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A report by a nonprofit watchdog group critical of Exxon Mobil Corp's oil contract with Guyana has rekindled a debate over whether the deal is too generous to the company, just a month before a crucial presidential election. In a report published Monday, London-based anti-corruption group Global Witness said the U.S. oil major's 40-year deal... Continue Reading →
Demand from the world’s top oil companies for floating drilling units is set to rise through 2020 and 2021, according to Norwegian energy research and consultancy firm Rystad Energy. Rystad Energy said last week that the demand from the world’s top oil companies for floating drilling units had climbed steadily in the past two years... Continue Reading →
February 1, 2020 President Jair Bolsonaro last Friday (31) appointed executive secretary of the National Petroleum Agency (ANP) José Gutman as the first replacement in the event of a vacancy on the board of the regulatory body. The triple replacement list was instituted in the new General Law of Regulatory Agencies, sanctioned by Bolsonaro himself... Continue Reading →
Dutch FPSO provider SBM Offshore has launched a video of its first completed Fast4Ward FPSO hull arriving in Singapore. As previosuly reported, the hull reached Singapore in mid-January 2019. SBM Offshore said that the Fast4Ward MPF hull had arrived at Keppel in Singapore following its journey of 2,300 nautical miles from the Shanghai Waigaoqiao Shipbuilding and Offshore... Continue Reading →
February 3, 2020 Petróleo Brasileiro SA - Petrobras, in relation to the news published in the media, concerning the sale of its 51% stake in Petrobras Gás SA (Gaspetro), clarifies that the sale model of the subsidiary is not yet defined. Petrobras, within the scope of its active portfolio management, has already started studies for... Continue Reading →
Feb 1, 2020 Petrobras has already redirected the P-70 to the area where it will be anchored in Guanabara Bay to wait for the necessary authorizations before proceeding to the Atapu field, in the Santos Basin pre-salt. Due to the storm that hit the metropolitan region of Rio de Janeiro on Thursday night (01/30), the... Continue Reading →
February 3, 2020 Petróleo Brasileiro S.A. - Petrobras reports that it has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake of the Papa-terra field, located in deepwater in the Campos Basin. The teaser, which includes key information about the opportunity, as well as the eligibility criteria for selection of... Continue Reading →
The U.S. government is ready to help Brazil design more effective oil auctions, the U.S. secretary of energy said on Sunday, after the South American nation's attempt to sell tens of billions of dollars of production rights to private firms last year largely flopped. In November, Brazil, a staunch U.S. ally under far-right President... Continue Reading →
Tullow Oil's Orinduik Block offshore Guyana could hold 5,1 billion barrels of oil equivalent in Gross Prospective Resources, best estimate, according to Gustavson Associates, an independent third-party auditor. This is more than a billion-barrel increase previous estimate of Gross Prospective Resources of 3,981 MMBOE in March 2019, for the 1800km2 block sitting 170 km offshore... Continue Reading →
Two people connected to Singapore’s rig builder Sembcorp Marine have faced charges for money laundering and corruption related to a drilling rig construction contract with Brazil’s drilling contractor Sete Brasil. Sembcorp Marine said on Monday that the Ministério Público Federal in Brazil (MPF) had filed charges against Guilherme Esteves de Jesus (GDJ) for money laundering... Continue Reading →
Brazil Energy Insight 