Sept 27, 2109 The governor of Amazonas, Wilson Lima, announced on Thursday (26), the arrival of Eneva Company, which will begin, on October 11, the process of installing equipment for drilling and exploration of natural gas in a area between the municipalities of Silves and Itapiranga, in the Azulão natural gas field. “The state of... Continue Reading →

Brazilian police on Friday raided the homes of Banco do Brasil (BBAS3.SA) managers suspected of involvement in a 200 million reais ($48 million) money laundering scheme, police said, the latest phase of Brazil’s massive Car Wash corruption scandal. According to the Federal Public Prosecutors office, police are investigating allegations that managers at three branches of... Continue Reading →

Sep 26, 2019 New times for the Brazilian Petroleum Institute (IBP), which should confirm, in the coming weeks, economist Clarissa Lins as the new president of the institution. The appointment of the executive was approved this week by the Board of Directors of IBP. The next step now will be the voting of the members... Continue Reading →

26/09/19   The Brazilian Oil Agency (ANP) published on 09/02/2019 Report No. 005/2019 of the Local Content Superintendence (SCL), with guidelines regarding the Certification of Local Content for Joint Charter Parties of Support Vessels and Aircraft. The ANP considers that joint contracts are service contracts involving labor associated with the use of machinery or equipment.... Continue Reading →

Italian offshore energy services major Saipem and the Finnish company Wello have signed a memorandum of understanding (MoU) to optimize wave energy converter Penguin technology. The objective of the agreement is the development of future initiatives in the sector. Saipem will support Wello to optimize the installation procedure and operability of the WEC Penguin technology.... Continue Reading →

Brazil’s environmental agency Ibama said on Thursday that an analysis of a vast oil spill along the country’s northeastern beaches showed the spilled crude did not originate in the country. Ibama said in a statement that it had been investigating the spill in several beaches in some northeastern states since Sept. 2. Local media showed... Continue Reading →

The risks of betting on Mexico, with its staunchly leftist government, and Brazil, which is run by a hard-right administration, are more even now than they have been for six years - according to traders in credit default swaps (CDS). Risk premia for both countries have improved in 2019, but the advantage Mexico once enjoyed... Continue Reading →

Sept 26, 2019 Eneva identified evidence of oil and gas during the drilling of well 4-ENV-6-MA in the Fazenda Tianguar  discovery area. The company had already found gas fluids last month at the well, located in block PN-T-48, in the Parnaíba Basin. The company said the volumes and eventual savings of accumulation will be determined... Continue Reading →

Oilfield services company TechnipFMC and classification society DNV GL have entered into a partnership to develop the oil and gas industry’s first methodology for qualifying the integrity of digital twin technology. DNV GL said that the methodology would bring a level playing field to the sector’s varying technical definitions of, and expectations towards digital twins.... Continue Reading →