Brought to you by Quest Offshore & Southern Cone Consultants
August 26, 2019 Petróleo Brasileiro SA - Petrobras, following the press release disclosed today, informs that the company Modec has reported that a new overflight has found oil on the sea, with an estimated volume of 6.6 cubic meters, in addition to the 1.2 cubic meter leakage identified and now collected. Seven collection and dispersion... Continue Reading →
Although oil and gas can be a highly competitive industry, oil majors and others are coming together more and more to figure out how to best tackle the challenges and opportunities that digital technologies provide. In an area that is particularly critical for all of them to get right, experts joined to discuss how new... Continue Reading →
August 23, 2019 Brazil will reach production of 500,000 barrels per day of oil and natural gas in 2030 with the measures implemented by the New Gas Market and the Revitalization Program of Exploration and Production of Oil and Natural Gas in Terrestrial Areas (Reate 2020) . The promise is from the Minister of... Continue Reading →
TechnipFMC plc (NYSE: FTI) (Paris: FTI) today announced its Board of Directors has unanimously approved its plan to separate into two industry-leading, independent, publicly traded companies: RemainCo, a fully-integrated technology and services provider, continuing to drive energy development; and SpinCo, a leading engineering and construction (E&C) player, poised to capitalize on the global energy transition. The... Continue Reading →
The decommissioning of 21 old oil rigs in the Campos Basin, Rio de Janeiro state, will cost around 50 billion reais ($12 billion) over the next five years, a state official said. All 21 old rigs that will be decommissioned are operated by state-controlled oil company Petroleo Brasileiro SA, development secretary Lucas Tristão told Reuters.... Continue Reading →
August 26, 2019 Petróleo Brasileiro S.A. - Petrobras reports that Modec, operator of the FPSO Cidade do Rio de Janeiro, in the Campos Basin, announced on Friday, August 23, the existence of cracks in the ship's hull, after inspection of the vessel’s external tanks, resulting in a leakage of approximately 1.2 cubic meter of residual... Continue Reading →
Aug 26, 2019 Maha Energy revised its production average in 2019. It is projected to be between 3,300 bopd and 3,600 bopd, volumes 9% and 17% below the estimate announced in March. The review is due to delays in drilling in the Tartaruga field in the Sergipe Basin and in receiving regulatory approvals for the... Continue Reading →
Aug 26, 2019 (Reuters) - BP PLC (BP.L), Chevron Corp (CVX.N) and China’s CNOOC (0883.HK) are among 12 companies cleared to bid in an October exploration rights auction in Brazil, oil regulator ANP said on Monday. Exxon Mobil Corp (XOM.N), Colombia’s Ecopetrol SA ECO.CN, Norway’s Equinor ASA (EQNR.OL), Australia’s Karoon (KAR.AX), Qatar’s QPI, Spain’s Repsol... Continue Reading →
Brazil will also lead globally on crude production capacity through upcoming floating production storage and offloading (FPSO) vessels with 2,430 thousand barrels per day (mbd) between 2019 and 2025. A total of 20 planned and announced floating FPSOs are expected to be deployed offshore Brazil during the outlook period, the highest among countries globally, revealed... Continue Reading →
CGG has started acquisition of Nebula 3D, a new, long-offset BroadSeis survey located in the Campos and Santos Basins, offshore Brazil. With an initial focus on Brazil’s 15th License Round blocks, the data is being acquired by the Geo Caribbean and a portion of the survey will provide 3D data coverage where no other 3D... Continue Reading →
