BEI - Brazil Energy Insight wishes all our readers a happy and prosperous New Year!
HAPPY NEW YEAR 2020!
Bourbon Assets Taken Over by Creditor Banks
French marine services group Bourbon Corporation, which has been in a court restructuring process after its business was hit by volatile energy markets, said its assets would be taken over by its creditor banks. Bourbon said the Marseille commercial court had ruled that Bourbon's assets would be transferred to Société Phocéenne de Participations (SPP) from... Continue Reading →
TGS Wraps Up SeepHunter Campaign Off Brazil
Dec 19, 2019 TGS has completed a new multibeam and coring program covering over 213,0000 square kilometers in the Campos and Santos basins of offshore Brazil. This study, known as a SeepHunter campaign, includes the results of 342 conventional cores and 29 jumbo piston cores and heat probes. In additon, advanced geochemistry has been performed... Continue Reading →
Global Offshore Brazil Summit 2020 announces first speakers.
2020 Speakers Confirmed Heloisa Borges Esteves | Superintendent of Licensing Rounds Promotion ANP – Agência Nacional do Petróleo, Gás Natural e Biocombustíveis 11:45 | Tuesday, 3 March, 2020 | Regulatory Standards and Legal Outlook Session “Divestment of Mature Fields and Permanent Offer” Heloisa Borges Esteves holds a PhD in Economics from the Federal University of... Continue Reading →
Guyana Seeking Oil Buyers
Guyana has invited companies interested in purchasing the first three deliveries of the government's share of the country's looming oil production to present bids this week, the government said in a statement on Sunday. The government will later seek proposals from companies interested in a longer-term contract to market Guyanese crude, the statement said. Continue... Continue Reading →
Petrobras announces E&P teaser in the Pelotas Basin
December 16, 2019 Petróleo Brasileiro S.A. – Petrobras announces that it has started the opportunity disclosure stage ( teaser) , referring to the sale of its interest in the concession BM-P2, located in the Pelotas Basin, in the state of Rio Grande do Sul. Petrobras and Total are partners in this concession and each has... Continue Reading →
McDermott gets delisting warning from NYSE
McDermott said on Friday it was formally notified by the NYSE that the average closing price of the company’s shares of common stock had fallen below $1.00 per share over a period of 30 consecutive trading days, which is the minimum average share price for continued listing on the NYSE. McDermott’s stock last closed above... Continue Reading →
Keppel delivers another jack-up rig to Mexican operator
Announcing the delivery on Friday, Keppel said that, as part of the deal, Grupo R had entered into a sale and leaseback arrangement for the rig with a wholly-owned subsidiary of Keppel O&M. Keppel O&M will purchase the rig from Grupo R for about $190m which is the balance contract value of the rig. Keppel... Continue Reading →
Rystad: Energy projects with breakeven prices above $60 risk being uncommercial
As the world transitions to a less carbon-intensive future, Norwegian energy intelligence firm Rystad Energy forecasts that the global inventory of already discovered oil fields with a breakeven oil price of below $60 Brent (real) is sufficient to meet demand growth and offset declines from maturing fields until around 2027. From that point on, however,... Continue Reading →
Petrobras CEO Says Too Early to Make Carbon Commitment
Dec 6, 2019 The chief executive of Brazilian state-run oil firm Petroleo Brasileiro SA said on Friday it was too early to commit to a climate target and that energy companies had a range of thoughts on the matter. Asked if the firm would match a pledge similar to Spanish energy group Repsol's this week... Continue Reading →
Brazil Energy Insight 