The acquisition by the French oil company Total of the oil and gas assets of the Danish Maersk was approved unrestricted by the Administrative Council for Economic Defense (Cade), according to a Brazilian antitrust notice published in the Official Gazette on Tuesday. The companies announced an agreement at the end of August, under which Total... Continue Reading →
Gulf of Mexico Oil Spill May Be Largest Since 2010 BP Disaster
The Delta House floating production facility about 40 miles (64 kilometers) southeast of Venice, Louisiana, released 7,950 to 9,350 barrels of oil from early Wednesday to Thursday morning, according to closely held operator LLOG Exploration Co. That would make it the largest spill in more than seven years, data from the U.S. Bureau of Safety and Environmental Enforcement... Continue Reading →
Public offering of Petrobras Distribuidora (BR) Shares
Rio de Janeiro, October 16, 2017 - Petróleo Brasileiro S.A. - Petrobras, further to the Material Fact disclosed on September 28, 2017, reports that the following were filed with the Securities and Exchange Commission of Brazil ("CVM"), on this date: 1) by Petrobras Distribuidora S.A. (BR), the request for registration as a publicly-held company pursuant... Continue Reading →
Small scale FLNG to unlock hundreds of small gas fields?
Four companies, Add Energy, Transborders Energy (TBE), TechnipFMC, MODEC have teamed up to create what they say is unique and fast deployment business model for the FLNG (floating liquefied natural gas) industry that will free up small-scale stranded resources around the world and establish a new concept in global gas field development. According to Add Energy,... Continue Reading →
Spectrum starts 2D seismic shoot off Brazil
Multi-client seismic data specialist Spectrum has announced the beginning of a 6,000 km multi-client 2D seismic survey covering the Ceara Basin within the Equatorial Margins of Northern Brazil. The Ceara Basin contains sectors of the 15th licensing round. The survey is being carried out in partnership with BGP Marine. Data is being acquired with a 12,000... Continue Reading →
Subsea 7 says no to Baker Hughes takeover
According to the Wall Street Journal (WSJ), Baker Hughes, a GE company, has held talks to acquire subsea services contractor Subsea 7. The WSJ cited people close to the matter which claimed that negotiations broke down over valuation. Even though initial negotiations broke off, one of WSJ’s sources stated that Baker Hughes and Subsea 7... Continue Reading →
Brazil court freezes ex-leader Rousseff’s assets over 2006 refinery deal
Brazil’s federal audit court on Wednesday ordered a freeze of former President Dilma Rousseff’s assets as well as those of José Sérgio Gabrielli, ex-head of state-run oil company Petrobras, over a $580 million loss in the 2006 purchase of a Texas refinery. Read more
Brazil to ramp up oil production before ‘renewable era’ hits: official
- Brazil plans to boost oil exploration and production to seize on its reserves before the world enters the “renewable era” and other technologies hurt demand for the fossil fuel, Deputy Energy Minister Paulo Pedrosa told Reuters on Wednesday. Read more
After delivery of the MV29, Brasfels focuses on the integration of the P-69 and services for QGOG
After delivery of the Campos de Goytacazes MV29 Floating Production, Storage and Transfer Unit (FPSO) to Modec, Brasfels works on the integration and commissioning of the FPSO P-69, due to be delivered in 2018. The shipyard in Angra dos Reis (RJ), will work on the semi-submersible drilling platform Alpha Star, from Queiroz Galvão Oil and... Continue Reading →
COURT AUTHORIZES PETROBRAS SALE OF CARCARÁ TO STATOIL
Oct, 2017 Petrobras won an important victory for its divestment plans. The 4th Regional Federal Court of the 5th Region (TRF), in Recife, gave the green light for the state company to sell the 66% stake in the block BM-S-8 (Carcará) to the Norwegian Statoil. The court analyzed an appeal filed by the... Continue Reading →
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