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June 26,2019 The National Agency for Petroleum, Natural Gas and Biofuels (ANP) published on May 23, 1919 Resolution No. 789 which specifies waterborne fuels by reducing the maximum limit of sulfur content in bunker fuels for do not have an exhaust gas cleaning system. This standard complies with Annex VI of MARPOL, which is incorporated... Continue Reading →
The company has 26 vessel repair contracts for 2019 an increase over 2018 with 24 completed . Wilson Sons shipyard will conclude the maintenance of the PSV (Platform Supply Vessel) Zarapito and the tugboat Vega by the end of this month. The operations started on 4 June, in Guarujá, and includes repair procedures for the structural, mechanical, electrical... Continue Reading →
June 26, 2019 Yinson and Modec are expected to take the FPSOs from the first and second phases of the Marlim revitalization program, respectively. The formula for the calculation of the total value of the contracts (TVC) indicated that the Malaysian operator was ranked the best for lot A with a daily rate of US... Continue Reading →
Baker Hughes, a GE company (BHGE) and C3.ai have formed a joint venture agreement that brings together BHGE’s fullstream oil and gas expertise with C3.ai’s AI software suite to deliver digital transformation technologies for the oil and gas industry. The joint venture combines BHGE’s extensive oil and gas technology domain expertise with C3.ai’s AI software... Continue Reading →
Rio de Janeiro, June 26, 2019 - Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 06/11/2019, announces the beginning of the non-binding phase for the sale of 93.7% of its interest in Breitener Energética S.A., located in the state of Amazonas. The potential investors qualified for this phase will receive instructions... Continue Reading →
YPF SA, Argentina’s biggest oil company, sold overseas bonds for the first time in more than a year after a plunge in borrowing costs opened a window of opportunity. The driller issued $500 million of 10-year, dollar-denominated notes to yield 8.75%, according to people familiar with the offer, who asked not to be identified because... Continue Reading →
The Government of Peru has approved Tullow Oil’s entry into country’s two offshore licenses, Z-38 and Z-64. Tullow and Karoon plan to drill an exploration well in license Z-38 in early 2020. Tullow Oil in January 2018 agreed terms to add six new licenses covering 28,000 sq km offshore Peru to its portfolio. Tullow agreed... Continue Reading →
TechnipFMC (NYSE:FTI) (Paris:FTI) has agreed to resolutions with the U.S. Department of Justice (DOJ), the U.S. Securities and Exchange Commission (SEC) Staff and the Brazilian authorities (the Federal Prosecution Service (MPF), the Comptroller General of Brazil (CGU), and the Attorney General of Brazil (AGU)) to resolve anti-corruption investigations in Brazil and relating to the intermediary,... Continue Reading →
Along the western edge of Argentina’s Patagonia, on an arid steppe nestled against the Andes mountains, lies a shale formation known as Vaca Muerta. And ever since engineers confirmed what an American geologist suspected a century ago -- that the Vaca Muerta, or dead cow, contains massive amounts of oil and gas -- the rush... Continue Reading →
Rio de Janeiro, June 25, 2019 - Petróleo Brasileiro S.A. - Petrobras, following up on the release dated June 13, 2019, informs that it will hold a new round of final offers for the sale of Enchova and Pampo clusters, a set of producing fields located in the Campos Basin. This new round aims to... Continue Reading →
