Four companies, Add Energy, Transborders Energy (TBE), TechnipFMC, MODEC have teamed up to create what they say is unique and fast deployment business model for the FLNG (floating liquefied natural gas) industry that will free up small-scale stranded resources around the world and establish a new concept in global gas field development. According to Add Energy,... Continue Reading →
Spectrum starts 2D seismic shoot off Brazil
Multi-client seismic data specialist Spectrum has announced the beginning of a 6,000 km multi-client 2D seismic survey covering the Ceara Basin within the Equatorial Margins of Northern Brazil. The Ceara Basin contains sectors of the 15th licensing round. The survey is being carried out in partnership with BGP Marine. Data is being acquired with a 12,000... Continue Reading →
Subsea 7 says no to Baker Hughes takeover
According to the Wall Street Journal (WSJ), Baker Hughes, a GE company, has held talks to acquire subsea services contractor Subsea 7. The WSJ cited people close to the matter which claimed that negotiations broke down over valuation. Even though initial negotiations broke off, one of WSJ’s sources stated that Baker Hughes and Subsea 7... Continue Reading →
Brazil court freezes ex-leader Rousseff’s assets over 2006 refinery deal
Brazil’s federal audit court on Wednesday ordered a freeze of former President Dilma Rousseff’s assets as well as those of José Sérgio Gabrielli, ex-head of state-run oil company Petrobras, over a $580 million loss in the 2006 purchase of a Texas refinery. Read more
Brazil to ramp up oil production before ‘renewable era’ hits: official
- Brazil plans to boost oil exploration and production to seize on its reserves before the world enters the “renewable era” and other technologies hurt demand for the fossil fuel, Deputy Energy Minister Paulo Pedrosa told Reuters on Wednesday. Read more
After delivery of the MV29, Brasfels focuses on the integration of the P-69 and services for QGOG
After delivery of the Campos de Goytacazes MV29 Floating Production, Storage and Transfer Unit (FPSO) to Modec, Brasfels works on the integration and commissioning of the FPSO P-69, due to be delivered in 2018. The shipyard in Angra dos Reis (RJ), will work on the semi-submersible drilling platform Alpha Star, from Queiroz Galvão Oil and... Continue Reading →
COURT AUTHORIZES PETROBRAS SALE OF CARCARÁ TO STATOIL
Oct, 2017 Petrobras won an important victory for its divestment plans. The 4th Regional Federal Court of the 5th Region (TRF), in Recife, gave the green light for the state company to sell the 66% stake in the block BM-S-8 (Carcará) to the Norwegian Statoil. The court analyzed an appeal filed by the... Continue Reading →
Petrobras – Clarification on injunction suspending the assignment of participation of the Iara and Lapa fields to Total
Rio de Janeiro, October 11, 2017 - Petróleo Brasileiro SA - Petrobras, in relation to the news published in the media, on the decision of the 3rd Federal Court of Sergipe that granted an injunction, in a popular action, determining the suspension of the assignment of 22 , 5% of Petrobras' stake in the Iara... Continue Reading →
Petrobras – PetroquímicaSuape and Citepe sale process – General Superintendence of the Administrative Council for Economic Defense (CADE) Opinion
Rio de Janeiro, October 11, 2017 - Petróleo Brasileiro S.A. – Petrobras, pursuant to the material facts disclosed on 12/28/2016 and 3/27/2017, concerning the sale process of PetroquímicaSuape and Citepe, Petrobras wholly-owned subsidiaries, to Alpek, informs that the General Superintendence of the Administrative Council for Economic Defense (CADE) published a dispatch yesterday declaring the Act... Continue Reading →
Brazil congressional report recommends shelving Temer charges
BRASILIA (Reuters) - A Brazilian congressional report recommended on Tuesday that President Michel Temer should not face trial for obstruction of justice and membership in a criminal organization, arguing that the charges against him were unfounded. Read more
Brazil Energy Insight 