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Jan 28, 2020 For the first time, an FPSO installed in the Lula field was the one that produced the most in the country The FPSO P-69 extracted 183,767 thousand boed in November 2019, occupying, for the first time, the top of the list of FPSOs with the highest production in the country, according to... Continue Reading →
As a valued Brazil Energy Insight reader, we want to extend a 10% discount at registration for Global Offshore Brazil Summit 2020 being held 3 - 4 March at the Grand Hyatt Rio Hotel. Be sure to use the following discount code when registering to attend to obtain the 10% discount. Discount Code: GB20BEI10 Visit... Continue Reading →
Tokyo, January 16, 2020 MODEC, Inc. (“MODEC”) is pleased to announce that MODEC has signed the United Nations Global Compact (“UNGC”) advocated by the United Nations consisting of ten principles on human rights, labour, environment and anti-corruption, and joined the Global Compact Network Japan, a local network in Japan. Continue reading
The United States’ change of stance to support Brazil’s bid to join the Organization for Economic Cooperation and Development (OECD) ahead of Argentina was welcomed by the Brazilian government on Tuesday. The U.S. government’s plans, after having previously said they wanted Argentina to be next in line to join the rich nations’ club, are a... Continue Reading →
Assets of the French offshore vessel owned Bourbon have been sold to SPP, a company owned by a group of French banks, following a court decision announced in December. The Marseilles Commercial Court on December 23 ruled the assets of Bourbon would be sold to Société Phocéenne de Participations (SPP), a company owned by the... Continue Reading →
The Brazilian government is studying a mechanism that would cushion the potential impact of spikes in international oil prices on local fuel prices, energy minister Bento Albuquerque said on Thursday. The recent surge in oil prices, following events in Iraq, caused Brazil’s President Jair Bolsonaro to call a meeting this week with Petrobras and energy... Continue Reading →
For the first time, China will this year allow foreign companies to explore for and produce oil and gas in the country, opening up the industry to firms other than state-run energy giants, as Beijing looks to boost domestic energy supplies. The long-awaited opening accompanies a reshuffle of the so-called "midstream" pipeline business, but experts... Continue Reading →
Premier Oil and Rockhopper, two oil companies working to develop the Sea Lion oil field offshore the Falkland Islands, have welcomed Navitas as their potential new partner in the project. The companies have signed non-binding heads of terms with Navitas Petroleum, which should lead to Navitas obtaining a 30% interest in the Sea Lion offshore... Continue Reading →
Oil prices rose a further 2% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a U.S. air strike which killed a top Iranian military commander. Brent crude futures soared to a high of $70.74 a barrel and was at... Continue Reading →
Offsore services firm Subsea 7 on Thursday announced changes to its executive management team, including the appointment of a new Chief Executive Officer and three Executive Vice Presidents, effective from January 1, 2020. John Evans is now in place as Chief Executive Officer, succeeding Jean Cahuzac who retired at the end of 2019. Evans remains... Continue Reading →
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