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August 9, 2017 By Luiz Ehlers (EnergyWay) As reported by the newspaper O Globo, none of the wells committed in the 13th Round of Bidding have not been drilled due to environmental issues. It also highlighted that there is a paralyzed investment of around US $ 5 billion in these activities. THE LITTLE SATISFACTORY RESULTS... Continue Reading →
Eni Norge, a Norwegian subsidiary of the Italian oil giant Eni, has joined the Siemens Subsea Power Grid joint industry program (JIP). Siemens said on Monday that its subsea department was developing a complete subsea power network with a group of partners, led by Chevron and including Statoil, Exxon, and Petrobras. Read more
Dutch FPSO specialist SBM Offshore has raised the expected revenue forecast for the full year 2017 on the back of the gradual recovery seen in the oil and gas industry. “As expected, the industry is witnessing a gradual recovery. Although significant decreases in project break-even prices are making deep water more competitive, our clients remain... Continue Reading →
KUALA LUMPUR (Aug 10): National oil firm Petroliam Nasional Bhd (Petronas) is among the first batch of oil majors approved by the the licensing committee of Brazil's hydrocarbons regulator ahead of the country’s 14th licensing round for oil and gas concessions, scheduled for 27 September. Energy portal Upstreamonline this morning reported that the 14-strong list... Continue Reading →
When former Brazilian President Dilma Rousseff's government repeatedly missed its fiscal targets, investors fled the country. Now that her successor, Michel Temer, seems poised to do the same, financial markets appear unperturbed. Finance Minister Henrique Meirelles is expected to announce in the coming weeks a wider budget deficit goal for 2017 as a slower-than-expected economic... Continue Reading →
Brazil's Petroleo Brasileiro SA has been authorized to export idle liquefied natural gas (LNG) in the spot market, according to the Wednesday issue of the official gazette. According to the text, Petrobras has been given the green light to export up to 6.6 million cubic meters, assuming this would not result in supply problems for... Continue Reading →
09/08/2017 Odebrecht is changing the names and logos of all its companies this month as part of a strategy to distance itself from corruption with Petrobras, which revealed that the company paid billions in bribes. The name of the group will not change, but will be removed from all companies, such as "Odebrecht Oil... Continue Reading →
09/08/2017 Suretank Latin America has entered into a partnership agreement with Pinamak in the quest to reduce operating costs in transporting chemicals to offshore platforms in Brazil. The partnership between Suretank, a leading manufacturer of offshore chemical tanks, and Pinamak, an offshore logistics company with a long-term presence in the Campos Basin, marks a... Continue Reading →
Nicolas Maduro was in his element, flanked by an enormous Venezuelan flag, beneath a portrait of Simon Bolivar on horseback, in front of a statue of Hugo Chavez, praising foreign companies wise enough to make deals with what he called “our beloved PDVSA.” That would be Petroleos de Venezuela SA, the state-owned oil giant struggling to... Continue Reading →
Oil extraction in Brazil's promising pre-salt offshore wells costs about $8 per barrel, Petroleo Brasileiro SA Chief Executive Officer Pedro Parente said at an event in Sao Paulo on Tuesday. Discovered only 10 years ago, the pre-salt area has rapidly become the top priority for Petrobras and other oil majors holding exploration rights to some... Continue Reading →
Brazil Energy Insight 