11/04/2019 Maha Energy is preparing a new well to start production at the Tiê field in the Recôncavo Basin. The oil company reported that the Attic well (7-TIE-1D-BA) reached 2,607 m depth, intersecting all defined targets, including the formation of Boipeba. The company added that the tests carried out in the Água Grande and Sergi... Continue Reading →

Oceaneering has launched a new global Engineering Consultancy, aimed at delivering specialist technical engineering solutions that complement its existing Asset Integrity business. The new consultancy will increase global demand for specialist technical services across the energy industry, and its focus will be to solve complex and niche integrity issues for customers through a range of... Continue Reading →

Offshore drilling companies Ensco and Rowan have completed the previously announced merger deal, creating a new company named Ensco Rowan. Ensco Rowan is now the world’s largest offshore drilling company by fleet size. The merger completion follows the satisfaction of the transaction’s closing conditions including approval by each company’s shareholders and sanction by the UK... Continue Reading →

The World Bank’s board of executive directors has approved a $20 million credit from the International Development Association (IDA) to strengthen institutions, laws, and regulations to promote good governance and a prudent management of Guyana’s oil and gas sector. Announcing the credit last week, the World Bank noted Guyana’s position among the 25 largest oil reserve-holders... Continue Reading →

10/04/2019 A new survey by KPMG consultancy indicates that the state of Rio de Janeiro had 75 mergers and acquisitions in the year 2018, a considerable increase compared to the 62 operations registered in the previous year. The main highlight was the oil and gas sector, which had the largest number of transactions of type... Continue Reading →

April 9, 2019 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announced today the final results of its previously announced debt tender offers (the “Waterfall Offers”). As of 11:59 p.m., New York City time, on April 8, 2019 (the “Expiration Date”) holders of US$1,867,021,000 and €371,098,000 principal amount of the outstanding notes of the... Continue Reading →

Rio de Janeiro, April 09, 2019 - Petróleo Brasileiro S.A. - Petrobras, following up on the press realease disclosed on 04/05/2019, regarding the competitive sale process of 100% of Liquigás Distribuidora SA, informs that the new Teaser, which contains the main information about the opportunity, as well as wider eligibility criteria for the selection of... Continue Reading →

Forum Subsea Technologies has secured orders from DOF Subsea to supply three of its Ultra Compact Perry XLX-C work-class remotely operated vehicles (ROVs). DOF Subsea will deploy the vehicles onto three of its ROV support vessels for recently awarded projects in Brazil. Continue reading

Oilfield services provider TechnipFMC has been awarded a significant subsea contract for Lapa field located offshore Brazil.  The contract was awarded by Total, on behalf of the Lapa field consortium comprised of Total (35%), Shell Brasil Petróleo Ltda. (30%), Repsol Sinopec Brasil S.A. (25%) and Petrobras (10%). The value of the contract for TechnipFMC is... Continue Reading →