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Brazilian offshore vessel owner Grupo CBO has named the Bossa Nova anchor handler at a ceremony in Itajai, Brazil. According to Havyard, which provided the design for the vessel, the ceremony was held at the Oceana Shipyard, and the vessel is now on its way to Rio de Janeiro to complete its final tests. In... Continue Reading →
U.S. oil major ExxonMobil on Thursday announced it made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana. Turbot adds to Exxon’s previous discoveries at Liza, Payara, Snoek and Liza Deep wells in the Stabroek Block. Following completion of the Turbot-1 well, the Stena Carron drillship will move to the Ranger prospect.... Continue Reading →
Shareholders of offshore drillers Ensco and Atwood Oceanics have approved the previously proposed merger of the two companies. Ensco on Thursday said 65 percent of its shareholders had voted in favor of the allotment and issuance of Ensco Class A ordinary shares to shareholders of Atwood Oceanics, Inc. in connection with the all-stock acquisition of Atwood... Continue Reading →
OOS International said that the OOS Gretha completed the gangway lift on September 29 in the Campos Basin, offshore Brazil. According to the Dutch provider of offshore accommodation solutions, the gangway broke off several months ago and the client, Brazilian oil company Petrobras, requested that OOS International assists with the recovery. Before the lift,... Continue Reading →
Rio de Janeiro, October 5, 2017 – Petróleo Brasileiro S.A. - Petrobras informs that, as operator of the Libra Consortium, it has been notified by the National Petroleum, Natural Gas and Biofuels Agency (ANP) of its decision on the consortium´s request for local content exemption for the items and subitems related to the platform subsystem... Continue Reading →
Updated: Wednesday, October 04, 2017, 12:25 PM The ANP analysis was completed for the Libra Consortium's request for exemption from compliance with Local Content for the items and sub-items related to the UEP subsite of the Libra Pilot project. The request was based on the contractual forecast of excessive price, set forth in Clause 25.8... Continue Reading →
Brazil’s Finance Minister Henrique Meirelles has hired social media experts to boost his image ahead of the 2018 election, three sources told Reuters on Wednesday, the strongest sign yet that the former banker is seriously eyeing a run for president. Read more
High rig utilization isn’t just a dream. It’s a requirement for a meaningful recovery in dayrates. When utilization in the offshore rig market reaches around 85%, dayrates start to rise significantly. As utilization moves from 60%, for example, up toward over 80%, dayrates increase, but once 85% utilization is reached, dayrates normally kick into... Continue Reading →
Rio de Janeiro, October 04, 2017 - Petróleo Brasileiro S.A. - Petrobras, in relation to the news published in the media about the arbitration filed by minority shareholders at the Arbitration Panel of B3, clarifies that no pension fund is part of the list of claimants, and that it is a proceeding filed by a... Continue Reading →
4.10.2017 Stock Exchange Notice Oslo, October 4, 2017: Scatec Solar ASA (SSO) and Statoil ASA (STL) have agreed to establish a 50/50 Joint Venture to build, own and operate large scale solar plants in Brazil. The Joint Venture has an ambition to become a significant player in the Brazilian solar market. "The potential for solar energy... Continue Reading →
Brazil Energy Insight 