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 pre-registered for the 5th round of bidding
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 →
Oil Trader Vitol Embraces Clean Energy With New Wind Power Fund
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 →
Petrobras Oil and natural gas production in June
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 →
New deals for Solstad Farstad’s offshore vessel sextet
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 →
TechnipFMC inks three-year services deal with Petrobras
Oilfield services provider TechnipFMC has been awarded a three-year master services agreement by Petrobras in Brazil, with a two-year renewal option. This contract for subsea services covers components for both the subsea equipment and flexible pipelines, TechnipFMC said on Tuesday. The scope of work includes maintenance services, technical assistance, inspection and end-fitting re-termination of flexible pipes and... Continue Reading →
Modec hires Prosafe unit for work in Brazilian waters
Prosafe, an operator of offshore accommodating units known as flotels, has been awarded a contract by Japan’s Modec for the provision of a semi-submersible accommodation vessel. Prosafe said on Tuesday that the contract was awarded by Modec’s subsidiary, Modec Serviços de Petróleo do Brasil. Read more
WoodMac: OPEC to keep its role of key oil supplier until 2040
OPEC will maintain its role as a key oil supplier through to 2040, although output from non-OPEC producers will help ensure adequate supply in the years to 2030, according to global energy consultancy company Wood Mackenzie. Read more
Premier selects Dril-Quip to deliver subsea systems for Sea Lion
Oilfield services provider Dril-Quip has entered into a letter of intent with Premier Oil to provide subsea production systems for the Sea Lion Phase 1 Development located offshore the Falkland Islands. The letter of intent was entered into with Dril-Quip’s wholly-owned subsidiary based in Aberdeen, Scotland, Dril-Quip (Europe) Limited. Read more
Tidewater and GulfMark combine to create industry’s largest OSV fleet
U.S.-based OSV operator Tidewater and its compatriot GulfMark Offshore have decided to combine to create a new player with the largest fleet in the OSV sector. The two companies informed on Monday that the boards of directors of both companies have unanimously approved a definitive agreement to combine the two companies. This combination, if consummated, will... Continue Reading →
Brazil Energy Insight 