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Oct 15, 2019 Four more qualified for the ANP 6th pre-salt sharing auction: Enauta, Equinor and Petrogal (operators A) and Cepsa (non-operator). As a result, the number of companies able to participate in the auction rises to 17. - Equinor already operates pre-salt projects, such as Carcará, in Santos, and Pão de Açúcar, in Campos;... Continue Reading →
Brazilian conglomerate Odebrecht SA’s advisors plan to propose a delay in the bankruptcy plan vote by creditors, two people with knowledge of the matter said. Odebrecht is likely to schedule a creditors assembly on Nov. 18 to comply with Brazilian bankruptcy protection rules, but so far there is not a concrete proposal to vote on,... Continue Reading →
In a statement issued last week, the Argentine foreign ministry said three oil companies – Rockhopper, Premier Oil, and Argos Resources – were carrying out oil and gas activities on the continental shelf near the Falkland Islands – without the authorization of the Argentine government. Argentina and the UK in 1982 fought a brief but... Continue Reading →
Norway's BW Offshore will wait for markets to stabilize before launching a planned initial public offering of its oil production arm, BW Energy, an executive said on Thursday. "We are generally ready to go to the market for a listing... however, looking at the market right now, with everything going on in the macro environment... Continue Reading →
Halliburton has been awarded an international license for ExxonMobil’s patented Non-Aqueous Fluid Gravel Packing (NAFPac) technique for gravel pack completions. Hole stability and shale inhibition are keys to successful installation of open hole completions. Non-aqueous fluid (NAF) is often selected to optimize the drilling process, but hole stability issues can occur when displacement to brine... Continue Reading →
October 11, 2019 Petróleo Brasileiro S.A. - Petrobras reports that it signed today with Imetame Energia Lagoa Parda Ltda, wholly owned subsidiary of Imetame Energia Ltda, a contract for the sale of its entire working interest in the onshore fields of the Lagoa Parda Cluster, located in Espírito Santo state, near the city of Linhares.... Continue Reading →
Oct 11, 2019 After two years of auctions dominated by Petrobras and ExxonMobil, the 16th Round oil and gas exploration concessions was dominated by Petronas from Malaysia and QPI from Qatar. These were the companies that invested the most in the acquisition of assets in the bidding: R $ 3.72 billion in total. The amount... Continue Reading →
October 11, 2019 At its peak, the agency expects production to reach 500,000 barrels. Minister says bonus paid was triple of expected The twelve auctioned blocks will require the installation of three to four new platforms between Rio de Janeiro and Sao Paulo, according to the National Petroleum Agency (ANP). The auctioned off areas in... Continue Reading →
Oct 11, 2019 PPSA's Contract Management Director, Hércules Silva, leaves the command of the area on the 31st. The dismissal request was accepted by the company's Board of Directors, which is responsible for managing the Union's portion of the procuction sharing contracts. - This will be the third change in management since President Jair Bolsonaro... Continue Reading →
As investments in tight oil increased from 2016 to 2018 and offshore investments decreased, according to Norwegian energy intelligence group Rystad Energy. Tight oil investments almost reached the same level as offshore in 2018, Rystad added. However, in 2019 the table has turned. Now, offshore investments are on the rise again, while tight oil has... Continue Reading →
