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Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on November 19, 2020, informs the beginning of the binding phase regarding the sale of all of its stakes in a set of 11 onshore production field concessions, with integrated facilities, located in the state of Sergipe, jointly called the Carmópolis Cluster. Potential buyers... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that the rating agency Fitch affirmed the ”BB-“ issuer default ratings for Petrobras, with a negative outlook, reflecting the agency’s opinion on the sovereign’s ratings. Petrobras stand-alone credit profile was also affirmed at "bbb", 4 notches above the sovereign. Fitch highlighted the company's strong capital structure, declining debt levels... Continue Reading →
Marine seismic data acquisition company Shearwater GeoServices has won a contract with Petrobras for deepwater Ocean Bottom Node seismic acquisition for the Tupi and Iracema projects in the Santos Basin offshore Brazil. "This will be the largest OBN seismic survey in Brazil, at the Tupi field, considered Brazil’s first super-giant oil field and is a... Continue Reading →
COVID-19 will continue to skew the floating production systems market for the coming 24 months, while buying power for a large portion of FPSO contracts will be centered in Brazil and Guyana/Suriname. These two areas are expected to account for more than 60% of the FPSO contracts awarded between 2021 and 2025. These are the... Continue Reading →
Offshore drilling contractor Transocean has secured new contracts and extensions for its rig fleet, bringing the total backlog to $7.8 billion. The rig owner has also decided to retire the Leiv Eiriksson semi-submersible rig. In a fleet status report published last Friday, Transocean said that, as of 12 February, the company’s total backlog was approximately $7.8 billion.... Continue Reading →
Subsea boosting could make an immediate increase in production profitably on more than 200 oil projects globally, according to Rystad Energy’s newly launched Subsea Processing Screening Tool. The increase in recoverable reserves for the top 100 projects, out of more than 200 projects identified where subsea boosting would be profitable, averaged 61 million barrels of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding a piece of news published on the media about the sale of the refineries, clarifies that the dates for the signing of the purchase and sale contracts and for their effective transfer to the buyers (respectively signing and closing) are internal estimates subject to alterations, since they depend on... Continue Reading →
Austrian crane provider Palfinger has secured a contract with Malaysian Yinson to provide cranes, lifeboats, a rescue boat, and davits for an FPSO bound for Brazil. Yinson secured a contract from Petrobras for the delivery, operation, and maintenance of an FPSO for the Marlim 2 oil field in the Campos Basin off Brazil in March 2020.... Continue Reading →
FPSO operator BW Offshore has decided to record an impairment to the book value of three FPSOs, amounting to $59.6 million, in the fourth quarter of 2020 amid continued uncertainty regarding redeployment. The three FPSOs are Berge Helene, BW Cidade de São Vicente, and Espoir Ivoirien, BW Offshore said on Wednesday. According to BW Offshore,... Continue Reading →
(Reuters) - A consortium of Talos Energy Inc, private equity firm EIG Global Energy Partners, Enauta Participacoes SA and 3R Petroleum Oleo e Gas SA has submitted a non-binding offer for Brazilian oilfields Albacora and Albacora Leste, four sources familiar with the matter told Reuters. The exact value of the bid submitted to Brazil’s state-led... Continue Reading →
Brazil Energy Insight 