A small amount of crude oil belonging to Royal Dutch Shell Plc leaked during a ship-to-ship oil transfer in Brazilian waters last month, the company confirmed to Reuters on Monday. About 200 milliliters of crude were released on Nov. 30 during the maneuver, which was halted after the drip was detected, Shell said, adding... Continue Reading →
Brazil finding the balance
The country faces key downstream and infrastructure challenges Efforts to reform Brazil's downstream fuels market illustrate the tension between trying to move away from over-arching state control, but also placate a populace angry after corruption scandals and economic austerity. Under existing law, Petrobras plays the role of the country's sole supplier, but this no longer... Continue Reading →
New Petrobras boss gets warm reception
Appointment of ‘Chicago Boy’ to head state-owned giant reinforces reform agenda optimism The incoming Bolsonaro regime in Brazil will appoint Roberto Castello Branco as the new CEO of state-owned oil firm Petrobras, in a move that has bolstered confidence that the new administration will continue to pursue a reformist agenda. Castello Branco is currently a... Continue Reading →
Spectrum in large 3D survey offshore Brazil
Seismic services player Spectrum is starting a large 3D survey in the Potiguar basin offshore the Equatorial Margins of Brazil. The survey comprises 10,700 square kilometer covering blocks that were recently awarded in the 15th license round and open acreage blocks scheduled for the 17th Round in 2020, Spectrum said on Monday. The Potiguar survey... Continue Reading →
Petrobras extends deadline for BM-S-11 drilling rig
10/12/18 Petrobras has extended the tender offer date for chartering a 2,400 m drilling rig that will be allocated to the BM-S-11 project in the Santos Basin. The deadline was set for December 13, but the bidding committee transferred the date to December 27. Postponement surprised the market. As Petrobras finalized the Mero rigs process... Continue Reading →
Hess to boost capital budget after two years of stagnation
U.S. independent Hess Corporation will allocate 75% of its 2019 E&P capital and exploratory budget of $2.9 billion to high return assets in the Bakken and Guyana. About $570 million will be spent on offshore developments. Hess announced its 2019 E&P capital and exploratory budget of $2.9 billion on Monday. This is an increase compared to this year’s E&P capital and exploratory budget of... Continue Reading →
RESEARCH TO ENHANCE LIFE OF FPSOs OPERATED BY SHELL IN BRAZIL
Dec, 2018 Shell Brasil has entered into a partnership agreement with ABS, SBM Offshore and Coppe / UFRJ to develop tools for the evaluation, development and implementation of new technologies to increase operational safety, reduce costs and increase productivity and efficiency, in real time, from the impact of operational philosophy and environmental conditions on the... Continue Reading →
Petrobras Sale of onshore fields – Lagoa Parda Cluster Start of the non-binding phase
Rio de Janeiro, December 10, 2018 – Petróleo Brasileiro S.A. – Petrobras, further to the material fact of 10/08/2018, announces the beginning of the non-binding phase related to the sale of its entire equity share in three onshore production fields (Lagoa Parda, Lagoa Parda Norte and Lagoa Piabanha), located in the state of Espírito Santo,... Continue Reading →
Brazil environment regulator denies Total permit to drill Amazon basin
Brazil environmental regulator Ibama said on Friday it had denied a permit to French oil major Total SA to drill in the environmentally sensitive Foz do Amazonas Basin for a fifth and final time. Ibama said in a statement that it agreed with a technical assessment that indicated oil exploration in the area would present... Continue Reading →
Brazil’s labor court suspends deal between Petrobras and 3r Petroleum
Dec 7 (Reuters) - A Brazilian labor court suspended a deal between Petroleo Brasileiro SA and 3R Petroleum, documents seen by Reuters show. The judge said that Petrobras’ board of directors approved the deal without the presence of its employee representative. Petrobras announced a $453 million agreement with oil company 3R Petroleum over 34 oil... Continue Reading →
