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August 11, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 07/27/2020, regarding the sale of its entire stake in the exploratory portion of the Tayrona Block, located in the Guajira Basin, Colombia, informs that it has extended until 08/21/2020 the deadline for companies to express their interest in the opportunity.... Continue Reading →
Aug 11, 2020 The pandemic should also cause the delay in the delivery of the FPSO Sepetiba that SBM Offshore is building to be installed in Campo de Mero 2. The crisis in international health has caused the closure of many offices and supplier companies in Singapore, where the unit will be built . The... Continue Reading →
The well intervention market is a niche one, with only a few main players – including Helix/Well Ops, Island Offshore, AKOFS Offshore and Siem Offshore – and only three key geographical regions; Northwest Europe, South America and the US Gulf of Mexico. Unsurprisingly then, the fleet operates in regions with high numbers of installed subsea... Continue Reading →
Aug 11, 2020 Petrobras published today (11) a tender for the chartering and provision of operating services for at least one or even two high-specification offshore drilling rigs for operation in water depths of up to 2,400 meters. The contract term to be awarded to the winner of the tender will be three years. The... Continue Reading →
August 10, 2020 Petróleo Brasileiro S.A. - Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of 50% to 100% of its stake in the BM-S-51 concession with hand-over the operation, located in the Santos Basin, in the pre-salt polygon. The concession is located at water depths ranging from... Continue Reading →
August 10, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the release dated July 29, 2020, informs that today it paid Fundação Petrobras de Seguridade Social (Petros) R$ 950 million, regarding the full amount of the agreement with Petros on the arbitral dispute related to the investment in Sete Brasil. The agreement extinguished the dispute... Continue Reading →
Just as the oil and gas industry was starting to get back on its feet, COVID-19 and plummeting oil prices have affected the market across the board, including well intervention. But players in this space are optimistic, with new vessels and more compact intervention systems being planned and hopes that production enhancement will be an... Continue Reading →
Aug 10, 2020 Odebrecht, the parent company of petrochemical Braskem, began the process of selling all of its shareholding in the company. The information was released this weekend, in a document sent to the Securities and Exchange Commission (CVM). “ODB [Odebrecht] started preparatory steps to structure a private sale process of up to the totality... Continue Reading →
Aug 10, 2020 The board of the National Petroleum Agency (ANP) approved the review of the Discovery Assessment Plans (PADs) of the Farfan and Barra wells, in the Sergipe-Alagoas basin, operated by Petrobrás. The regulatory agency determined the replacement of the firm commitment to execute the Long-Term Test (TLD) of well 3-BRSA-1178D-SES for 180 days... Continue Reading →
August 7, 2020 Petróleo Brasileiro S.A. - Petrobras informs that it has started the non-binding phase, referring to the sale of its entire stake in the Atum, Curimã, Espada and Xaréu shallow waters fields (Ceará Cluster) , located in the State of Ceará. Potential buyers qualified for this phase will receive instructions on the divestment... Continue Reading →
Brazil Energy Insight 