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Norwegian offshore vessel owner Solstad Offshore has been awarded contract extensions for two of its anchor handlers in Brazil. Solstad said on Thursday that Petrobras had declared its options to extend the contracts for the two AHTS vessels, Far Scout and Far Santana, with one year. Both contracts are then firm to the third quarter... Continue Reading →
September 11, 2019 Petróleo Brasileiro S.A. - Petrobras informs that it was notified by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) on the approval of the Production Individualization Agreement of Atapu and Sépia accumulations, located in the Santos Basin. The Agreement is celebrated in situations where the reservoirs extend beyond the areas... Continue Reading →
Sept 10, 2019 Weatherford announced the signing of an $87 million contract for fishing and intervention services with Petrobras. The four-year agreement represents the largest fishing contract ever signed by Weatherford. It also constitutes the largest single global award for this scope in the recent past. "Weatherford is the global leader for fishing and intervention... Continue Reading →
September 10, 2019 Petróleo Brasileiro S.A. - Petrobras, following up on the release dated 03/08/2019, reports that it has concluded today the sale of its 70% interest in the Maromba field, located in shallow waters in the Campos Basin, to BW Offshore Production do Brasil Ltda. (“BWO”). The transaction was completed with the payment of... Continue Reading →
Sept 9/2019 Petrobras (NYSE: PBR) announces that its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), has commenced two concurrent liability management transactions to purchase or exchange, as applicable, seven series of PGF’s outstanding notes (the “Offers”). The Offers will expire at 5:00 p.m. (New York City time) on September 13, 2019 (such date and time... Continue Reading →
Sept 9, 2019 Oil and natural gas production at the Berbigão and Sururu fields in the Santos Basin will be inaugurated by the end of the year, according to Márcio Naumann, Valongo's Petrobras Operational Support manager. The extraction will be done by the P-68 FPSO platform for extracting, storing and transporting which is at the... Continue Reading →
September 6, 2019 Petróleo Brasileiro S.A. - Petrobras, following up on the disclosure made on June 25, 2018, reports that on August 30, 2019, the Court of Appeals for the Second Circuit confirmed the decision approving the agreement to settle the Class Action in the United States. As of today, the agreement is no longer... Continue Reading →
The chief executive of a natural gas pipeline unit of Brazilian state oil firm Petrobras (PETR4.SA) has been removed, the company told Reuters on Thursday, after a middleman in a graft scheme implicated him in plea bargain testimony. Transportadora Brasileira Gasoduto Bolívia-Brasil (TBG), which operates a 1,610-mile pipeline transporting natural gas from Bolivia to Brazil,... Continue Reading →
Sept 6, 2019 Petrobras, following up on the release dated 07/03/2019, reports the beginning of the binding phase to sell all of its stakes in 14 onshore exploration and production concessions, located in the state of Bahía, jointly called Recôncavo Cluster. Qualified parties for this phase will receive a process letter with detailed instructions on... Continue Reading →
Sept 6, 2019 Petrobras, following up on the release dated 06/11/2019, reports the beginning of the binding phase to sell all of its stakes in 27 onshore exploration and production concessions, located in Espírito Santo, jointly called Cricaré Cluster. Qualified parties for this phase will receive a process letter with detailed instructions on the divestment... Continue Reading →
Brazil Energy Insight 