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Offshore driller Noble Corporation has won a contract for its drillship Noble Tom Madden with ExxonMobil in Guyana. Noble said in its fleet status report published on Monday, the 2014-built Noble Tom Madden drillship had been awarded a one-year contract with ExxonMobil in Guyana. The contract duration is from mid-February 2019 to mid-February 2020. The rig’s... Continue Reading →
Rio de Janeiro, January 7, 2019 - Petróleo Brasileiro S.A - Petrobras, in addition to the press release disclosed on January 4, 2019, informs that its CEO Roberto da Cunha Castello Branco, finalizing the changes proposed in his current Executive Board, appointed Mr. Carlos Alberto Pereira de Oliveirato to the Exploration and Production Executive Office.... Continue Reading →
Common shares in state-controlled oil company Petroleo Brasileiro SA rose 5.5 percent in Sao Paulo after a newspaper reported the government will pay $14 billion to the company to settle a dispute about a so-called transfer of rights area off the Brazilian coast. The Brazilian newspaper Valor Economico, which did not say how it obtained... Continue Reading →
Forum Subsea Technologies has introduced an electric remotely operated vehicle (ROV) to drive cost efficiencies for the subsea sector. The recently launched XLe Spirit is the first observation-class ROV to utilize Forum’s Integrated Control Engine (ICE) to bring greater functionality. Continue reading
JANUARY 7, 2019 SAO PAULO (Reuters) - The head of Brazil’s environmental protection agency Ibama resigned on Monday after far-right President Jair Bolsonaro criticized the amount of money the unit spends to rent vehicles in his latest attack on the agency. Suely de Araujo had been leading the agency since 2016. An Ibama spokeswoman said... Continue Reading →
RIO DE JANEIRO, BRAZIL – JANUARY 7, 2019 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announced today the final results of its previously announced debt tender offers. As of 11:59 p.m., New York City time, on January 4, 2019 (the “Expiration Date”) holders of: (i) US$1,065,388,000 principal amount of the outstanding notes of... Continue Reading →
1/7/19/19 Petrobras has launched a tender to hire drill bits. The announcement, which is available at the state-owned procurement portal (Petronect), provides for the supply of 282 drill bits for projects in Espírito Santo and Northeast. The tender is divided into 11 lots, with quantities ranging from one to 90 drill bits for delivery to... Continue Reading →
1/7/2019 Rio de Janeiro, January 7, 2019 - Petróleo Brasileiro SA - Petrobras reports the actions taken as a result of the oil leak that occurred on January 2 in one of the tanks of the FPSO Cidade de Rio de Janeiro, a unit chartered by the company and operated by Modec do Brasil, in... Continue Reading →
Jan. 4, 2019 The year begins with important discoveries in the pre-salt. Petrobras and Equinor have informed the National Petroleum Agency (ANP) that they have found signs of hydrocarbons in Peroba and Carcará. The first field is operated by the Brazilian company, while the second belongs to the foreign oil company. In the case of... Continue Reading →
FPSO operator BW Offshore has signed an agreement with PetroRio for a one-year extension for the lease and operation of FPSO Polvo operating offshore Brazil. BW Offshore said last Friday that the firm period had been extended from the third quarter of 2019 to the third quarter 2020, with options until 3Q 2022. Continue reading
Brazil Energy Insight 