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Aug 20, 2019 1 September is approaching with a busy schedule for the oil and gas sector. In addition to block bidding by the National Petroleum Agency, there are two other auctions that will negotiate barges, equipment and the Vitória 10,000 drill ship - all owned by Petrobras. In the first auction session on Sept... Continue Reading →
August 21, 2019 For Roberto Castello Branco, regime does not stimulate the efficiency of companies Petrobras President Roberto Castello Branco defended the end of the sharing regime that is mandatory for the exploration and production of oil in the pre-salt fields. According to Castello Branco, the regime does not encourage the pursuit of efficiency. According... Continue Reading →
August 20, 2019 Petróleo Brasileiro S.A. - Petrobras reports that the Administrative Board of Tax Appeals (CARF) issued today a favorable decision on an administrative tax proceeding regarding the collection of CIDE - Import tax on remittances abroad for the payment of charter contracts in the year 2013, in the approximate amount of R$ 5.1... Continue Reading →
Subsea contractor Frontera Offshore has entered into an exclusive collaboration with DOF Subsea for the Mexican market. The alliance is intended to leverage the local presence and track record of Frontera with the specialized vessels, engineering capabilities and subsea survey and installation experience of DOF Subsea. The Mexican offshore market is expected to see unprecedented... Continue Reading →
Norwegian oil company Equinor has entered an offshore exploration partnership with Argentina’s YPF for work in the CAN 100 block. Equinor and YPF representatives have signed a preliminary agreement setting core terms and conditions for YPF’s transfer of 50% of its share in the CAN 100 offshore block to Equinor. Tim Dodson, Equinor’s executive vice... Continue Reading →
Offshore drilling contractor Seadrill posted a net loss of $206 million in the second quarter of 2019, compared to a net loss of $432 million in the second quarter of 2018. Adjusted EBITDA for the second quarter was $69 million which was higher than Seadrill’s guidance of $55 million primarily due to the timing of... Continue Reading →
Offshore services firm Subsea 7 is calling for experienced engineers from all sectors to apply for the company’s Engineering Conversion Programme and potentially earn a job in the offshore oil and gas industry. According to Subsea 7, since 2005, the company’s Engineering Conversion Programme has enabled experienced engineers from aerospace to automotive, and onshore construction... Continue Reading →
Aug 20, 2019 Eneva and Alvopetro began drilling new wells last week, according to the ANP. Both campaigns are carried out in blocks contracted in the 13th round of bids of the agency. Eneva drills the 1ENVBL69GMA with the Great Solutions Oil 120 rig in the PN-T-69 block in the Parnaíba Basin. The company plans... Continue Reading →
Aug 20, 2019 Abespetro is preparing the election of its new board. There will be six members, one CEO and five directors, with a two-year term starting January 1, 2020. Unlike in previous elections, this time most current directors should not attempt reelection. Sources in the association anticipate that of the six executives, five have... Continue Reading →
Aug 19, 2019 The federal government's ambitious New Gas Market program carries with it a number of risks to investors as there are legal, tax and regulatory uncertainties, not to mention supply and demand issues, in Wood Mackenzie's assessment. According to the global energy research and consulting firm, if the plan were to be executed... Continue Reading →
