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Five Japanese firms have teamed up to build an FPSO to be chartered to the Brazilian oil company Petrobras. Mitsui, MOL, Marubeni, and Mitsui E&S will invest in a long-term charter business currently promoted by the Japanese FPSO specialist MODEC, related to the provision of an FPSO for Petrobras’ Mero field offshore Brazil. Read more
Offshore engineering and construction specialist McDermott has made a step toward completion of the acquisition of CB&I. The company on Thursday announced the completion of the reverse split of its common stock and the expiration and results of its previously announced exchange offer for shares of Chicago Bridge & Iron Company N.V. (“CB&I”). Read more
Rio de Janeiro, May 8, 2018 - Petróleo Brasileiro S.A. - Petrobras reports that it received the Official Letter No. 189/2018/CVM/SEP/GEA-1, which requests the following clarification: Official Letter No 189/2018/CVM/SEP/GEA-1 "Dear Officer, 1. We refer to the news published on 05.05.2018 in the newspaper “O Estado de São Paulo,” Business section, entitled "Engie becomes the... Continue Reading →
Danish shipping giant Maersk Group might not sell its drilling division Maersk Drilling in 2018, as previously planned. According to a Reuters report on Wednesday, the Danish company which has so far offloaded Maersk Oil and Maersk Tankers might wait some more with the divestment of its offshore drilling business. Read more
Energy intelligence group Westwood feels that now is the best time to explore for oil and gas in the last decade. In an article written as an introduction to its State of Exploration report, Westwood said renewed optimism was the theme for exploration in 2018, driven by higher oil prices and improving exploration performance. Read... Continue Reading →
May 10, 2018 PGS Offshore is licensing two campaigns to acquire non-exclusive seismic data in the Campos and Santos Basins. The campaigns cover the areas auctioned in round 14 and round 15 of the ANP, held in September last year and in March this year. In the two auctions 21 blocks were bought in the... Continue Reading →
Petrobras has launched a tender to contract operation and maintenance services for advanced bases for emergency response in the Manati field in the Camamu Basin in Bahia. The scope includes the operation of six hydrocarbon spill response bases on the PMNT1 platform, the Manati gas pipeline and its shore-based support vessels. Among them are one... Continue Reading →
Rio de Janeiro, May 9, 2018 – Petróleo Brasileiro S.A. – Petrobras, further to the press release disclosed on 12/19/2017, informs the beginning of negotiations with Acron, with exclusivity for a period of 90 days, related to the sale of its total stake in Araucária Nitrogenados SA (Ansa) and the sale of its Nitrogen Fertilizer... Continue Reading →
Every now and then, Anelise Lara has to pass a row of coffins laid out near Petrobras’s offices in Rio de Janeiro, where she runs the oil giant’s $21 billion divestment program. The caskets are a protest by workers fearful the assets she’s pushing to sell will go to foreign companies more focused on profits than... Continue Reading →
May 08, 2018 The initial Petrobras plans to put eight platforms in operation in 2018, could undergo its first changes. Production and technology development director Hugo Repsold said that there is a possibility that the P-68 platform will start operations only in 2019. Despite the likelihood of extending the deadline, the executive stated that... Continue Reading →
Brazil Energy Insight 