Brought to you by Quest Offshore & Southern Cone Consultants
01/04/19 The ANP rejected a request from Petrobras for cancellation of the firm commitment of the Discovery Assessment Plan (PAD) of the well 1-BRSA-768-BAS, in the pre-salt of the Jequitinhonha Basin. The operator based its request on the difficulty to obtain environmental license. The PAD was approved by the ANP with a firm commitment to... Continue Reading →
01/04/19 CGG was the best ranked in a Petrobras bid to contract a seismic campaign in the Campos Basin. The scope foresees the acquisition of 3D streamer data and 4D multiazimute in the fields of Albacora, Marlim and Voador. Last week, the oil company reported that it requested the Ibama license to conduct the seismic... Continue Reading →
Saipem is reportedly in talks to divest its drilling businesses, both onshore and offshore, according to a report by Bloomberg published on Friday. According to the financial news giant, the Italian oilfield services provider is in discussions with interested parties to divest its drilling units in two separate transactions. Bloomberg based its report on information... Continue Reading →
Soil Machine Dynamics (SMD) has recently completed sea trials on its deep-sea Quasar work-class remotely operated vehicle (WROV). The 6000-meters-rated WROV, complemented with an electric drive dual-purpose winch and launch and recovery system (LARS), reached the seabed at 5,760 meters during the trials. Continue reading
Malaysia’s FPSO services provider Yinson Holdings has decided to acquire Singapore’s liftboat operator Ezion Holdings. Yinson Eden, a subsidiary of Yinson Holdings, on March 31, 2019, entered into a conditional debt conversion agreement and conditional option agreement, with Ezion Holdings with the intention to acquire Ezion Holdings group by striking a deal with the group’s lenders.... Continue Reading →
Brazilian state-run oil firm Petrobras will take part in Israel’s latest tender for offshore oil and gas exploration, Israel’s energy minister said on Sunday. Yuval Steinitz announced the agreement as Brazilian President Jair Bolsonaro began a four-day visit to Israel. Continue reading
Rio de Janeiro, March 29, 2019 – Petróleo Brasileiro S.A. – Petrobras reports that today it filed its 2018 Form 20-F with the U.S. Securities and Exchange Commission (SEC). Form 20-F is a SEC requirement and must be filed annually by foreign issuers with shares traded on US stock exchanges, pursuant to U.S. securities’ market... Continue Reading →
What makes some oil plays more valuable than others? The answer: big discoveries in excellent reservoirs that are cheap to exploit. Few places on earth do all three. Brazil does, as I was reminded on a trip to Rio last month. Its pre-salt Santos basin fields, such as Lula and Libra, have these attributes in... Continue Reading →
In the cutthroat game of global capitalism, there can be only one winner. Unless you’re an oil company. Both BP Plc and Royal Dutch Shell Plc are claiming the top spot for investor returns within their peer group from 2016 to 2018. That’s an important metric -- taking first place was a significant element in the doubling of Shell Chief Executive... Continue Reading →
3/29/2019 Ocyan has adopted a business model to offer more integrated services to the offshore market in Brazil. The strategy is to bring to the country technological solutions that can be applied in the sector, through partnerships with foreign companies that have technologies used outside Brazil, but still do not act locally. The first agreement... Continue Reading →
