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
Bassoe: Offshore rig market to reach 85% utilization again
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 →
Petrobras – Clarification on arbitration filed by minority shareholders
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 →
Scatec Solar and Statoil to establish partnership in Brazil
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 →
Private Oil Made a Big Find in Mexico. Now State Oil Wants a Cut
When private drillers struck oil off Mexico’s coast this year, they didn’t anticipate sharing it with the state oil company. It looks like they’ll have to. The discovery of as much as 2 billion barrels in July, by a group led by Houston-based operator Talos Energy LLC, grabbed the oil world’s attention. Mexico’s energy reformers celebrated. It was... Continue Reading →
Ten companies are qualified for the 2nd Round of the Pre-salt and fourteen for the 3rd.
Updated: Tuesday, 03 October 2017, 09:52 The Special Bidding Commission (CEL) concluded the analysis of requests from companies that expressed interest and requested qualification in the 2nd and 3rd Pre-Salt Rounds, which will be held on October 27. Ten companies are qualified for the 2nd Round of the Pre-salt and fourteen for the 3rd. There... Continue Reading →
Brazil’s Dicey Politics Have Traders Piling Into Election Hedges
Brazilians may be a year away from voting for their next president, but investors are already plenty worried. Measures of implied volatility for the currency show traders pricing in big swings around the October 2018 vote, even as calm pervades in the near term. The split has taken the ratio between one-year and six-month implied... Continue Reading →
Petrobras Divestment Opportunities in Shallow Water Fields: Start of the non-binding phase
Rio de Janeiro, October 4, 2017 - Petróleo Brasileiro S.A. – Petrobras, further to the Press Release disclosed on 09/08/2017, informs the start of the non-binding phase regarding the assignment of all of its exploration, development and production rights in seven sets of shallow-water fields located in the States of Ceará, Rio Grande do Norte,... Continue Reading →
Petrobras – Sale of Maromba Field in Campos Basin: Start of the binding phase
Rio de Janeiro, October 3rd, 2017 - Petróleo Brasileiro S.A. – Petrobras and Chevron Brasil Petróleo Ltda., further to the Material Fact disclosed on July 6, 2017, inform the start of the binding phase regarding the transfer of Petrobras and Chevron stake in the Maromba Field, in the Campos Basin. At this stage of the... Continue Reading →
Solstad Farstad sells Far Service platform supplier
Norwegian offshore shipping company Solstad Farstad has sold one of its platform supply vessels (PSVs). The sale was made by the Farstad Marine AS, a wholly owned subsidiary of Solstad Farstad ASA to an undisclosed buyer. Solstad Farstad said that the delivery of the vessel to the new owners took place on October 3. The... Continue Reading →
