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Danish maritime industry giant A.P. Moller Maersk is still aiming to sell its offshore drilling and offshore supply vessel businesses by the end of 2018, despite recent reports claiming the drilling business sale might spill over into 2019. The company in 2016 split its business into one focused on shipping and logistics, and the other... Continue Reading →
An emerging market rout has forced Brazil’s central bank to renege on its own guidance by cutting short its most aggressive easing cycle in a decade in a surprise decision. Policy makers led by Ilan Goldfajn on Wednesday left the benchmark Selic rate unchanged at 6.50 percent, a move forecast by only two of 39... Continue Reading →
French geophysical player CGG returned to quarterly profit, following successful completion of financial restructuring during the first quarter of 2018. For the first quarter of 2018 CGG posted a profit of $646.6 million compared to a loss of $145.1 million in the same period of 2017. CGG’s revenues for the first quarter of 2018 dropped... Continue Reading →
Attached please find presentation Pedro Parente-Itau BBA's 13th Annual-Ingles
Rio de Janeiro, May 16, 2018 – Petróleo Brasileiro S.A. – Petrobras reports that, in April, its total production of oil and gas, including natural gas liquids (NGL), was 2.68 million barrels of oil equivalent per day (boed), with 2.59 million boed produced in Brazil and 95 thousand boed produced abroad. Total production operated by... Continue Reading →
Borr raises $350 million in a matter of minutes as it takes a new bite out of the distressed asset fleet. Whatever you think of Borr’s latest jackup deal with Keppel FELS, the fact is that they’re eating up the market while everyone else watches. Yesterday, Borr announced the acquisition of five more premium newbuild jackups... Continue Reading →
French energy and gas group Engie said it is negotiating with Petrobras to buy the gas pipeline network of the oil company, the Transportadora Associada de Gas (TAG). Confirming a Reuters report, Engie Chief Executive Isabelle Kocher told analysts that the company - which has large investments in Brazil's electric power sector - wants... Continue Reading →
Açu Petroleo wants to make its terminal (T-Oil) in Açu Port (RJ) the main option for exporting oil to private oil companies in Brazil, says company president Victor Snabaitis Bomfim. The executive bet on the capacity to receive larger ships as a differential of the project, which carried out its first transhipment operation with a... Continue Reading →
05/16/18 Petrobras postponed the deadline for submitting bid proposals to contract integrated logistics services for Libra, in the pre-salt of the Santos Basin. This is the second postponement of the bid, previous date was the 14th of May. In a circular sent to competitors, the oil company said that it needed more time to respond... Continue Reading →
FPSO operator BW Offshore has contracted liquid handling and pump specialist PG Flow Solutions to supply water booster pumps for the Polvo FPSO life extension project in Brazil. PG Flow said on Wednesday that the scope of work was the engineering, procurement, assembly of pump skid, and commissioning of two produced water booster pumps in... Continue Reading →
Brazil Energy Insight 