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(Reuters) Latin America's oil frontiers are back in the spotlight with auctions coming up in Brazil, Guyana, and the Andean region that are expected to attract bids from major oil firms despite a global call to end fossil fuel development. Brazil is set to receive bids on Friday for offshore oil reserves that analysts say are some of the most promising... Continue Reading →
Oslo-based subsea well intervention and installation services company AKOFS Offshore last week scored a three-year deal with Brazil's Petrobras for its vessel Skandi Santos. Under the contract, the Skandi Santos will perform a broad scope of subsea services in Brazil, and IKM Subsea will take care of ROV services. Bravante will be responsible for marine services.IKM Subsea... Continue Reading →
The active portfolio management developed by Petrobras in 2021 resulted in the company's cash inflow of approximately US$4.8 billion by December 7th. These resources, which are essential for the company to be able to invest in assets that provide greater returns, are the result of the signing of the sale of 17 assets and the... Continue Reading →
(OE) Swarm behavior of underwater vehicles has long been on the wish list. Couple that with collecting seismic data and you have an interesting challenge. The seismic industry has a track record for innovation – Blue Ocean Seismic Services is taking on the latest challenge. Seismic data acquisition isn’t perhaps at the top of... Continue Reading →
The Brazilian group CBO announced this week the acquisition of another vessel to compose its offshore support fleet. The new vessel was built in 2011 and will be named CBO Wave. In addition, the vessel already has a signed contract to operate with Petrobras between 2022 and 2025. The CBO Wave is an RSV type... Continue Reading →
(Reuters) - A Brazilian police investigation of alleged bribery of Petrobras employees to fix the price of fuel sold to JPMorgan Chase & Co (JPM.N) by the state-run oil firm has expanded from one deal to at least four over the course of 2011, according to documents and two law enforcement officials. Previously unreported invoices related to... Continue Reading →
(Offshore) Wood Mackenzie’s Global Upstream Outlook 2022 predicts a 9% increase in investments next year to more than $400 billion. The consultants expect more than 40 projects with resources of more than 50 MMboe to be sanctioned, with low-breakeven, low-carbon deepwater projects dominating greenfield final investment decisions. Fraser McKay, vice president upstream research, said: “Companies will allocate... Continue Reading →
Petróleo Brasileiro SA – Petrobras, following up on the releases disclosed on 08/04/2021, 10/28/2021, and 11/19/2021, informs that it is carrying out today the payment of the 2nd installment of the anticipated shareholder remuneration for 2021. The gross amount distributed corresponds to the gross value of dividends and interest on equity (IOE) of R$ 3.250487... Continue Reading →
(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) is pleased to announce that it has entered into an extension of its well intervention charter and services contracts for the Siem Helix 2 offshore Brazil with Petróleo Brasileiro S.A. (Petrobras). The initial four-year contract for the Siem Helix 2 has been extended by one year at a reduced rate reflective... Continue Reading →
(Reuters) - Brazil's state-controlled oil company Petrobras (PETR4.SA) has raised prices at least once in the middle of the divestiture process of its largest refineries, frustrating some bidders and delaying the long awaited promise of breaking Petrobras' monopoly in refining, four sources with knowledge of the matter told Reuters. Bidders were surprised by what they describe as... Continue Reading →
Brazil Energy Insight 