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March 18, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the release dated 01/15/2020, announces the beginning of the binding phase regarding the sale of its entire interest in two sets of offshore concessions, called Golfinho Cluster and Camarupim Cluster, located in deep waters, in the Espírito Santo Basin, in Espírito Santo state. Qualified... Continue Reading →
Lankhorst Offshore reports it has been awarded a contract by SBM Offshore to supply the deepwater mooring lines for the Liza Unity Floating Production Storage and Offloading (FPSO) for ExxonMobil’s Liza oil field offshore Guyana, South America. This follows the deployment of Lankhorst mooring lines for the Liza Destiny FPSO mooring system also in the... Continue Reading →
Mar 18, 2020 It is premature to discuss the postponement of auctions for oil exploration areas in 2020, defended the president of IBP, Clarissa Lins, in an interview with Estadão. The current planning is to carry out this year, the 17th concession round and the 7th pre-salt sharing auction. - "At the moment, the most... Continue Reading →
Mar 18, 2020 Objective is to inventory and evaluate the conditions of wells and structures to include new assets in the Permanent Offer regime The ANP reported that it is inspecting fields with marginal accumulations to include them in the Permanent Offer. The objective is to inventory and evaluate the conditions of the wells and... Continue Reading →
Mar 18, 2020 Petrobras may evaluate the possibility of short-term adjustments to its business plan, which includes investments and divestments for a period of five years, while the crisis generated by the coronavirus and an oil price war declared by Saudis bring the commodity's quotations to a minimum. since 2016. "We are going to assess... Continue Reading →
March 18, 2020 The president forwarded to the Senate on Tuesday (17) the indication of two names for the boards of the National Electric Energy Agency (Aneel) and the National Agency of Petroleum, Natural Gas and Biofuels (ANP). The nominations were published in the Federal Official Gazette (DOU) and need to be approved by senators.... Continue Reading →
Brazilian oil and gas company Petrobras has informed that the hull of the FPSO P-71 has arrived from China to a Brazilian shipyard for integration with other modules. Petrobras said on Tuesday that the hull of the FPSO P-71 had arrived in Espírito Santo on March 16. The trip began on December 12, 2019, when... Continue Reading →
Oil and gas company BW Energy, with assets in Gabon and Brazil, has decided to cut down its planned Gabon investments by 50 percent, citing coronavirus outbreak, oil price uncertainty, and restriction on international travel. "The impact of international travel restrictions is limiting the Company’s ability to move essential personnel, subcontractors and equipment to and... Continue Reading →
Brazil will seek authorization for a state of emergency to allow it to scrap fiscal targets and free up funds to combat the coronavirus crisis, the government said on Tuesday, as President Jair Bolsonaro announced his second COVID-19 test was negative. In a statement from the presidency, the government said it will ask Congress to... Continue Reading →
The recent collapse in oil prices could chop $300 million to $600 million off 2020 exploration budgets in Brazil, which has emerged as one of the world’s hottest offshore oil plays, specialists at consultancy Wood Mackenzie told Reuters. Before oil prices collapsed in the wake of failed OPEC talks earlier this month, the consultancy had... Continue Reading →
