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The Special Bidding Commission approved the registration of BP, Petroil and NTF Óleo e Gás in the permanent supply of areas for exploration and production of oil and natural gas made by ANP. The Permanent Offer Auction has 630 areas for companies to express interest, being 616 blocks and 14 areas with marginal accumulations. With... Continue Reading →
3/28/2019 Eni has put into operation a hybrid pilot plant to generate energy from waves and sunlight. The unit was installed in the industrial district of Ravenna, province of Italy, where the Italian oil company has an upstream center, to meet the demand for offshore installations. The company's goal is in the future to use... Continue Reading →
3/28/2019 Elfe was the winner of a Petrobras bid to contract construction and assembly services for platforms managed by their Espírito Santo Operational Unit (UO-ES). As published, the lowest price presented in the tender was offered by Tecvix Planejamento e Serviços Eireli, but the company was disqualified because it did not meet economic, technical and... Continue Reading →
3/28/19/19 Rolls-Royce has signed an agreement with Brazil's Amazonica Energy to develop natural gas fueled barges and tugs to be used in the commercialization of LNG in the North of the country. The partnership will be made through the German MTU subsidiary Rolls-Royce. Investment in vessel development will be $ 2 million. In all, in... Continue Reading →
March 28, 2019 Based on geological studies that show great potential for oil reserves, the government is considering offering, for the first time, exploratory blocks beyond the limits of 200 nautical miles (about 370 kilometers) established by the United Nations as its continental shelf. Since 2004, Brazil has tried to expand these limits in the... Continue Reading →
Rio de Janeiro, March 28, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that yesterday it signed a Revolving Credit Facility - RCF in the amount of US$ 3.25 billion, maturing in March 2024, which may be extended for up to two years. The contract, signed with 18 banks, allows the company to make withdrawals... Continue Reading →
Offshore is ready for the limelight again. After years in the shadow of the U.S. shale patch, deep-water explorers from Royal Dutch Shell Plc to Talos Energy Inc., along with contractors such as Ensco Plc and TechnipFMC Plc, told investors at the Scotia Howard Weil Energy Conference in New Orleans this week they see a revival coming. That was a stark... Continue Reading →
March 27, 2019 Expectation is that at least two rig operators present offers for the company in judicial recovery Prices below the minimum value of US $ 554 million, few proponents and many conditions. This is the view of the market in relation to the sale of the four rigs of Sete Brasil - Arpoador,... Continue Reading →
PetroRio is now awaiting internal and external approvals to complete the acquisition of the share of Frade Japan in the field The Administrative Council for Economic Defense (Cade) has approved the purchase of Chevron's stake by PetroRio in the Frade field in the Campos Basin. As a result, the Brazilian became the operator of the... Continue Reading →
March 27, 2019 The Ministry of Mines and Energy receives five more oil companies on Wednesday the 27, to discuss the auction of the Transfer of Rights surplus - it is the continuation of the roadshow in which some rules and the profile of opportunities are being presented. - Participants, in individual meetings, the executives... Continue Reading →
Brazil Energy Insight 