Brought to you by Quest Offshore & Southern Cone Consultants
The board of the National Petroleum Agency (ANP) approved the sale of 50% of Barra Energia's stake in the Atlanta field, in the BS-4 block, to Enauta. With the endorsement in hand and the 100% share of the asset, the operator is now looking for new partners to proceed with the development of the area.... Continue Reading →
(Reuters) - Brazilian engineering group Novonor, formerly known as Odebrecht SA, said on Thursday it had resumed contacts with bidders to sell its controlling stake in petrochemical producer Braskem SA. Proceeds of the sale will pay the conglomerate’s creditors, mainly the largest banks, as set forth in agreements with creditors within the bankruptcy protection process.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras today announced the expiration and expiration date results of the previously announced cash tender offers by its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), with respect to any and all of PGF’s outstanding notes of the series set forth in the table below (the “Notes” and such offers, the “Offers”).The... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has signed, together with its indirect subsidiaries Breitener Tambaqui S.A. and Breitener Jaraqui S.A., a legal agreement for the receipt of amounts that they claim against Amazonas Energia S/A (debtor) and Centrais Elétricas Brasileiras S.A. - Eletrobras (jointly responsible). Also part of the agreement is the payment... Continue Reading →
Norwegian offshore vessel operator Solstad Offshore said Thursday it has won a two-year charter for one of its platform supply vessels in Brazil. The vessel, Normand Starling, will support Shell's activities in the Brazilian waters. The two-year contract is firm for two years, to April 2023 and starts in direct continuation of the current contract... Continue Reading →
Petrobras started a new exploratory campaign on the coast of Espírito Santo. The company started drilling a well in the offshore block ES-M-669, in a water depth of 2,366 meters, where it believes there is potential for pre-salt in the region. The ES-M-669 block was acquired during the 11th Bidding Round, held in 2013 by... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the production expected to start from Mero 1, through FPSO Guanabara, was postponed from the 4th quarter of 2021 to the 1st quarter of 2022. The FPSO will be installed in the Mero field, which belongs to the Libra Block, in the Santos Basin pre-salt area, with a processing... Continue Reading →
The production of Polo Macau, operated by 3R Petroleum in the Potiguar basin (RN), rose 5.3% in March, to 4,866 barrels of oil per day, according to preliminary and unaudited information from the oil company. The average production of natural gas, however, fell slightly, from 910 million cubic meters per day to 902 million m³... Continue Reading →
(Reuters) -A Canadian man once employed by the commodities trading house Gunvor Group pleaded guilty on Tuesday to involvement in what U.S. prosecutors called a scheme to bribe Ecuadorean government officials to win business from state-controlled oil company Petroecuador. Raymond Kohut, 68, entered his plea to a money laundering conspiracy charge before U.S. District Judge... Continue Reading →
XP analysts (NASDAQ: XP) reduced the maximum price estimate for the sale of six Petrobras refineries (SA: PETR4) by U$ 5.7 billion, when reviewing their calculations after the Landulpho Alves Refinery (Rlam), was sold for less than market expectations. In the new calculation, which considers some risks related to fuel prices for future refinery owners,... Continue Reading →
Brazil Energy Insight 