Rio de Janeiro, July 25, 2018 – Petróleo Brasileiro S.A. – Petrobras in relation to the news published in the media about the shallow water disinvestment project in the Enchova and Pampo Clusters, located in Rio de Janeiro state, clarifies that this is a competitive process that follows the company’s Disinvestment Methodology, in line with... Continue Reading →
Exclusive: EIG-backed group in exclusive talks for mature Petrobras oilfield clusters
Brazilian state-controlled oil company Petroleo Brasileiro SA has chosen to enter exclusive talks to sell two shallow water mature oilfields to a group backed by EIG Global Energy Partners, two people familiar with the matter said. Brazilian energy firm Ouro Preto Óleo e Gás, backed by EIG, made the top bid for the so-called Pampo... Continue Reading →
Chevron has shelved the project for the redevelopment of the Frade field in the Campos Basin
7/25/18 Lack of interest from partners in making new investments motivated decision Chevron has shelved the project for the redevelopment of the Frade field in the Campos Basin. The venture was scheduled for 2019, but was canceled, for now, due to the lack of interest of partners to make new investments. The plans originally foresaw... Continue Reading →
Two more oil companies ask for flexibility of local content, says ANP
7/25/18 Two other oil companies - Sweden's Maha Energy and Britain's Chariot Oil & Gas - have filed applications with the National Petroleum, Natural Gas and Biofuels Agency (ANP) to adhere to new rules that make the local content policy more flexible. In April, ANP published a resolution regulating the waiver (request for exemption from... Continue Reading →
Third drillship to reach Guyana in 4Q. There’s room for 5 FPSOs in Stabroek block
Following ExxonMobil’s series of oil discoveries offshore Guyana, the company is preparing to bring a third drillship to boost its drilling campaign in Guyana’s giant Stabroek offshore block later this year. This is not news in itself, as Exxon has revealed these plans earlier when announcing the Longtail offshore discovery in June, however, Hess, Exxon’s... Continue Reading →
BHGE in the Mero FPSO
7/24/18 Company signs contract with Modec to supply equipment to Petrobras platform BHGE has entered into a contract with Modec to supply the Mero 1 FPSO gas turbines, which will be installed in the pre-salt field of the Santos Basin. This is the second newbuild by Petrobras in which the company is present. In... Continue Reading →
Helix Energy back to the black
Houston-based oil services company Helix Energy Solutions returned to profit in the second quarter of the year helped by higher revenues from its Well Intervention and Robotics businesses. Helix on Monday reported net income of $17.8 million for the second quarter of 2018 compared to a net loss of $6.4 million for the same period... Continue Reading →
Halliburton Announces Second Quarter 2018 Results
Halliburton Company (NYSE:HAL) announced today income from continuing operations of $511 million, or $0.58 per diluted share, for the second quarter of 2018. This compares to reported income from continuing operations for the first quarter of 2018 of $46 million, or $0.05 per diluted share, and adjusted income from continuing operations for the first quarter... Continue Reading →
Energy giants opening natural gas spigots, fueling profit rise
The world’s largest oil companies are pumping more natural gas than ever before, helping to spur a rise in profits while sating rising global demand for fuels that can mitigate global greenhouse gas emissions. This marks a shift over the past decade for an industry that once focused predominantly on crude oil, with gas in... Continue Reading →
EPE: 15 regasification terminals under study
7/23/18 Projects of regasification terminals for liquefied natural gas (LNG) under study can add to the country a regasification capacity of up to 153 million m³ / day, considering the expansion of the Açu Port terminal. EPE data show that there are 15 projects in different stages of maturation, from those that are still in... Continue Reading →
