Oil workers at state-run Petroleo Brasileiro SA have begun a strike in eight Brazilian states as part of nationwide protests against a government pension reform proposal, umbrella union group FUP said on Friday. Brazil’s pension reform bill is aimed at restoring public finances and reviving a flagging economy, but is fiercely opposed by some sectors... Continue Reading →
Investor urges EnscoRowan to declare $2.5B special dividend
Offshore driller EnscoRowan has been urged by Luminus, a fund owning 4.5% of its shares, to declare a special dividend of $2.5 billion, which, the fund believes, would help the ESV share price which has been on a downward spiral for some time now and is at “1993 lows.” In a letter sent to EnscoRowan... Continue Reading →
Brazil postpones bidding round for major oil area to November 6
Brazil’s oil regulator ANP announced on Thursday preliminary rules for a major oil auction in the pre-salt area in the Santos basin and postponed the bidding round to Nov. 6 from Oct. 28. The preliminary rules will be in public consultation until July 3, according to ANP. A public hearing is expected to take place... Continue Reading →
Petrobras receives final proposals to sell Enchova and Pampo clusters
Rio de Janeiro, June 13, 2019 - Petróleo Brasileiro S.A. - Petrobras, regarding the news published in the media, about the shallow waters divestment project of Enchova and Pampo clusters, located in the Campos Basin, clarifies that on June 5, 2019 it received final offers from potential interested parties in the acquisition of said assets.... Continue Reading →
Brazil -Visa Waiver for U.S. Citizens
United States Embassy Brasilia, Brazil Message for U.S. Citizens: Visa Waiver for U.S. Citizens br.usembassy.gov The Brazilian government announced that effective June 17, 2019, a visitor visa (electronic or paper) will not be required for U.S. citizens to travel to Brazil for the purposes of tourism, business, transit and artistic and sportive activities, for stays... Continue Reading →
Carlos Tadeu Fraga takes command of Prumo (Porto do Açu)
June 12, 2019 Carlos Tadeu da Costa Fraga will assume the presidency of Prumo Logística as of the beginning of July, in place of José Magela Bernardes. According to sources, the invitation to the executive, who is currently CEO of Açu Operations Port, was made by the CEO of EIG Global Energy Partners and chairman... Continue Reading →
Rosneft signs Letter of Intent with the state of Amazonas
Rosneft was received yesterday by the governor of Amazonas, Wilson Lima, who signed a term of intent with Vladimir Lyakhovich, general director of the company in Brazil, stating that operations in the Solimões Basin are priorities for the development of the state. - Rosneft resumed drilling operations in the region in 2017, having drilled five... Continue Reading →
Trump administration sued over offshore safety rules rollback
Ten environmental groups on Tuesday sued the Trump administration over recent changes in the Obama-era offshore safety rules put in place in 2016, in the aftermath of the 2010 Deepwater Horizon disaster in the Gulf of Mexico. “[The 2016 Well Control Rule] required drilling operators to implement many of the drilling practices and technology upgrades... Continue Reading →
Shawcor Bags $49M in Pipe Coating Contracts
Shawcor’s pipe coating division has entered into several contracts with an international EPC contractor to provide coating services for offshore pipeline projects. The projects include: Petrobras’ Mero in Brazil; ConocoPhillips’ Tor 2 in Norway; BP’s Atlantis in the Gulf of Mexico; Energean’s Karish in the Mediterranean Sea; Shell’s Powernap in the Gulf of Mexico; Equinor’s... Continue Reading →
Petrobras seeks new RSVs
June 11, 2019 Petrobras has launched a tender to charter vessels to support remote-operated submarine robot operations (RSVs). The competition is divided into two lots, the first of which provides for a two-year contract, and the second, a three-year agreement. The deadline for submission of proposals ends on July 10. The vessels should be equipped... Continue Reading →
Brazil Energy Insight 