JUNE 5, 2017 Petrobras has received two new operating licenses from the Brazilian Institute of Environment and Natural Resources (Ibama). The documents were issued to regulate the environmental licensing of oil and natural gas production systems in the Albacora field, in the Campos Basin. The licenses were granted for platforms P-25 and P-31, as well as... Continue Reading →
PPSA expects production to accumulate 700 thousand barrels between July and October in test of Libra
Production of the Libra field in the Santos Basin pre-salt is expected to accumulate a total of 700,000 barrels between July and October this year, state-owned oil company Pre-Sal Petróleo SA (PPSA) president told Reuters. Represent the interests of the federal government in the contracts of Production Sharing, Ibsen Flores. The volume will be important... Continue Reading →
INVESTORS ASK FOR REIMBURSEMENT OF R $ 4.475 BILLION FOR LOSSES WITH SETE BRASIL
MAY 31, 2017 Sete Brasil has been in judicial disputes between shareholders for some time as a result of the Lava Jato's revelations, the drop in the price of oil, and the cutback in Petrobrás investments, but now the dispute has advanced a notch. The investors of the company have filed a request for international arbitration... Continue Reading →
BW OFFSHORE AND PETROBRAS NEGOTIATE FIELD WHERE FPSO CITY OF SÃO MATEUS WILL OPERATE
May 30, 2017 BW Offshore is still in discussions with Petrobras to decide which field will be the final destination of the FPSO Cidade de São Mateus when the unit, which suffered an explosion in 2015, is again in operation. At the time of the tragedy, which made nine fatalities, the platform ship was... Continue Reading →
Ensco set to buy Atwood Oceanics
zoom UK offshore driller Ensco is set to acquire its U.S. rival Atwood Oceanics, expanding its fleet with high end rigs, and becoming the world’s largest jack-up operator. The two companies have entered into a definitive merger agreement under which Ensco will acquire Atwood in an all-stock transaction. The definitive merger agreement was unanimously... Continue Reading →
PETROBRÁS RECEIVES APPROVAL FOR ITAPU DEVELOPMENT PLAN
May 29, 2017 The Itapu field, part of the Onerous Cession and located in the Santos Basin pre-salt, will receive an FPSO with the capacity to produce 120,000 barrels of oil per day. Petrobras, which operates the area, has received approval from the ANP for the field development plan. The FPSO is expected to be... Continue Reading →
Petrobras takes DOF’s anchor handler for one year
DOF informed in an Oslo Stock Exchange filing on Monday that the anchor handling tug and supply vessel Skandi Admiral has been awarded a one-year contract with the Brazilian state-owned oil company Petrobras. The shipping company said that the contract will start by the end of May or in early June. The 1999-built Skandi Admiral is... Continue Reading →
Petrobras will exercise preemptive rights in just three out of eight prospects to be offered at the two pre-salt auctions
By Marta Nogueira and Rodrigo Viga Gaier RIO DE JANEIRO, Brazil (Reuters) - Faced with financial restrictions, Petrobras announced on Thursday that it will exercise preemptive rights in just three out of eight prospects to be offered at the two pre-salt auctions, under a divestiture regime, in October. Petrobras estimated the amount of... Continue Reading →
Petrobras – Exercise of Preferential Right in the Second and Third Bidding Rounds for areas under Production Sharing Regime
Rio de Janeiro, May 25, 2017 - Petróleo Brasileiro S.A. – Petrobras informs that it submitted today to the National Energy Policy Council (CNPE) its first formal statement in connection to the preferential right for the second and third bidding rounds for exploration blocks under the production sharing regime, pursuant to Law 12.351/2010 and Federal... Continue Reading →
Petrobras says to exercise priority rights in Brazil oil auctions
May 25 Brazil's state-controlled oil company Petróleo Brasileiro SA will exercise its preferential rights in two offshore pre-salt oil auctions scheduled for this year, the company said in a statement on Thursday. Petrobras, as the company is known, said it will exercise its rights to explore an area adjacent to the Sapinhoá field, as well... Continue Reading →
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