June 01, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 05/04/2020, announces the beginning of the non-binding phase regarding the sale of its stake (35%) in the Manati Field, a shallow water maritime production concession located in the Camamu Basin, in the State of Bahia. Potential buyers qualified for this... Continue Reading →
Petrobras completes the sale of seven onshore fields – Macau Cluster
May 29, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the release dated 08/09/2019, reports that it has completed today the sale of its entire interest in seven onshore production fields, located in the Potiguar Basin, in the state of Rio Grande do Norte, to SPE 3R Petroleum S.A., a wholly owned subsidiary of... Continue Reading →
Equinor receives license from Ibama for seismic survey in blocks BM-S-8 and North of Carcará
May 29, 2020 Ibama granted a 3D seismic survey license with ocean-bottom nodes (nodular receptors positioned on the seabed) to Equinor for blocks BM-S-8 and North of Carcará - where the Bacalhau and North of Bacalhau fields are located - in the Basin Santos. The campaign will be carried out by Seabed's SR / V... Continue Reading →
ANP approves Petrobras exit of Lapa
May 29, 2020 The ANP board approved the assignment of the remaining 10% stake in Petrobras to Total in the BM-S-9A concession contract, where the Lapa field is located, in the Santos Basin pre-salt. The operation was authorized by Cade in August 2019. As a result, the Lapa consortium in the Santos Basin pre-salt will... Continue Reading →
Saipem and BW target Gato do Mato
May 29, /2020 Saipem and BW Offshore (BWO) signed a memorandum of understanding to form a partnership in the FPSO segment. Recently sewn by the directors of the companies in Italy and Norway, the agreement was confirmed to PetróleoHoje, focusing, at first hand, the exclusive Shell bid for the FPSO of Gato do Mato, in... Continue Reading →
Chevron plans to reduce workforce by up to 15 per cent this year
Oil major Chevron is planning to reduce its nearly 45,000-strong workforce by 10 to 15 per cent this year due to negative impacts of the coronavirus pandemic coupled with a sharp decline in oil and gas prices. Chevron has already revealed how it plans to mitigate the effects of the current market environment. Continue reading
Siem Offshore gets breathing room after standstill deal with lenders
Norwegian shipping company Siem Offshore has found a way to improve its cash flow and liquidity to be able to operate in a challenging offshore market by entering into a standstill agreement with its lenders. Siem Offshore on 26 May 2020 entered into an agreement with the group’s secured lenders in Europe and Norway for... Continue Reading →
External funding to Brazil beginning to normalize: presentation
(Reuters) - Brazil’s Central Bank monetary policy director Bruno Serra said on Thursday that external funding to the country is beginning to normalize, one day after state-controlled oil company Petroleo Brasileiro SA (PETR4.SA) sold $3.25 billion in bonds. Serra, in a presentation released on Thursday, said central bank intervention on forex worked well and said... Continue Reading →
DOF Subsea books NOK 1.5 billion loss
DOF Subsea has reported loss in Q1 2020 of NOK 1.5 billion, against NOK 25 million in Q1 2019. Earnings hit was due to depreciation and impairment of NOK 976 million. This was because of the weakening market for vessel services and the low demand visibility for services going forward. Continue reading
Investors Sue Oxy over Anadarko Deal
Occidental Petroleum Corp has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7 billion to acquire Anadarko Petroleum Corp. The proposed securities class action was filed late Tuesday in a New York state court in Manhattan... Continue Reading →
