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Nov 8, 2019 The National Agency of Petroleum, Natural Gas and Biofuels estimates that about 60 offshore platforms will be installed on the Brazilian coast by 2030, mostly in the pre-salt. ANP Director-General Décio Oddone stressed that the lack of bids in the Sepia and Atapu fields, in the TOR round held last Wednesday (7),... Continue Reading →
(Reuters) - Brazil’s state-run oil firm Petrobras wants to further lower its stake in Petrobras Distribuidora SA, the fuel distribution unit it recently privatized via a share offering, the company’s chief executive said on Friday. Roberto Castello Branco added that Petroleo Brasilerio SA, as the company is officially known, has divested 70 oil blocks so... Continue Reading →
(Reuters) - Brazil is willing to have discussions about the future of the energy industry with the Organization of the Petroleum Exporting Countries (OPEC), but has no interest in joining a cartel to set prices and cap production, its economy minister said on Friday. “You have to be there to discuss and inform yourself,” Economy... Continue Reading →
Nov 8, 2019 The pre-salt auction week ends with more than R $ 75 billion collected, the contracting of excess volumes of Buzios and Itapu, which may exceed 10 billion barrels, and the exploration of Aram, with potential to be one of the largest fields in the country. "Still, it left a lot of people... Continue Reading →
Latin American states like Colombia have been important producers of oil and gas for this southern continent, the Caribbean and North American markets. Colombia’s crude oil production is primarily located onshore, in the northwest and centre of the country, close to major refined product-consuming regions. Meta Department, in central Colombia, is an important production area,... Continue Reading →
Nov 11, 2019 Shell began the licensing process at Ibama to drill in block BM-S-54, in the Santos Basin pre-salt, where the discovery of Gato do Mato is located. The campaign will consist of drilling up to six development wells that will be interconnected with the future production system of the block and the contiguous... Continue Reading →
Nov 8, 2019 (Reuters) - Brazil’s state-run oil firm Petrobras, which dominated this week’s disappointing offshore oil auctions, has no interest in farming out its Buzios block to be operated by another firm, its head of exploration and production said on Friday. Major global oil firms snubbed a second Brazilian oil auction in a row... Continue Reading →
Siemens AG beat expectations for fourth-quarter profit, while warning a manufacturing slowdown will lead to a decline in some factory-equipment volumes next year. Europe’s biggest engineering company put forward the cautious outlook Thursday after its health and software operations helped to boost its main profit indicator by a fifth. Adjusted earnings before interest, taxes, and... Continue Reading →
Offshore telecommunication services provider RigNet has signed a multi-year agreement with Petrobras to supply O3B VSAT technology to six of its FPSO vessels. RigNet said on Tuesday that the agreement for the six FPSOs was in addition to a deal for work on four Petrobras’ FPSOs awarded to the company last year. “This represents RigNet’s... Continue Reading →
Petrobras CEO Roberto Castello Branco said the reason most major oil companies didn’t show up for Brazil’s massive auction was because of the astronomic price tag and regulatory uncertainties. “The amount that companies would need to commit upfront, with license fees and compensation to Petrobras, was too high,” Castello Branco said in an interview Wednesday... Continue Reading →
