September 30, 2019 Following the public sale notice by Serviços de Petróleo Constellation S.A. (“Constellation”), formerly Queiroz Galvão Óleo e Gás S.A., of its equity ownership in the lease and operating companies related to five Brazilian FPSOs, SBM Offshore confirms that it will participate in this sealed bids competitive process. The auction consists of the... Continue Reading →
Oil companies want PLSVs not classified as offshore support units
Sept 27, 2019 Antaq held a public hearing to discuss the normative instruction that will discipline the criteria for analysis of the requests for circularization of vessels specialized in engineering works. The draft prepared by the agency provides that the circularization of vessels as PLSVs (specialized in the installation of flexible ducts) may be started... Continue Reading →
Natural gas exploration in the state of Amazonas begins in October
Sept 27, 2109 The governor of Amazonas, Wilson Lima, announced on Thursday (26), the arrival of Eneva Company, which will begin, on October 11, the process of installing equipment for drilling and exploration of natural gas in a area between the municipalities of Silves and Itapiranga, in the Azulão natural gas field. “The state of... Continue Reading →
BP assumes one more block in the Campos Basin
Sept 27, 2019 BP received approval from ANP to take over the operation of BM-C-30 (C-M-101) in the Campos Basin. Anadarko leaves the operation. The new consortium is now as follows: BP operates with 35.7%, along with IBV Brazil (35.7%), Total (20%) and Anadarko (8.6%).
Banco do Brasil managers targeted in $48 million money laundering probe
Brazilian police on Friday raided the homes of Banco do Brasil (BBAS3.SA) managers suspected of involvement in a 200 million reais ($48 million) money laundering scheme, police said, the latest phase of Brazil’s massive Car Wash corruption scandal. According to the Federal Public Prosecutors office, police are investigating allegations that managers at three branches of... Continue Reading →
JOSÉ FIRMO RESIGNS AND CLARISSA LINS IS APPOINTED IBP PRESIDENT
Sep 26, 2019 New times for the Brazilian Petroleum Institute (IBP), which should confirm, in the coming weeks, economist Clarissa Lins as the new president of the institution. The appointment of the executive was approved this week by the Board of Directors of IBP. The next step now will be the voting of the members... Continue Reading →
ANP PUBLISHES GUIDELINES ON CERTIFICATION OF LOCAL CONTENT REGARDING MARINE SUPPORT VESSELS
26/09/19 The Brazilian Oil Agency (ANP) published on 09/02/2019 Report No. 005/2019 of the Local Content Superintendence (SCL), with guidelines regarding the Certification of Local Content for Joint Charter Parties of Support Vessels and Aircraft. The ANP considers that joint contracts are service contracts involving labor associated with the use of machinery or equipment.... Continue Reading →
Saipem Inks WEC Tech Development Deal with Wello
Italian offshore energy services major Saipem and the Finnish company Wello have signed a memorandum of understanding (MoU) to optimize wave energy converter Penguin technology. The objective of the agreement is the development of future initiatives in the sector. Saipem will support Wello to optimize the installation procedure and operability of the WEC Penguin technology.... Continue Reading →
Brazil says oil in spill along northeast beaches not Brazilian
Brazil’s environmental agency Ibama said on Thursday that an analysis of a vast oil spill along the country’s northeastern beaches showed the spilled crude did not originate in the country. Ibama said in a statement that it had been investigating the spill in several beaches in some northeastern states since Sept. 2. Local media showed... Continue Reading →
Losing the edge: Mexican leftist’s risk levels near Brazilian right winger
The risks of betting on Mexico, with its staunchly leftist government, and Brazil, which is run by a hard-right administration, are more even now than they have been for six years - according to traders in credit default swaps (CDS). Risk premia for both countries have improved in 2019, but the advantage Mexico once enjoyed... Continue Reading →
