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Jun 5, 2020 Important news for the oil and gas sector from Brasilia. The National Energy Policy Council (CNPE) approved incentives for small and medium-sized companies in the exploration, development and production of oil and natural gas. The collegiate also gave the approval for the National Petroleum Agency (ANP) to define and bid blocks... Continue Reading →
A Brazil-based wholly-owned subsidiary of Singapore’s offshore rig builder Sembcorp Marine (SembMarine) has entered into a revolving facility agreement for up to $500 million with Standard Chartered Bank. SembMarine said on Friday that the subsidiary in question was Estaleiro Jurong Aracruz (EJA). According to the company, the facility agreement will be guaranteed by SembMarine. Continue... Continue Reading →
June 4, 2020 Petróleo Brasileiro S.A. - Petrobras informs that it has started the opportunity disclosure stage (teaser), regarding the sale of its stakes in five power generation companies: Brasympe Energia S.A. (Brasympe), Energética Suape II S.A. (Suape II), Termoelétrica Potiguar S.A. (TEP), Companhia Energética Manauara S.A. (CEM) and Brentech Energia S.A. (Brentech). The teaser,... Continue Reading →
Jun 4, 2020 Two views on Petrobras' 1Q2020 results and the R $ 65.3 billion impairment that led to the historic loss of R $ 48.5 billion. - "The amplitude of the estimated volume of recoverable value of Petrobras' assets can also be used as a technical / political instrument to reinforce the strategies defined... Continue Reading →
A court in Brazil has accepted a money laundering and corruption complaint against a former Sembcorp Marine employee as part of the widespread Brazilian Car Wash probe. As previously reported, the Federal Public Ministry (MPF) in Brazil in February 2020 filed charges against Guilherme Esteves de Jesus (GDJ) for money laundering and Sembcorp Marine’s ex-employee Martin Cheah Kok Choon for... Continue Reading →
Brazilian federal court has ordered state-run oil company Petrobras SA to rename one of its biggest offshore oil fields currently named "Lula", the special secretary of privatization at the Economy Ministry, Salim Mattar, said late on Wednesday. Back in 2010, Petrobras decided to rename its Tupi field, one of the crown jewels in Brazil’s so-called... Continue Reading →
June 03, 2020, Petróleo Brasileiro S.A. - Petrobras announces that today it concluded the offering of two series of Global Notes in the international capital market in the amount of US$ 3.25 billion, with US$ 1.5 billion from the issuance of the 2031 new notes and US$1.75 billion from the issuance of the 2050 new... Continue Reading →
June 2, 2020 Despite the economic crisis resulting from the coronavirus pandemic, Anglo-Dutch Shell and its partners decided to keep US $ 700 million in investments to set up a thermoelectric plant powered by natural gas from the pre-salt layer in Macaé, in the North of the State of Rio de Janeiro. The plant will... Continue Reading →
Jun 3, 2020 Petrobras will sell the gas fields Pescada-Arabaiana production project, located in the shallow waters of the Potiguar Basin. The oil company is about to conclude direct negotiations with Ouro Preto, current partner in the project, to sell its 65% stake in the asset located in the Rio Grande do Norte shallow waters,... Continue Reading →
Jun 3, 2020 Total is testing a new oil transfer system (offloading) using a CTV type vessel (Cargo Transfer Vessel) in the Lapa field, in the Santos Basin pre-salt. The goal is to analyze the integration and functionality of the CTV, the Sealoader-1, in oil transfer operations. Oil company may extend contract for specialized vessel... Continue Reading →
