Brought to you by Quest Offshore & Southern Cone Consultants
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news published in the media concerning the sale of its entire remaining 37.5% stake in the capital of Petrobras Distribuidora S.A. (BR), clarifies that, as disclosed on 08/26/2020, the company's Board of Directors approved, on that date, the mentioned operation, by means of a secondary public... Continue Reading →
Petrobras has the approval of the Brazilian antitrust agency for the sale of its Landulpho Alves (RLAM) refinery, in Bahia, to Mubadala Investment Company, a sovereign fund of the Abu Dhabi government. The Administrative Council for Economic Defense (Cade) approved the transaction without restrictions, according to a publication in the Federal Official Gazette this Wednesday... Continue Reading →
(TNPetroleo) After the unsuccessful attempt to auction off the production surpluses from the Sépia and Atapu pre-salt blocks, on November 6, 2019, the government decided to carry out a broad change in the parameters that guide the supply of these areas. Either directly, through the significant reduction of government participation in the revenue that will... Continue Reading →
Oil and gas company Tullow Oil has completed the sale of its Dussafu Marin permit asset in Gabon to Oslo-listed Panoro Energy. Tullow Oil said on Wednesday that it had already received a payment of $39 million for the Dussafu asset earlier in the day as well as a $5 million contingent consideration relating to... Continue Reading →
Petroleum Geo-Services (PGS) has revitalized 3D data over the Bauna field in southwest Santos Basin and its surrounding area offshore Brazil. This preprocessed dataset is now available for evaluation of blocks for Brazil’s upcoming Permanent Offer Round. The data rejuvenation of legacy survey BM-S-40 started from field tapes and applied the latest workflow for data... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (teaser), regarding the sale of its entire 27.88% stake in Deten Química S.A. (Deten), located in the Camaçari industrial complex, in the state of Bahia. The teaser, which includes key information about the opportunity, as well as the eligibility criteria for... Continue Reading →
(OE) Investment in energy is on track to recover by nearly 10% in 2021 as the world emerges from the COVID-19 pandemic, the International Energy Agency (IEA) said on Wednesday, but spending will fall far short of meeting urgent climate goals. More of the $1.9 trillion in investment is projected to shift toward electricity than... Continue Reading →
Norwegian oil and gas company Equnior has made a final investment decision for the development of the Bacalhau field offshore Brazil. The development of the field located in the Santos Basin will cost around $8 billion. Arne Sigve Nylund, Equinor’s executive vice president for Projects, Drilling, and Procurement said: "This is an exciting day. Bacalhau is the... Continue Reading →
(PetroNoticias) The Brazilian Environment Institute (Ibama) granted the installation license for the FPSO Sepetiba, the second platform vessel to be installed in the Mero field, in the Santos Basin pre-salt. The document will be valid until May 2025 and also covers the collection and disposal system associated with the vessel. The Sepetiba FPSO should start... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in relation to news published in the media about the report of the Brazilian Securities and Exchange Commission (CVM) about the Board of Directors members election that took place at the Extraordinary General Meeting on April 12, 2021 (EGM), clarifies that no irregularities in the voting process were found. In the... Continue Reading →
