Brought to you by Quest Offshore & Southern Cone Consultants
Offshore is ready for the limelight again. After years in the shadow of the U.S. shale patch, deep-water explorers from Royal Dutch Shell Plc to Talos Energy Inc., along with contractors such as Ensco Plc and TechnipFMC Plc, told investors at the Scotia Howard Weil Energy Conference in New Orleans this week they see a revival coming. That was a stark... Continue Reading →
March 27, 2019 Expectation is that at least two rig operators present offers for the company in judicial recovery Prices below the minimum value of US $ 554 million, few proponents and many conditions. This is the view of the market in relation to the sale of the four rigs of Sete Brasil - Arpoador,... Continue Reading →
PetroRio is now awaiting internal and external approvals to complete the acquisition of the share of Frade Japan in the field The Administrative Council for Economic Defense (Cade) has approved the purchase of Chevron's stake by PetroRio in the Frade field in the Campos Basin. As a result, the Brazilian became the operator of the... Continue Reading →
March 27, 2019 The Ministry of Mines and Energy receives five more oil companies on Wednesday the 27, to discuss the auction of the Transfer of Rights surplus - it is the continuation of the roadshow in which some rules and the profile of opportunities are being presented. - Participants, in individual meetings, the executives... Continue Reading →
Malaysia’s Yinson and Japan’s Sumitomo are planning to establish a joint venture firm for a supply of an FPSO for an offshore field in Brazil. The two companies, which in April 2018 entered into a memorandum of understanding to jointly pursue and collaborate in the leasing and operation of FPSOs, have now entered into a... Continue Reading →
U.S. oil company Noble Energy has acquired a 40 percent share in Shell’s offshore blocks in Colombia. Along with the stake, Noble Energy has also taken over operatorship over the COL-3 and GUA OFF-3 blocks covering around 880,000 hectares. President of the ANH, Luis Miguel Morelli said the Shell/Noble alliance was great news for the... Continue Reading →
Meeting in Brazil this week, auto executives from Toyota to GM talked up traditional fuel sources like ethanol, natural gas and diesel, underlining how South America’s protected auto market is likely to resist a broader global move toward electric vehicles for years to come. Even as automakers revamp their global businesses to focus on electric... Continue Reading →
RIO DE JANEIRO, BRAZIL – March 26, 2019 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announced today the early results of its previously announced debt tender offers (the “Waterfall Offers”). As of 5:00 p.m., New York City time, on March 25, 2019 (the “Early Tender Deadline”) holders of US$1,859,033,000 and €368,598,000 principal amount... Continue Reading →
March 26, 2019 According to Bento Albuquerque, the country needs to take advantage of the window of opportunity to attract investment The auction of the Transfer of Rights surplus, scheduled for October 28, will prevent Brazil from not attracting $ 7 billion in investments per year. The estimate was presented by Minister of Mines and... Continue Reading →
03/26/2019 Part of the Shell US $ 700 million Macae project will be invested in the construction of the Marlim Azul Thermoelectric Power Plant. The objective of the second largest offshore operator in the world is to create in Macaé the concept of integration between the oil and gas operation and the generation of electric... Continue Reading →
Brazil Energy Insight 