Browsing Tag

Upstream

Oil & Gas

Petrobras Saves US$ 66 M with Enhanced Offload Management

analuisaegues Nov 8, 2018

An algorithm helps optimize planning, helping operational efficiencies and team integration

Oil & Gas

BP, Petrobras Reconfirm Strategic Alliance

yolen@brasilenergia.com.br Apr 13, 2018

The two oil companies officialized the E&P cooperation agreement agreed to last year

Oil & Gas

GlobalData: Brazil 2018-2020 Upstream Capex = US$ 18.2 B/Year

yolen@brasilenergia.com.br Feb 9, 2018

Brasil Energy Newsroom An average capex of US$ 18.2 billion per year is forecast to be spent on 382 oil and gas fields in Brazil between 2018 and 2020, according to GlobalData, a leading data and analytics company. The consultants…

Oil & Gas

GlobalData Energy: Brazil’s Upstream Capex To Be US$ 54 B by 2020

yolen@brasilenergia.com.br Jan 11, 2018

Brasil Energy Newsroom Research and consulting firm GlobalData said in a report it expects that an average capex of US$ 18.2 billion per year will be spent on 382 oil and gas fields in Brazil between 2018 and 2020. Capital expenditure…

Domestic Content At A Low Ebb

Redação Nov 7, 2014

Petrobras said the commitment to local content with the Brazilian federal government will not be compromised A survey conducted by a Brazilian equipment supplier indicates that 13 FPSOs with operations scheduled to begin…

Retroactive Waivers Denied

Redação Nov 7, 2014

In all, there were 37 cases, submitted between 2012 and 2014, for which waiver requests were submitted The Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) has signaled that it will not…

Less Production

Redação Nov 7, 2014

Gran Tierra did not produce at full capacity in the third quarter due to technical problems at the Rlam refinery. According to the company, the refinery's problems limited its ability to take delivery of oil…

Only Three Proposals For Rigs

Redação Nov 7, 2014

According to Petrobras, the procedures for executing the rig sales are now being carried out Only three rigs – P-1, P-IV and PV – drew industry attention at an international auction for the sale of…

Kangaroo Drilling Cleared

Redação Nov 6, 2014

The Olinda Star Rig (pictured) can drill in water depths of up to 1,100 m and drills wells to depth of up 7,500 m depth Yesterday (November 5), Brazil's environmental regulator, Ibama, authorized Karoon to…

Subsea Support

Redação Nov 5, 2014

The expectation is this and another tender for hiring an RSV will be launched into water at the beginning of next year Petrobras has begun soundings to charter a specialized vessel to conduct manifold installation…

New Oil Production Record

Redação Nov 5, 2014

Pre-salt production totaled 648,000 boepd, 0.2% more than in the month of August Oil production in the country in September posted the highest ever volume, of 2.358 million bopd. The result is 1.4% above August…

Marginal Areas In 13th Round

Redação Nov 5, 2014

The Eastern Margin of Brazil that extends from the states of Rio Grande do Norte to Rio Grande do Sul The National Agency of Petroleum (ANP) has approved the inclusion of areas with marginal accumulations in the…

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.