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Petrobras prepares to drill wells on the Equatorial Margin, in blocks in the Foz do Amazonas, Potiguar and Barreirinhas basins. The oil company today opened a public tender (nº 7003659184) for the contracting of charter services for large helicopters that will be used in exploratory campaigns in these regions, located in the North and Northeast... Continue Reading →
The National Environment Council (Conama), which will allow Petrobras to reduce emissions in new projects with fully electrified platforms. The state-owned company says it is technologically prepared to adopt this type of platforms and, with the amendment to Resolution 382/2006, approved by Conama, it is able to incorporate the technology in its new maritime units.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that, in alignment with its ongoing contingency assessment process, it signed an agreement today in the scope of the three public civil actions investigating environmental damage resulting from the leakage of the Santa Catarina - Paraná (OSPAR) oil pipeline, which occurred on July 16, 2000, in the city of... Continue Reading →
(epbr) The regulatory framework for offshore wind farms must be done by decree and create rules to define, by auction, who will have the right to explore maritime areas for energy generation. The auction would solve the dilemma of overlapping projects currently in the licensing process with Ibama, for example. -- The Minister of Mines... Continue Reading →
(Bloomberg) Oil explorers need to raise drilling budgets by 54% to more than half a trillion dollars to forestall a significant supply deficit in the next few years, according to Moody’s Investors Service Inc. Crude and natural gas drillers chastened by last year’s unprecedented collapse in demand and prices haven’t responded to the recent market... Continue Reading →
(OE) U.S. based offshore support vessel owner Tidewater plans to start an offering of USD denominated 5-year senior secured bonds, subject to market and other conditions. "The Company intends to use the net proceeds from the bond issue towards refinancing of the Company’s outstanding debt and for general corporate purposes," Tidewater said. The bonds will... Continue Reading →
Following reports that a consortium between Brazil’s PetroRio and Vinci’s subsidiary Cobra has been chosen as the top bidder for Petrobras’ Albacora offshore oilfield, PetroRio is awaiting notification from Petrobras about the process while Petrobras has said there is still no decision about the winning proposal. Citing people with knowledge of the matter, Reuters reported on Thursday... Continue Reading →
Soaring oil prices could signal the start of an amplified offshore rig market upcycle and this time it might stick around for a while, Esgian's Teresa Wilkie writes. Last week Brent crude touched $80 per barrel for the first time in three years. What may be even more remarkable is that it has remained above... Continue Reading →
U.S. oil major ExxonMobil has made yet another oil discovery in its prolific Stabroek Block, offshore Guyana, and has now increased its estimate of the discovered recoverable resource for the block to approximately 10 billion oil-equivalent barrels. The updated resource estimate includes a new discovery at the Cataback-1 well, which brings the total significant discoveries... Continue Reading →
(Reuters) - Brazil failed to sell off exploration and production rights in the most promising offshore oil blocks up for sale on Thursday, as its first oil auction since the start of the COVID-19 pandemic brought just 37.1 million reais ($6.7 million) into state coffers. In total, there were 92 blocks up for grabs in... Continue Reading →
