Rio de Janeiro, May 14, 2018 - Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact from 10/26/2017 and to the press release from 12/15/2017, reports that the Brazilian Stock Exchange B3 authorized the company’s access to the special listing segment Level 2 of Corporate Governance. As from today, Petrobras' shares will start being... Continue Reading →
Brazil election poll shows right-winger Bolsonaro holds lead
Right-wing Brazilian presidential candidate Jair Bolsonaro held on to his lead in early polling ahead of October elections, with leftist Ciro Gomes challenging the more moderate Marina Silva for second place, a survey showed on Monday. Read more
Consortium signs agreement to invest in construction of Mero’s FPSO
05/14/18 Consortium formed by Modec, Mitsui, Mol, Marubeni and Mitsui E & S signed an agreement to invest in the construction of the FPSO of the first definitive system of the field of Mero, in the block of Libra. The Libra consortium chartered the FPSO Guanabara MV31 for 22 years to Modec, according to a... Continue Reading →
Petrobras tenders for Mero with operation for December 2019
05/14/18 The Libra consortium last week launched a tender for chartering two deepwater rigs to the Mero field. The deadline for submission of proposals is 2 August. The surprise of the process was due to the start-up period of the units, set for December 2019 and not staggered from July this year. The market predicted... Continue Reading →
Where next for jack-up rates?
Analysis of RigLogix data shows that recently, jack-up day rates around the world had risen to slightly above operating costs, allowing rig owners to finally make a little profit. That trend may not continue in all regions. In 2017, jack-up day rates in the Middle East and Southeast Asia, although not much above operating costs,... Continue Reading →
Conoco Seizes Venezuelan Oil Assets in Curaçao
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 →
Statoil to change name to Equinor this week
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 →
Total gears up for exploration well in French Guiana waters despite Greenpeace criticism
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 →
CNPE authorizes 5th Round of Sharing and defines local content for Permanent Offer
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 wants to participate in the next subsea bids for Libra
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 →
Brazil Energy Insight 