Brought to you by Quest Offshore & Southern Cone Consultants
Brazil will also lead globally on crude production capacity through upcoming floating production storage and offloading (FPSO) vessels with 2,430 thousand barrels per day (mbd) between 2019 and 2025. A total of 20 planned and announced floating FPSOs are expected to be deployed offshore Brazil during the outlook period, the highest among countries globally, revealed... Continue Reading →
August 26, 2019 Petróleo Brasileiro S.A. – Petrobras, following up on the release dated 06/25/2019, informs the beginning of the binding phase related to the sale of all its stakes in eight onshore exploration and production concessions, located in the state of Bahia, jointly called Rio Ventura Cluster. Qualified parties for this phase will receive... Continue Reading →
August 23, 2019 Petróleo Brasileiro S.A – Petrobras, in relation to the news reported in the media, clarifies that as part of the competitive process of divestment of its entire stake in Liquigás Distribuidora S.A. the consortium formed by Itaúsa, Copagaz and Nacional Gás Butano presented the best binding offer for the acquisition of this... Continue Reading →
August 23, 2019 Petróleo Brasileiro S.A. - Petrobras informs that the rating agency Moody raised its stand-alone credit profile (SCP) by one notch to "ba2" from " ba3" and affirmed the “Ba2“ corporate rating, with a stable outlook. Moody's highlighted that the SPC upgrade reflects Petrobras' continued success in improving its credit metrics and liquidity... Continue Reading →
Aug 21, 2019 PGS plans to initiate in February 2020 a 3D seismic survey in the Sergipe-Alagoas Basin. Called Pirambu NE, the program foresees the acquisition of data in an area of 11,272 thousand km² in a minimum water depth of 500 m and a minimum distance of 32 km from the coast of the... Continue Reading →
AUG 21, 2019 Seadrill believes there will still be business opportunities for its PLSVs whose contracts with Petrobras are coming to an end this year. According to its CEO, Anton Dibowitz, the entry of new IOCs in the Brazilian market is contributing to its recovery. The company currently operates five submarine launch vessels for Petrobras... Continue Reading →
Aug 20, 2019 1 September is approaching with a busy schedule for the oil and gas sector. In addition to block bidding by the National Petroleum Agency, there are two other auctions that will negotiate barges, equipment and the Vitória 10,000 drill ship - all owned by Petrobras. In the first auction session on Sept... Continue Reading →
August 21, 2019 For Roberto Castello Branco, regime does not stimulate the efficiency of companies Petrobras President Roberto Castello Branco defended the end of the sharing regime that is mandatory for the exploration and production of oil in the pre-salt fields. According to Castello Branco, the regime does not encourage the pursuit of efficiency. According... Continue Reading →
August 20, 2019 Petróleo Brasileiro S.A. - Petrobras reports that the Administrative Board of Tax Appeals (CARF) issued today a favorable decision on an administrative tax proceeding regarding the collection of CIDE - Import tax on remittances abroad for the payment of charter contracts in the year 2013, in the approximate amount of R$ 5.1... Continue Reading →
August 16, 2019 Petróleo Brasileiro S.A. – Petrobras reports that it is one of the winning companies of the 2019 Transparency Trophy. The company was among the 10 best in Brazil in the category of publicly traded companies with revenues over R$ 5 billion. The award evaluates criteria such as the quality of the information... Continue Reading →
Brazil Energy Insight 