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Foreign oil companies that have not joined Brazil’s last two auctions of offshore “pre-salt” fields are also unlikely to bid next year, BP Plc’s Brazil president told newspaper Valor Economico in an interview published on Wednesday. Adriano Bastos argued that, even if the pre-salt areas that have not received any bids are auctioned again with... Continue Reading →
Pirates attacked an Italy-flagged offshore supply vessel in the southern Gulf of Mexico, injuring two crew members, the Mexican Navy said on Tuesday, in the latest outbreak of robbery and piracy to hit oil platforms and infrastructure in the area. One of the crew members of the boat, Remas, received a bullet wound, and the... Continue Reading →
Nov. 12, 2019 Petrobras reports that it has started the opportunity disclosure stage (teaser) relating to the sale of its fuel, lubricant and fertilizer distribution business in Uruguay. In this project, the company aims to sell 100% of the shares held by Petrobras Uruguay Sociedad Anónima de Inversiones (PUSAI) - a subsidiary of Petrobras -... Continue Reading →
The Brazilian Institute of Oil, Gas and Biofuels (IBP) informs that engineer Cristina Pinho will assume the post of secretary general of the institution as of November 14. With extensive experience in the oil and gas industry and senior management roles, Cristina worked for 31 years at Petrobras, where she held leadership activities in the... Continue Reading →
TechnipFMC has announced its intent to sell the G1201 vessel as part of its overall strategy to optimize the profile and size of its subsea fleet. The oilfield services company said on Tuesday it had entered into a Memorandum of Agreement to sell the G1201 vessel. The Global 1201 is a multipurpose DP2 heavy lift... Continue Reading →
Shares of Tullow Oil and Eco Atlantic fell sharply Wednesday morning after the two companies announced the two discoveries recently struck offshore Guyana contained heavy oil with high sulfur percentage. Tullow announced the two discoveries – Jethro 1 and the Joe-1 in its Orinduik block in August and September, respectively. As previously reported, the Jethro-1 well hit 55 meters... Continue Reading →
Economists have lowered their forecasts for the Brazilian government’s primary budget primary deficit this year but raised it for next year, an economy ministry survey showed on Tuesday. The expected increase in the 2020 deficit compared with forecasts a month ago follows the disappointing ‘Transfer of Rights’ oil auction last week that analysts say will... Continue Reading →
Nov 12, 2019 Petrobras' divestment plan will gain reinforcement of major exploration and production assets, especially in the Campos Basin. The new strategy began to be reviewed by the E&P area in partnership with the Portfolio Management Executive Management following the auctions held last week. The selection of new projects for sale is expected to... Continue Reading →
Brazilian oil company Enauta – formerly known as QGEP – has awarded a new contract to Solstad Offshore’s AHTS vessel BOS Turmalina. Solstad Offshore said Tuesday the 2006-built anchor handler would go on a 1,5-year contract with Enauta during the fourth quarter of the year in direct continuation with the current charter. According to... Continue Reading →
November 12, 2019 MODEC, Inc. ("MODEC," head office: Chuo-ku, Tokyo; President & CEO: Yuji Kozai), Mitsui & Co., Ltd. ("Mitsui," head office: Chiyoda-ku, Tokyo; President & CEO: Tatsuo Yasunaga), Mitsui O.S.K. Lines, Ltd. ("MOL," head office: Minato-ku, Tokyo; President & CEO: Junichiro Ikeda) and Marubeni Corporation ("Marubeni," head office: Chuo-ku, Tokyo; President & CEO: Masumi... Continue Reading →
