OOS International said that the OOS Gretha completed the gangway lift on September 29 in the Campos Basin, offshore Brazil. According to the Dutch provider of offshore accommodation solutions, the gangway broke off several months ago and the client, Brazilian oil company Petrobras, requested that OOS International assists with the recovery. Before the lift,... Continue Reading →
Petrobras is notified of ANP’s decision on local content in Libra
Rio de Janeiro, October 5, 2017 – Petróleo Brasileiro S.A. - Petrobras informs that, as operator of the Libra Consortium, it has been notified by the National Petroleum, Natural Gas and Biofuels Agency (ANP) of its decision on the consortium´s request for local content exemption for the items and subitems related to the platform subsystem... Continue Reading →
ANP concludes analysis of the exemption request of the Libra consortium
Updated: Wednesday, October 04, 2017, 12:25 PM The ANP analysis was completed for the Libra Consortium's request for exemption from compliance with Local Content for the items and sub-items related to the UEP subsite of the Libra Pilot project. The request was based on the contractual forecast of excessive price, set forth in Clause 25.8... Continue Reading →
Brazil’s Meirelles has hired media team ahead of 2018 election: sources
Brazil’s Finance Minister Henrique Meirelles has hired social media experts to boost his image ahead of the 2018 election, three sources told Reuters on Wednesday, the strongest sign yet that the former banker is seriously eyeing a run for president. Read more
Bassoe: Offshore rig market to reach 85% utilization again
High rig utilization isn’t just a dream. It’s a requirement for a meaningful recovery in dayrates. When utilization in the offshore rig market reaches around 85%, dayrates start to rise significantly. As utilization moves from 60%, for example, up toward over 80%, dayrates increase, but once 85% utilization is reached, dayrates normally kick into... Continue Reading →
Petrobras – Clarification on arbitration filed by minority shareholders
Rio de Janeiro, October 04, 2017 - Petróleo Brasileiro S.A. - Petrobras, in relation to the news published in the media about the arbitration filed by minority shareholders at the Arbitration Panel of B3, clarifies that no pension fund is part of the list of claimants, and that it is a proceeding filed by a... Continue Reading →
Scatec Solar and Statoil to establish partnership in Brazil
4.10.2017 Stock Exchange Notice Oslo, October 4, 2017: Scatec Solar ASA (SSO) and Statoil ASA (STL) have agreed to establish a 50/50 Joint Venture to build, own and operate large scale solar plants in Brazil. The Joint Venture has an ambition to become a significant player in the Brazilian solar market. "The potential for solar energy... Continue Reading →
Private Oil Made a Big Find in Mexico. Now State Oil Wants a Cut
When private drillers struck oil off Mexico’s coast this year, they didn’t anticipate sharing it with the state oil company. It looks like they’ll have to. The discovery of as much as 2 billion barrels in July, by a group led by Houston-based operator Talos Energy LLC, grabbed the oil world’s attention. Mexico’s energy reformers celebrated. It was... Continue Reading →
Ten companies are qualified for the 2nd Round of the Pre-salt and fourteen for the 3rd.
Updated: Tuesday, 03 October 2017, 09:52 The Special Bidding Commission (CEL) concluded the analysis of requests from companies that expressed interest and requested qualification in the 2nd and 3rd Pre-Salt Rounds, which will be held on October 27. Ten companies are qualified for the 2nd Round of the Pre-salt and fourteen for the 3rd. There... Continue Reading →
Brazil’s Dicey Politics Have Traders Piling Into Election Hedges
Brazilians may be a year away from voting for their next president, but investors are already plenty worried. Measures of implied volatility for the currency show traders pricing in big swings around the October 2018 vote, even as calm pervades in the near term. The split has taken the ratio between one-year and six-month implied... Continue Reading →
Brazil Energy Insight 