9/14/18 Leonardo Junqueira leaves the presidency of the joint venture in Brazil and command passes the hands of Argentine Repsol Sinopec has a new CEO, Argentine Mariano Ferrari, replacing Brazilian Leonardo Junqueira. The move was formalized this September. Mariano Ferrari was Repsol's president in the US, a position he held for two years. Graduated... Continue Reading →
Petrobras selects Zentech for engineering support work
Brazilian oil company Petrobras has selected a Brazilian subsidiary of Houston-based Zentech for a contract to provide engineering support for its fleet of ship-shape and semi-submersible type floating production, storage and offloading platforms along with the fixed gathering and processing platforms. This award is for a three-year period, with the option to extend in the future,... Continue Reading →
Wishful thinking? Government wants to leave six oil auctions approved for next administration
The federal government intends to leave six petroleum auctions approved for its successor, three auctions of concession areas and another three of the pre-salt areas. The information is from the Secretary of Oil and Gas of the Ministry of Mines and Energy (MME), João Vicente Vieira, who participated in Rio de Janeiro seminar Resumed and... Continue Reading →
QGEP leaves Pernambuco-Paraíba Basin
09/13/18 The Company had already requested postponement of the exploratory period of PEPB-M-894 and 896 last year QGEP returned blocks PEPB-M-894 and PEPB-M-896, in the Pernambuco-Paraíba Basin. The company operated the two blocks acquired in the 11th round in 2013 with a 30% stake, in partnership with Petra. With this, the operator will no... Continue Reading →
BW expects to renew agreements with Petrobras
9/13/18 Charter of the FPSOs City of São Vicente and City of São Mateus ends in 2019 BW Offshore wants to renew this year with Petrobras the agreement to charter the FPSOs Cidade de São Vicente and Cidade de São Mateus. The contractual period of the two vessels ends in 2019, with an extension option... Continue Reading →
DOF closes AUV campaign with Petrobras
9/13/18 Company will acquire data in the Barracuda and Caratinga fields, in the Campos Basin DOF Subsea signed a contract with Petrobras to provide data acquisition services with AUV (autonomous underwater vehicle) in the Barracuda and Caratinga fields, in the Campos Basin. The work in the fields, which are located in water depths ranging from... Continue Reading →
Total enters Orinduik block offshore Guyana
French oil major Total has exercised its option to acquire a 25 percent working interest in the Orinduik block offshore Guyana after a competent persons report identified potential for almost three billion barrels of oil equivalent. Eco Atlantic, a partner in the Tullow-operated Orinduik block, said on Thursday that Total E&P Activités Pétrolières, a wholly-owned... Continue Reading →
Petrobras Arbitration in Argentina
Rio de Janeiro, September 12, 2018 - Petróleo Brasileiro S.A. – Petrobras informs that it was served yesterday of an arbitration filed by Consumidores Financieros Asociación Civil para su Defensa ("Association") against the company and other individuals and legal entities, before the “Tribunal de Arbitraje General de la Bolsa de Comercio de Buenos Aires”. Among... Continue Reading →
Petrobras no longer functions as an arm of government, says ANP director
September 13, 2018 The director general of the National Agency for Petroleum, Natural Gas and Biofuels (ANP), Décio Oddone, believes that the oil and gas sector in Brazil is facing an unprecedented moment in its history, marked by the shrinking performance of Petrobras and the approximation of the national market to the global with regard... Continue Reading →
Brazil’s Lula Names Heir Amid Heated Presidential Campaign
Brazil’s imprisoned leader Luiz Inacio Lula da Silva on Tuesday endorsed his running mate Fernando Haddad as his party’s presidential candidate after electoral officials barred the leftist icon from running in the October election. The endorsement came just before the end of a Sept. 11 deadline for the Workers’ Party to name a replacement for Lula, who... Continue Reading →
Brazil Energy Insight 