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Malaysian FPSO provider Yinson has been awarded two letters of intent by Petrobras for the charter, operations, and maintenance of FPSO Marlim 2 for the Marlim revitalization project in Brazil. The LOIs were issued to Yinson Production Pte Ltd (YPPL), an indirect wholly-owned subsidiary of the Yinson. Following the LOIs, the charter contract will be... Continue Reading →
Tokyo, October 16, 2019 MODEC, Inc. ("MODEC") is pleased to announce that it has received a Letter of Intent (LOI) for the supply, charter, and operations of a Floating Production Storage and Offloading (FPSO) vessel for Marlim revitalization project from Petróleo Brasileiro S.A. ("Petrobras"). This marks MODEC's 16th project for the Brazilian market and the period... Continue Reading →
October 15, 2019 Petróleo Brasileiro S.A. - Petrobras reports that it has signed letters of intent (LoI) with the Japanese company Modec (Marlim Unit 1) and the Malaysian company Yinson (Marlim Unit 2), for the chartering of two FPSO platforms. The units will be used in the production development project of the Marlim and Voador... Continue Reading →
A Brazilian Senate committee cleared the way for what may be a record-setting offshore oil rights auction on Tuesday, approving a government deal with state-run oil company Petroleo Brasileiro SA to settle a years-old dispute. The full Senate is also expected to vote later on Tuesday on the bill on dividing proceeds from the blockbuster... Continue Reading →
Oct 15, 2019 The National Bank for Economic and Social Development (BNDES) intends to lead the structuring of a model that enables the construction of gas pipelines to drain future gas production from pre-salt fields, which in addition to financing the works will include the search for investors for the ventures, a bank superintendent told... Continue Reading →
Oct 15, 2019 Petrobras and Pre-sal Petróleo SA (PPSA) signed a document of expenses and volumes equalization for the Tartaruga shared oil field in the Campos Basin. As a result of the contract, the Union will receive about R $ 210 million from Petrobras. The funds will go into the National Treasury single account by... Continue Reading →
Oct 15, 2019 Oil company is the first international oil company to seek a drilling unit for the development of a large field in Brazil The attention of major drilling companies will turn to Equinor in the coming weeks. The Norwegian oil company launched a bid to charter a 3,000 m water depth rig for... Continue Reading →
Oct 15, 2019 Financing obtained by Australian oil company from ING Bank will have a maturity of four years Karoon has signed a US $ 275 million line of credit for the acquisition of the Baúna field in the southern Santos Basin. With a four-year maturity, funding from ING Bank N.V's Singapore branch provides for... Continue Reading →
The first version of the Indicative Gas Pipeline Plan (IGP), prepared by EPE, mapped 11 potential projects for the extension of the natural gas transmission network, totaling about 2,000 km of new pipelines. - They represent an estimated investment of R $ 17 billion, to increase the national transportation capacity by 124 million m³ /... Continue Reading →
Oct 15, 2019 Four more qualified for the ANP 6th pre-salt sharing auction: Enauta, Equinor and Petrogal (operators A) and Cepsa (non-operator). As a result, the number of companies able to participate in the auction rises to 17. - Equinor already operates pre-salt projects, such as Carcará, in Santos, and Pão de Açúcar, in Campos;... Continue Reading →
Brazil Energy Insight 