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August 28, 2020 Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors approved the 2019 Annual Letter of Public Policy and Corporate Governance. The Annual Letter is a requirement of Law 13.303/2016 and Decree 8.945/2016 and is in line with the transparency requirements required by legislation. This Letter is intended for the general... Continue Reading →
Aug 28, 2020 Shell has extended, to the beginning of 2021, the deadline for submitting offers for chartering the FPSO of Gato do Mato, in the Santos Basin pre-salt. The last deadline reported by PetróleoHoje was September 1st. Santos Basin pre-salt project will be developed with FPSO with capacity to produce 90 thousand bopd. Source:... Continue Reading →
Aug 28, 2020 The ANP board approved the development plan for the Maromba field, in the Campos Basin, in addition to the contractual extension of its production phase, for another 27 years, expiring in 2060. The asset is operated by BW Energy (95%) , in partnership with Magma Oil (5%). According to BW Energy's plans... Continue Reading →
August 27 , 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 09/06/2019, informs that it signed today with Karavan SPE Cricaré S.A., a Specific Purpose Entity (SPE), a contract for the sale of all of its stakes in 27 onshore exploration and production concessions , located in Espírito Santo, jointly... Continue Reading →
August 27, 2020 Petro Rio S.A. (“Company” or “PetroRio”) hereby informs its shareholders and the market in general, in compliance with CVM Instruction No. 358, of January 3, 2002, that, on this date, a meeting of the Company’s Board of Directors (“RCA”) was held, at which the following was approved: (i) The ratification of the... Continue Reading →
Aug 26, 2020 Karoon is analyzing proposals for the supply of subsea goods and services for the Baúna / Patola project, in the shallow waters of the Santos Basin. The scope of the contract involves wet Christmas trees (ANMs), umbilicals, lines and the installation of equipment in the area of Patola, which will be interconnected... Continue Reading →
Aug 26, 2020 Lupatech (LUPA3) signed a contract with Petrobras (PETR4), in the amount of R $ 82.6 million, according to a relevant fact published today. According to Lupatech, the contract is for the supply of polyester cables for anchoring. Finally, Lupatech points out that it is a supply contract with no obligation to purchase... Continue Reading →
The Libra Consortium has taken a final investment decision to contract the Mero-3 floating production, storage and offloading (FPSO) vessel to be deployed at the Mero field in the Santos Basin offshore Brazil, Shell (NYSE: RDS.A) reported Tuesday. Besides Shell, other members of the Petrobras (NYSE: PBR)-operated Libra Consortium include Total (NYSE: TOT), CNPC and... Continue Reading →
Over the past four months we have been flooded by news of just how badly the offshore rig market has been hit during the double whammy of the Corona pandemic and oil price fallout. We witnessed what seemed like a never-ending wave of contract cancellations coupled with increasing numbers of contract options being declined, along... Continue Reading →
Norwegian subsea project and marine services provider DOF Subsea has been awarded four new contracts with Brazilian oil company Petrobras. DOF said Thursday that at least three vessels from the DOF fleet would be mobilized to perform flexible pipeline, risers and subsea equipment inspection in Campos Basin, Santos Basin, Marlin Field, and Espírito Santos Basin.... Continue Reading →
Brazil Energy Insight 