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TechnipFMC’s flagship deepwater pipelay and construction vessel Deep Blue is embarking on a major subsea project laying pipeline on the Peregrino Phase 2 Project in the Campos Basin offshore Brazil. TechnipFMC was awarded an engineering, procurement, construction and installation contract by Equinor, then Statoil, for the Peregrino Phase II Project back in September 2017. The... Continue Reading →
July 23, 2019 The ANP approved a two-year extension of the first phase of exploration of blocks CE-M-603 and POT-M-475, located in the Ceará and Potiguar basins, respectively. Both are operated by ExxonMobil in partnership with Azibras. With this, the first exploratory period of the assets will expire in July, in the case of CE-M-603,... Continue Reading →
July 23, 2019 Petrobras has launched the tender documents for the chartering of the Itapu and Mero 3 FPSOs, Santos Basin production systems designed to go into production in 2023 and 2024, respectively. As in the previous cases of Libra production units, Mero 3 is conducted under the letter of invitation regime. Petrobras demands an... Continue Reading →
Rio de Janeiro, July 23, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that the Administrative Board of Tax Appeals (CARF) issued today an unfavorable decision on an administrative tax proceeding in the amount of about R$ 5.22 billion, which deals with the collection of PIS/COFINS - Import tax regarding remittances abroad for the payment... Continue Reading →
July 22, 2019 Operators are expected to drill approximately 250 development wells by 2020, a quarter of which (65) in the Santos Basin, according to ANP projections. The other basins with development commitments planned for next year are Potiguar (53), Sergipe (46), Campos (41), Espírito Santo (29), Recôncavo (13), Parnaíba (3) and from Alagoas (3).... Continue Reading →
The Brazilian offshore drilling firm Constellation has been awarded three new contracts with Petrobras for its offshore drilling rigs. Constellation said Monday that Petrobras had hired its three ultra-deepwater semi-submersible drilling rigs Alpha Star, Gold Star, and Lone Star. The contracts are for two years each. All three rigs entered service in the 2010-2011 period.... Continue Reading →
U.S. commodities trader Bunge Ltd (BG.N) and British energy company BP Plc (BP.L) said on Monday they will merge their Brazilian sugar and ethanol operations to create the world’s third-largest sugarcane processor. The joint venture is the largest deal in Brazil’s bioenergy sector since Royal Dutch Shell (RDSa.L) joined forces with Cosan (CSAN3.SA) to form... Continue Reading →
The Enchova and Pampo clusters include ten fields, but not all produce Trident Energy has submitted the best offer of US $ 1 billion for the acquisition of the fields that encompass the Enchova and Pampo clusters in the shallow waters of the Campos Basin. This is the third time Petrobras has tendered the areas.... Continue Reading →
Queiroz Galvão seeks a partner for their shipbuilding arm Constellation. There are preliminary talks with a Singapore based shipyard. In judicial recovery, the former Queiroz Galvão Oil and Gas carries a debt around R$ 1.8 billion and is in addition is negotiating a loan of R$ 100 million with their lending banks.
Halliburton on Monday reported a net income of $75 million for the quarter, compared to $511 million a year ago. Adjusted for impairments and other charges net income was $303 million. Halliburton recognized impairments and other charges during the second quarter of 2019 of $247 million, pre-tax. Of the $247 million, $108 million was for... Continue Reading →
