(PetroleoHoje) McDermott will be responsible for the campaign to replace part of the flexible risers in the Tupi field with rigid lines. After months of negotiations, the company and Petrobras reached an agreement to contract the service, after the group presented the lowest price in the oil company's bid. Officially, the two companies do not... Continue Reading →
3R Petroleum in the 17th round of the ANP
(epbr) The ANP's Special Bidding Commission approved the registration of 3R Petroleum in the 17th bidding round, scheduled to take place on October 7th. The Round will offer exploratory blocks for oil and gas in the Campos, Santos, Potiguar and Pelotas basins. -- 3R's entry into the auction may indicate a broadening of focus on... Continue Reading →
Brazil FX helped by solid trade surplus as domestic tensions intensify
(Reuters) - Brazil's real , will continue to get some aid this year from solid trade surpluses and further interest rate hikes that should help avoid bigger losses for the currency as domestic tensions intensify, a Reuters poll showed. The real has been rangebound, trading 4.90-5.40 against the U.S. dollar for roughly three months, while... Continue Reading →
Petrobras on co-participation in the costing of the health plan
Petróleo Brasileiro S.A. – Petrobras informs that the Brazilian Congress approved yesterday the Legislative Decree that suspends the effects of CGPAR Resolution No. 23, a rule that was in effect since January 26, 2018 and established, among other issues, guidelines and parameters for the federal state-owned companies' funding of employees' health care benefits. The health... Continue Reading →
Eight companies registered so far for the 17th Bidding Round
(TNPetroleo) Wintershall Dea do Brasil Exploration and Production Ltda. is the eighth company registered for the 17th Bidding Round for the exploration and production of oil and natural gas, scheduled for October. 92 blocks with exploratory risk will be offered, with a total area of 53,93 thousand km², located in 11 sectors with high potential... Continue Reading →
Enauta may be closer to being able to bring two new partners to the Atlanta project
(PetroleoHoje) The oil company advanced with the field's farm-out process, selecting non-binding proposals from Karoon and Harbour, which continue in negotiation as preferred bidders. Atlanta's bids were received early in early August. Karoon and Harbor non-firm offerings have individual 30% stakes. From now on, the two groups will start due diligence. The delivery of binding... Continue Reading →
MUBADALA FUND CREATES ACELEN COMPANY TO BE OWNER OF THE LANDULPHO ALVES REFINERY (RLAM) SOLD BY PETROBRAS
(PetroNoticias) The future owner of the Landulpho Alves Refinery (RLAM) will be called Acelen. The new company was created by the Mubadala Capital fund, which signed a refinery acquisition contract with Petrobras in March, and is expected to take over the asset when the purchase process is completed, which is subject to some precedent conditions,... Continue Reading →
Brazil GDP slips as second COVID-19 wave stalls recovery
(Reuters) - Brazil's economy contracted slightly in the three months to June, government statistics agency IBGE said on Wednesday, stalling more than expected as a second wave of the pandemic hurt demand. The 0.1% decline in Brazil's gross domestic product from the prior quarter was worse than the median forecast for 0.2% growth in a... Continue Reading →
DOF’s Skandi Achiever DSV to Stay with Petrobras Until 4Q 2022
Norwegian offshore vessel operator DOF Subsea has won more work in Brazil with Petrobras. After a recent three-year contract secured for a pipelay support vessel duo co-owned with TechnipFMC, DOF Subsea said Thursday it had secured a contract extension with Petrobras for the diving support vessel Skandi Achiever. The extension will see the Skandi Achiever... Continue Reading →
Brazil minister warns of deeper energy crisis amid worsening drought
(Reuters) - Brazil's Mines and Energy Minister Bento Albuquerque on Tuesday warned that the country's energy crisis was worse than previously thought, as a record drought hampers hydropower generation. In a televised national address preempting the nightly news, Albuquerque said that the crisis had deepened. Water reserves at hydropower plants have already fallen to their... Continue Reading →
Brazil Energy Insight 