Petrobras is seeking a partner to develop the production of its deepwater projects in the state January 13, 2019 The decision of STF President Dias Toffoli to overturn the injunction granted by Minister Marco Aurélio de Mello that suspended the effects of Decree 9.355 / 2018 and made it difficult to sell Petrobras assets releases... Continue Reading →
Supreme Court Judge Toffoli overturns injunction that makes it difficult to sell Petrobras assets
President of the Federal Supreme Court annulled the decision of the Minister Marco Aurélio de Mello that suspended decree edited by Michel Temer January 12, 2019 The president of the Federal Supreme Court (STF), minister Dias Toffoli, overturned on Saturday the decision of Minister Marco Aurélio de Mello that suspended the effects... Continue Reading →
Exclusive: Trafigura refuses to hand over emails in Brazil bribery case
Commodities trader Trafigura [TRAFGF.UL] has refused a judge’s order to hand over the email archives of two former executives in Brazil who are facing corruption charges over accusations they bribed officials at state-run oil firm Petroleo Brasileiro. Brazilian federal prosecutors on Friday demanded in a court filing that the Switzerland-based firm preserve the emails. They... Continue Reading →
Offshore Executives to Address Industry
Top executives from Halliburton, PetroRio and Porto do Açu Operacoes will assemble Feb. 20-21, 2019 to address a wide array of international and Brazilian delegates at Global Offshore Brazil Summit. Key agenda topics include Strategies for Mature Fields and Enhanced Recovery Techniques, with a particular focus on improving reservoir exposure from Halliburton’s Technology Manager, Andy Grossman.... Continue Reading →
Guyana: CGX, Frontera amend financing and farm-in deals. Drilling schedule unchanged
CGX Energy and Frontera Energy Corporation have amended a letter agreement to extend the time of launch of the equity financing in the amount of approximately $20 million. Frontera said on Friday that the launch would occur on or before February 6, 2019, and anticipated to be completed on or before March 15, 2019, subject... Continue Reading →
Ibama has new directors defined
January 11, 2019 - Ibama's Environmental Protection Directorate (Dipro) will be headed by Olivaldi Alves Borges Azevedo). It is the board responsible for inspection and environmental emergencies, for the authorization for maritime transport of dangerous products (TPP) and that analyzes the requirements of transfer of oil cargo and offshore products, ship-to-ship operations. Olivaldi replaces Luciano... Continue Reading →
Seacor Marine expands fleet with three fast support vessels
Announcing the deal on Thursday, Seacor Marine said it had operated the acquired vessels for the past ten years under a revenue sharing pooling agreement along with four of its owned FSVs of similar specification. As part of the transaction, this pooling agreement was terminated. Seacor explained that this would eliminate a negative adjustment in... Continue Reading →
The Winners and Losers of Big Oil’s Offshore Spending Revival
After four years of cutbacks, oil companies are poised to open their purses again and develop new offshore fields, although the benefits won’t be spread equally across the companies who provide them everything from seismic surveys to pumps and turbines. The long-awaited spending rebound will re-energize oil-services providers that have survived the deepest crisis in... Continue Reading →
Congressmen file bills to end the pre salt polygon and production sharing
January 9, 2019 Congressmen, Mendonça Filho (DEM-PE) and Eli Corrêa (DEM-SP) filed bills 11191/2018 and 11211/2018, respectively, to end the pre-salt polygon area of the Campos, Santos and Espírito Santo. Mendonça Filho also signed PL 11192/2018, which determines the end of the production sharing regime and opens the possibility for the government to convert the... Continue Reading →
Prysmian develops cables for implementation of phase II of exploration in the Equinor Peregrino field
09/01/2019 Prysmian is involved in another ambitious project in the Peregrino field, located in the Campos Basin and operated mainly by Equinor in partnership with Sinochem. With investments of US $ 3.5 billion, the second phase of the exploration project consists of the installation and operation of a third fixed platform (WHP-C) in the field,... Continue Reading →
Brazil Energy Insight 