August 16, 2016 01:00 AM Eastern Daylight Time Regulatory News: “This new state-of-the-art PLSV, with the most advanced pipelay equipment and highest flexible pipelay tension capacity in the world, demonstrates again our extensive ultra-deepwater pipelaying experience, and our commitment to enable projects offshore for our clients.” Tweet this Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) and DOF... Continue Reading →
TRANSOCEAN AND DIAMOND SHOWING INTEREST IN BRAZIL
Two major international rig operators, Transocean and Diamond, released their results for the first half and commented on their outlook for Brazil. Executives of both companies showed optimism about the possibilities of new foreign investments in the country that are emerging on the horizon. The senior vice president of Diamond, Ronald Woll, said during an... Continue Reading →
BRIEF-Brazil QGEP says satisfied with Statoil as partner in Carcara field
Aug 11 (Reuters) - * Brazil's oil company Queiroz Galvão Exploração e Produção (QGEP) says not exercising first rights on Carcara field sale, satisfied with Statoil as new partner after sale of asset by Brazil's state-run oil company Petrobras Further company coverage: (Writing by Reese Ewing)
Standoff with Petrobras drives Odebrecht Oil and Gas closer to bankruptcy protection
Petrobras asked Odebrecht Oil and Gas (OOG to paralyze work in four out of six drilling rigs that are active, that can lead to equipment supplier to seek bankruptcy protection, according to two sources familiar with the matter. Banks and OOG investors are monitoring the situation with concern. The company had already negotiated with investors... Continue Reading →
BRIEF-Dril-Quip and Petrobras amend contract
Reuters Aug 1 Dril-Quip Inc * Quip -on July 29, Brazilian unit and Petrobras entered amendment to four-year contract awarded by Petrobras in August 2012 * Quip -contract was awarded by Petrobras in August 2012 for supply of subsea wellhead systems and associated tools * Quip-amendment extends term of contract until October 27, 2016 pending... Continue Reading →
Update – Petrobras sells oilfield asset to Statoil for $2.5 billion- Partner in block may invoke right of first refusal
The company logo of Statoil is seen during a company results presentation in London February 6, 2015. REUTERS/TOBY MELVILLE Brazil's Petrobras on Friday agreed to sell one of its largest oil and gas prospects to Norway's Statoil for $2.5 billion, the boldest step yet by the state-led energy company to advance its stagnant asset-sale plan... Continue Reading →
BRIEF-Petrobras working hard to meet $15.1 bln asset-sale goal
Reuters Petroleo Brasilerio SA, or Petrobras, Chief Financial Officer Ivan Monteiro and Exploration and Production chief Solange Guedes spoke to reporters in Sao Paulo about the company's agreement to sell its 66 percent stake in the BM-S-8 offshore block, home to the giant Carcara field, to Norway's Statoil ASA. * Recent Petrobras asset sales an... Continue Reading →
Petrobras – Sale of Stake in Exploration Block BM-S-8
Rio de Janeiro, July 29, 2016 – Petróleo Brasileiro S.A. – Petrobras announces that, in a meeting held on July 28th, the Board of Directors approved the sale of the company’s stake in exploration block BM-S-8 to Statoil Brasil Óleo e Gás Ltda. This transaction comes about as a result of a competitive bidding process... Continue Reading →
Brazil to sell oil rights near areas Petrobras seeks to sell -ANP
Jul 28, 2016 Reuters Brazil plans to sell rights to new oil exploration and production areas at an auction in 2017 adjacent to existing blocks where state-led Petroleo Brasileiro SA seeks to sell all or part of its stake, regulator ANP said on Thursday. Magda Chambriard, director-general of the ANP, said her agency plans to... Continue Reading →
Petrobras’ platform hull builder Ecovix may delay delivery
Ecovix, a unit of the Engevix group, said it may have to delay delivery of four hulls for oil and gas production platforms intended for Brazil's state-run oil company Petroleo Brasileiro SA due to troubles securing funds from state lender Banco do Brasil . The shipbuilder, which is entangled in the massive Operation Car Wash... Continue Reading →
Brazil Energy Insight 