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The global market for floating production, storage and offloading vessels (FPSOs) is headed for a major renaissance with as many as 24 FPSO awards expected by 2020, driven to a great degree by Brazil, according to Norwegian energy research and consultancy firm Rystad Energy. South America leads the pack with 12 sanctioned FPSO projects planned... Continue Reading →
August 14, 2019 Petróleo Brasileiro S.A. – Petrobras clarifies, in relation to news disclosed by the media, that the values related to the sale of the Nitrogen Fertilizer Unit III (UFN-III) are not correct. Pursuant to the release to the market dated June 14, 2019, Petrobras reiterates that the competitive process for the sale of... Continue Reading →
Offshore drilling contractor Vantage Drilling returned to quarterly profit on the back of drilling contract termination revenue received from Petrobras. Vantage Drilling on Wednesday reported net income attributable to controlling interest of approximately $590.7 million for the second quarter of 2019 compared to a net loss attributable to controlling interest of $31.1 million for the... Continue Reading →
August 12, 2019 Petróleo Brasileiro S.A. – Petrobras reports that today it has prepaid the Term of Financial Commitment (TFC) FAT/FC (“Term”), in the amount of R$ 2.7 billion, whose maturity would be in 2028. The Term resulted from the Reciprocal Obligations Agreement (AOR) signed with Petros and various trade unions in 2006 aiming at... Continue Reading →
August 12, 2019 Petrobras has begun environmental licensing to carry out a proprietary 4D seismic data acquisition mega-campaign with Nodes and to implement a permanent monitoring system in Santos Basin pre-salt areas. The campaign will involve 11 pre-salt areas with a minimum coast distance of 146km and a depth of operation between 1,300 and 2,500m:... Continue Reading →
Aug 12, 2019 Líder Aviação and Petrobras signed the helicopter charter contracts for logistic support in the Campos, Santos and Espírito Santo basins. The aircraft will be used for air transport to offshore platforms, with scheduled start-up between this and next year. The company will supply eight large and medium-sized aircraft, five of them S92A... Continue Reading →
Aug 12, 2019 The ANP extended the exploration phase of Brasoil's FZA-M-254_R11 concession for two years, with the first exploratory period being effective until 08/02/2021, and the second exploratory period, if any, effective until 02/02/2014. 08/2024. Petrobras bids hiring up to six ROVs Petrobras has opened a bid for hiring up to six ROVs, with... Continue Reading →
Aug 9, 2019 Asset manager Vinci Partners plans to value Petrobras' gas distribution assets, company partner and chief infrastructure officer Jose Guilherme Souza said on Thursday amid government plans that will force the state oil company to scrap business in the sector. Petrobras currently owns 51% of Gaspetro, a company with a stake in 19... Continue Reading →
August 8, 2019 The changes that may be made by Petrobras to the Rio de Janeiro Petrochemical Complex project will now be licensed by the State Environmental Institute (Inea), an environmental agency of the state of Rio de Janeiro, and no longer by Ibama. The move is part of a 10-year technical cooperation agreement... Continue Reading →
August 9, 2019 - Petróleo Brasileiro S.A. Petrobras reports that today it signed an SPE with 3R Petroleum S.A., a wholly owned subsidiary of 3R Petroleum e Participações S.A., a contract for the sale of its entire working interest in a set of onshore and maritime producing fields in the Potiguar Basin, denominated Macau Cluster,... Continue Reading →
