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Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces the pricing of an offering of additional notes of its 5.600% Global Notes due 2031 (CUSIP No. 71647NBH1/ ISIN No. US71647NBH17) (the “Notes”) to be issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”). The Notes will be unsecured obligations of PGF and will be... Continue Reading →
The Ministry of Mines and Energy (MME) should launch, in November, the Incentive Program for Offshore Mature Fields following REATE’s initiative for onshore fields. The program, which focuses on extending the useful life of this type of asset and postponing its decommissioning, is being conducted directly by the Secretary of Petroleum, Natural Gas and Biofuels,... Continue Reading →
Cade approved, without restrictions, the acquisition by State Power Investment Corporation of China (SPIC) of a 33% stake in the GNA I and GNA II thermoelectric plants, with 3 GW of capacity and integrated into the LNG terminal in Porto do Açu (RJ) ). - Agreement closed through the subsidiary SPIC Brasil foresees entry to... Continue Reading →
The ANP signed a Memorandum of Cooperation with the Petroleum Safety Authority of the Kingdom of Norway (PSA-Norway). The agreement formalizes the Agency's cooperation with the Norwegian oil sector regulator, intensifying the sharing of experiences on supervisory practices that guarantee safe activities for the exploration and development of offshore oil resources. The partnership is based... Continue Reading →
Subsea services provider Oceaneering has been awarded a BOP tethering services contract offshore Brazil with the Brazilian oil firm Petrobras. The scope of work under the contract includes data acquisition and real-time riser analysis for dynamic positioning rig operations for up to seven wells in water depths between 150 meters and 700 meters. The contract... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), has commenced (i) an offering of additional notes of its 5.600% Global Notes due 2031 (CUSIP No. 71647NBH1/ ISIN No. US71647NBH17) (the “New Notes”), subject to market and other conditions (the “New Notes Offering”), and (ii) cash tender... Continue Reading →
PJ Valves (PJV), a UK-based manufacturer and supplier of valves to the global energy industry, has been awarded two FPSO valve contracts for Petrobras projects in Brazil. PJ Valves said on Tuesday that the company would manufacture and supply valves packages to both projects in the Santos and Campos basins. One of the deals was... Continue Reading →
The state-affiliated Japan Bank for International Co-operation (JBIC) has agreed to loan $352mn to a Japanese consortium developing a floating production, storage and offloading (FPSO) unit, which will be chartered to Brazil's state-controlled Petrobras for use at the Marlim oil field in the Campos basin offshore Brazil. The loan will be co-financed by private banks... Continue Reading →
Golar LNG said on Monday Hygo Energy Transition Ltd, a joint venture between Golar and U.S. private equity firm Stonepeak Infrastructure Partners, has appointed Paul Hanrahan as chief executive officer after Eduardo Antonello stepped down, following a corruption investigation in Brazil. Antonello has been accused by Brazilian federal prosecutors of bribery in a massive Car Wash... Continue Reading →
Norwegian offshore vessel owner DOF has won a contract with the Petrobras-led Libra consortium to provide a multi-purpose support vessel for work at the Mero offshore oil field in Brazil. The Libra Consortium is led by Petrobras - with a 40% interest - in partnership with Shell Brasil (20%) ; Total (20%), CNODC (10%) and CNOOC... Continue Reading →
Brazil Energy Insight 