Browsing Tag

oil production

Oil & Gas

Pilgrim C on the Way to Brazil

João Montenegro Nov 14, 2019

Equinor's new field platform will extend asset life in the Campos Basin

Oil & Gas

Production Halted on the P-31

analuisaegues Nov 7, 2019

Sindipetro says that there was gas leak on the platform installed in the Albacora field

Oil & Gas

PetroRio Expands Production

analuisaegues Nov 4, 2019

Brazilian oil company extracted 20,000 boed in the third quarter of the year

Oil & Gas

Equinor: Achieves 200 M Barrel Production in Peregrino

[email protected] Oct 31, 2019

Significant international milestone reached by Norwegian company in a heavy oil field

Oil & Gas

Petrobras Profits US$ 2.49 B in 3Q19

Dário Silveira Oct 25, 2019

Result reflects increased oil production and capital gains from the sale of BR Distribuidora

Oil & Gas

Petrobras Production: Up almost 10%

Dário Silveira Oct 21, 2019

Oil company reported quarterly results of its upstream and downstream activities

Oil & Gas

Dommo’s Production Falls 4%

analuisaegues Oct 7, 2019

Tubarão Martelo Field in the Campos Basin extracted 171,000 barrels in September

Oil & Gas

Brazil Right Behind the United Arab Emirates

João Montenegro Oct 3, 2019

With production of nearly 3 million bopd, the country may surpass OPEC's third largest oil producer later this year

Oil & Gas

PetroRio Starts Third Polvo Phase

Dário Silveira Oct 1, 2019

The company will invest US$ 60 million in new asset development in the Campos Basin

Oil & Gas

Production Halted on the P-50

analuisaegues Sep 24, 2019

An alert was triggered on the Campos Basin platform after an anchoring cable accident

Oil & Gas

Atlanta Production Exceeds 30,000 B/D

analuisaegues Sep 23, 2019

The record was set after interventions in the wells in the fields operated by Enauta in the Santos Basin

Oil & Gas

PetroRio Ups Production in August

analuisaegues Sep 12, 2019

The increase over the previous month was driven by the Manati field in the Camamu Basin

Older Posts

From the Media

Nov 14, 2019 - Australia Financial Review

Karoon Energy finally has the funds to pay for its transformational Brazilian acquisition. The company and its brokers Macquarie Capital and RBC Capital Markets ruled off the $ 284 million equity raising on Thursday when they placed stock left over from the retail portion of a one-for-1.06 rights issue. Karoon Energy, run by Bob Hosking, has wrapped up a $ 284 million equity raising. It is understood sub-underwriters took $59 million of the $109 million retail entitlement offer, which will provide a juicy little win for those that took the risk. The sub-underwriting was at 93¢ while the stock last traded at $ 1.08. While it took Karoon a few roadshows and a few months to get its deal off the ground, it's a bullish sign for the Australian mid cap oil and gas sector.

Nov 14, 2019 - OilPrice.com

Big Oil will likely snub Brazil’s huge oil auctions next year, just as they did in this year’s highly anticipated bid rounds, because projects and prospects around the world are competing for the majors’ disciplined capital spending, the head of BP in Brazil told Valor Economico in an interview. Assets in other countries will be more attractive than Brazil’s resources, BP Energy Brazil’s president Adriano Bastos told Valor Economico.The foreign oil firms who stayed away from the two auctions last week will not “come back next year,” even if Brazil were to sweeten the offers for the companies, he said. Other projects in the world will enter the companies’ portfolios, reducing Big Oil’s spending capacity to invest in Brazil, BP’s manager said.

Nov 14, 2019 - BNAmericas

Research and development (R&D) funds filled with contributions from oil and gas producers will reach 20bn reais (US$4.5bn) over the next 10 years. They are expected to support investments in energy transition technologies. The president of oil institute IBP, Clarissa Lins, made this comment during an event organized by international relations think-tank Cebri in Rio de Janeiro city on Tuesday. ExxonMobil’s Brazil CEO, Carla Lacerda, said, "This is an opportunity to use pre-salt revenues, maybe even making modifications to the rules, to work on new technologies for the future. Some technologies take 15 or 20 years to gain commercial scale, so the moment to do that is now.”

Nov 14, 2019 - Renewables Now

Brazilian energy firm AES Tiete Energia SA announced on Monday it will form a joint venture (JV) with Unipar Carbocloro SA to develop a 155-MW wind project. The partners expect to begin construction work at a greenfield site in the cities of Tucano, Biritinga and Araciin the state of Bahia in 2021. The planned wind farm will require a total investment of about BRL 4 million (US$ 963 M) per MW installed. Unipar will enter into a 20-year power purchase agreement (PPA) with the JV to buy 60 average megawatts (MWa) from the wind park. That contract should come into force in 2023, according to the announcement.