The opening of the bidding proposals for Maintenance and Repair Services of Offshore Platforms with parts supply (UN-BC) is scheduled for next Friday, at 3 pm. There are four lots that have the following reference prices from the state company: Reference budget: - LOT 1 - R$ 734,833,180.14 - LOT 2 - R$ 189,492,230.76 -... Continue Reading →
IBAMA RELEASES LICENSE TO INSTALL THE SECOND ANTICIPATED MERO PRODUCTION SYSTEM
The development stage of the Mero field, within the Libra area, will enter a new phase. Petrobras obtained the environmental license for the installation of the asset's second Early Production System (SPA 2), located in the Santos Basin. The document was issued this month by the Brazilian Environmental Institute (Ibama) and will be valid for... Continue Reading →
C-Innovation snaps up Caltex
C-Innovation, an affiliate of Edison Chouest Offshore, has acquired the controlling interest in Caltex Oil Tools. Houston-based company has a core management team with more than 65 years of experience in deep water, remote technologies and intervention solutions. The Caltex team should enable C-I to further expand its engineering and subsea service capabilities in order... Continue Reading →
Valaris gains access to additional liquidity
Offshore drilling contractor Valaris has executed a new term loan credit agreement, gaining access to additional liquidity as it is working through its Chapter 11 bankruptcy process. Valaris voluntarily filed for a Chapter 11 financial restructuring in the United States Bankruptcy Court for the Southern District of Texas in August 2020. Valaris said at the... Continue Reading →
Evidence found by Petrobras in the Campos Basin pre-salt is of natural gas
Petrobras identified the presence of hydrocarbons in the first pioneer well drilled in block C-M-657, in the Campos Basin pre-salt. The indications are of natural gas, according to information sent by the company to the National Agency of Petroleum, Natural Gas and Biofuels (ANP), this week. Well 1-BRSA-1376D-RJS, nicknamed Naru, was drilled 308 km from... Continue Reading →
Modec signs contract with GranEnergia
After months of negotiation, the two companies closed a deal, and are expected to sign a contract today for the campaign to support units in Brazil. The contract will have a firm term of 300 days, with the possibility of extension. GranEnergia's UMS Venus will support three Modec FPSOs and one FSO as January, installed... Continue Reading →
Petrobras on Revolving Credit Lines
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 08/25/2020, 07/27/2020 and 03/20/2020, informs it has made the total prepayment of the remaining balance of its revolving credit lines denominated in US dollars, in the amount of US$ 2.0 billion. With this prepayment, the company currently has US$ 7.6 billion available... Continue Reading →
Petrobras on agreement with Sete Brasil
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on June 24, 2020, informs that its Executive Board approved a second alteration to the deadline for certain precedent conditions set forth in the agreement with Seven Brazil to be implemented. Thus, the effectiveness of the agreement and other related contracts will depend on... Continue Reading →
Petrobras on Tupi field
Petróleo Brasileiro S.A. - Petrobras informs that the accumulated production of the Tupi field, located in the pre-salt of the Santos Basin, approximately 230 km from the coast of the state of Rio de Janeiro, reached 2 billion barrels of oil equivalent (boe) on July, 2020, according to the Brazilian National Agency of Petroleum, Natural... Continue Reading →
Brazil: Total Transfers Foz do Amazonas Block to Petrobras
French oil major Total will transfer its rights in five blocks in Foz do Amazonas Basin off Brazil to Brazil's national oil company Petrobras, and exit the basin. To remind, Total earlier in September announced its decision o give up operatorship over the five exploration blocks 120 kilometers offshore Brazil. The decision came almost two years after... Continue Reading →
