04/08/19 Suppliers of drill pipe risers considered risky contract model proposed by Petrobras Weatherford was the only company to submit a proposal in a Petrobras bidding process to hire Drill Pipe Risers (DPR) systems capable of operating under pressures of up to 10,000 psi. The classification of the bid must be published in the electronic... Continue Reading →

05/04/2019 1 Petrobras signed the agreement that validates the unification of fields in the region known as "Parque das Baleias", located in the portion of the Campos Basin facing Espírito Santo. The ceremony was held at Palácio Anchieta, in Vitória (ES), with the presence of the company's president, Roberto Castello Branco. Parque das Baleias is... Continue Reading →

If the rest of 2019 continues at the same pace of discoveries as the first quarter, the year will exceed 2018’s discovered resources by 30%, according to energy intelligence group Rystad Energy. Rystad said on Monday that global discoveries of conventional resources in the first quarter reached a robust 3.2 billion barrels of oil equivalent... Continue Reading →

Rio de Janeiro, April 05, 2019 - Petróleo Brasileiro SA - Petrobras informs that, in the scope of the competitive sale process of 90% of Transportadora Associada de Gás SA ("TAG"), ENGIE group, jointly with the Canadian investment fund Caisse de Depot and Placement du Quebec ("CDPQ"), presented the best proposal, representing an Enterprise Value... Continue Reading →

Brazilian President Jair Bolsonaro is staking much of his political capital on a plan to shore up the country’s costly social security system, which he hopes will kick-start the country’s economy and boost investor sentiment. The government is, however, struggling to sell its proposal to the public and lawmakers. Legislation will almost certainly be watered... Continue Reading →

4/4/2019 The Marine Construction & Engineering (MCE) Deepwater Development conference and exhibition, a JV of World Oil and its parent, Gulf Energy Information, with Quest Offshore, was held in London at the beginning of this month. It featured an excellent technical program, as well as substantive panels of industry executives. If one could sum up... Continue Reading →

Ibama issued this Wednesday the pre-license 601/2019 for the 3rd Stage of development of production in the pre-salt of the Santos Basin, for Petrobras. The next cycle of investments in the region is scheduled to install 11 FPSOs for definitive production systems, two production pilots and another 10 long duration (TLD) or advance production systems... Continue Reading →

Australian oil and gas company Karoon has yet to find a farm-in partner for its Neon oil field offshore Brazil and is in talks with potential FPSO suppliers. The company might drill another well to de-risk the development further. Karoon last year transitioned the Santos basin blocks containing two oil fields from the exploration phase... Continue Reading →