Brought to you by Quest Offshore & Southern Cone Consultants
Sept 23, 2019 In October, Petrobras will sign the charter contracts for the Marlim and Parque das Baleias FPSOs. Sources have confirmed to PetroleoHoje that the oil company concluded negotiations with newcomer Yinson and Modec a little less than two weeks ago and that the formalization of operations depends only on internal procedures. Both Modec... Continue Reading →
The Oil and Gas Climate Initiative (OGCI), an initiative to tackle climate change and backed by 13 oil companies, has launched a new initiative to unlock large-scale investment in carbon capture, use and storage (CCUS). Dubbed a crucial tool to achieve net-zero emissions, OGCI’s CCUS KickStarter initiative is designed to help decarbonize multiple industrial hubs... Continue Reading →
The country’s oil and gas regulator Comisión Nacional de Hidrocarburos (CNH) last week gave its nod for Eni to drill the Ehecatl-1 exploration well in the Block 7. Eni got hold of the block as part of the licensing round in 2017. Eni’s partner in the Block, Cairn Energy, said earlier this month that the... Continue Reading →
September 20, 2019 The MME should announce by the beginning of next week the name of the new secretary of Oil, Natural Gas and Biofuels, who will occupy the vacancy left by Márcio Felix. Minister Bento Albuquerque evaluates a list of four candidates, with Bruno Eustáquio - deputy executive secretary of the portfolio - remaining... Continue Reading →
September 20th, 2019 Enauta Participações S.A. (“Enauta”, “Company” B3: ENAT3”) informs that the intervention to exchange the second well’s pump was concluded and the Atlanta Field’s total three wells production reached the peak of 30,462 barrels of oil per day. The drilling of the third well of the Early Production System was concluded in the... Continue Reading →
September 20, 2019 Petróleo Brasileiro S.A. - Petrobras reports that today it entered into a Cession Agreement of Credit Rights, allowing the advance of about R$ 8.4 billion of receivables from Eletrobras, recognized in the Debt Assumption Agreements (IADs) referring to the totality of the debts confessed in 2014 by the Eletrobras Group, with original... Continue Reading →
The environmental, ethical and economic dimensions of the procurement and supply chain logistics processes were evaluated. Petrobras is the first company to obtain the Association for Supply Chain Management (ASCM) certification for environmental, ethical and economic excellence in the procurement and supply chain of goods and services. ASCM, with more than 45,000 members in 100... Continue Reading →
Brazilian state-run oil firm Petrobras has in the last five years battled an epic corruption probe, a crippling recession and unsteady crude prices. Now, Brazil’s most important company is facing yet another challenge: thieves are robbing millions of dollars worth of its fuel to sell on a thriving black market. Continue reading
September 20, 2019 Shell is already seeking markets to absorb the volumes of natural gas that the company will produce in the pre-salt future. According to the CEO of oil company in Brazil, André Araújo, there are opportunities in power generation and energy commercialization for large industrial customers. In an event promoted by Shell, the... Continue Reading →
McDermott International hired restructuring firm AlixPartners for strategic and operational advice as the company seeks to shore up its balance sheet, according to a person with knowledge of the matter. The Houston-based company’s stock plunged as much as 76% Wednesday -- trading was halted for volatility at least five times -- while its bonds dropped... Continue Reading →
