Rio de Janeiro, January 08, de 2019 – Petróleo Brasileiro S.A. – Petrobras clarifies, on news published in the press, on an eventual agreement related to the Revision process of the Transfer of Rights Agreement (“Agreement”) that: Since November 2017, the company established an internal commission, in charge of negotiating the review of the Agreement... Continue Reading →
4Subsea Delivers Report on Bonded Flexible Pipes
4Subsea has recently completed a report on bonded flexible pipes for PSA Norway (Petroleum Safety Authority). Flexible pipes expert Svein Are Løtveit is the main author of the new report “PSA Norway State of the Art Bonded Flexible Pipes 2018”. The 75-page report provides an in-depth update on bonded flexible pipes and covers most bonded... Continue Reading →
Noble drillship lands more Guyana work with ExxonMobil
Offshore driller Noble Corporation has won a contract for its drillship Noble Tom Madden with ExxonMobil in Guyana. Noble said in its fleet status report published on Monday, the 2014-built Noble Tom Madden drillship had been awarded a one-year contract with ExxonMobil in Guyana. The contract duration is from mid-February 2019 to mid-February 2020. The rig’s... Continue Reading →
Petrobras – Change in Exploration and Production Executive Office
Rio de Janeiro, January 7, 2019 - Petróleo Brasileiro S.A - Petrobras, in addition to the press release disclosed on January 4, 2019, informs that its CEO Roberto da Cunha Castello Branco, finalizing the changes proposed in his current Executive Board, appointed Mr. Carlos Alberto Pereira de Oliveirato to the Exploration and Production Executive Office.... Continue Reading →
Petrobras shares rise on report Brazil government to pay oil company $14 billion
Common shares in state-controlled oil company Petroleo Brasileiro SA rose 5.5 percent in Sao Paulo after a newspaper reported the government will pay $14 billion to the company to settle a dispute about a so-called transfer of rights area off the Brazilian coast. The Brazilian newspaper Valor Economico, which did not say how it obtained... Continue Reading →
Forum Introduces New Electric ROV
Forum Subsea Technologies has introduced an electric remotely operated vehicle (ROV) to drive cost efficiencies for the subsea sector. The recently launched XLe Spirit is the first observation-class ROV to utilize Forum’s Integrated Control Engine (ICE) to bring greater functionality. Continue reading
Head of Brazil environmental protection agency resigns
JANUARY 7, 2019 SAO PAULO (Reuters) - The head of Brazil’s environmental protection agency Ibama resigned on Monday after far-right President Jair Bolsonaro criticized the amount of money the unit spends to rent vehicles in his latest attack on the agency. Suely de Araujo had been leading the agency since 2016. An Ibama spokeswoman said... Continue Reading →
Petrobras – Final Tender Results and Final Settlement for Cash Tender Offers
RIO DE JANEIRO, BRAZIL – JANUARY 7, 2019 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announced today the final results of its previously announced debt tender offers. As of 11:59 p.m., New York City time, on January 4, 2019 (the “Expiration Date”) holders of: (i) US$1,065,388,000 principal amount of the outstanding notes of... Continue Reading →
Petrobras tenders 280 drill bits
1/7/19/19 Petrobras has launched a tender to hire drill bits. The announcement, which is available at the state-owned procurement portal (Petronect), provides for the supply of 282 drill bits for projects in Espírito Santo and Northeast. The tender is divided into 11 lots, with quantities ranging from one to 90 drill bits for delivery to... Continue Reading →
Actions to contain the oil spill in Espadarte field – Petrobras
1/7/2019 Rio de Janeiro, January 7, 2019 - Petróleo Brasileiro SA - Petrobras reports the actions taken as a result of the oil leak that occurred on January 2 in one of the tanks of the FPSO Cidade de Rio de Janeiro, a unit chartered by the company and operated by Modec do Brasil, in... Continue Reading →
Brazil Energy Insight 