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Court ruling is blow to Venezuela, which uses refineries on Curaçao to store significant portion of its oil exports Petróleos de Venezuela isn’t expected to make payments to ConocoPhillips for the expropriation of the U.S. company’s oil projects. PHOTO: ANDRES MARTINEZ CASARES/REUTERS Associated Press May 13, 2018 10:44 p.m. ET 8 COMMENTS WILLEMSTAD, Curaçao—A court on the Dutch... Continue Reading →
Norwegian energy giant Statoil will hold a general meeting on Tuesday, May 15, where its shareholders will vote on the proposal to change the company’s name, from Statoil ASA to Equinor ASA. The company on Monday said it expected to implement the name change from (and including) May 16, 2018. This also means that Tuesday, May... Continue Reading →
French oil company Total has filed an application with the Prefecture of Guiana to drill an offshore exploration well in early 2019 despite objections by Greenpeace over claims that the Amazon Reef extends to French Guiana waters. The French Guiana Maritime permit extends over more than 24,000 km2 beyond the Guianese continental shelf and largely in the... Continue Reading →
Fri, May 11, 2018, 10:16 AM The National Energy Policy Council (CNPE) published on Friday (11/5) two resolutions that deal with oil and gas exploration block bids, carried out by the ANP in 2018. CNPE Resolution 4/2018 authorizes the realization of the 5th Round of Sharing by the ANP and defines as strategic the... Continue Reading →
Ocyan plans to participate in the upcoming risers' bids for the Libra area in the Santos Basin pre-salt. The idea is to compete with a hybrid solution, developed in partnership with the English company Magma Global. Launched during the OTC in Houston, the system consists of a rigid duct wrapped by lines of composite material... Continue Reading →
Wilson Sons Shipyard is expected to complete by mid-May the conversion of a PSV (supply vessel) into OSRV (Oil Spill Combat) for Wilson Sons Ultratug Offshore, a group support company in partnership with Chile's Ultratug . The work, started in March, aims to meet a two-year agreement signed with Petrobras. In practice, the Gaivota... Continue Reading →
Rio de Janeiro, May 11, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that has made the following debt prepayments: i) US$ 300 million, on 04/26/2018, with Banco Safra, due in January 2023; and ii) US$ 600 million, on 05/10/2018, with JP Morgan Bank, with expiration date in September 2022. Petrobras will continue to evaluate... Continue Reading →
Norwegian subsea company DOF Subsea has welcomed a new pipelay support vessels to its Brazilian fleet. In a social media post on Friday, DOF Subsea informed that the Skandi Recife has joined its fleet in Brazil. Read more
March 7, 2018/Gustavo Gaudarde The P-33 FPSO completes in December 20 years of production in the Marlim field. Petrobras has updated the timeline for the Marlim field revitalization project in the Campos Basin and is anticipating the decommissioning of the P-33 FPSO. The facility, which has the capacity to produce 50,000 barrels per day... Continue Reading →
Offshore engineering, construction, and installation company McDermott International has expanded its capabilities, becoming an onshore-offshore EPCI specialist, as it closed the acquisition of CB&I on Thursday. The new company, described as the “premier, fully integrated provider of technology, engineering and construction solutions for the energy industry” will continue under the name McDermott. Read more
Brazil Energy Insight 