Rio de Janeiro, October 1, 2018 - Petróleo Brasileiro S.A. - Petrobras reports that it received the Official Letter No. 363/2018/CVM/SEP/GEA-1, which requests the following clarification: Official Letter No. 363/2018/CVM/SEP/GEA-1 “Mr. Director, 1. We refer to the news published on this date, in the newspaper “Valor Econômico”, Companies section, under the title: "Petrobras estimates that... Continue Reading →
Ibama releases P-69 to begin production in the Santos Basin
October 3, 2018 IBAMA has issued an operating permit authorizing the start of production of the FPSO P-69, in the Extreme South module of the Lula field, in the pre-salt of the Santos Basin. The permit establishes 35 conditions for the operation, such as the monitoring of cetaceans (aquatic mammals such as whales and dolphins),... Continue Reading →
Brazil investors cheer as support rises for Bolsonaro’s election bid
Brazilian markets surged on Tuesday as stronger polling for far-right presidential candidate Jair Bolsonaro and a Congressional farm caucus endorsement boosted expectations that he may block the leftist Workers Party from returning to power. Read more
Baker Hughes to bid for Petrobras production-sharing contract: Baker Hughes executive
General Electric Co’s (GE.N) unit Baker Hughes (BHGE.N) is preparing an offer for a production-sharing deal with Brazil’s Petrobras (PETR4.SA), a Baker Hughes executive said on Tuesday, as the state-run oil company seeks creative ways to boost output from mature fields. Reuters reported in June that Baker Hughes was considering a bid, while Halliburton Co... Continue Reading →
Number of blocks in the permanent offer may double
10/2/18 This increase will be due to the authorization of CNPE to include all onshore areas in the system The number of blocks in the permanent supply system may double. This increase will be due to the CNPE having authorized, at the meeting of September 11, the inclusion of all areas of land basins... Continue Reading →
Petrobras campaigns with nodes in Búzios in November
10/2/18 Seabed Geosolutions receives authorization to start seismic with nodes in the Búzios field Petrobras signed the service authorization for the beginning of the 3D seismic campaign with nodes in the Búzios field, in the Santos Basin. The mapping will be run by Seabed Geosolutions and will begin on November 1st. The two vessels... Continue Reading →
Norwegian offshore vessel owner changes name
Norwegian offshore vessel owners Solstad Farstad on Tuesday announced it had changed its name to Solstad Offshore ASA. The company will be listed on Oslo Stock Exchange with the new name Solstad Offshore ASA from October 3rd, 2018. ISIN number, instrument ID and ticker code remain unchanged. The name Solstad Farstad had been selected following the... Continue Reading →
OOS International’s new SSCV undocked from Chinese dry dock
OOS International’s newbuild semi-submersible heavy lift crane vessel (SSCV) OOS Serooskerke was undocked from China Merchants Heavy Industry (CMHI) dry dock on September 27, 2018. Once complete in the second quarter of 2019, the vessel will be ready to enter the market and able to accomplish decommissioning and other heavy lift operations worldwide. It will... Continue Reading →
Deep-water feeding frenzy in South America
Brazil and Guyana lead enthusiasm in continent’s deep waters Good reservoir quality and improved upstream terms have combined with cost declines and firmer oil prices to spark enthusiasm for deep offshore oil exploration in South America. Analysts say that while the stars of the show remain Brazil and the growing Guyana offshore province, opportunities are... Continue Reading →
Brazil’s far-right candidate Bolsonaro increases election lead: poll
Brazil’s far-right presidential candidate Jair Bolsonaro has a 10-point lead over leftist Workers Party candidate Fernando Haddad, and would tie in a second-round runoff against him next month, an opinion poll showed on Monday. Read more
Brazil Energy Insight 