October 2, 2019 Petro Rio S.A. ("Company" or "PetroRio") (B3: PRIO3), in accordance with art. 26 of the Novo Mercado Regulation, and in addition to the Material Facts of October 29, 2018, January 30, 2019, February 13, 2019 and March 25, 2019, informs its shareholders, on this date, conditions precedent having been met and necessary... Continue Reading →
TMC to Equip Liza Unity FPSO
Oslo-headquartered TMC Compressors of the Seas said on Monday it has been awarded a contract from Chinese shipyard Shanghai Waigaoqiao Shipbuilding to supply the marine compressed air system to the Liza Unity floating production, storage and offloading unit (FPSO). Under the contract, TMC will provide a large compressed air system consisting of frequency-controlled instrument air... Continue Reading →
Modec to define shipyards to Buzios V
Oct 01, 2019 Modec will define, in the coming months, the shipyards from abroad and from Brazil that will work on the Buzios FPSO, which will operate for Petrobras in the Santos cluster in 2021. The project should follow the company's previous platform construction model, with hull conversion in Asia and part of module manufacturing... Continue Reading →
POLVO DRILLING CAMPAIGN AND FUNDING – PETRORIO
MATERIAL FACT POLVO DRILLING CAMPAIGN AND FUNDING Rio de Janeiro, September 30, 2019 - Petro Rio S.A. ("Company" or "PetroRio") (B3: PRIO3), in accordance with art. 26 of the Novo Mercado Regulation, and in addition to the Material Facts of October 30, 2018 and February 21, 2019, announces that on this date, it has begun... Continue Reading →
Decommissioning Winning Bidder Disqualified
Sept 30, 2019 Best placed in Petrobras' bid to contract the decommissioning of the fixed platforms of the Cação field in the Espírito Santo Basin, EPIC Applied Technologies was disqualified. According to sources, the decision of the oil company was motivated by the fact that the US group EPIC Companies - of which the company... Continue Reading →
Oil revenues will double with production in Transfer of Rights areas, says ANP
Sept 30, 2019 Union, state and municipal oil revenues will double in five years. According to calculations by the National Agency of Oil, Gas and Biofuels (ANP) obtained by GLOBO, the estimated production of 1.2 million barrels per day of the four areas of the Santos Basin pre-salt, which will be offered in the... Continue Reading →
14 companies registered to bid in the Transfer of Rights Surplus auction
September 30, 2019 The National Petroleum Agency (ANP) Special Bidding Commission has registered BP, Chevron, CNOOC, CNODC, Ecopetrol, Equinor, ExxonMobil, Petrogal, Petrobras, Petronas, QPI, Shell, Total and Wintershall DEA to bid in the Transfer of Rights surplus auction, which is scheduled for November 6th. The National Congress passed the Bill for the transfer of rights,... Continue Reading →
BP Is Striking Out in a Hotspot for Offshore Oil Exploration
It was supposed to be BP Plc’s big Brazilian breakthrough after years of setbacks in one of the world’s top destinations for offshore oil. The potential bonanza is still out of reach, two years after the London-based major teamed up with Brazil’s national oil company and a unit of China National Petroleum Corp. to outbid two rival... Continue Reading →
Exclusive: Mexico’s Pemex seeks control of U.S. oil firm’s billion-barrel find
When U.S. oil firm Talos Energy found nearly a billion barrels off Mexico’s southern Gulf coast two years ago, it marked the first discovery by a foreign firm since the oil industry was nationalized eight decades earlier. Now Mexico’s state-run oil firm Pemex wants to take over the lucrative project, according to two former Mexican... Continue Reading →
Oil companies want PLSVs not classified as offshore support units
Sept 27, 2019 Antaq held a public hearing to discuss the normative instruction that will discipline the criteria for analysis of the requests for circularization of vessels specialized in engineering works. The draft prepared by the agency provides that the circularization of vessels as PLSVs (specialized in the installation of flexible ducts) may be started... Continue Reading →