05/23/2019 - The development of the Libra block, in the Santos Basin pre-salt, prompted Petrobras and partners to embark on a journey of unique innovation. The peculiar conditions of the mine, unparalleled in the industry - with a high presence of carbon dioxide and contaminants, in ultra-deep waters of up to 2,200 meters - led... Continue Reading →

May 23, 2019 ANP approved exploratory programs for the Dois Irmãos, Uirapuru, Três Marias and Saturno blocks, acquired in 2018 The ANP approved, last Wednesday (22/5), the minimum exploratory programs of the Dois Irmãos, Uirapuru, Três Marias and Saturno blocks, acquired in the fourth and fifth rounds of the production sharing regime in 2018. Together,... Continue Reading →

London-based private equity firm Blue Water Energy is buying Heerema Marine Contractors’ Pipeline Technique Limited, a provider of pipeline welding, field joint coating, and spoolbase services to the energy industry. PTL is headquartered in Huntly, UK with additional worksites in the USA, Middle East, Brazil and South East Asia delivering solutions for offshore and onshore... Continue Reading →

FPSO leasing specialist BW Offshore is looking to spin off its E&P subsidiary BW Energy as a separate company and is planning to list it on the Oslo Stock Exchange. “BW Offshore plans to establish BW Energy as a separate E&P company and will invite external investors into the company to finance the development of... Continue Reading →

Rio de Janeiro, May 22, 2019 –Petróleo Brasileiro S.A. – Petrobras, following up in the release dated 04/26/2019, reports that its Board of Directors approved the model for the additional sale of its stake in Petrobras Distribuidora (BR) to be carried out through a secondary public offering (follow-on). After the offering, the remaining of Petrobras’... Continue Reading →

The political noise that sent the Brazilian currency tumbling past 4 per dollar hasn’t changed You-Na Park’s bullish stance. The Commerzbank analyst is sticking to her forecast that the real will strengthen to 3.60 per dollar by the end of the year, provided the government can deliver on its flagship pension overhaul bill. The optimism... Continue Reading →

5/22/2019 The boards of directors of TGS and Spectrum unanimously approved the merger between the companies. The merger plan will now be sent to Norway's regulatory register, and the transaction is expected to be finalized on June 21 of this year, when general meetings of the companies will be held. The combination, which will spawn... Continue Reading →

5/22/2019 New routes to deliver the natural gas produced in the pre-salt could require US $ 2 billion in investments, according to the Energy Research Company (EPE). The pipelines under study would each have the capacity to transport 10 million m³ / d to 15 million m³ / d  - more than doubling the volume... Continue Reading →

Norwegian offshore vessel operator DOF Subsea and DOF subsidiary Norskan offshore have been awarded a total of three contracts for operations offshore Brazil. DOF Subsea said on Wednesday that the first contract was awarded by Sapura Energy in the northeast of Brazil for final client Centrais Elétricas de Sergipe (CELSE). The contract is for the... Continue Reading →

BP’s shareholders have voted in favor of Climate Action 100+ shareholder resolution on climate change disclosures, but have rejected Follow This shareholder resolution on emission targets. To remind, BP itself said in February it would support the resolution for to broaden its corporate reporting to describe how its strategy was consistent with the goals of... Continue Reading →