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BELLA (Building Europe Link to Latin America) consortium, whose leading investor is the European Commission, has signed a contract agreement with EllaLink, a private consortium, to launch the deployment of an underwater fibre optic cable connecting Europe and Latin America. Read more
10/08/2018 Dome, a partnership between Prumo Logística and GranIHC, will warm stack Seadrill's drill ship, West Carina, at Açu Port. The drill ship docked at Terminal 1 of the port since the end of July, will remain for up to 90 days, with the possibility of extending this deadline. In addition to the mooring of... Continue Reading →
08/09/18 At least six prospects are already licensed for the campaign in 2019 With the success of the Polvo field revitalization campaign, PetroRio is expected to start at least one more ring fence drilling campaign in 2019, company director of operations Roberto Monteiro said. The estimate is that there are already six licensed prospects ready... Continue Reading →
The ANP announces this Friday (10/8) a new tender for the 5th pre-salt auction, which will take place on October 28th. The announcement is needed after the changes indicated by the Union Court of Auditors, which eventually increased the minimum share of Union oil in the areas of Saturno and Tita. The TCU increased... Continue Reading →
Dutch FPSO supplier SBM Offshore is awaiting the Liza 2 field sanction in Guyana so it can deliver its largest ever capacty FPSO for the ExxonMobil-operated project. The company is already building an FPSO, converted from a VLCC, for the first phase of Exxon’s Liza field development, that should come on stream in 2020. In... Continue Reading →
Brazilian independent oil company QGEP has reduced average daily oil production from its Atlanta field offshore Brazil. QGEP said on Wednesday that, since the initial production started on May 2, the Atlanta field’s reservoir “satisfactorily corresponded to the company’s expectations.” However, due to the malfunction of the well pumps immediately after startup, the pumps on... Continue Reading →
Rio de Janeiro, August 9, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that it has received a return of R$ 1.034 billion through cooperation and leniency agreements signed with individuals and legal entities by the Federal Public Prosecutor's Office in Curitiba and by the Office of the Attorney General in Brasília under Operation Car... Continue Reading →
The Brazilian Fiscal Authority has again updated the "Questions and Answers" contained in the Repetro Manual, and included important clarifications regarding the definitive modality of importation within the scope of Repetro-Sped. Firstly, the possibility of replacing the beneficiary was confirmed, before the end of the 5 year suspension period, in relation to goods imported... Continue Reading →
August 09, 2018 BE Petroleo presents Petrobras estimates for offshore drilling and completion operations Petrobras' demand for offshore wells is expected to grow again in 2019 after four years of decline. According to company estimates to which BE Petróleo had access, 47 wells to be drilled and the completion of 50 wells for next year,... Continue Reading →
Offshore driller Vantage Drilling saw its revenue rise and net loss narrow in the second quarter of 2018. The Cayman Islands exempted company recorded a 2Q revenue of around $60 million, an increase compared to $53 million in the second quarter of 2017. Read more
Brazil Energy Insight 