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Jul 30, 2020 The ANP's Monthly Bulletin on Oil and Natural Gas Production presents detailed data for June 2020. National production was 3.821 MMboe / d (million barrels of oil equivalent per day), with 3.013 MMbbl / d ( million barrels per day) of oil and 128 MMm3 / d (million m3 per day) of... Continue Reading →
Jul 30, 2020 Petrobras stated in its financial report that it expects to sign until the first quarter of next year the sale of most of its refineries that are in the process of divesting. In addition, the state company also believes that it may definitively conclude these transactions in 2021. Due to the coronavirus... Continue Reading →
Jul 30, 2020 Petrobrás currently has seven platform ships under construction, scheduled to enter operations between 2021 and 2023. Some of the works have managed to progress well despite the pandemic. Others not so much. This is the case of the FPSO Carioca, which will be installed in the Sépia field, in the Santos Basin.... Continue Reading →
Noble Corp., the offshore drilling contractor, filed for bankruptcy after the crash in crude prices made subsea wells too expensive to compete. The Chapter 11 filing in Texas envisions eliminating all of the company’s borrowings -- more than $3.4 billion -- by swapping debt for equity, the company said in a statement. Bondholders have agreed... Continue Reading →
Brazilian state-run oil firm Petroleo Brasileiro SA (PETR4.SA) on Thursday posted a loss of 2.7 billion reais ($524 million) in the second quarter, hurt by tumbling oil prices despite record export volumes to China. The result, down from a record quarterly profit of 18.9 billion reais a year ago, came as the company pursued an... Continue Reading →
Chevron Corp (CVX.N) on Friday reported an $8.3 billion loss on asset writedowns from plummeting fuel prices, a forced exit from Venezuela and expenses tied to thousands of jobs cuts. Multibillion-dollar asset writedowns have become a prominent part of second-quarter energy results, as a global oil glut emerged as the COVID-19 pandemic cut fuel demand.... Continue Reading →
Offshore drilling company Transocean expects its two ultra-deepwater drillships under construction in Singapore to cost it $2,25 billion in total, more than a double on the original order price. Transocean first ordered the drillships - now named the Deepwater Titan and the Deepwater Atlas - on speculation from Sembcorp Marine's Jurong Shipyard in 2014 for... Continue Reading →
Offshore accommodation provider Floatel International will book impairments of nearly $400 million for the second quarter of the year due to impairments of its vessels made amid challenging market situation. In an update on Thursday, Floatel said it continues to engage in constructive discussions with its key stakeholders on terms for a financial restructuring. Continue... Continue Reading →
Dear Shareholders, I am glad to be able to tell you that we are running the ship safely through uncharted waters. We are very proud of our team whose talent and professional dedication allowed us to overcome, so far, the enormous challenges faced by our company. The outbreak of a major global health crisis caused... Continue Reading →
July 30, 2020 ANP presented the consolidated version of the Environmental Study of Sedimentary Area (EAAS) of the Sergipe-Alagoas / Jacuípe maritime basin. It is an assessment aimed at strategic public policy planning, with an emphasis on socio-environmental issues, for the oil & natural gas exploration & production sector. During the opening of an event... Continue Reading →
