Brought to you by Quest Offshore & Southern Cone Consultants
May 27, 2020 Petrobras informed earlier this evening (27) that it took the first steps to allow access to its natural gas processing units by the other producers of the input in Brazil. The announcement comes hours after the Federation of Petroleum Workers (FUP) accused the company's management of lack of honesty, as it was... Continue Reading →
MAY 27, 2020 Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE:PBR) announces the pricing of two series of global notes denominated in U.S. Dollars (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 fully and unconditionally guaranteed by Petrobras. Closing... Continue Reading →
May 27, 2020 Petrobras will carry out a multiazimute 3D / 4D maritime seismic streamer activities in the Marlim, Albacora and Voador fields, in the Campos Basin. With an acquisition area of 2.17 thousand km², the activities are scheduled for August this year, lasting 13 months, under the command of the data acquisition company (EAD)... Continue Reading →
Brazil’s real rose for the fifth day in a row on Tuesday, sealing its longest winning streak against the dollar this year as buoyant global markets and ebbing of domestic political tensions added fuel to the rally. The real’s near 2% jump brought its gains since the start of last week to around 10%, and... Continue Reading →
May 27, 2020 Petrobrás projects a gradual recovery in the price of oil over the next five years, until it returns to the level of US $ 50 per barrel - double the average price projected for this year, of US $ 25. As the scenario improves, it should also reduce the company's debt, from... Continue Reading →
About 50 workers were infected by the novel coronavirus during an outbreak in recent weeks at a production well at Brazil's Tubarao Martelo offshore oilfield, operated by Dommo Energia SA, two sources with knowledge of the matter told Reuters. The production well has been paralyzed since early May, added the sources, who requested anonymity to... Continue Reading →
May 26, 2020 Dutch SBM Offshore achieved two important advances in the work of the FPSO Mero 2, which will be named Sepetiba. Even with the challenges imposed by the coronavirus pandemic, the company completed the placement of the keel of the ship's hull, considered the initial milestone in the construction of any vessel. In... Continue Reading →
Prosafe, a provider of offshore accommodation rigs, sank deeper into the red in the first quarter of 2020 due to impairment charges resulting from the oil price collapse and the coronavirus pandemic. According to its report on Tuesday, Prosafe’s operating revenues in 1Q 2020 were $25 million compared to $67.3 million in the same period... Continue Reading →
Italian provider of oilfield and renewable energy services Saipem has signed a two-year frame agreement with Norway's Equinor covering offshore engineering services worldwide. Per Saipem's statement on Tuesday, The frame agreement covers feasibility and conceptual studies, FEED, detailed engineering, and related follow-on and support for R&D activities, as well as assistance to Equinor for its... Continue Reading →
Tanker operator AET has taken delivery of Eagle Petrolina shuttle tanker which will be used to offload oil from Petrobras' offshore oil platforms in Brazil. The Eagle Petrolina, built by South Korea's Samsung Heavy Industries, is the first of four Suezmax Dynamic Positioning (DP2) Shuttle Tankers purposed built for long-term charter to Petrobras. Continue reading
Brazil Energy Insight 