Brought to you by Quest Offshore & Southern Cone Consultants
July 29, 2019 ANP estimates Brazil could triple daily output over next decade and double proven reserves In addition to including new areas for oil and gas exploration in the auctions to be held in the coming years, the government wants to accelerate the ongoing bids to increase investments in the sector. According to estimates... Continue Reading →
YPF announced today that a preliminary agreement was reached with Excelerate Energy for the charter of an LNG carrier, which will export Argentina’s excess LNG to the global natural gas market. Both parties will be executing the final agreement in the coming days, with the objective of starting operations the first week of September. "We... Continue Reading →
July 26, 2019 Petrobras has launched a bid to contract engineering design, goods supply, installation and subsea interconnection services for the first wave rigid pipelines of the Buzios 5 field, in the Santos Basin pre-salt. The project implementation comprises the connection to the future FPSO of five producing wells, five injectors and an export pipeline... Continue Reading →
July 26, 2019 FPSO P-68 is expected to leave Jurong Shipyard in Aracruz (ES) only in late September or early October. The initial forecast was that the five-day trip to the Berbigão field would start on the 24th, but delays in the construction forced the revision of the schedule. Among the reasons for the postponement... Continue Reading →
Qatar Petroleum is further expanding its international reach as it has signed a deal with Total for a share of rights in two blocks offshore Guyana. The Qatari national oil and gas firm will take hold of 40% of Total’s existing 25% participating interest in the Tullow-operated Orinduik block. Tullow Oil owns a 60% participating... Continue Reading →
Dutch Heerema Fabrication Group has performed the last roll-up of the jacket structure for Equinor’s Peregrino C platform – to be installed at a location offshore Brazil – at its Vlissingen yard in the Netherlands. The Equinor-operated Peregrino oil field is located in licenses BM-C-7 and BM-C-47, approximately 85km offshore Brazil, in the Campos basin,... Continue Reading →
Anadarko Petroleum Corp (APC.N), in its last earnings report before shareholders vote on its sale to Occidental Petroleum (OXY.N), on Friday reported a quarterly profit that topped analysts’ estimates, as higher production offset lower prices for its oil. It reported a net loss on a $1 billion breakup fee paid to Chevron Corp (CVX.N). Anadarko... Continue Reading →
Mexico’s state oil company Pemex posted another quarter of major losses on Friday, weighed down by falling output and lower crude prices, as the heavily indebted firm faces the prospect of a fresh downgrade from credit agencies critical of its direction. President Andres Manuel Lopez Obrador has pledged to rescue the ailing Mexican oil giant... Continue Reading →
Brazil’s state-run oil firm Petroleo Brasileiro SA cut its 2019 production target, sending its shares lower on concerns about how quickly the firm will be able to ramp up production. Petrobras, as the firm is known, now expects output to average 2.7 million barrels of oil equivalent per day (boepd), in line with 2018, scrapping... Continue Reading →
July 25, 2019 Bidding conducted under the reverse auction system is postponed and remains undefined. Almost six months after the original receipt of the proposals, Petrobras' bid for the chartering of up to three anchored rigs remains open. Lot 1 - geared to two units for 750 m of water depth - had its commercial... Continue Reading →
