Brought to you by Quest Offshore & Southern Cone Consultants
Dec. 16, 2019 Reduction of state company’s presence in other regions creates resistance from workers and politicians In a presentation to foreign investors last week, Petrobras pointed to its future on a map with assets only in the Southeast region and the possibility of investments in logistics to serve Southeast and Midwest, a major consumer... Continue Reading →
December 16, 2019 Petróleo Brasileiro S.A. – Petrobras announces that it has started the opportunity disclosure stage ( teaser) , referring to the sale of its interest in the concession BM-P2, located in the Pelotas Basin, in the state of Rio Grande do Sul. Petrobras and Total are partners in this concession and each has... Continue Reading →
December 13, 2019 Petróleo Brasileiro S.A. – Petrobras informs that it has received correspondence from Banco Nacional de Desenvolvimento Econômico e Social ("BNDES"), in which it communicates the intention to evaluate the sale up to the totality of common shares issued by Petrobras in its ownership, through a secondary public offering of shares with broad... Continue Reading →
Brazil “trigger” Most all, it’s drill bit “luck” and reserves that bankroll Equinor, and the company’s long struggle to stay in Brazil — through rising costs, political turmoil and deepwater doubt — might now produce Equinor’s new El Dorado. In a letter to Norwegian DN, CEO Saetre sounded off on Brazil, suggesting current production of... Continue Reading →
Brazilian state-run oil firm Petrobras flagged another major production boost on Wednesday, while formally scuttling a refinery project outside Rio de Janeiro, underlining its laser-like focus on offshore oil exploration and production. At a breakfast with journalists, Petrobras Exploration and Production Director Carlos Alberto de Oliveira said the firm would produce more than 2.7 million... Continue Reading →
December 13, 2019 Following the announcement on December 11, 2019, with respect to the contract signature for FPSO Sepetiba, SBM Offshore is pleased to announce that it has entered into a shareholder agreement with its long standing business partners Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK) regarding the divestment of a 35.5% interest... Continue Reading →
December 12, 2019 Petrobras received from Ibama an operating license authorizing the start of the Farfan Reservoir Long Term Test, one of the discoveries made in the region. The plan foresees the installation of FPSO Cidade de São Vicente, connected to a production well. The license is valid for up to 180 days and by... Continue Reading →
December 12, 2019 The development of Buzios production in the Santos cluster will require the hiring of seven new FPSOs. The units will be able to produce at least 180,000 bpd - 30,000 bpd more than the platforms contracted for the project so far. The development plan was unveiled to the press last Wednesday (11/12)... Continue Reading →
December 11, 2019 Petrobras President Roberto Castello Branco said Wednesday that the company wants to make an initial IPO of Gaspetro in the second half of 2020. The oil company has a commitment to Cade to leave the natural gas distribution segment. According to Castello Branco, however, there is resistance from Mitsui to be the... Continue Reading →
Dec 11, 2019 Petrobras and China's CNPC have ended talks on the possibility of building a refinery at Comperj in Itaboraí (RJ) after concluding that the project would not be economically viable, Petrobras president Roberto Castello Branco said on Wednesday. The executive stressed that it "makes no sense" strategically for the company to invest in... Continue Reading →
