21/02/2019 Petrobras believes that it will be possible to expand its bunker marketing in the world market by reducing the sulfur content in marine fuels established by the International Maritime Organization (IMO). The company claims that it is practically already in line with the new international rules, which predict a sulfur index below 0.5% as... Continue Reading →
US $ 11 billion in contracts in Brazil
Country to lead business associated with new offshore production projects in South America, predicts Rystad Energy New offshore production projects in Brazil are expected to move approximately $ 11 billion in contracts this year, according to Rystad Energy survey. The country will dominate the scenario in South America, with eight of the top ten... Continue Reading →
Brazil defends the exploration of the soil and the marine subsoil beyond the 200 miles at the UN
02/20/1919 Brazil presented to the United Nations a general description of the Brazilian Submission Review of the Southern Region, which aims to define the continental shelf beyond 200 nautical miles in that region. The purpose is to determine the maritime area in which Brazil will exercise sovereign rights for the exploration and exploitation of the... Continue Reading →
PetroRio to drill another 4 exploratory wells in Polvo in 2019
February 21, 2019 RIO - PetroRio announced, in a relevant fact, that it will carry out a new drilling campaign in the field of Polvo, in the Campos Basin, between the second and third quarters of this year. Up to four of 22 reservoirs with oil potential mapped by the company will be drilled. Depending... Continue Reading →
Three DOF’s ROV Support Vessels in $150M worth of charters with Petrobras
Offshore support vessel owner DOF has secured contracts for three ROV Support Vessels (RSV) with Petrobras in Brazil. All contracts have a firm duration of three years and Petrobras will have options to extend for another two years. The Skandi Commander, Skandi Olympia, and Skandi Chieftain vessel have been selected for the job, and each... Continue Reading →
S&P raises Petrobras stand-alone credit profile
Rio de Janeiro, February 21, 2019 - Petróleo Brasileiro SA - Petrobras informs that the rating agency Standard & Poor's (S&P) raised its stand-alone credit profile (SACP) to "bb" from " bb-", with a stable outlook, affirming its global rating at “BB-“. The agency noted that the revision of Petrobras' SACP reflects the company's sound... Continue Reading →
Subsea Setback for TechnipFMC
TechnipFMC has reported fourth-quarter 2018 loss of $2.26 billion or $5 per diluted share. The UK-based energy services giant booked total quarterly after-tax charges and credits of $2,22 billion, or $4.91 per diluted share. Major part of these charges included asset impairments (of close to $1.7 billion) for goodwill and other fixed assets. Adjusted net... Continue Reading →
TGS and Shearwater team up for seismic survey in Brazil
TGS has announced a new multi-client 3D seismic survey in the Campos Basin in Brazil. The survey will cover approximately 11,200 km2 within the granted permit area and will be acquired by Shearwater with the Amazon Warrior vessel. The project will be executed by the Amazon Warrior using proprietary Q technology starting in 1Q 2019.... Continue Reading →
Petrobras starts production of P-76, the third platform in the Búzios Field, in the pre-salt of the Santos Basin
Rio de Janeiro, February 20, 2019 - Petróleo Brasileiro S.A. - Petrobras announces that today it has started the production of oil and natural gas of P-76, the third platform to enter production in the Búzios field. With a daily capacity to process up to 150,000 barrels of oil and compress up to 6 million... Continue Reading →
Spectrum in seismic survey offshore Argentina
Seismic services player Spectrum is starting a new 20,000 km 2D survey in Colorado and Salado basin offshore Argentina. This new program ties with Spectrum’s existing 35,000 km survey that was acquired in 2017 for the ongoing first offshore licensing round. The survey is done in cooperation with BGP utilizing the vessel BGP Pioneer, Spectrum... Continue Reading →
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