(Reuters) - Brazil on Friday extended through 2040 a preferential customs regime for the oil and gas industry called Repetro, which was set to expire in 2019, as it seeks to entice investment ahead of key auctions later this year. The move was accompanied by another decree creating a special tax regime to bolster local... Continue Reading →
Petrobras, Brazil dispute transfer of rights worth $30 billion: report
Brazil's government and state-run oil company Petroleo Brasileiro are locked in a dispute over the value of offshore oil blocks involving an estimated $30 billion, newspaper Valor Econômico reported on Friday. The dispute, which has previously been reported, centers on a 2010 contract in which Petrobras paid the government for the transfer of exploratory rights... Continue Reading →
ANP approves registration of seven more companies in the 14th Round
Updated: Wednesday, August 16, 2017, 05:08 PM Total is now 21 companies The Special Bidding Commission (CEL) approved on Wednesday (16/08) the registration of seven more companies in the 14th Round of Bids. Of these, two are of foreign origin CNOOC (China) and Murphy (USA) and five Brazilian. Two still do not have a... Continue Reading →
Offshore rig dayrates expected to remain soft, Maersk Drilling says
Danish offshore driller Maersk Drilling does not expect to see financial improvements from an increase in offshore rig demand until the market reaches a stable oil price above $60 per barrel or until industry cost levels adjust further to a lower oil price. The current oil price remains below levels required to support sustainable economic returns... Continue Reading →
Solstad Farstad’s AHTS gets two-year contract in Brazil
Brazilian oil and gas company Queiroz Galvão Exploração e Produção (QGEP), a Queiroz Galvão Group company, has hired one of Solstad Farstad’s anchor handling tug supply (AHTS) vessels for work off Brazil. Solstad Farstad said on Monday that the vessel in question was the AHTS BOS Turmalina. Namely, the company was awarded a two-year firm... Continue Reading →
Repsol Sinopec focuses on asset consolidation in the country, will maintain production until 202
After recording record levels of production in Brazil, with the help of important pre-salt areas, Repsol Sinopec, controlled by the Spanish company Repsol, plans to work on the consolidation of its assets in the coming years, maintaining the extraction between 90 and 100 thousand barrels of oil equivalent day by 2020. The president of the... Continue Reading →
PETROBRAS HAS CHOSEN THE COMPANIES THAT WILL DO THE MAINTENANCE OF THEIR PLATFORMS IN THE PLACE OF UTC
August, 2017 Petrobras acted fast and has already chosen the companies that will replace UTC in the maintenance work of platforms in the Campos Basin. The winners were G & E, Actmium, VINCI Energies Group and CSE, which had 70% of the company bought by Aker Solutions. What was only UTC was divided into... Continue Reading →
SBM Offshore sells Marlim Sul FPSO for scrap
Dutch provider of floating production systems to the international offshore oil and gas industry, SBM Offshore, has sold its previously demobilized FPSO Marlim Sul for recycling. SBM said in its 2017 half-year financial results this week that the FPSO, removed from the Petrobras-operated oil field, was sold for recycling and transferred off the balance sheet... Continue Reading →
Petrobras – Accumulation Discovery in the Pre-Salt Layer of Campos Basin
Rio de Janeiro, August 10, 2017 - Petróleo Brasileiro S.A. – Petrobras reports the discovery of oil accumulation in the Campos Basin’s pre-salt layer, in the area of Marlim Sul field. This is the first commercial discovery of oil in the pre-salt layer of the Marlim Sul area. The discovery occurred during drilling of well... Continue Reading →
Eni joins Siemens Subsea Power Grid JIP
Eni Norge, a Norwegian subsidiary of the Italian oil giant Eni, has joined the Siemens Subsea Power Grid joint industry program (JIP). Siemens said on Monday that its subsea department was developing a complete subsea power network with a group of partners, led by Chevron and including Statoil, Exxon, and Petrobras. Read more
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