Brought to you by Quest Offshore & Southern Cone Consultants
Apr 27, 2020 Petrobras submitted to Ibama authorization to drill a well, called Anhanguá, in block POT-M-762, in the Potiguar Basin. The planned activity will be carried out 75 km off the coast of Ceará, in a water depth of 2,200 m, and the expected oil characteristics are 28º API, similar to that found in... Continue Reading →
Apr 27, 2020 Petronas group company, Misc, negotiates with Petrobras the chartering of the third production unit for the Mero 3 field. Petrobras and Misc initiated direct negotiation of the daily rate offered in the tender for the charter of the FPSO of Mero 3 - an indication that the group offered a lower price... Continue Reading →
Apr 23, 2020 The National Health Surveillance Agency - ANVISA confirmed contamination by Covid-19 on four vessels supporting the services of offshore oil platforms. The vessels are anchored in Guanabara Bay after confirmation of contamination by Covid-19. In addition to the Subsea 7 Brasil support vessel, with three confirmed cases, Fulmar support vessels are anchored,... Continue Reading →
Brazil's state-run oil producer Petroleo Brasileiro has 261 workers, either staff or contractors, who are infected with the coronavirus, the company said in a statement late on Wednesday. Last Friday, Petrobras, as the company is known, said it had 160 workers diagnosed with the virus. Source: OE
Already grappling with one of Brazil’s most severe outbreaks of the novel coronavirus and a budget deep in the red, Rio de Janeiro state faces a potential threat to its solvency at the hands of investment giants PIMCO and Dodge & Cox. The U.S. asset managers have the right to a 2.5 billion real ($470... Continue Reading →
Tokyo, April 21, 2020 MODEC, Inc. ("MODEC") is pleased to announce that a US$ 1.1 billion project bond, issued by an affiliate of MODEC in August 2019, has been awarded "Marine Money Offshore Deal of the Year 2019" in the Innovation category. This issuance by MV24 Capital B.V., an affiliate of MODEC, was for the... Continue Reading →
Brazilian state-run oil firm Petrobras plans to restart operations in the coming days at two ships used in offshore oil production that suffered coronavirus outbreaks, an executive told journalists during a call on Friday. Petrobras Exploration and Production Director Carlos Alberto de Oliveira said operations at the Cidade de Santos should restart over the weekend,... Continue Reading →
Brazil's oil industry has requested 29 oilfields be mothballed so far, including 16 offshore and 13 onshore, with a total production of 65,000 barrels per day, as the sector struggles with lower demand amid the coronavirus outbreak, local regulator ANP said. Twenty of the oilfields expected to be mothballed are in the process of being... Continue Reading →
Apr 20, 2020 Petrobras has adopted emergency and temporary measures that have as a priority to preserve jobs and the company's sustainability in what is the worst crisis in the oil industry in a hundred years. There have not been and will not be dismissals of Petrobras employees. The measures to temporarily reduce personnel expenses... Continue Reading →
Apr 17, 2020 Times of crisis in the industry are forcing Petrobras to reassess contracts with its suppliers. But the president of the state-owned company, Roberto Castello Branco, guaranteed on Friday (17) that he will not make renegotiations with small companies, to maintain the integrity of the national supply chain. In the executive's assessment, this... Continue Reading →
Brazil Energy Insight 