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Rio de Janeiro, June 14, 2019 – Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on May 29, 2019, informs that the 24th Federal Court of Rio de Janeiro revoked the injunction that suspended the sale of 100% of its shares in Araucária Nitrogenados SA (Ansa) and the Nitrogen Fertilizer Unit III... Continue Reading →
June 14, 2019 With the resumption of exploratory block auctions and the acceleration of Petrobras divestments, new concessionaires are appearing in the Brazilian market. The most recent examples are those of BW Energy, which acquired the Maromba field, and Perenco and Seacrest, which have agreed to purchase Pampo and Enchova in partnership with Ouro Preto... Continue Reading →
June 14, 2019 At least four foreign oil companies are closely monitoring the Transfer of Rights oil surplus auction. The multinationals BP, Shell, Total and Petrogal have officially expressed some concerns about how the financial compensation will be paid to Petrobras and recently sent to the Ministry of Mines and Energy (MME) some contributions to... Continue Reading →
June 14, 2019 Petrobras will convene Modec and Yinson next week to begin direct negotiation of the daily rates offered in the bidding for the FPSOs charter of the Marlim revitalization project in the Campos Basin. Modec presented the lowest prices for the two systems, with values between US $ 570,000 / day and US... Continue Reading →
Oil workers at state-run Petroleo Brasileiro SA have begun a strike in eight Brazilian states as part of nationwide protests against a government pension reform proposal, umbrella union group FUP said on Friday. Brazil’s pension reform bill is aimed at restoring public finances and reviving a flagging economy, but is fiercely opposed by some sectors... Continue Reading →
BHP has awarded Oceaneering a contract for what has been described as first-ever deepwater Autonomous Underwater Vehicle (AUV) survey in Mexican waters. Oceaneering, a U.S. provider of subsea services for the international offshore oil and gas industry, said on Monday the survey would be carried out over BHP’s Trion offshore oil development in Mexico. The company... Continue Reading →
Brazilian subsidiary of Norwegian offshore vessel provider DOF has received an extension for one of its anchor handling tug and supply (AHTS) vessels working in Brazil. DOF said on Friday that its subsidiary – Norskan – had won a one-year extension for the Skandi Botafogo vessel from Brazilian oil major Petrobras. According to the company,... Continue Reading →
Offshore driller EnscoRowan has been urged by Luminus, a fund owning 4.5% of its shares, to declare a special dividend of $2.5 billion, which, the fund believes, would help the ESV share price which has been on a downward spiral for some time now and is at “1993 lows.” In a letter sent to EnscoRowan... Continue Reading →
Brazil’s oil regulator ANP announced on Thursday preliminary rules for a major oil auction in the pre-salt area in the Santos basin and postponed the bidding round to Nov. 6 from Oct. 28. The preliminary rules will be in public consultation until July 3, according to ANP. A public hearing is expected to take place... Continue Reading →
Rio de Janeiro, June 13, 2019 – Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 04/25/2019, informs that it has closed the sale of 90% of its stake in the Transportadora Associada de Gás S.A. ("TAG") to the group formed by ENGIE and the Canadian fund Caisse de Dépôt et Placement... Continue Reading →
