Chaired by the president of the Chamber of Deputies, Rodrigo Maia, the discussion about the end of the production sharing model, the president of Shell in Brazil, André Araújo, argued that the offer of geologically attractive areas and fiscal conditions are the main pillars for an attractive regulatory framework for oil companies. Araújo spoke exclusively... Continue Reading →
CNPE approves local content for the 4th Round of Bids in the Pre-Salt and the 15th Round of Concessions
For ground blocks the minimum percentage of mandatory local local content shall be 50% for the exploration phase and 50% for the development stage. For blocks in the sea, the minimum percentage of global mandatory local content will be 18% for the exploration phase. For the macro-groups of the development stage the percentages will be:... Continue Reading →
ENSEADA DELIVERS HULLS OF FOUR PLATFORMS AND WILL FOCUS ON THE FPSO MARKET
November 10, 2017 By Davi de Souza (davi@petronoticias.com.br) – With an investment of R $ 3 billion over the last few years, the Enseada shipyard already looks at its strategic planning to take important new steps. The company recently delivered the P-74, P-75, P-76 and P-77 hulls, which are now being completed at its integrating... Continue Reading →
Bassoe: Zombie offshore rigs don’t threaten rig supply
Some of them are walking dead, but old rigs aren’t coming back to get us. One of the hottest issues in the offshore rig market is rig competitiveness. You see it in investor presentations as a key point to support companies with fleets of newer rigs, and most rig utilization tables filter out to some... Continue Reading →
Total buys Engie’s upstream LNG business for $1.5 billion
French oil major Total has signed a deal with its compatriot Engie to buy Engie’s of upstream liquefied natural gas (LNG) business for $1.49 billion. This portfolio includes participating interests in liquefaction plants, notably the interest in the Cameron LNG project in the US, long term LNG sales and purchase agreements, an LNG tanker fleet as... Continue Reading →
As Oil Prices Rise, Global Majors Eyeing Mexico’s Deep Waters
The who’s who of the oil world -- led by Exxon Mobil Corp and Royal Dutch Shell Plc, the world’s two biggest drillers by market value -- are lining up to bid in the country’s Jan. 31 deep-water auction. And the interest is international in scope, drawing Chevron Corp. from the U.S., the U.K.’s BP Plc, Norway’s Statoil ASA,... Continue Reading →
Former Oil Service CEO Pleads Guilty in Petrobras Scandal
A former CEO of oil-services company SBM Offshore NV pleaded guilty Thursday to charges related to the Petrobras corruption scandal in Brazil as the U.S. steps up its pursuit of individuals over corporate misdeeds. The former executive, Anthony Mace, appeared Thursday in federal court in Houston, where he admitted to conspiring to violate the U.S. Foreign Corrupt... Continue Reading →
15th Bidding round will take place on March 29, 2018; and the 4th round of bids of the pre-salt, on June 7, 2018
Thursday, 09 November 2017 17:12 The National Energy Policy Council (CNPE) approved on Thursday, in an extraordinary meeting, the holding of the 15th Round of Bids for Exploratory Blocks, under the concession regime, on March 29, 2018, and the 4th Round of Bids, under the production sharing regime, on June 7, 2018. In the 15th... Continue Reading →
Exclusive: Venezuela’s PDVSA misses debt payments to India’s top oil producer
Venezuelan state oil-firm PDVSA has not made debt payments to India’s top oil producer ONGC (ONGC.NS) for six months, and has previously used a Russian state-owned bank and another Indian energy company as intermediaries to make payments, two sources familiar with the transactions said on Wednesday. Read more
The Dollar Is Now More Correlated With Oil Than Some Petrocurrencies
As the petrocurrencies of the world break their historic link with oil, the greenback is building a relationship with the commodity that it isn’t supposed to have. Crude oil’s more than 9 percent surge since Oct. 25 has been mirrored by a 1.3 percent advance in the dollar against major world currencies, widening the pair’s 90-day correlation... Continue Reading →
Brazil Energy Insight 