Brought to you by Quest Offshore & Southern Cone Consultants
Rio de Janeiro, April 05, 2019 - Petróleo Brasileiro SA - Petrobras informs that, in the scope of the competitive sale process of 90% of Transportadora Associada de Gás SA ("TAG"), ENGIE group, jointly with the Canadian investment fund Caisse de Depot and Placement du Quebec ("CDPQ"), presented the best proposal, representing an Enterprise Value... Continue Reading →
05.April.2019 Published today the IRS Normative Ruling N. 1,880/19 which amended the Normative Rulings nº 1,415/13; 1,600/15 and 1,781/17, respectively, REPETRO, Special Customs Regime and REPETRO-SPED. Without prejudice of a more detailed analysis, we listed below the more relevant amendments to the regimes: REPETRO-SPED Revoking the need for Guarantee in all cases under the REPETRO-SPED;... Continue Reading →
Rio de Janeiro, April 5, 2019 - Petróleo Brasileiro S.A. - Petrobras, following up on the release dated 03/29/2019 on the sale of Liquigás Distribuidora S.A., informs that it will adjust the eligibility requirements for the potential investors interested in participating in the competitive sale process and that the deadline to express interest will be... Continue Reading →
Brazilian President Jair Bolsonaro is staking much of his political capital on a plan to shore up the country’s costly social security system, which he hopes will kick-start the country’s economy and boost investor sentiment. The government is, however, struggling to sell its proposal to the public and lawmakers. Legislation will almost certainly be watered... Continue Reading →
4/4/2019 The Marine Construction & Engineering (MCE) Deepwater Development conference and exhibition, a JV of World Oil and its parent, Gulf Energy Information, with Quest Offshore, was held in London at the beginning of this month. It featured an excellent technical program, as well as substantive panels of industry executives. If one could sum up... Continue Reading →
Ibama issued this Wednesday the pre-license 601/2019 for the 3rd Stage of development of production in the pre-salt of the Santos Basin, for Petrobras. The next cycle of investments in the region is scheduled to install 11 FPSOs for definitive production systems, two production pilots and another 10 long duration (TLD) or advance production systems... Continue Reading →
Australian oil and gas company Karoon has yet to find a farm-in partner for its Neon oil field offshore Brazil and is in talks with potential FPSO suppliers. The company might drill another well to de-risk the development further. Karoon last year transitioned the Santos basin blocks containing two oil fields from the exploration phase... Continue Reading →
Tender rig specialists Atlantica Tender Drilling and Energy Drilling are planning to merge into what is expected to become the second largest tender drilling contractor. The two companies on Friday signed a letter of intent for the merger. According to the announcement, operations are backed by solid backlog against Petrobras and Total and a strong track... Continue Reading →
The worldwide offshore rig count for March 2019 decreased by two units sequentially but increased by 69 units year-over-year, according to Baker Hughes, a GE company (BHGE). BHGE splits its rig counts into international and North America rig counts, which combined make the worldwide rig count. Baker Hughes said in a report on Thursday that... Continue Reading →
The Supreme Court of Canada has rejected a request to review a decision of the Court of Appeal for Ontario that a $9.5 billion Ecuadorian judgment against Chevron Corporation cannot be enforced against Chevron Canada Limited, an indirect subsidiary. The Court of Appeal for Ontario’s decision, which is now final, dismissed all claims against Chevron... Continue Reading →
Brazil Energy Insight 