Brought to you by Quest Offshore & Southern Cone Consultants
The merger between offshore vessel specialists Tidewater and Gulfmark will create the world’s largest OSV fleet owner, with the second-ranked highest valued OSV fleet. This is according to VesselsValue, a website providing global vessel and rig fleet valuations, who also used to opportunity to share the list of the top five OSV owners by the... Continue Reading →
Brazilian prosecutors have charged former Vantage Drilling CEO Paul Bragg of corruption and money laundering. The prosecutors claim Bragg paid $31 million to Petrobras employees in exchange for drilling contracts, O’ Globo reports. According to reports, former Petrobras international branch director Jorge Zelada, and manager Eduardo Vaz Musa took the bribes. Read more
7/17/18 ExxonMobil, Sonangol and Maha Energy requested ANP to change the local content of their contracts in the Ceará, Potiguar and Recôncavo basins, involving a total of 11 blocks (nine onshore and two offshore). The new requests were sent at the end of last week and are being evaluated by the Local Content Superintendent of... Continue Reading →
7/17/18 The Ecology and Environment of Brazil signed with the ANP a R $ 3.72 million contract to make the environmental assessment of the sedimentary area (AAAS) of the Sergipe-Alagoas and Jacuípe (AAS). The study aims to consolidate the knowledge of the sedimentary basins, pointing out environmental risks and potential economic activities that could be... Continue Reading →
7/17/18 Norteng presented the lowest price for Petrobras' tender for the construction of the Comperj pipe-rack in Itaboraí (RJ). The company's offer was approximately R $ 160 million, surpassing MIP Engenharia's bid of approximately R $ 170 million. Other bids underway at Comperj are for the construction of the Integrated Control Center (ICC) and for... Continue Reading →
7/16/18 Request for extension is denied, and Petrobras discusses subsea to shore alternative for the project By Claudia Siqueira ANP's Board of Directors denied Petrobras' request to extend the deadline for the production of the Camarupim and Camarupim Norte offshore gas at the Espírito Santo Basin. In addition to requesting a postponement until January 2023,... Continue Reading →
Twenty companies showed an interest in participating in the 5th round of bidding, including Petrobras, ExxonMobil and Total. The information was disclosed by the ANP on Friday (13/7), during a public hearing for the next auction, in Rio de Janeiro. The bidding notice will be similar to that of the 4th round, providing for a... Continue Reading →
Vitol Group, the world’s largest independent oil trader, is launching a new fund to invest in wind farms in Europe, joining a string of oil majors making moves into renewable energy. “We see that challenge facing electricity markets and we are also evolving our business model to adapt to this future,” Simon Hale, investment director at... Continue Reading →
Rio de Janeiro, July 16, 2018 – Petróleo Brasileiro S.A. – Petrobras reports that, in June, its total production of oil and gas, including natural gas liquids (NGL), was 2.62 million barrels of oil equivalent per day (boed), with 2.53 million boed produced in Brazil and 98 thousand boed produced abroad. Total production operated by... Continue Reading →
Norway’s Solstad Farstad has won new contracts and extensions of six offshore vessels. According to the shipowner, BP Egypt has declared the one-year option on the PSV Sea Swift resulting in continuous utilization of the vessel through to August 2019. Equinor Brasil has extended present contracts for the PSV’s Far Scotsman and Far Serenade with... Continue Reading →
Brazil Energy Insight 