Company starts strategy to improve the image of the exploration in the region before the French public opinion December 12, 2018 Four days after Ibama's refusal to license blocks in Foz do Amazonas, Total began a campaign on Tuesday to improve the image of the company's exploration projects in the region. Total was authorized on... Continue Reading →
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 →
Brazil: Total denied approval to drill in Foz do Amazonas
French oil company Total has been denied an environmental license to drill for oil in the Foz do Amazonas area, offshore Brazil. Brazilian business news agency O’Globo has reported that the country’s environmental protection agency Ibama had denied the license “citing technical” problems in the plans presented by the company. O’Globo has further reported that... Continue Reading →
Equinor makes first discovery in Norte de Carcará
Equinor made its first discovery in the area of Norte de Carcará, in the pre-salt of the Santos Basin. The petroleum evidence was found by the West Saturn rig during the drilling of the 3-EQNR-1-SPS well, in a water depth of 2,052 thousand m. The registration was made just over two months after the drilling... 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 →
Shell confirms small oil leak in seaborne transfer in Brazil waters
A small amount of crude oil belonging to Royal Dutch Shell Plc leaked during a ship-to-ship oil transfer in Brazilian waters last month, the company confirmed to Reuters on Monday. About 200 milliliters of crude were released on Nov. 30 during the maneuver, which was halted after the drip was detected, Shell said, adding... 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 →