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July 09, 2019 Director General of the ANP, Décio Oddone bets on a "significant" return to onshore in the next five years Investment in mature fields in Brazil is an absolute priority of the ANP, said the director general of the agency, Décio Oddone, during a public hearing in the Chamber of Deputies. "The capillarity... Continue Reading →
July 9, 2019 Wintershall Dea is licensing an exploratory well in the POT-M-857 block area, in deep waters of the Potiguar Basin, in Rio Grande do Norte. The company informed Ibama that it intends to use a drillship with dynamic positioning to carry out the campaign, which will use the Port of Natal as a... Continue Reading →
Dutch heavy lifting and transportation company Mammoet and its UK rival ALE have revealed they’ve been in talks over a purchase agreement. In a statement on Monday, the two companies said that, if the talks are successful, Mammoet would acquire the British heavy lift and transport specialist ALE. “Should these discussions result in a signed... Continue Reading →
Finland’s technology group Wärtsilä has signed a five-year optimized maintenance agreement with subsea services specialist Sapura Brazil. Wärtsilä said on Monday that the agreement, signed in June 2019, covered Sapura’s fleet of six pipe-laying support vessels (PLSVs). According to the company, the deal will support the fleet’s operational performance, increase both its efficiency and reliability... Continue Reading →
Singapore-based offshore drilling rig constructor Sembcorp marine has filed “a suspicious transaction report“ to the Singapore police following last week’s police raid of its subsidiary’s offices in Brazil as part of a bribery probe. Companies in Singapore are required to file a Suspicious Transaction Report if they have reasonable grounds to suspect that any of... Continue Reading →
Rio de Janeiro, July 8, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that it signed an Agreement with the Administrative Council for Economic Defense (CADE), which consolidates understandings between the parties on the promotion of competition in the natural gas industry in Brazil, including the sale of shareholdings in companies operating thereof. The purpose... Continue Reading →
July 6, 2019 Chevron has begun licensing an exploratory well for the S-M-764 block area in the Santos Basin pre-salt. The company indicated to IBAMA that, depending on the result of the first well, it can drill a second well in the area, bought in the 15th round of the ANP, held in the past.... Continue Reading →
Petrobras is splitting its petroleum trading unit into a division for domestic markets and another for international markets. “The change aims to align Petrobras with movements in the sector and bring more synergies, innovation and agility to its trading unit,” Petroleo Brasileiro SA, as the Brazilian state-controlled oil producer is officially known, said in an emailed... Continue Reading →
They rally around him. Though it has little to do with him and more to do with proving a point: their side is right, the other side is wrong and mean and oppressive and — cranking up the volume on the social-media outrage machine — fascists suffering from all sorts of social phobias. Ex-president Luiz... Continue Reading →
Brazilian House speaker Rodrigo Maia said on Saturday he expects the lower Congressional House to begin voting on the pension reform bill on Tuesday. After a meeting with Congressional leaders on Saturday in Brasilia, Maia said he will begin discussing the bill with party leaders on Monday and expects voting to begin late on Tuesday.... Continue Reading →
Brazil Energy Insight 