Dutch FPSO giant SBM Offshore has officially signed a contract for the second Fast4Ward FPSO hull with the Chinese SWS shipyard. SBM Offshore is ordering the FPSO hull on speculation and with no firm contract awarded for the FPSO. The signing ceremony in Shanghai on Wednesday coincided with the keel laying ceremony for its first Fast4Ward... Continue Reading →
Petrobras to focus on accelerating pre-salt, says Castello Branco
by epbr November 20, 2018 Economist Roberto Castello Branco, appointed by President-elect Jair Bolsonaro, to Petrobras next year, said that the focus of the company should be the acceleration of pre-salt exploration. According to him, plans for the company's future will be detailed soon, including privatizations. Yesterday (19), Bolsonaro said that Petrobras is a strategic... Continue Reading →
Siemens Advances Subsea Power Grid Trials
Siemens has completed the first phase of its Subsea Power Grid shallow water test in Trondheim, Norway. Siemens, in collaboration with industry partners Chevron, Equinor, ExxonMobil, and Eni Norge, is in the final stages of a program to develop a barrier-breaking system that will become the world’s first Subsea Power Grid designed for distribution of... Continue Reading →
Vantage settles with SEC over Brazil drillship bribery investigation
Offshore drilling company Vantage Drilling has agreed to pay a settlement fee and resolve the SEC’s investigation into a potential bribery case related to a drillship deal with Petrobras. The driller on Monday said it had concluded the settlement with the United States Securities and Exchange Commission “resolving the SEC’s investigation into possible violations of... Continue Reading →
Petrobras Analysts Say New CEO Will Curb Political Interference
Political interference in Brazil’s state-controlled energy giant Petroleo Brasileiro SA is expected to decline under its next chief executive officer, Roberto Castello Branco, which analysts say will reduce downside risks to the stock. Read more
Equinor seeks new floatel for Peregrino; market is heated
11/19/18 Equinor launched last Wednesday the 14th, an RFI (request for information) for the charter of a floatel, with capacity for accommodation for 100 people. The consultation sent to companies in the sector is destined for phase I of the Peregrino field, in the Campos Basin, currently in operation. The floatel, as requested by Equinor,... Continue Reading →
Petrobras – Clarification on News
Rio de Janeiro, November 19, 2018 – Petróleo Brasileiro S.A. – Petrobras reports that it received Official Letter No. 442/2018/CVM/SEP/GEA-1, which requests the following clarification: Official Letter No. 442/2018/CVM/SEP/GEA-1 “Dear Executive Officer, 1. We refer to the news published today by news portal G1 in the business section, under the headline "Roberto Castello Branco aceita... Continue Reading →
ANP to tender area in pre-salt won by Eni in auction suspended in 2006
The area is part of the Aram exploratory block, planned for the 6th pre-salt auction next year. November 19, 2018 Thirteen years later, the National Petroleum Agency (ANP) will enter exploratory block SM-857, in deep waters of the Santos Basin, in the 6th pre salt bidding rounds in 2019 won by Italian Eni in the... Continue Reading →
Petrobras CEO
Rio de Janeiro, November 19, 2018 - Petróleo Brasileiro S.A - Petrobras, in relation to the news published in the media, confirms that its CEO, Ivan de Souza Monteiro, will leave the company as of January 1, 2019.
Antonio Ferreira Primo takes over management at Açu Port Operations
The executive Antonio Ferreira Primo, assumed the O & G Business Development Directorate of Porto de Açu Operações, a company of the Prumo Group. He will be responsible for implementing the strategy to operate in the O & G market and attract new players from the segment to the Açu Complex in São João... Continue Reading →
Brazil Energy Insight 