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December 3, 2019 – Petróleo Brasileiro S.A. - Petrobras, following up on the release dated on 09/30/2019 and 10/15/2019, reports on the beginning of the binding phase regarding the sale of its interests in eight onshore exploratory blocks located in the Recôncavo Basin. Qualified parties for this phase will receive process letters with instructions on... Continue Reading →
(Reuters) - The Chief Executive Officer of Engie’s Brazilian subsidiary said the French company group wants to acquire the 10% stake still owned by state-controlled oil company Petrobras SA in the natural gas pipeline company TAG. Mauricio Bahr told reporters in Rio de Janeiro the TAG investors group led by Engie will enter in talks... Continue Reading →
Norwegian offshore vessel provider Siem Offshore has been awarded contract extensions for two of its vessels. The unnamed charterer has exercised the first of two six-month options for each of the vessels Siem Atlas and Siem Giant. Both extensions are scheduled to start from December 9, 2019. The two vessels were previously both awarded a one-year... Continue Reading →
Norway’s central bank Norges Bank has revoked „the observation” of the Brazilian oil company Petrobras. The bank manages Norway’s $1 trillion sovereign wealth fund, popularly known as the oil fund, and makes decisions on the observation and exclusion of companies in the Fund’s portfolio. Petrobras was under the bank’s observation since 2016 due to the... Continue Reading →
Dommo Energia in November 2018 executed an amendment to the OSX-3 charter agreement with the owner of the vessel, OSX 3 Leasing B.V., to extend the existing charter for a period of up to 20 years. The charter payment under the deal agreed last year was is $47.2 million per year – equivalent to a... Continue Reading →
Dec 02, 2019 The October pre-salt production increased by 4.6% over September, totaling 2.394 million barrels of oil equivalent per day (MMboe / d), with 1.905 million barrels per day (MMbbl / d) of oil and 77 , 6 million cubic meters per day (MMm3 / d) of natural gas. Compared to October 2018, the... Continue Reading →
Dec 2, 2019 The P-50 platform, which operates in the Albacora Leste field in the Campos Basin, will gain a digital twin. It is a virtual platform mockup, from which you can remotely apply ideas and actions with the potential to reduce costs and increase efficiency and safety in operations. Instead of working on the... Continue Reading →
Nov 29, 2019 The National Agency of Petroleum, Natural Gas and Biofuels (ANP) approved the inclusion of another 173 exploration blocks and the Juruá field, as an area of marginal accumulation, in the Permanent Offer of areas that can be contracted by the concession model. - There will then be 740 blocks, 497 on land... Continue Reading →
Nov 29, 2019 DOF Subsea reported Thursday that it has begun operations of the Skandi Commander, Skandi Chieftain and Skandi Olympia support vessels for Petrobras in the third quarter of this year. The duration of the contracts is three years, with the option of extension for two more. The vessels are RSVs, equipped with two... Continue Reading →
Brazil’s state-controlled oil company Petroleo Brasileiro SA (PETR4.SA) has selected four groups for the second round of bidding for four refineries up for sale, including China’s Sinopec, Abu Dhabi’s state investor and two Brazilian firms, according to four people with knowledge of the matter. Sinopec, Abu Dhabi’s Mubadala Investment Co and Brazil’s Ultrapar Participações SA... Continue Reading →
