4.10.2017 Stock Exchange Notice Oslo, October 4, 2017: Scatec Solar ASA (SSO) and Statoil ASA (STL) have agreed to establish a 50/50 Joint Venture to build, own and operate large scale solar plants in Brazil. The Joint Venture has an ambition to become a significant player in the Brazilian solar market. "The potential for solar energy... Continue Reading →
Private Oil Made a Big Find in Mexico. Now State Oil Wants a Cut
When private drillers struck oil off Mexico’s coast this year, they didn’t anticipate sharing it with the state oil company. It looks like they’ll have to. The discovery of as much as 2 billion barrels in July, by a group led by Houston-based operator Talos Energy LLC, grabbed the oil world’s attention. Mexico’s energy reformers celebrated. It was... Continue Reading →
Ten companies are qualified for the 2nd Round of the Pre-salt and fourteen for the 3rd.
Updated: Tuesday, 03 October 2017, 09:52 The Special Bidding Commission (CEL) concluded the analysis of requests from companies that expressed interest and requested qualification in the 2nd and 3rd Pre-Salt Rounds, which will be held on October 27. Ten companies are qualified for the 2nd Round of the Pre-salt and fourteen for the 3rd. There... Continue Reading →
Brazil’s Dicey Politics Have Traders Piling Into Election Hedges
Brazilians may be a year away from voting for their next president, but investors are already plenty worried. Measures of implied volatility for the currency show traders pricing in big swings around the October 2018 vote, even as calm pervades in the near term. The split has taken the ratio between one-year and six-month implied... Continue Reading →
Petrobras Divestment Opportunities in Shallow Water Fields: Start of the non-binding phase
Rio de Janeiro, October 4, 2017 - Petróleo Brasileiro S.A. – Petrobras, further to the Press Release disclosed on 09/08/2017, informs the start of the non-binding phase regarding the assignment of all of its exploration, development and production rights in seven sets of shallow-water fields located in the States of Ceará, Rio Grande do Norte,... Continue Reading →
Petrobras – Sale of Maromba Field in Campos Basin: Start of the binding phase
Rio de Janeiro, October 3rd, 2017 - Petróleo Brasileiro S.A. – Petrobras and Chevron Brasil Petróleo Ltda., further to the Material Fact disclosed on July 6, 2017, inform the start of the binding phase regarding the transfer of Petrobras and Chevron stake in the Maromba Field, in the Campos Basin. At this stage of the... Continue Reading →
Solstad Farstad sells Far Service platform supplier
Norwegian offshore shipping company Solstad Farstad has sold one of its platform supply vessels (PSVs). The sale was made by the Farstad Marine AS, a wholly owned subsidiary of Solstad Farstad ASA to an undisclosed buyer. Solstad Farstad said that the delivery of the vessel to the new owners took place on October 3. The... Continue Reading →
Karoon eyeing ‘hundreds of millions of barrels of oil’ in new offshore block in Brazil
Brazilian oil and gas regulator ANP last week held a licensing round, offering 287 offshore and onshore exploration blocks for oil companies to bid for. Out of the 287 blocks, it offered 76 offshore blocks in the Santos basin, the second largest producer of oil and the first of natural gas in Brazil. Only one... Continue Reading →
Subsea 7 firms up reel-lay vessel order with Royal IHC
Following a letter of intent in September, Royal IHC and Subsea 7 have signed a contract for the design and build of a new reel lay vessel, which will be capable of installing complex rigid flowlines including pipe-in-pipe systems. IHC said on Monday that, in close cooperation with Subsea 7, it had incorporated several innovative... Continue Reading →
Brazil’s largest ever corruption probe nearing its end, judge says
Brazilian federal Judge Sérgio Moro on Monday said the Car Wash probe, Brazil’s largest ever corruption investigation, is nearing completion in the southern city of Curitiba, where it started in 2014. “There are still investigations under way, but a large part of the work has been done,” Moro told reporters in Sao Paulo after a... Continue Reading →