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(PetroleoHoje) Azevedo & Travassos announced, on Friday (3/9), that it has taken another important step to acquire Heftos, a subsidiary of its competitor UTC, and all its assets in Macaé (RJ). The group contributed R$ 40 million through a court payment in favor of the Court of the 2nd Bankruptcy and Judicial Reorganization Court of... Continue Reading →
DOF Subsea has concluded the sale of the 2001-built construction support vessel (CSV) Skandi Neptune to an international buyer. The company will deliver Skandi Neptune to the buyer in Q3 2022 after the vessel completes its current commitments. DOF Subsea did not reveal further details about the price and the new owner. As reported in July, Skandi Neptune was mobilised for... Continue Reading →
Brazilian oil firm Enauta is again experiencing problems with the pump system at its Atlanta field offshore Brazil, with output from one well now interrupted. Enauta said that the output interruption occurred on Sunday, September 5. "At this moment, two wells are operational in the field, with a daily average production of nearly 14,000 barrels... Continue Reading →
The oil and gas industry in Brazil saw an expressive 700% growth in the number of mergers and acquisitions in the first half of the year compared to the same period in 2020. According to a survey carried out by KPMG, the sector had 16 operations in January and June 2021. Last year, at the... Continue Reading →
(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 →
(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 →
(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 →
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 →
(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 →
(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 →
Brazil Energy Insight 