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(OE) A complete subsea factory may yet be a pipe dream. However, with its constituent parts now more or less ready, the industry has a much greater toolbox of technologies with which it can now apply to existing and new subsea developments. But is there willingness, even with the temptation of being able to reduce... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on September 8, 2021, informs the beginning of the binding phase referring to the sale of all its stakes in the Uruguá and Tambaú fields, belonging to the BS-500 concession, located in the Santos Basin, in the State of Rio de Janeiro. Potential buyers... Continue Reading →
Sapura will soon start the execution of a new contract signed recently with Petrobras. The shipping company will operate the PLSV Sapura Diamante vessel in the Santos basin, working mainly on the installation and recovery of flexible pipelines in ultra-deep waters until 2025. According to Sapura, the vessel loaded with around 3,000 tons of lines... Continue Reading →
(Reuters) - Brazilian President Jair Bolsonaro has repeated he is considering privatizing state-run oil company Petroleo Brasileiro (PETR4.SA), saying the company's insistence on passing on higher energy prices to consumers was giving him a "headache." Echoing comments he made earlier this month, as well as remarks as early as 2019 that he viewed the idea of... Continue Reading →
Keppel Offshore & Marine (KOM), a subsidiary of Singapore’s Keppel Corporation, is being sued by the eight funds managed by EIG Management Company, with a claim of almost $820m over the loss of an investment. The civil action by EIG Funds is being heard in the US District Court, Southern District of New York. In... Continue Reading →
(Reuters) - A Brazilian Senate investigative committee approved a report on Tuesday that calls for President Jair Bolsonaro to be indicted for nine crimes related to his handling of the coronavirus pandemic, including crimes against humanity. The report, which is more than 1,300 pages long and took the opposition-controlled committee about six months to prepare,... Continue Reading →
U.S. oil major ExxonMobil has awarded a two-year contract for Valaris' drillship Valaris DS-9 for operations in Angola. The drillship, formerly known as Ensco DS-9, will work for ExxonMobil's Angolan subsidiary Esso Exploration Angola. Delivered in 2015 by Samsung Heavy Industries in South Korea, the drillship is currently preservation stacked in the Canary Islands, Spain.... Continue Reading →
Petro Rio S.A. (“Company” or “PetroRio”), following best corporate governance practices, informs its shareholders and the market in general of the start of production of the TBMT-10H well, in the Tubarão Martelo Field (“TBMT”), with initial production of approximately 3,800 barrels of oil per day, still in the assessment period. The TBMT-10H well was drilled... Continue Reading →
(PetroleoHoje) Galp's recently acquired solar energy projects in Brazil should require investments between €500,000 and €700,000 per MW, informed the company's executive director, Andy Brown, at an investor conference on Monday. “But we expect to get 65%-70% financing as well, so the equity contribution is much smaller,” he said. Located in Bahia and Rio Grande... Continue Reading →
(PetroleoHoje) Schlumberger signed a contract with Petrobras to supply completion systems for 21 wells in pre-salt concessions. Installation of the systems is scheduled to start in the third quarter of 2022. The deal is the result of a public tender for the supply of direct hydraulic intelligent completion systems and selective lower completion systems. Petrobras... Continue Reading →
Brazil Energy Insight 