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JUN 11, 2020 With the approval by the Legislative Assembly of Rio de Janeiro of the bill that internalizes Repetro Industrialização in the state, Rio de Janeiro guarantees the maintenance of the ICMS rate at 3% for operations importing equipment (platforms, platform ships and other equipment) for the oil and gas industry, in operations carried... Continue Reading →
Jun 10, 2020 The Ministry of Mines and Energy presented the schedule for the auction of Sepia and Atapu, remaining from the Transfer of Rights. The federal government expects the announcement to be published in the second quarter of next year, followed by the auction in the third quarter of 2021. Earlier this month, Minister... Continue Reading →
Jun 10, 2020 Ocyan offers the oil and gas sector a new paradigm for drilling in water depths below 500 meters using a drillship in dynamic positioning, without the use of anchoring. The novelty was achieved for the first time last month with the Norbe VIII rig, in the Albacora field, in the Campos Basin... Continue Reading →
Jun 10, 2020 Petrobras has qualified ten companies to participate in the next bidding process to contract its own FPSO under the EPC (Engineering, Procurement and Construction) model: Brasfels and EBR (Brazil), Daewoo Shipbuilding, Hyundai and Samsumg (South Korea), Keppel Singapore , SBM (Netherlands), Technip (based in London) and Modec and Toyo (Japan). The Italian... Continue Reading →
June 10, 2020 The company Pre-Sal Petróleo (PPSA) released today (10) the first Monthly Bulletin of Production Sharing Contracts, which reveals that, in April, the total production of oil under sharing in the pre-salt area, including consortia and Union, reached 56 thousand barrels per day (bpd). The bulletins will be monthly. Created in November 2013,... Continue Reading →
Inflation in Brazil is on course to fall to an all-time low this year as Latin America’s largest economy sinks, giving the central bank leeway to keep interest rates lower for longer or reduce them closer to zero. The crisis unleashed by COVID-19 will likely cause the biggest fall in gross domestic product since records... Continue Reading →
Company uses new technologies to reinforce its safety culture Innovation has been an important ally for Wilson Sons in the success of its Health, Safety, and the Environment (HSE) programme. With a fleet of 80 tugboats, the largest in Brazil, the Company has been able to reduce the rate of lost- time accidents by more... Continue Reading →
June 9, 2020 The decision of the National Energy Policy Council (CNPE) to authorize the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to reduce royalties to the legal minimum of 5% in small or medium-sized company fields, can benefit - if current rules are maintained - 24 companies that operate mainly on the... Continue Reading →
June 10, 2020 Petrobras started its first drilling campaign in block C-M-657, in the ultra-deep waters of the Campos Basin pre-salt. Well 1-BRSA-1376D-RJS, on the Naru prospect, is drilled in a water depth of 2,892 m. Originally scheduled for May, the campaign had to be postponed to the first week of June due to the... Continue Reading →
June 10, 2020 Adriano Bastos will leave the command of BP Brasil to direct the E&P activities of the British oil company in West Africa. Confirmed by sources to PetroleoHoje, the change will take effect in July. BP is still analyzing names to replace the executive. As of next month, Bastos is the new president... Continue Reading →
Brazil Energy Insight 