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Petrobras has completed the previously announced sale of shares in several Brazilian fields to France’s Total for $1.95 billion. The deal was announced as part of the two companies’ Strategic Alliance, signed in March 2017. As part of the deal, Petrobras has now transferred to Total 35 percent of the rights, as well as the operatorship,... Continue Reading →
01/12/2018 Rio de Janeiro, January 12, 2018 - Petróleo Brasileiro SA - Petrobras informs that S&P Global Ratings affirmed the company's corporate debt ratings at BB-, with a stable outlook, after downgrading Brazil’s sovereign risk level from BB (negative outlook) to BB- (stable outlook). S&P considers that the company's risk level is correlated with the... Continue Reading →
January 12, 2018 The resumption of FPSO contracts and the signing of contracts for the unitized areas of the 2nd pre-salt auction, due to take place on January 31 at the Presidential Palace, can hike the demand for subsea equipment on the street. After almost three years, Petrobras re-contracted FPSOs and closed the contract... Continue Reading →
January 12, 2018 IBAMA issued in one day five environmental licenses for exploration and production of offshore oil and gas in Brazil. An Early Production System was released, four platforms were approved and a drilling campaign of up to seven wells with a training test. Ibama has authorized the installation of three of the... Continue Reading →
Ratings agency Standard & Poor’s cut Brazil’s credit rating further below investment grade on Thursday as doubts grew about a presidential election in October and a push to trim its costly pension system, seen as vital to closing a huge fiscal deficit. Read more
January 11, 2018 Petrobras received from Ibama a license to install the P-74 platform in the Búzios field, an area of the onerous assignment of the Santos Basin pre-salt. The license is valid until October 18, 2021 and allows the installation of production collection and disposal system. The P-74 is the first definitive platform of... Continue Reading →
January 11, 2018 Statoil received an environmental license from IBAMA for the drilling of up to seven wells in the exploratory block area BM-S-8, Carcará, in the pre-salt of the Santos Basin. The license, which is valid for four years, also releases a short-term training test in an existing well. An agreement with Seadrill foresees... Continue Reading →
Rockhopper Exploration expects that the final investment decision for the $1.5 billion Sea Lion field development will be made by the end of 2018. The field located offshore the Falkland Islands was discovered in 2010 and is operated by Premier Oil. The partners are now working on moving forward the commercial, fiscal and financing elements... Continue Reading →
One of Polarcus’ seismic vessels (For illustration only)Marine geophysical player Polarcus has received a letter of award from an unnamed client for the acquisition of a 3D marine seismic project in South America. Polarcus said on Thursday that the project would begin in the first quarter of 2018 and had a scheduled duration of approximately... Continue Reading →
Brazilian oil company Dommo Energia, formerly known under the name OGX, has informed that production from the 7-TBMT-8H well on the Tubarão Martelo field has been resumed. Production from the 7-TBMT-8H well was interrupted July 31, 2017, after the decline of pressure on a wet Christmas tree and the absence of flow in the well line... Continue Reading →
Brazil Energy Insight 