Rio de Janeiro, September 12, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that, following its liability management strategy, has executed the pre-payment of a debt with JPMorgan Chase Bank, N.A. in the amount of US$ 1.13 billion, maturing between June 2019 and March 2020. Petrobras executed simultaneously with this institution a new funding of... Continue Reading →
Brazil to release Eletrobras privatization model in September
Brazil’s government aims to release a privatization model for the country’s largest state-owned electric utility, Centrais Eletricas Brasileiras SA, this month, the mining and energy minister said on Tuesday. Read more
Karoon eyes Campos, Santos, Espirito Santo basins in Brazil auction
Karoon Gas Australia Ltd is eyeing prospects in Brazil’s Campos, Santos and Espirito Santo basins in this month’s auction of oil and gas exploration rights, a company executive told Reuters. Tim Hosking, Karoon’s general manager for South America, said in an interview on Tuesday that the company has not made final bidding decisions yet, but... Continue Reading →
UK competition watchdog accepts Wood Group – Amec FW merger remedy
A merger between two UK oilfield services companies, Wood Group and Amec Foster Wheeler, is set to be complete next month as the UK’s competition watchdog, the Competition and Markets Authority (CMA), has accepted the duo’s proposals to resolve competition concerns regarding the merger. The CMA began investigating the merger of the two companies in June 2017.... Continue Reading →
USE OF STEEL UMBILICALS STUMBLES ON THE TECHNOLOGY AGAINST THE HIGH CORROSION IN LIBRA
Sep 12, 2017 Petrobrás can only use steel umbilicals in the operations of the pilot in Libra. The imperative reason is the corrosive result caused by H2S and CO2 found in the oil, extremely corrosive not only for flexible risers but also for umbilicals. This will also require an adaptation of the possible suppliers,... Continue Reading →
ANP – Round 2 received 10 expressions of interest while Round 3 received 15
The ANP received 10 expressions of interest for the 2nd Round of the Pre-salt and 15 for the 3rd Round, which will be held on October 27 in Rio de Janeiro. The applications for these companies, the largest in the oil and gas sector, will be analyzed at the meetings of the Special Bidding Commission,... Continue Reading →
Petrobras Day | CEO Pedro Parente | London
Please see the attached presentation delivered by Petrobras CEO, Pedro Parente, in London recently. Book-Petrobras-Day -London-2017_0
Sembcorp Marine wins further hull work on Petrobras FPSO
Offshore rig builder Sembcorp Marine has secured hull carry over works from Tupi B.V. for the FPSO P-68 Tupi project in Brazil. Sembcorp Marine said on Monday that the contract was secured through its Brazilian subsidiary, Estaleiro Jurong Aracruz (EJA), and it was worth worth about $145 million. Tupi B.V. had in 2012 awarded EJA... Continue Reading →
Petrobras – Agreement between Liquigás and CADE
Rio de Janeiro, September 08, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that its wholly owned subsidiary Liquigás Distribuidora S.A. (Liquigás) has entered into an agreement with the Administrative Council for Economic Defense (CADE) on 09/06/2017 to halt two administrative processes on the formation of a cartel in the Liquefied Petroleum Gas (LPG) distribution... Continue Reading →
PETROBRÁS CONCLUDES WELL AND FINDS PETROLEUM PRESENCE IN LIBRA
Petrobrás concluded a new well this week in the Libra field, in the Santos Basin pre-salt. The activity in well 3BRSA1345RJS was done by means of the West Tellus (Seadrill) drill ship in depth of 2,087 meters. The drilling began in the area in mid-February. Petrobras also notified the National Petroleum Agency of the finding... Continue Reading →
Brazil Energy Insight 