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Offshore drilling companies Ensco and Rowan have amended the terms of the previously proposed merger, with Rowan board accepting Ensco’s improved offer for the all-stock merger. Under the amended agreement, Rowan shareholders will receive 2.750 shares of Ensco for each share of Rowan they own. All other terms and conditions of the agreement entered... Continue Reading →
The Brazilian Association of Machinery and Equipment (Abimaq) and the National Union of Naval & Offshore Construction and Repair Industry (Sinaval) are still hoping to negotiate better local content conditions for the next rounds of exploration auctions, which will take place in 2019. In the last revision of regulation, in April last year, in addition... Continue Reading →
01/28/2019 For Prumo, the year 2018 was an important achievement. Prumo is a multi-business economic group responsible for the development of the Açu Complex, the largest port, industrial and energy complex in Brazil, located in São João da Barra, in the North of Brazil. Over the last year, Açu received 2,535 vessels, 6% more than... Continue Reading →
January 29, 2019 The search for self-sufficiency in oil production and the discovery of the pre-salt catapulted Brazil to the frontier of innovation in the sector. Overcoming technological and logistical challenges in large-scale oil and gas extraction has resulted in world production records. In December 2018, for example, Petrobras broke the monthly record of production... Continue Reading →
Rio de Janeiro, January 28, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that yesterday (01/27), there was a fire in the storage area of materials used in oil exploration and production activities, located in the Intermodal Terminal of Serra (“TIMS”), in the municipality in the metropolitan region of Vitória. The fire originated in the... Continue Reading →
Venezuelan opposition leader Juan Guaido’s team of advisors is rushing to take control of the country’s main foreign asset, U.S. refiner Citgo Petroleum, before a potential bond default that could leave almost half the company in creditors’ hands, sources close to the talks told Reuters on Monday. Guaido, who proclaimed himself president last week and... Continue Reading →
1/28/19/19 Petrobras postponed to February 4 the date of delivery of the proposals of the bid for the charter of drill rig for the so-called pool, with capacity to operate in water depth of 2 thousand m. The deadline was scheduled for January 28, but the bidding committee postponed the date again shortly after it... Continue Reading →
1/28/19/19 Petrobras has opened a tender to charter a vessel of the SDSV (Shallow Diving Support Vessel) type to carry out specialized technical services for inspection and maintenance of submarine systems and equipment, with diving up to 50 m. The vessel may be operated at any point along the Brazilian coast in a water depth... Continue Reading →
January 27, 2019 After a meeting last Thursday with Economy Minister Paulo Guedes in Davos, Switzerland, Total CEO Patrick Pouyanné headed to Brazil. Tomorrow, he meets with the director general of the National Petroleum Agency (ANP), Décio Oddone, at the agency's headquarters in Rio de Janeiro. Total is now the only private pre-salt production... Continue Reading →
Brazil’s offshore construction specialist, the Estaleiros do Brasil Ltda. (EBR), has been selected by Japan’s MODEC for the fabrication and assembly of a number of topsides process modules for a floating, production, storage & offloading (FPSO) system, the FPSO Guanabara MV31. EBR said that the scope of work to be carried out at the... Continue Reading →
Brazil Energy Insight 