9/3/18 Petrobras will use flexible lines in the connection of the submarine systems of the revitalization project of Marlim and the integrated system of Parque das Baleias, in the Campos and Espírito Santo basins, respectively. The subsea configuration of the projects will be made up of flexible pipes for production, gas lift / services, export... Continue Reading →
Petrobras Calling of General Extraordinary Meeting
Rio de Janeiro, September 03, 2018 – Petróleo Brasileiro S.A – Petrobras informs , according to the CVM and B3 rules to Level 2 of corporate governance listed companies, 30 days in advance calling of General Extraordinary Meeting on 10/04/18, to deliberate on the following matters: I. Election of two members of the Board of... Continue Reading →
J2 Subsea Secures Brazilian Order
J2 Subsea, an Acteon company, has secured an order for its 4 Port Tool Changers in collaboration with Palm Tecnologia for a MOBO intervention campaign offshore Brazil planned for 2018. The J2 Subsea 4 Port Tool Changers enable ROVs to connect with tools subsea with zero leakages. The tool changer has been tested and rated... Continue Reading →
SBM Offshore reaches final settlement with Brazilian prosecutor
Dutch FPSO provider SBM Offshore has reached a deal with the Brazilian prosecutor under which the prosecutor will refrain from initiating new legal proceedings against the company related to legacy bribery issues in Brazil. Following a leniency agreement in July with Brazilian Authorities CGU (Ministério da Transparência e Controladoria-Geral da União) and AGU (Advocacia Geral da... Continue Reading →
Petrobras, Total ink deals for Brazil government share of pre-salt oil cargo
Brazil’s state-run oil company Petrobras (PETR4.SA) and France’s Total (TOTF.PA) on Friday agreed to buy millions of barrels of oil cargo from the Brazilian government, its first successful auction of its share of output from the pre-salt offshore play. Read more
Exclusive: Brazilian leftist meets investors to tame fears of PT return to power
Fernando Haddad, the Workers Party vice-presidential candidate who could be catapulted to Brazil’s presidency if Luiz Inacio Lula da Silva is barred from running, has quietly met with major investors to tame fears of a leftist return to power. Read more
Petrobras Third Phase of the Diesel Price Subvention Program: Adjustment of sale prices
Rio de Janeiro, August 31, 2018 – Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on 8/7/18, informs that, due to the methodology established in the National Agency of Petroleum, Natural Gas and Biofuels (ANP) Resolution no. 743, of 8/27/18, the diesel price increase in the international market, and the exchange rate... Continue Reading →
Brazil’s economic growth picks up in second-quarter despite truckers’ strike
The Brazilian economy accelerated slightly in the second quarter despite a nationwide truckers’ strike, as a slow and uneven recovery rumbled on ahead of presidential elections in October. Read more
TDI-Brooks Deploys Proteus in Brazil Under TGS Contract
TDI-Brooks International has, under contract with TGS, deployed the R/V Proteus to Brazil to begin an offshore coring program with advanced geochemistry analysis. The multi-client program in Brazil will span over 4 months for the Proteus, to include 330 Piston Cores, 33 JPCs and 33 HF sites, with a second phase to start early 2019. The... Continue Reading →
Guyana: Tullow eyes first Orinduik well location as Exxon hits ninth discovery
ExxonMobil’s latest oil discovery offshore Guyana has de-risked the Tullow-operated Orinduik block, making Tullow almost ready to pick the location for the first well on this license. ExxonMobil on Thursday announced a new oil discovery of 60 meters (197 feet) of net pay of high-quality, oil-bearing sandstone reservoir in the Hammerhead-1 well located in the Stabroek... Continue Reading →
Brazil Energy Insight 