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 →
Yinson, Sumitomo eyeing Marlim FPSO JV
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 →
Noble Energy takes over operatorship in Shell’s Colombia offshore blocks
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 →
South America resists electric vehicles as local fuels remain in favor
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 →
Petrobras announces early tender Results and Early Settlement for Cash Tender Offers
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 →
Minister: Transfer of Rights surplus auction will avoid “loss” of US $ 7 bi / year
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 →
Shell to create in Macaé a gas-to-energy transformation system
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 →
Petrobras makes discovery in the Recôncavo
3/26/19 Petrobras registered a new discovery in the field of Jandaia Sul, in the Recôncavo Basin. Evidence of oil was found in well 7-JNDS-3DP-BA. The onshore field was acquired by Petrobras in the 12th Round of concessions, with 100% participation. In January, production of Jandaia Sul was 64 bopd and 351 m³ / d of... Continue Reading →
Ocyan partners with Canadian company Tube-Mac
3/26/19 Ocyan has partnered with Canada's Tube-Mac to provide pipeline installation and assembly technology solutions to the offshore segment. The company has technology that allows the installation and assembly of pipes by cold and weldless connections. Abroad, the solution is used by Equinor, Shell, Chevron, Aker Solutions and NOV. The initiative of Ocyan is part... Continue Reading →
Petrobras announces changes in diesel pricing
Rio de Janeiro, March 26, 2019 - Petróleo Brasileiro S.A. - Petrobras informs that yesterday its Executive Board approved a change in the frequency of diesel prices adjustment. Diesel prices at the company's refineries, which correspond to around 54% of the final consumer prices, will be adjusted by periods of not less than 15 days.... Continue Reading →
