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14 April 2020 Brazilian oil giant Petrobras has received commercial offers in a tender for the charter of powerful anchor-handling tug supply vessels (AHTS), but contractors submited proposals way above the company's parameters
Apr 14, 2020 Increased contingency at Petrobras. The company is serious about cutting people, reducing wages and stopping some activities. Almost 40 company platforms will stop producing oil and gas. The company sent a letter to Sindipetro informing about these actions. In the letter, the company offers three options to employees of the units that... Continue Reading →
The minimal impact on oil prices from a global deal for record output cuts showed that oil producers have a mountain to climb if they are to restore market balance as the coronavirus shreds demand and sends stockpiles soaring, industry watchers said. After several days of discussions, oil producing and consuming countries aim to remove... Continue Reading →
Apr 14, 2020 The oil price crisis, aggravated by the drop in demand due to the new coronavirus pandemic, forces large oil companies to cut costs, cut investments and concentrate efforts on more profitable assets. The scenario, however, is more complex for small and medium producers, who, in general, have fewer opportunities to reduce costs... Continue Reading →
Offshore drilling contractor Borr Drilling has received notices of early termination for several of its drilling rig contracts, but it has also been awarded new contracts for its rigs. As a result, Borr’s total revenue backlog has been impacted negatively by about $16 million. Borr said in an update on Monday it had been awarded... Continue Reading →
April 14, 2020 The ANP has postponed the deadline for submitting the declarations of commerciality of the discovery assessment plans (PADs) of Quindim (1-BRSA-936D-ESS) and Brigadeiro (1-BRSA-926D-ESS), in block ES-M-525 , in the Espirito Santo Basin. Petrobras, operator of the block, will have another 785 days, counting from July 8, 2019, to deliver declarations of... Continue Reading →
Apr 14, 2020 Petrobras will once again postpone the delivery dates for the proposals for two tenders for the chartering of offshore rigs. In the midst of the Covid-19 crisis and the ongoing contract negotiation process, the oil company evaluates postponing the dates by up to 60 days. The new delivery date for proposals is... Continue Reading →
At least one worker at Mexican state oil company Pemex's Abkatun-A processing center, in shallow waters in the Gulf of Mexico, has been diagnosed with coronavirus, two people with knowledge of the matter told Reuters. At the end of last week, executives from Abkatun-A reported internally that 21 workers, including the doctor on staff, had... Continue Reading →
Apr 14, 2020 The federal government created a new program that aims to modify the rules of the next auctions for oil and gas fields in Brazil. The information is contained in a decree published in today's edition of the Diário de Oficial da União. The text says that the objective is “to increase the... Continue Reading →
Apr 13, 2020 Chinese oil company put stake in concession operated by Petrobras for sale. Sinopec has started farm-out of its 20% stake in the BM-PAMA-8 concession in the Pará-Maranhão Basin. Purchased in the 6th ANP Concession Round, the asset comprises blocks PAMA-M-192 and PAMA-M-194, with a total area of 1,538 thousand km². Source: PetroleoHoje
