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Offshore driller Vantage Drilling sank deeper into the red in the last quarter of 2018 when compared to the prior-year period as its rig utilization and revenues dropped. The driller also revealed itself as the buyer of the Soehanah rig, increasing its jack-up fleet to five units. In its financial report on Thursday Vantage said... Continue Reading →
March 14, 2019 Funding of US $ 3 billion will reduce the cost of the state's total indebtedness Petrobras has taken advantage of the improvement in the international environment for Brazil - with a drop in the cost of CDS (credit default swaps) - to raise US $ 3 billion in bonds with maturities between... Continue Reading →
March 13, 2019 CGG began licensing a seismic data acquisition campaign that will last a year in the Santos Basin. Named as Santos Phase X Project, Antares will campaign for areas to be auctioned by the National Petroleum Agency at the 6th, 7th and 8th pre-salt auctions, scheduled to take place this year, 2020 and... Continue Reading →
Offshore driller Rowan Companies has been awarded a drilling contract for a jack-up rig with Repsol in Guyana. Rowan said on Wedensday it had signed a contract for the EXL II, a high-specification Super 116E Jack-up rig, for work in Guyana. The contract is for one well beginning in the third quarter of 2019 with... Continue Reading →
Australian oil and gas company Karoon, with assets in Australia, Brazil, and Peru, is setting itself for growth through asset acquisitions. In a letter to shareholders, the company’s new chairman Bruce J Phillips said that, after evaluating various options to boost returns for shareholders, the board has decided to press ahead with the acquisition of... Continue Reading →
EIG Global Energy Partners plans to bid for Petrobras’s TAG natural gas pipeline network as the Brazilian oil giant is giving bidders just another three weeks to raise their offers. The state-run company released details on the leading offer to the other two competing groups, and they’ll have until April 2 to come up with final bids, EIG... Continue Reading →
The Brazilian government and its state-controlled Petroleo Brasileiro SA have begun talks with “many actors” about steps to prevent regional monopolies after the oil company divests some of its refineries, Brazil’s minister of mines and energy said at an energy conference on Wednesday. Petrobras said last year it would sell some of its refineries in... Continue Reading →
03/03/19 Petrobras is expected to hire two new companies to provide emergency response services related to oil and oil spills in the country for the next four years. In a bid promoted by Petronect, only Navemestra Navegation Services and Suatrans Emergência had classified proposals. Navemestra was the only one classified in lots 1 and 3,... Continue Reading →
03/03/19 Volume extracted on land reached 236 thousand bopd in January, according to ANP data Oil and gas production in Brazil grew by 4% in January compared to the previous month, according to ANP data. The volume reached was 236 thousand boed, compared to 225 thousand boed in December, interrupting a downward movement in production... Continue Reading →
03/03/19 If confirmed, the study will mark the first disposal of deepwater equipment by the oil company. Petrobras plans to sell the Vitoria 10,000 deepwater drill ship, which was operated by the former Schahin - renamed Base - and was the subject of a lengthy legal process between the two companies. The divestiture of the... Continue Reading →
Brazil Energy Insight 