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February 7, 2020 Brazil will receive 10% of the Norwegian oil company's investments in the next two years Equinor plans to drill five high-impact exploratory wells in Brazil over the next two years, the company's vice president and chief financial officer, Lars Christian Bacher, said on Thursday during a conference call with analysts. High-impact wells... Continue Reading →
Feb 6, 2020 Oil company will quote for the campaign in the Baúna field, in the Santos Basin Karoon will launch, in the coming weeks, a bid for the charter of a rig anchored in Brazil. The drilling unit will be used in the Baúna project, in the Santos Basin, for a period of six... Continue Reading →
Offshore accommodation provider Prosafe has forecast a tougher year ahead, compared to 2019, expecting a drop in flotel rig fleet utilization and day rates falling. The company on Thursday reported a quarterly net loss of $13.3 million (compared to a loss of 35.7 million in Q4 2018). The flotel provider said it would work on... Continue Reading →
Brazil’s real slumped on Thursday to within sight of its all-time low against the dollar, despite the central bank’s signal a day earlier that its latest interest rate cut could be its last, and a broad rise in market-based interest rates. The real’s decoupling from rates suggested speculative flows were behind the currency’s slide, given... Continue Reading →
Brazilian drilling contractor Sete Brasil and Singapore’s offshore rig builder Sembcorp Marine have fulfilled all conditions precedent for a settlement regarding contracts for the construction of seven drillships to become effective and Sembcorp Marine is now in talks with a buyer for the completion of two drillships. Sembcorp Marine said on Thursday that all conditions... Continue Reading →
Schlumberger announced today an award to Subsea Integration Alliance of an exclusive contract by Equinor for the front-end engineering design (FEED) on its Bacalhau (formerly Carcará) project offshore Brazil. The contract scope brings together field development planning, project delivery and total life cycle solutions under an extensive technology and services portfolio. Continue reading
Tanker operator AET has won a long-term deal with the Brazilian oil company Petrobras for the charter of three shuttle tankers that will offload oil from Petrobras' offshore oil platforms and FPSOs. AET said Thursday the long-term charters would be for three Suezmax class Dynamic Positioning Shuttle Tankers (DPSTs). Continue reading
Feb 04 ,2020 A Petrobras, following up on the press release disclosed on 01/17/2020, informs the beginning of the binding phase related to the sale of 100% of the shares held by Petrobras Uruguay Sociedad Anónima de Inversiones (PUSAI), a subsidiary of Petrobras, in Petrobras Uruguay Distribuición S.A. (PUDSA). Potential buyers qualified for this phase... Continue Reading →
Petroleo Brasileiro SA is starting this decade much the same way it started the last: with a highly anticipated share sale. The similarities end there. Back in 2010, Petrobras was a booming oil powerhouse with ambitions to more than double output and cement its monopoly on a massive offshore oil discovery. In 2020, it is a scandal-scarred... Continue Reading →
February 5, 2020 If regulatory and economic conditions are not created quickly, Brazil will renounce a fundamental energy source Today the world is going through an energy transition phase, where the trend is the growth of renewable energy sources (water, wind, solar, waves, currents), with the progressive replacement of fossil energy sources (coal, oil and... Continue Reading →
Brazil Energy Insight 