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The worldwide offshore rig count in May 2019 dropped by 11 units sequentially but was up 43 rigs year-over-year, according to monthly rig count reports by Baker Hughes, a GE company (BHGE). BHGE splits its rig counts into international and North America rig counts, which combined make the worldwide rig count. Baker Hughes said on Friday... Continue Reading →
Offshore drilling contractor Seadrill has named a new chief financial officer (CFO) of the company. Seadrill said on Thursday that it named Stuart Jackson as the company’s CFO, effective upon release from his current employment expected by the beginning of August. He will replace Seadrill Limited CFO Mark Morris who announced he would step down... Continue Reading →
Rio de Janeiro, June 6, 2019 – Petróleo Brasileiro S.A. – Petrobras informs that today the Plenary of the Federal Supreme Court (STF) reversed the provisional injunction granted by Minister Ricardo Lewandowski in ADI 5624, which conditioned the sale of control of subsidiaries and subsidiaries of state-owned companies to prior legislative authorization and public... Continue Reading →
June 6, 2019 Secretary of Economic Development of RJ considers scenario with an increase of 35 floating rigs and 50 FPSOs in the country Brazil will demand 270 new vessels to support E & P activities by 2030, considering the potential of the assets that will be auctioned as of this year. The estimate is... Continue Reading →
Occidental Petroleum’s $38 billion acquisition of rival Anadarko has moved closer to completion it has the U.S. antitrust regulators have given it an approval. Occidental informed on Tuesday the U.S. Federal Trade Commission had granted early termination of the waiting period under the HSR Antitrust Improvements Act of 1976, thus concluding the antitrust review of... Continue Reading →
ExxonMobil has committed to further investing in Block 15 offshore Angola with the aim to boost oil output. ExxonMobil said Wednesday the decision made with its partners was part of an agreement with Angola’s recently established National Agency for Petroleum, Gas, and Biofuels. As part of the agreement, Sonangol, Angola’s state oil company, will receive... Continue Reading →
05/06/2019 The National Agency for Petroleum, Natural Gas and Biofuels (ANP) published, on May 15, 2019, the Notice of Public Consultation and Public Hearing No. 10/2019, related to the 6th Round of Production Sharing Bidding. There will be 5 blocks of high potential, being these: Aram, Bumerangue, Cruzeiro do Sul, Sudoeste de Sagitario and Norte de... Continue Reading →
Brazilian lender Caixa Economica Federal is considering taking steps that would force Odebrecht SA to seek bankruptcy protection, according to people with knowledge of the matter. The government-owned bank is planning to ask the holding company to accelerate debt payments by triggering a cross-default clause after Odebrecht’s ethanol unit Atvos SA filed for court protection from creditors... Continue Reading →
The Brazilian government on Tuesday paved the way for ethanol makers to sell the fuel directly to gas stations, by passing a resolution to boost fuel industry competition, although additional legislation is required to bypass fuel distributors. The resolution by CNPE, the energy policy council, includes the option for direct sales by mills. Brazil’s Economy... Continue Reading →
6/5/2019 Ocyan completes four years of deepwater technology on the Brazilian coast with controlled pressure drilling (MPD or Managed Presure Drilling), ensuring greater operational safety in the development of complex wells. Since the end of 2014, the company has drilled 20 wells with this technique, mainly operated by the rigs: ODN I, ODN II and... Continue Reading →
Brazil Energy Insight 