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Transocean and Ocean Rig have entered into a definitive merger agreement under which Transocean will acquire Ocean Rig in a cash and stock transaction valued at approximately $2.7 billion, inclusive of Ocean Rig’s net debt. Read more
Executives from Petróleo Brasileiro SA (PETR4.SA) will meet with economic aides to presidential candidates this month to discuss their agenda for the state-controlled oil company, newspaper Estado de S.Paulo said on Sunday. Read more
Rio de Janeiro, September 3, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that in August it executed the following operations, totaling US$ 1.45 billion: debt prepayment; term and/or cost renegotiation; and new financing, as per table below: It is the first time that the New Development Bank, a bank formed by the “BRICS” member... Continue Reading →
In July 2018, Brazil's oil and gas production was approximately 3.305 million barrels of oil equivalent per day (boe / d). 2.575 million barrels of oil per day (bbl / d) were produced, a decrease of 0.6% compared to the previous month and 1.8% compared to July 2017. Natural gas production totaled 116 million cubic... Continue Reading →
9/3/18 Açu Petróleo completed the 50th ship-to-ship operation at its terminal at Açu Port, in São João da Barra (RJ). The number represents a milestone for the company, which began operating in August 2016. Each operation moves, on average, one million barrels. "In just two years, we started the operation with VLCC (Very Large Crude... Continue Reading →
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 →
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, 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 →
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 →
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
Brazil Energy Insight 