Brought to you by Quest Offshore & Southern Cone Consultants
Deepwater and tight oil are two of the upstream sector’s great growth themes, but are often considered to be at opposite ends of the development spectrum, according to energy intelligence group Wood Mackenzie. Deepwater represents large, expensive and complex long-cycle projects best suited to Big Oil. In contrast, tight oil offers flexible short-cycle opportunities more... Continue Reading →
-vessel ready to set sail for Guyana The first oil production vessel to be placed in Guyana, Liza Destiny has been officially dedicated by First Lady, Sandra Granger and the floating, production, storage and offloading (FPSO) is preparing to set sail to these shores. According to the Department of Public Information (DPI), on Saturday ,... Continue Reading →
Pemex will avoid investing in deepwater offshore projects, instead focusing on areas where it has experience, including the shallow waters of the Gulf of Mexico and onshore fields, Reuters quoted a senior executive as saying. The Mexican state energy company has been struggling to reverse a production decline that has been going on for more... Continue Reading →
Rio de Janeiro, June 21, 2019 - Petróleo Brasileiro S.A. - Petrobras, following up on the release of May 17, 2019, hereby informs that its subsidiaries paid today the amount of approximately US$ 700 million related to the decision of the United States District Court for the Southern District of Texas that denied Petrobras’ motion... Continue Reading →
The Commission for the Limits of the Continental Shelf (CLCS) has published a recommendation on the United Nations website (UN), legitimizing Brazil to incorporate 170,000 km2 of Continental Shelf area, in addition to the Exclusive Economic Zone. This means the expansion of territorial sea beyond 200 miles. An unprecedented achievement that did not affect the... Continue Reading →
June 19, 2019 Access to the transportation system is a precondition for the development of a competitive natural gas market in the country. The evaluation is by the Superintendent of Infrastructure and Movement of ANP, Hélio Bisaggio, who participated in this Wednesday, 19, of public hearing in the Commission of Regional Development and Tourism (CDR)... Continue Reading →
June 21, 201 The ANP rejected a request made by Petrobras and Equinor to extend the terms of the contracts for the 11th round in blocks ES-M-596, ES-M-598, ES-M-671, ES-M-673 and ES- 743, in deep waters in the Espírito Santo Basin. The oil companies were demanding the extension of the 60 day deadline established by... Continue Reading →
June 21, 2019 The ANP has accepted a request from Enauta and will grant 282 days for the first exploratory period of the FZA-M-90 block in the Foz do Amazonas Basin and 340 days for the PAMA-M-265 and PAMA-M-337 blocks in the Pará-Maranhão. The oil company claimed more time to develop the asset, due to... Continue Reading →
June 21, 2019 Rosneft's plans to monetize its natural gas reserves in the Solimões Basin, plans include the drilling of new wells, the construction of a pipeline system and a treatment plant. The production of the fields of the Russian company will be transported to Manaus by the expansion of the capacity of the Urucu-Coari-Manaus... Continue Reading →
June 19, 2019 Enauta (formerly Queiroz Galvão E & P) received the approval of the ANP for compulsory assignment of Dommo's (former OGX) participation in the Atlanta field (BS-4). The decision was taken by the agency's board on Wednesday (19). The decision is one of the steps to formalize the shares of Dommo Energia for... Continue Reading →
