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(Reuters) - Brazil’s securities regulator CVM is investigating the management changes at state-run oil company Petroleo Brasileiro SA, its website showed on Monday, following President Jair Bolsonaro’s announcement last week that he will replace chief executive Roberto Castello Branco. The post on the CVM website gave no details about the investigation, but comes after Petrobras... Continue Reading →
Ministry of Mines and Energy (MME) launches, in an online event promoted by the Energy Research Company (EPE), on March 11, the Program to Revitalize and Encourage the Production of Offshore Fields (Promar). The program seeks to create conditions for the revitalization of mature offshore fields and to improve the economic use of accumulations of... Continue Reading →
Results from an independent prospective resource study confirm the views of Frontera and CGX Energy JV about the high prospectivity of the Corentyne North Area, Corentyne Main Area, and Demerara block, located offshore Guyana. The JV is now preparing for an exploration well in Corentyne Block slated for 2H 2021. Frontera Energy and CGX Energy,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding a piece of news published on the media about the sale of the refineries, clarifies that the dates for the signing of the purchase and sale contracts and for their effective transfer to the buyers (respectively signing and closing) are internal estimates subject to alterations, since they depend on... Continue Reading →
Austrian crane provider Palfinger has secured a contract with Malaysian Yinson to provide cranes, lifeboats, a rescue boat, and davits for an FPSO bound for Brazil. Yinson secured a contract from Petrobras for the delivery, operation, and maintenance of an FPSO for the Marlim 2 oil field in the Campos Basin off Brazil in March 2020.... Continue Reading →
Maritime and offshore classification society American Bureau of Shipping (ABS) has granted Approval in Principle (AiP) to South Korea's Hyundai Heavy Industries’design for a Floating Storage and Offloading (FSO) vessel that is planned for operations in Mexican waters. The two-million-barrel cargo tank capacity design was reviewed for its compliance with the ABS Guide for Floating... Continue Reading →
(Reuters) - U.S. oil producer Hess Corp has been selected to market two Guyana crude oil shipments as the emerging oil power seeks a permanent partner to handle its share of a major offshore oil find, the country’s vice president said on Tuesday. The South American country has became an oil hotspot after a consortium... Continue Reading →
SBM Offshore is pleased to announce the successful pricing of an US$850 million non-recourse senior secured notes transaction in a 144A/Reg S offering by a subsidiary company. The issuer of the notes is Guara Norte S.à r.l. (Guara Norte), which owns the FPSO Cidade de Ilhabela. SBM Offshore owns 75% of the equity in Guara... Continue Reading →
The ANP released today the Monthly Bulletin on Oil and Natural Gas Production, with detailed data on national production for December 2020. This month's publication also includes a special insert with the consolidated data of production in the year 2020. The Bulletin can be accessed on the page https://www.gov.br/anp/pt-br/centrais-de-conteudo/publicacoes/boletins-anp/boletim-mensal-da-producao-de-petroleo-e-gas-natural. That year, production registered records in... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on October 1, 2020, informs that the bidding process started on August 3, 2020 was ended, with no valid proposals, and that the company published, on today's date, Bid Notice 002, aiming to determine a new deadline for the accreditation of companies that manifest interest... Continue Reading →
