Brought to you by Quest Offshore & Southern Cone Consultants
Oil and gas services firm SBM Offshore raised its full-year core profit guidance on Thursday on the back of a 23% increase in nine-month revenue and said it had started work on a pilot floating offshore wind project in France. The Dutch company, which supplies floating oil and gas production vessels, now expects 2020 earnings before interest,... Continue Reading →
While offshore Brazil, Guyana and to a lesser extent Suriname are gaining the lion’s share of attention when it comes to South American offshore oil, with opportunities opening-up in Colombia. The Andean country’s Caribbean coast is believed to hold considerable oil and natural gas potential. It was with much fanfare that Diego Mesa, Colombia’s Minister of Mines and... Continue Reading →
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), in compliance with article 157 of Law 6404/1976, with CVM instruction 358/2002, and article 26 of the Novo Mercado Regulation, announces to its shareholders and the market in that Mr. George Kassab has resigned from his position as Investor Relations Officer, for personal reasons. At a meeting... Continue Reading →
Mitsui evaluates to sell its 49% stake in Gaspetro, a holding company with a stake in 19 gas distributors in the country. Gaspetro is controlled by Petrobras, with 51%, a stake that is being sold by the state oil company. Value Information. - As a partner, Mitsui has preemptive rights in the purchase, but would... Continue Reading →
Brazilian offshore support vessel operator CBO has tasked maritime equipment manufacturer Wärtsilä, based in Finland, to convert one of its offshore vessels to operate with hybrid propulsion. The vessel selected for the upgrade is the 2012-built platform supply vessel CBO Flamengo. According to Wärtsilä, the CBO Flamengo will be the first vessel in Brazil and... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on July 21 and 29, August 26 and October 9, 2020, hereby informs that a judicial decision was issued at the end of yesterday, by the 5th Business Court of Rio de Janeiro, which annulled, due to serious flaws and improprieties, the partial sentence... Continue Reading →
A joint venture between Brazil’s Ocyan and Altera Infrastructure (formerly Teekay) has been awarded a contract by Karoon for the charter of the FPSO Cidade de Itajaí, which is operating on the Baúna field offshore Brazil. As previously reported, Karoon has finally taken over the operatorship of the Baúna field, located in the Santos Basin offshore Brazil.... Continue Reading →
Baker Hughes, Halliburton and Schlumberger signed Bacalhau well contracts with Equinor , in the Santos Basin pre-salt. According to the operator, the average local content is estimated at 74%. - The total value of the services is of the order of US $ 455 million, with a firm term of 4 years and two options... Continue Reading →
Ocean bottom seismic company Seabed Geosolutions said Monday it had secured a contract for a baseline 4D ocean bottom node (OBN) survey as well as a future 4D monitor OBN survey in Brazil for Petrobras, both covering the Sapinhoa Shared Reservoir in the Santos Basin. The baseline survey will use Eidesvik Offshore's Subsea Viking vessel,... Continue Reading →
(Reuters) - As Brazil's state-controlled Petrobras PETR4.SA rapidly boosts oil output and exports, executives are looking to a new market: India. In an interview as part of the Reuters Commodity Trading Summit, Chief Executive Roberto Castello Branco said that crude sales to China - an increasingly vital export market for Brazilian oil - would continue to rise... Continue Reading →
Brazil Energy Insight 