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Offshore drilling company Ensco has raised its offer for rival Rowan Companies, offering an increase in the exchange ratio for its all-stock combination with Rowan. The increased offer comes a week after it was announced that one of Rowan’s major shareholders, Canyon Partners, would oppose the merger saying the deal significantly undervalues Rowan. Ensco on... Continue Reading →
Rio de Janeiro, January 14, 2019 - Petróleo Brasileiro SA - Petrobras, following the press released on 12/20/2018, informs that the injunction rendered by Minister Marco Aurélio Mello on December 19, (ADI No. 5942), was suspended by the President of the Federal Supreme Court, Minister Dias Toffoli, until its judgment by the plenary. In this... Continue Reading →
16th round of bids and 6th pre-salt auction are the first competitions that will be made in the Bolsonaro government The ANP scheduled for October and November the 16th round and 6th pre-salt auction, respectively. The information is from the director general of the agency, Décio Oddone. The 16th round will offer 42 offshore... Continue Reading →
Petrobras is seeking a partner to develop the production of its deepwater projects in the state January 13, 2019 The decision of STF President Dias Toffoli to overturn the injunction granted by Minister Marco Aurélio de Mello that suspended the effects of Decree 9.355 / 2018 and made it difficult to sell Petrobras assets releases... Continue Reading →
President of the Federal Supreme Court annulled the decision of the Minister Marco Aurélio de Mello that suspended decree edited by Michel Temer January 12, 2019 The president of the Federal Supreme Court (STF), minister Dias Toffoli, overturned on Saturday the decision of Minister Marco Aurélio de Mello that suspended the effects... Continue Reading →
Commodities trader Trafigura [TRAFGF.UL] has refused a judge’s order to hand over the email archives of two former executives in Brazil who are facing corruption charges over accusations they bribed officials at state-run oil firm Petroleo Brasileiro. Brazilian federal prosecutors on Friday demanded in a court filing that the Switzerland-based firm preserve the emails. They... Continue Reading →
Top executives from Halliburton, PetroRio and Porto do Açu Operacoes will assemble Feb. 20-21, 2019 to address a wide array of international and Brazilian delegates at Global Offshore Brazil Summit. Key agenda topics include Strategies for Mature Fields and Enhanced Recovery Techniques, with a particular focus on improving reservoir exposure from Halliburton’s Technology Manager, Andy Grossman.... Continue Reading →
CGX Energy and Frontera Energy Corporation have amended a letter agreement to extend the time of launch of the equity financing in the amount of approximately $20 million. Frontera said on Friday that the launch would occur on or before February 6, 2019, and anticipated to be completed on or before March 15, 2019, subject... Continue Reading →
January 11, 2019 - Ibama's Environmental Protection Directorate (Dipro) will be headed by Olivaldi Alves Borges Azevedo). It is the board responsible for inspection and environmental emergencies, for the authorization for maritime transport of dangerous products (TPP) and that analyzes the requirements of transfer of oil cargo and offshore products, ship-to-ship operations. Olivaldi replaces Luciano... Continue Reading →
Announcing the deal on Thursday, Seacor Marine said it had operated the acquired vessels for the past ten years under a revenue sharing pooling agreement along with four of its owned FSVs of similar specification. As part of the transaction, this pooling agreement was terminated. Seacor explained that this would eliminate a negative adjustment in... Continue Reading →
Brazil Energy Insight 