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Brazil produced 1.018 billion barrels of oil in 2019, marking the first time the South American nation passed the billion-barrel mark for annual production, the national oil regulator said on Wednesday. In a statement, the regulator, known as the ANP, said 2019 output increased 7.78% over the previous year. Brazil produced 3.106 million barrels per... Continue Reading →
Jan 22, 2020 Ocyan's Norbe VI rig starts operations today, under a contract signed for the next two years. The first campaing will be carried out in the Tartaruga Verde field, in the Campos Basin, with a duration of up to 45 days. Norbe VI is one of Ocyan's 5 deepwater drilling rigs. The rig... Continue Reading →
JAN 21, 2020 Ministry of Mines and Energy (MME) denied that the auction of the remaining areas of the Transfer of Rights (Sépia and Atapu) is being postponed to 2021. This is because the event had not yet a defined date and is being studied by technicians. The information was passed on to PetroNotícia by... Continue Reading →
January 21, 2020 - Petróleo Brasileiro S.A. – Petrobras announced today that Banco Nacional de Desenvolvimento Econômico e Social – BNDES (the “Selling Shareholder”) has commenced an offering of up to 734,202,699 common shares, without par value, of Petrobras (the “Common Shares”), including Common Shares represented by American depositary shares, each of which represents two... Continue Reading →
Brazil will start discussions on joining the Organization of the Petroleum Exporting Countries during a visit to Saudi Arabia in July, its energy minister Bento Albuquerque said on Wednesday. “I have a visit to Saudi Arabia in the middle of this year, then we can start the discussion,” Albuquerque told Reuters, adding that Brazil’s membership... Continue Reading →
January 21, 2020 Petróleo Brasileiro S.A. – Petrobras reports that the Higher Chamber of the Administrative Tax Appeals Council (CARF) issued today an unfavorable decision, by a casting vote, on an administrative tax proceeding which deals with the collection of PIS/COFINS - Import tax regarding remittances abroad for the payment of charters contracts in the... Continue Reading →
BRUSA is a high capacity submarine cable connecting Brazil and the Americas. It was opened for business in August 2018 and stretches approximately 10,200 kilometers between Rio de Janeiro, Brazil, and Virginia Beach, USA. WaveLogic 5 Extreme was used on the BRUSA cable to provide greater scale and increased economic efficiencies and deliver 50 percent... Continue Reading →
Offshore support terminal operator Brasco, a Wilson Sons Group company, has partnered with APM Terminals Pecém to set up a temporary logistics base at the Pecém Industrial and Port Complex. It will be the first offshore port support operation to take place in Ceará, Brazil, APM Terminals said Monday. Scheduled to start in the first... Continue Reading →
Jan 20, 2020 The government will reduce the value of the signature bonus or decrease the percentage of oil sharing with the Union required in the Sépia and Atapu fields, in the pre-salt, informs the Special Secretary of Finance, Waldery Rodrigues. The two fields did not receive offers at the auction for the transfer of... Continue Reading →
InterMoor has started working on a chain inspection job offshore Brazil, in partnership with 3 other Acteon Group sister companies. The team will inspect the mooring lines of six FPSOs. The project consists in performing full inspection on all mooring lines, an equivalent of 28km of chain/polyester. Continue reading
Brazil Energy Insight 