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April 4, 201932 One of the main suppliers of engines and generators for thermoelectric plants in Brazil, the Finnish manufacturer Wärtsilä believes that the worst moment of the Brazilian economy has passed and foresees the resumption of the pace of business in the energy and oil and gas segments in the coming years. The new... Continue Reading →
April 4, 2019 The ANP published 12 extracts of additive terms of local content in the Official Journal of the Union (DOU) this Thursday (4/4). The terms refer to requests made by Dommo Energia, in relation to block BM-C-39; Central Resources (BT-POT-54); Petrobras and Equinor (ES-M-468 and ES-M-527); Vipetro Petroleum (LD_R13AM); Cowan Oil and Gas... Continue Reading →
Brazil Mines and Energy Minister Bento Albuquerque said on Thursday that he is optimistic that there will be a deal by next week resolving the government’s dispute with Petroleo Brasileiro SA over the offshore oil-producing zone known as the transfer of rights area. Albuquerque said he hoped for a deal in time for the National... Continue Reading →
Natural Gas Açu (GNA), which develops the first thermoelectric project in Porto do Açu (RJ), announced that it has closed agreements for long-term financing for the project. It also announced the contract with Siemens of € 1 billion to build and operate the GNA I UTE. In total, two financing agreements were signed: US... Continue Reading →
April 3, 2019 Petrobras is licensing a campaign to acquire 4D seismic data, with nodes, in the Jubarte field, in the Parque das Baleias, in the Espirito Santo part of the Campos Basin. The campaign will last 161 days. 4D seismic technology is being used for continuous seismic monitoring of oil reservoirs. A pioneering... Continue Reading →
MOSCOW -- More than 30 Gazprom Neft research geologists and IBM Research Brazil machine-learning research scientists have come together for the first time to share their unique knowledge, experience and skills in a research project, “Cognitive Geologist”*. The cooperation agreement signed by both companies aims at the development of state-of-the-art broad AI technologies, such as,... Continue Reading →
Neodrill, the innovator in pre-rig well construction technology through its CAN technology, has announced new solutions for subsea templates. This technology is now available to subsea equipment suppliers for worldwide use through licences from Neodrill. Continue reading
Oil and gas company Eco Atlantic has raised cash through a share placement with the proceeds aimed at funding of offshore wells in Guyana. Eco said on Thursday it has conditionally raised, in aggregate, $17 million before expenses through an oversubscribed placing and subscription of, in aggregate, 16,159,695 new common shares of no par value... Continue Reading →
Three groups presented new proposals to buy 90% of the Associated Gas Transporter (TAG) of Petrobras. In addition to the Belgian franc Engie, which had exclusivity to negotiate the terms of the contract with Petrobrás, the Mubadala fund and a consortium led by Macquarie/Itaúsa returned to the dispute. The result should be known between Thursday... Continue Reading →
The dispute over the acquisition of the four Sete Brasil drill rigs will be between the Keppel Fels shipyard and Magni Partners, the only groups that formalized an interest in the deal on the 27th of March. According to documents and minutes of the process to which BE Petróleo had access, Keppel presented a proposal... Continue Reading →
Brazil Energy Insight 