PETROBRAS 1Q20 FINANCIALS: US$ 8.3 B Loss
The company wrote-off assets totaling US$ 13.4 B, leading to a non-recurring accounting impairment
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Petrobras Production: Up almost 10%
Oil company reported quarterly results of its upstream and downstream activities
Oil Reserves Rise Again In Brazil
The country now ranks 15th in the world, ending the year with 13.435 billion barrels
Petrobras Saves US$ 66 M with Enhanced Offload Management
An algorithm helps optimize planning, helping operational efficiencies and team integration
BP, Petrobras Reconfirm Strategic Alliance
The two oil companies officialized the E&P cooperation agreement agreed to last year
GlobalData: Brazil 2018-2020 Upstream Capex = US$ 18.2 B/Year
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…
GlobalData Energy: Brazil’s Upstream Capex To Be US$ 54 B by 2020
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
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
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
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
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
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…