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Brazil’s growth forecasts fell for a seventh consecutive week as economists assessed the impact of a nationwide trucker strike, growing emerging market turbulence and domestic uncertainty ahead of the October presidential election. Economists in a weekly central bank survey lowered their 2018 estimate for gross domestic product to 1.76 percent, the lowest level for the... Continue Reading →
Rio de Janeiro, June 15, 2018 – Petróleo Brasileiro S.A. – Petrobras reports that, in May, its total production of oil and gas, including natural gas liquids (NGL), was 2.67 million barrels of oil equivalent per day (boed), with 2.57 million boed produced in Brazil and 96 thousand boed produced abroad. Total production operated by... Continue Reading →
Rio de Janeiro, June 15, 2018 - Petróleo Brasileiro S.A.- Petrobras informs that yesterday it concluded the sale of 25% of its interest in the Roncador field to Equinor (formerly Statoil), achieving an important milestone in the strategic partnership between the two companies, as disclosed on 12/18/2017. Petrobras remains the operator of the field, with... Continue Reading →
Rio de Janeiro, June 15, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that yesterday it received correspondence from Odebrecht S.A., controlling shareholder of Braskem S.A., in which it communicates that it has initiated negotiations with LyondellBasell, a publicly-held company headquartered in Rotterdam, for a potential transaction involving the transfer of Odebrecht’s entire interest in... Continue Reading →
06/15/2018 09:59 Braskem announced on Friday (15) that its parent company, Odebrecht SA, has begun negotiations to sell its entire stake in the petrochemical company to Dutch company LyondellBasell. According to the relevant fact disclosed by the company to the market, "the negotiations are in a preliminary stage and LyondellBasell was granted exclusivity in the... Continue Reading →
Dutch offshore services provider Fugro has been hired to provide remotely operated vehicle (ROV) services to support Petrobras’ exploration and production activities in Brazil. Fugro said on Thursday the two new contracts will see Fugro’s ROV spread working round-the-clock to support drilling-related activities, such as towing, mooring, commissioning and de-commissioning, and positioning of production and... Continue Reading →
Norway’s Equinor has completed the acquisition of a 25 percent non-operated interest in the Roncador oil field in Brazil’s Campos Basin from Brazil’s Petrobras. Equinor said: “Reflecting equity volumes produced since the effective date of 1 January 2018 and the deposit paid upon the signing of the transaction, Equinor has paid Petrobras an adjusted cash consideration... Continue Reading →
6/14/18 Ten companies presented proposals to Petrobras' bid to contract integrated logistic support services for Libra, in the Santos Basin pre-salt. Among them are four shipping companies: CBO, Farol Apoio Marítimo, Oceanpact and Magallanes Navegação / Wilson Sons Ultratug, which is part of the Group Brasco, operator of port terminals in Rio de Janeiro. Also... Continue Reading →
06/13/18 The E & P commitments agreed by operators with ANP for 2018 foresee the drilling of approximately 190 wells, according to agency estimates. That number is well below the 300 originally forecast for 2017. Of the total foreseen for this year, 161 are associated with the asset development phase, with a large majority (45.6%)... Continue Reading →
06/13/18 Petrobras postponed the delivery date of bidding proposals to charter two new FPSOs to Marlim and an FPSO to Parque das Baleias, in the Campos Basin. Both tenders were due to open on 20 June. The date of Marlim was redirected to 9 of August and the one of the Parque das Baleias to... Continue Reading →
Brazil Energy Insight 