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Malaysia’s Yinson and Japan’s Sumitomo are planning to establish a joint venture firm for a supply of an FPSO for an offshore field in Brazil. The two companies, which in April 2018 entered into a memorandum of understanding to jointly pursue and collaborate in the leasing and operation of FPSOs, have now entered into a... Continue Reading →
U.S. oil company Noble Energy has acquired a 40 percent share in Shell’s offshore blocks in Colombia. Along with the stake, Noble Energy has also taken over operatorship over the COL-3 and GUA OFF-3 blocks covering around 880,000 hectares. President of the ANH, Luis Miguel Morelli said the Shell/Noble alliance was great news for the... Continue Reading →
Meeting in Brazil this week, auto executives from Toyota to GM talked up traditional fuel sources like ethanol, natural gas and diesel, underlining how South America’s protected auto market is likely to resist a broader global move toward electric vehicles for years to come. Even as automakers revamp their global businesses to focus on electric... Continue Reading →
RIO DE JANEIRO, BRAZIL – March 26, 2019 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announced today the early results of its previously announced debt tender offers (the “Waterfall Offers”). As of 5:00 p.m., New York City time, on March 25, 2019 (the “Early Tender Deadline”) holders of US$1,859,033,000 and €368,598,000 principal amount... Continue Reading →
March 26, 2019 According to Bento Albuquerque, the country needs to take advantage of the window of opportunity to attract investment The auction of the Transfer of Rights surplus, scheduled for October 28, will prevent Brazil from not attracting $ 7 billion in investments per year. The estimate was presented by Minister of Mines and... Continue Reading →
03/26/2019 Part of the Shell US $ 700 million Macae project will be invested in the construction of the Marlim Azul Thermoelectric Power Plant. The objective of the second largest offshore operator in the world is to create in Macaé the concept of integration between the oil and gas operation and the generation of electric... Continue Reading →
3/26/19 Petrobras registered a new discovery in the field of Jandaia Sul, in the Recôncavo Basin. Evidence of oil was found in well 7-JNDS-3DP-BA. The onshore field was acquired by Petrobras in the 12th Round of concessions, with 100% participation. In January, production of Jandaia Sul was 64 bopd and 351 m³ / d of... Continue Reading →
3/26/19 Ocyan has partnered with Canada's Tube-Mac to provide pipeline installation and assembly technology solutions to the offshore segment. The company has technology that allows the installation and assembly of pipes by cold and weldless connections. Abroad, the solution is used by Equinor, Shell, Chevron, Aker Solutions and NOV. The initiative of Ocyan is part... Continue Reading →
Rio de Janeiro, March 26, 2019 - Petróleo Brasileiro S.A. - Petrobras informs that yesterday its Executive Board approved a change in the frequency of diesel prices adjustment. Diesel prices at the company's refineries, which correspond to around 54% of the final consumer prices, will be adjusted by periods of not less than 15 days.... Continue Reading →
03/25/2019 Petrobras and Açu Petróleo (a partnership of Prumo Logística and Oiltanking) have signed a contract to carry out ship-to-ship operations at the company's Petroleum Terminal (T-OIL), located in the Açu Port Complex in northern Rio de Janeiro. The contract lasts 24 months and provides for up to 48 operations with Suezmax and VLCC (Very... Continue Reading →
Brazil Energy Insight 