Browsing Tag

pre-salt

Exxon Adds 4.5 B barrels To Its Worldwide Reserves

analuisaegues Feb 27, 2019

The increase was attributed to the result of the acquisition of Uirapuru pre-salt area in Brazil and new discoveries in Guyana

Oil & Gas

Brasco To Support Total’s Campaign in Lapa

João Montenegro Feb 25, 2019

Wilson Sons group: "New agreement reinforces partnership and proves the quality of our operations"

Oil & Gas

Pre-Salt Production Rises

João Montenegro Feb 5, 2019

Increase was mainly due to the increase in oil and gas extraction in the Lula field

Oil & Gas

Saquarema and Maricá Lead Production

João Montenegro Feb 5, 2019

Installed in the Santos pre-salt, the FPSOs recorded the highest average oil and gas extraction in 2018

Oil & Gas

Alto de Cabo Frio Oeste Plan Approved

João Montenegro Feb 4, 2019

Shell expects to drill an exploratory well in the pre-salt area of the Santos Basin this year

Oil & Gas

P-67 Kicks Off its Lula Norte Production

João Montenegro Feb 4, 2019

More than six months after arriving in Brazil, the Petrobras FPSO starts operating in the country's largest oil field

Oil & Gas

Bolivia Pressured by New LNG Offers

matheusgagliano Feb 4, 2019

The Andean neighbor hopes to maintain its presence in Brazil in the face of competition from the U.S., Argentina and pre-salt gas

Oil & Gas

Petrobras’ Reserves Continue To Decline

João Montenegro Feb 1, 2019

The company has lost more than a quarter of its energy assets since 2014

Oil & Gas

BEHIND THE NEWS: PetroRio Now Among Biggest in Brazil

Claudia Siqueira Jan 31, 2019

Its acquisition of Chevron's subsidiaries in Frade will boost the company's oil production by 60%

Oil & Gas

Modec Contracts EBR For FPSO Guanabara Modules

João Montenegro Jan 29, 2019

The rig will be installed in the Mero field in Libra

Oil & Gas

P-67 Closer to Production in Lula Norte

João Montenegro Jan 28, 2019

The FPSO arrived in Brazil six months ago, but had to undergo repairs before moving on to the pre-salt field

Oil & Gas

More Pre-Salt in International Waters?

João Montenegro Jan 21, 2019

Spectrum Country Manager sees potential for new Sapinhoas and Perobas outside Brazil's Exclusive Economic Zone

Older Posts

From the Media

Mar 15, 2019 - Bloomberg

Venezuela’s opposition leader is rolling out the welcome mat to foreign investors who want a piece of the world’s largest oil reserves. In a major break from the policies of President Nicolas Maduro and his late predecessor Hugo Chavez, Venezuelan opposition chief Juan Guaido wants to allow foreign crude explorers to drill without partnering with the national oil company, a top adviser said. Under Chavez, seizures of foreign assets chased companies such as Exxon Mobil Corp. and ConocoPhillips out of the country and saddled the government with billions of dollars in reparation obligations. As the nation spiraled into economic, social and political chaos, Venezuela’s oil fields and infrastructure were neglected and starved of cash, leading to ruinous decline.

Mar 15, 2019 - Bloomberg

Brazil’s energy minister said the country plans to sign an accord next week with President Donald J. Trump that could pave the way for U.S. companies to explore the Latin American country for uranium and invest in new nuclear-power plants. Bento Albuquerque, a former admiral who once ran the Brazilian Navy’s atomic program, met with U.S. Energy Secretary Rick Perry in Houston this week and discussed creating a bilateral forum on energy cooperation that would include nuclear projects. That’s expected to be part of a memorandum signed by Brazilian President Jair Bolsonaro on his first trip to the White House next week, Albuquerque said Thursday.

Mar 15, 2019 - Proactive Investors

Ocean Wilsons Holdings Limited shares sank on Friday after the marine services firm saw its profits dented by a softer performance by its tonnage business and exchange rate movements. The company blamed the profit slip on “softer” operating margins in its towage business, which pushed total operating margins down to 21.6% from 22.1% in the year, as well as a higher average US Dollar to Brazilian Real exchange rate, which prompted a revenue fall in dollar terms despite a 6% rise in the Brazilian currency. Looking forward, Ocean said competition in the Brazilian towage market where it operates “remains strong” and that the offshore oil and gas market, which it supplies support services for, was facing “another difficult year.”

Mar 15, 2019 - Reuters

U.S. ethanol exporters are likely to face increased competition in one of the few foreign markets where they have been able to deliver large volumes in recent years, the North and Northeast regions of Brazil, an industry association chief said. Ironically, that competition would come in the form of corn-based ethanol common in the United States, not sugar-based ethanol that has traditionally dominated in Brazil. Corn ethanol is taking off in Brazil’s grain heartland of Mato Grosso state, where production is expected to grow more than 50% in 2019 from a year earlier. But one major obstacle for that to happen is logistics.