Oil and gas company Eco Atlantic has raised cash through a share placement with the proceeds aimed at funding of offshore wells in Guyana. Eco said on Thursday it has conditionally raised, in aggregate, $17 million before expenses through an oversubscribed placing and subscription of, in aggregate, 16,159,695 new common shares of no par value... Continue Reading →
Three groups make a new offer for TAG, Petrobrás
Three groups presented new proposals to buy 90% of the Associated Gas Transporter (TAG) of Petrobras. In addition to the Belgian franc Engie, which had exclusivity to negotiate the terms of the contract with Petrobrás, the Mubadala fund and a consortium led by Macquarie/Itaúsa returned to the dispute. The result should be known between Thursday... Continue Reading →
Two groups dispute Sete Brasil’s rigs
The dispute over the acquisition of the four Sete Brasil drill rigs will be between the Keppel Fels shipyard and Magni Partners, the only groups that formalized an interest in the deal on the 27th of March. According to documents and minutes of the process to which BE Petróleo had access, Keppel presented a proposal... Continue Reading →
Government and Petrobras reach consensus on Transfer of Rights Assignment
April 3, 2019 The government has come to an understanding with Petrobras on the review of the Transfer of Rights Assignment contract and should submit the terms to the Brazilian Court of Audit (TCU) this week. The economic team came to appreciate that the TCU would not need to endorse the text. Even so, it... Continue Reading →
Pre-salt production increases 3.6% in relation to the previous year
Pre-salt production in February totaled 1.826 million boe / d, an increase of 3.6% compared to the same month in 2018 and a decrease of 0.6% compared to the previous month. 1,450 million barrels of oil per day and 59.8 million cubic meters of natural gas per day were produced through 88 wells. The... Continue Reading →
Oil giants seek renewable assets for acquisition in Brazil, sources say
04/02/2019 Major global oil companies have looked with interest at Brazil's energy market in search of new opportunities for acquiring renewable assets in the country, seen as one of the most attractive in the world for investments in solar and wind generation, two sources close to Reuters confirm. The move involves at least France's Total... Continue Reading →
BP publishes LNG purchase and sale contract
04/02/2019 BP has published its contract for the purchase and sale of liquefied natural gas (LNG) for Delivered Ex-Ship (DES) operations, where the seller has the responsibility to deliver the goods to the port of the country defined by the buyer. The purpose of the document is to contribute to the standardization of transactions involving... Continue Reading →
Petroserv negotiates contract with ENI
04/02/2019 The semi-submersible Catarina, owned by Petroserv, will operate for ENI in Indonesia, carrying out the Merakes field development campaign. The Italian oil company and the Brazilian drilling company signed a letter of intent to charter the unit. The rig will be chartered for two years. The companies do not reveal the value of the... Continue Reading →
Shell Brazil president signals oil company’s appetite to continue expanding its exploration portfolio in Brazil
April 2, 2019 An active participant in the last rounds of the ANP, Shell is expected to continue with the expansion of its exploration and production portfolio in Brazil in 2019. In an interview with BE Petróleo, the Brazil oil company's president signaled that the company is willing to invest in the largest number of... Continue Reading →
ANP defines timeline for Transfer of Rights auction roadshow
01/ 04/2019 The Transfer of Rights auction roadshow will be carried out between the end of May and the beginning of June. The timeline was informed to BE Petróleo by ANP director Felipe Kury. He anticipated that the proposal is to give a period of three to four months to analyze the data. The roadshow... Continue Reading →
