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Tanker operator AET has won a long-term deal with the Brazilian oil company Petrobras for the charter of three shuttle tankers that will offload oil from Petrobras' offshore oil platforms and FPSOs. AET said Thursday the long-term charters would be for three Suezmax class Dynamic Positioning Shuttle Tankers (DPSTs). Continue reading
A former trader at oil firm Petrobras has signed a plea bargain agreement with Brazilian prosecutors investigating bribery allegations, defense lawyers and prosecutors said, a potential breakthrough in a case involving some of the world’s top commodity trading houses. Rodrigo Garcia Berkowitz, who was a trader at Petrobras’ Houston office until he was charged with... Continue Reading →
Feb 04 ,2020 A Petrobras, following up on the press release disclosed on 01/17/2020, informs the beginning of the binding phase related to the sale of 100% of the shares held by Petrobras Uruguay Sociedad Anónima de Inversiones (PUSAI), a subsidiary of Petrobras, in Petrobras Uruguay Distribuición S.A. (PUDSA). Potential buyers qualified for this phase... Continue Reading →
Petroleo Brasileiro SA is starting this decade much the same way it started the last: with a highly anticipated share sale. The similarities end there. Back in 2010, Petrobras was a booming oil powerhouse with ambitions to more than double output and cement its monopoly on a massive offshore oil discovery. In 2020, it is a scandal-scarred... Continue Reading →
Tullow Oil plans to cut a third of its staff to slash its administration costs by a fifth, or around $20 million, a source with direct knowledge of the matter said, after weak output in Ghana, delays in East Africa and lower-than-hoped-for oil quality in Guyana. The move would shrink Tullow, which industry sources told... Continue Reading →
The majority of high impact offshore exploration wells in 2020 will be drilled in Africa and the Americas, Rystad Energy, an energy research group based in Norway has said. Rystad Energy rates wells as high-impact by an assessment of several factors. These involve the size of the prospects, hydrocarbon play-opening potential in frontier or emerging... Continue Reading →
February 5, 2020 If regulatory and economic conditions are not created quickly, Brazil will renounce a fundamental energy source Today the world is going through an energy transition phase, where the trend is the growth of renewable energy sources (water, wind, solar, waves, currents), with the progressive replacement of fossil energy sources (coal, oil and... Continue Reading →
GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador, today announced the discovery of the new Jauke Oeste gas field in the Fell block (GeoPark operated, 100% WI) in Chile. GeoPark... Continue Reading →
Japan’s MODEC has awarded Norway’s Aibel a letter of intent (LOI) in connection with MODEC’s supply of a newbuilt FPSO to Equinor for the Bacalhau field in Brazil. MODEC has recently signed a sales and purchase agreement with Equinor to supply a floating production storage and offloading (FPSO) vessel for the Bacalhau (formerly Carcará) field offshore... Continue Reading →
Danish offshore driller Maersk Drilling recorded a net loss in 2019 and a decrease in revenues due to lower dayrates and higher financial expenses compared to the previous year. For the full year 2019, Maersk Drilling posted revenues of $1.2 billion, a decrease from revenues of $1.4 billion in 2018. The revenues were 14% lower... Continue Reading →
Brazil Energy Insight 