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April 2, 2020 Petróleo Brasileiro S.A. – Petrobras informs that it has identified the presence of oil in the pioneer well of the Uirapuru block, located in the Santos Basin pre-salt. The pioneer well is located about 200 km off the coast of the city of Santos (SP), at a water depth of 1,995 meters,... Continue Reading →
President Donald Trump said he expects Saudi Arabia and Russia to cut oil production by about 10 million barrels after he spoke by phone with Crown Prince Mohammed Bin Salman on Thursday. Trump didn’t specify in a tweet whether the production cut would be per day. He said Prince Mohammed had spoken to Russian President... Continue Reading →
Oil and gas company Apache Corporation has made a ‘significant oil discovery’ at the Sapakara West-1 well drilled offshore Suriname on Block 58. The well was drilled using the Noble Sam Croft drillship with Apache as operator holding a 50% working interest and Total holding the other 50% working interest. Continue reading
APR 2, 2020 The National Petroleum Agency (ANP) approved earlier this week the Development Plan for the Lapa field, in the pre-salt of the Santos basin. The field is operated by Total (45%), in partnership with Shell (30%) and Repsol Sinopec (25%). The French oil company's share previously belonged to Petrobrás, which sold its share... Continue Reading →
April 2, 2020 Petrobras notified the presence of oil in Uirapuru during the drilling of 1-BRSA-1373B-SPS, repetition of the first well drilled in the block, in the Santos Basin pre-salt, contracted in the 4th pre-salt sharing round. Petrobras will also test the HISEP technology, which separates dense phases at high pressure, with the fluid produced... Continue Reading →
April 2, 2020 Shell will have at least until December 2021 to complete the assessment of the discovery of Gato do Mato, in the Santos Basin pre-salt. Decision of the ANP board, authorized the combination of the exploration work of the original concession (BM-S-54) with the sharing contract (Sul de Gato do Mato). - Investment... Continue Reading →
April 1, 2020 Petróleo Brasileiro S.A. – Petrobras reports that it has entered into a settlement agreement to end an arbitration filed by an investor in Sete Brasil Participações S.A. - under judicial reorganization, seeking compensation from Petrobras for alleged damages related to its investment in the Sondas Project. In the 1Q2020 Petrobras will revert... Continue Reading →
Dutch offshore transportation and dredging giant Boskalis has halted crew changes and will slash spending this year due to the COVID-19 virus crisis, it said on Thursday. The company said that, while its workers work from home where possible, this is not an option for staff working on international projects and vessels. Continue reading
Oilfield services company TechnipFMC is taking a set of actions in response to the current market environment, including a 30% reduction in capex. These actions include a 30% reduction in 2020 capital expenditures to $300 million – a reduction of $150 million when compared to the company’s previous full-year guidance. Continue reading
Brazil's oil and gas regulator ANP on Wednesday approved the temporary suspension of the 17th round of auction bids for exploration and production rights planned for this year due to the coronavirus health crisis. In a press release, the ANP said its action followed the Mines and Energy Ministry's decision to suspend pre-auction procedures such... Continue Reading →
