Brought to you by Quest Offshore & Southern Cone Consultants
July 19, 2019 – Petróleo Brasileiro S.A. - Petrobras informs that in the scope of the bidding process for total disinvestment of Petrobras' interests in Pampo and Enchova Poles in Campos Basin, Trident Energy has delivered the best final bid for assets acquisition. Regarding media reports about this operation, the Company clarifies that the price... Continue Reading →
Brazilian oil company Petroleo Brasileiro SA has chosen a bid from Warburg Pincus-backed Trident Energy as the winner in a final “re-bid” for two oilfields, three sources with knowledge of the matter said. Petrobras, as the Brazilian state-run oil company in known, will fetch nearly $1 billion, two of the sources said. The firm received... Continue Reading →
ANP approved the exit of Barra Energia from the Carcará project, in the exploratory block BM-S-8, in the pre-salt of the Santos Basin, with the transfer of its stake to Equinor, the project operator. Also ANP approved the assignment of a 3% equity interest in Equinor's project to Petrogal and another 3.5% to ExxonMobil.
This is yet another signal that the offshore industry has turned a corner and can reach a potential project commitment total of $123 billion in 2019, surpassing commitments in 2014 of $78 billion, according to Rystad Energy. The Marjan Expansion alone is the largest field to be sanctioned globally since 2014. Later this year, the... Continue Reading →
July 17, 2019 Premier Oil is looking to drill a well in 2020 in the Berimbau / Maraca prospect, in block CE-M-717, in the Ceará Basin. The oil company said it is in contact with suppliers to verify the availability of equipment in the country. The CE-M-717 was sold to Premier in the 11th round... Continue Reading →
July 18, 2019 The Court of Auditors of the Union (TCU) yesterday questioned the competence of the National Energy Policy Council (CNPE) to define the areas of the auction rounds in the sharing regime. The position of the court ministers was based on the fact that there is a lack of transparency in the selection... Continue Reading →
Guyana, located on the northern mainland of South America and nestled between Venezuela and Suriname, has become one of the most exciting regions within the oil and gas industry over the last few years. ExxonMobil has invested heavily in the region and has been reaping the rewards since first discovering oil in 2015. In the... Continue Reading →
Norwegian offshore vessel owner Solstad Offshore and Mexican company Subtec S.A have agreed to extend the contract for the CSV Far Sentinel with 2,5 years. Subtec is a Mexican company, with its base of operations in Ciudad del Carmen, Campeche, that is a part of Blue Marine’s business units. The vessel operates in Mexico. The... Continue Reading →
Brazil’s GranEnergia has been awarded a 93-day contract by Petrobras to support the P31 and P-50 FPSO maintenance campaign with its DP3 accommodation Floatel CSS Olympia. The first campaign, P-31 turret-moored FPSO is located in the Albacora field of the Campos Basin offshore Brazil. The FPSO is located in 330m water depth. The compact semi-submersible... Continue Reading →
July 17, 2019 Sete Brasil creditors will meet August 9 to deliberate on Magni Partners' new and seemingly final offer to acquire the Urca, Frade, Arpoador and Guarapari rigs. After four months of negotiations, the group raised the value of its proposal from US $ 250 million to US $ 296 million, ensuring contractual improvements.... Continue Reading →
Brazil Energy Insight 