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3/13/19 The fleet of maritime support vessels in the country is expected to grow by 15% by 2023, jumping from 367 registered in January this year to 415 boats, according to a projection by the Brazilian Association of Maritime Support Companies (Abeam). The increase is associated with demand from Petrobras and private oil companies (IOCs).... Continue Reading →
3/13/19 The high global demand of the FPSOs market seems already to affect Petrobras' bids. Like the Marlim and Mero 2 processes, the oil company attracted just two companies - Yinson and Bluewater / Saipem - for the FPSO charter bid for Parque das Baleias. The receipt of bids occurred on March 1, and since... Continue Reading →
United States ethanol exporters are likely to face increased competition in one of the few foreign markets where they have been able to deliver large volumes in recent years, the North and Northeast regions of Brazil, an industry association chief said. Ironically, that competition would come in the form of corn-based ethanol common in the... Continue Reading →
MOSCOW – At the end of 2015, managers at Rosneft, the Russian state-controlled oil firm, sounded the alarm to their bosses about the company’s investments in Venezuela. Rosneft’s local partner, Venezuelan state oil company PDVSA, owed it hundreds of millions of dollars, according to internal documents, and there seemed no prospect things would get better. “It... Continue Reading →
Offshore driller Vantage Drilling sank deeper into the red in the last quarter of 2018 when compared to the prior-year period as its rig utilization and revenues dropped. The driller also revealed itself as the buyer of the Soehanah rig, increasing its jack-up fleet to five units. In its financial report on Thursday Vantage said... Continue Reading →
March 14, 2019 Funding of US $ 3 billion will reduce the cost of the state's total indebtedness Petrobras has taken advantage of the improvement in the international environment for Brazil - with a drop in the cost of CDS (credit default swaps) - to raise US $ 3 billion in bonds with maturities between... Continue Reading →
March 13, 2019 CGG began licensing a seismic data acquisition campaign that will last a year in the Santos Basin. Named as Santos Phase X Project, Antares will campaign for areas to be auctioned by the National Petroleum Agency at the 6th, 7th and 8th pre-salt auctions, scheduled to take place this year, 2020 and... Continue Reading →
Offshore driller Rowan Companies has been awarded a drilling contract for a jack-up rig with Repsol in Guyana. Rowan said on Wedensday it had signed a contract for the EXL II, a high-specification Super 116E Jack-up rig, for work in Guyana. The contract is for one well beginning in the third quarter of 2019 with... Continue Reading →
Australian oil and gas company Karoon, with assets in Australia, Brazil, and Peru, is setting itself for growth through asset acquisitions. In a letter to shareholders, the company’s new chairman Bruce J Phillips said that, after evaluating various options to boost returns for shareholders, the board has decided to press ahead with the acquisition of... Continue Reading →
EIG Global Energy Partners plans to bid for Petrobras’s TAG natural gas pipeline network as the Brazilian oil giant is giving bidders just another three weeks to raise their offers. The state-run company released details on the leading offer to the other two competing groups, and they’ll have until April 2 to come up with final bids, EIG... Continue Reading →
Brazil Energy Insight 