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Ecopetrol recorded net profits of $ 6.2 billion in the first half of 2019, the highest since 2013 for the first half. Profits grew 1.6% while the price of Brent crude decreased 7% in that period. The results show the financial and operational strength of the company that faced a challenging environment in the second... Continue Reading →
This tiny nation on the north coast of South America is about to become the world’s newest petrostate—and potentially the richest. In 2015, ExxonMobil made what one of its executives described as a “fairy tale” discovery in the vast Stabroek exploration block off the Guyanese coast. Since then, it’s found so much oil that by... Continue Reading →
August 13, 2019 Shell found evidence of hydrocarbons in the southern area of Gato do Mato, in the Santos Basin pre-salt. The discovery came from the 3-SHEL-30-RJS well, whose drilling began a little over a month ago with the Constellation Brava Star rig in a water depth of 2,067 m. The southern block of Gato... Continue Reading →
August 12, 2019 Petróleo Brasileiro S.A. – Petrobras reports that today it has prepaid the Term of Financial Commitment (TFC) FAT/FC (“Term”), in the amount of R$ 2.7 billion, whose maturity would be in 2028. The Term resulted from the Reciprocal Obligations Agreement (AOR) signed with Petros and various trade unions in 2006 aiming at... Continue Reading →
August 12, 2019 Petrobras has begun environmental licensing to carry out a proprietary 4D seismic data acquisition mega-campaign with Nodes and to implement a permanent monitoring system in Santos Basin pre-salt areas. The campaign will involve 11 pre-salt areas with a minimum coast distance of 146km and a depth of operation between 1,300 and 2,500m:... Continue Reading →
Aug 12, 2019 Líder Aviação and Petrobras signed the helicopter charter contracts for logistic support in the Campos, Santos and Espírito Santo basins. The aircraft will be used for air transport to offshore platforms, with scheduled start-up between this and next year. The company will supply eight large and medium-sized aircraft, five of them S92A... Continue Reading →
Aug 12, 2019 The ANP extended the exploration phase of Brasoil's FZA-M-254_R11 concession for two years, with the first exploratory period being effective until 08/02/2021, and the second exploratory period, if any, effective until 02/02/2014. 08/2024. Petrobras bids hiring up to six ROVs Petrobras has opened a bid for hiring up to six ROVs, with... Continue Reading →
Brazilian federal prosecutors filed a court injunction on Monday seeking to bar the appointment of right-wing President Jair Bolsonaro’s son Eduardo as ambassador to the United States due to his lack of experience as a diplomat. The public prosecutor’s office asked a Brasilia court to rule on the need for non-diplomats to have relevant international... Continue Reading →
Economic activity in Brazil fell slightly in the three months to June, a central bank indicator showed on Monday, suggesting Latin America’s largest economy may have slipped into recession. The central bank’s IBC-Br economic activity index, a leading indicator of gross domestic product (GDP), fell 0.13% in the second quarter, after a 0.68% drop in... Continue Reading →
Global Offshore Brazil Summit invites you to be a part of one of the industry’s most respected technical programs; submit your abstract today! 3-4 March, 2020 Grand Hyatt Rio Abstract Details here Exhibition Information Sponsorship Opportunities The Global Offshore Brazil Summit: Engages key members of the Deepwater oil and gas community by providing a stage for... Continue Reading →
