Mero II FPSO tender has further postponement

11/12/18 The Libra consortium again postponed the tender submission deadline for chartering the second Mero definitive FPSO, postponing the deadline to February 14. The strategy to change the date was set last week and surprised the market, which this time hoped the opening of the envelopes would be held for December 14, with no further... Continue Reading →

Macquarie buying offshore heli leasing firm Waypoint for $650M

Waypoint Leasing Holding, one of the world’s largest helicopter leasing companies which recently filed for bankruptcy protection, is set to be acquired Macquarie Group. According to agreements signed last week, Macquarie will buy the offshore helicopter leasing specialist for $650 million. Macquarie Rotorcraft Leasing will combine the Waypoint helicopter assets and management platform with its... Continue Reading →

Brazil finding the balance

The country faces key downstream and infrastructure challenges Efforts to reform Brazil's downstream fuels market illustrate the tension between trying to move away from over-arching state control, but also placate a populace angry after corruption scandals and economic austerity. Under existing law, Petrobras plays the role of the country's sole supplier, but this no longer... Continue Reading →

New Petrobras boss gets warm reception

Appointment of ‘Chicago Boy’ to head state-owned giant reinforces reform agenda optimism The incoming Bolsonaro regime in Brazil will appoint Roberto Castello Branco as the new CEO of state-owned oil firm Petrobras, in a move that has bolstered confidence that the new administration will continue to pursue a reformist agenda. Castello Branco is currently a... Continue Reading →

Spectrum in large 3D survey offshore Brazil

Seismic services player Spectrum is starting a large 3D survey in the Potiguar basin offshore the Equatorial Margins of Brazil. The survey comprises 10,700 square kilometer covering blocks that were recently awarded in the 15th license round and open acreage blocks scheduled for the 17th Round in 2020, Spectrum said on Monday. The Potiguar survey... Continue Reading →

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