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Nov 21, 2019 Brasco, the Wilson Sons Group's offshore support base company, has entered into a contract with NFX Combustíveis Marítimos, a joint venture between BP and Prumo Logística, to support ship transfer and fueling operations that take place at the Marine Fuels Terminal, in Porto do Açu. In addition to acting as terminal operator,... Continue Reading →
November 22, 2019 Petróleo Brasileiro S.A. - Petrobras, following up on the release dated August 30, 2019, informs the beginning of the binding phase regarding the first stage of the sale of refining and associated logistics assets in the country, which includes the refineries Abreu e Lima (RNEST) in Pernambuco, Landulpho Alves (RLAM) in Bahia,... Continue Reading →
This follows SBM Offshore being chosen as the successful bidder in the public auction for equity ownership in five FPSOs back in October. Under the acquisition, SBM Offshore bought minority interests held by Constellation in entities related to the Cidade de Paraty (20%), Cidade de Ilhabela (12.75%), Cidade de Marica (5%), Cidade de Saquarema (5%), and Capixaba (20%) FPSOs. SBM Offshore was already the... Continue Reading →
Nov 21, 2019 On November 13, Petrobras received from the Brazilian Institute of Environment and Renewable Natural Resources (Ibama), the 1st Operation License Renewal, valid until October 15, 2029, for the Natural Gas Production and Condenced Flow System for Block BCAM-40, Campo de Manati, Camamu Basin, off the coast of the State of Bahia.
November 21, 2019 Petróleo Brasileiro S.A. - Petrobras reports that today it has signed with Proquigel Química S.A., a company of Unigel Group, lease agreements of its fertilizer plants in Bahia (Fafen-BA) and Sergipe (Fafen-SE), for the total amount of R$ 177 million for a period of 10 years, renewable for the same term. Leases... Continue Reading →
Exxon Mobil (XOM.N) is accelerating its biggest asset sales in decades with plans to divest up to $25 billion of oil and gas fields in Europe, Asia and Africa as it sharpens its focus on a handful of mega projects at home and abroad, banking sources said. The vast programme, which will see Exxon effectively... Continue Reading →
Nov 21, 2019 The President of the Republic, Jair Bolsonaro, signed Resolution No. 24, authorizing the 2020 17th Bidding Round for exploration and production of oil and natural gas by the National Agency of Oil, Natural Gas and Biofuels (ANP). In this round, in the Concession regime, 128 blocks will be offered in the Pará-Maranhão,... Continue Reading →
November 21, 2019 Impact of Campos Basin redevelopment on production, royalties and employment was discussed during the public hearing. With a little over 40 years of operation, the Campos Basin faces a drop in production. It has already been responsible for over 80% of national oil activity. Today, the Campos Basin is responsible for 48%... Continue Reading →
Offshore drilling company Seadrill has painted a cautiously optimistic picture for the offshore drilling market outlook, with the company seeing an opportunity for high-end floaters as well as for jack-up reactivations in 2020. At the end of the third quarter, Seadrill had 35 offshore rigs in Total, of which, 19 floaters and 16 jack-ups. Of... Continue Reading →
Petrobras, following up on the press release of November 7, 2019, reports that it has signed today with Copagaz and Nacional Gás Butano a contract for sale of all its stake in Liquigás Distribuidora S.A. The sale price is R$ 3.7 billion, to be adjusted according to contract rules and paid upon transaction closing. As... Continue Reading →
