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FEB 27, 2020 News of the consortium that is exploring the southern block of Gato do Mato. The Ministry of Mines and Energy published this Thursday (27), in the Official Gazette, its endorsement for the sale, by Shell, of 30% of the area to the Colombian Ecopetrol. The transaction was announced in October last year.... Continue Reading →
FEB 27, 2020 Petrobrás announced this week that it has applied to the Brazilian Institute of the Environment (Ibama) to receive the Installation License for the Búzios 5 platform, which will be implemented in the Santos Basin pre-salt. Currently, according to Petrobrás' annual balance sheet, the FPSO has reached 10% of physical progress completed. The... Continue Reading →
FEB 27, 2020 The ghost of Lava Jato and an unburied corpse return to frighten one of the largest economic groups operating in the country, especially in the oil and gas sector: Techint-Tenaris. Targets of the Italian Justice, the brothers Gianfelice and Paolo Rocca, in addition to Roberto Bonatti, partners of San Faustin, holding of... Continue Reading →
Amid a raft of February orders and near-orders for floating production storage and offloading vessels, or FPSOs, comes a new report suggesting those shipyards and engineers able to piece them together may soon be feeling the strain. "The strong pace of recent orders has a downside," says Jim McCaul, a leading authority on the FPSO... Continue Reading →
February 26, 2020 Last Saturday, Petrobras began the Long-Term Test of the Farfan reservoir, one of the discoveries made by the company in deep waters of the Sergipe-Alagoas Basin. Production is being carried out from the FPSO Cidade de São Vicente, connected to a production well. Ibama's license is valid for up to 180 days... Continue Reading →
The decommissioning market is making a comeback, with new fields of opportunity, and challenges, opening. TSB Offshore President Will Speck shares insights on the path ahead. The level of activity offshore both Australia and Brazil are likely to be similar, he adds, although each has its own challenges. For instance, Australia’s geography imposes logistics challenges... Continue Reading →
February 21, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 02/10/2020, informs the beginning of the non-binding phase related to the sale of 100% of its shares in Nitrogen Fertilizer Unit III (UFN-III). Potential buyers qualified for this phase will receive a descriptive memorandum with more detailed information about the... Continue Reading →
Offshore marine transportation firm Harvey Gulf International Marine says it has been able to achieve success in the turbulent offshore market by constantly reinvented itself to fit the industry demands. Most recently, “reinvention” has meant branching out to secure more work in international markets. This is not the first time Harvey Gulf has ventured away... Continue Reading →
Feb 21, 2020 Petrobras' oil workers decided to suspend the strike. The announcement was made by the Single Petroleum Federation (FUP), which represents 13 unions of the category in the country. It is scheduled for this Friday, an audience between representatives of the category and Petrobras with Minister Ives Gandra, of the Superior Labor Court... Continue Reading →
February 21, 2020, The ANP Board approved yesterday (2/20) the first reduction in the royalty rate on the incremental production of a mature field, as provided for in ANP Resolution No. 749/2018. The incentive was granted to Campo de Polvo, in the Campos Basin, operated by the company PetroRio, within the scope of the approval... Continue Reading →
Brazil Energy Insight 