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Half-year data points for the offshore market released by Clarksons Research, profiling improving activity, utilization and day rates across the offshore oil and gas market, show the overall index is up 17%. Reviewing the data, Steve Gordon, Managing Director of Clarksons Research, commented: Overall Index up 17% in 1H to highest level for seven years …... Continue Reading →
(WO) Hedge funds and other investors looking to cash in on Brazil’s surging oil and gas output are turning to a new breed of drillers as an alternative to turmoil-wracked Petroleo Brasileiro SA, the state-owned producer that’s had four CEOs since early 2019. Gerval Investimentos, the family office for the controlling shareholders of steelmaker Gerdau... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), following best practices in corporate governance and transparency, informs its investors and the market in general the preliminary unaudited production data for June 2022 in the assets that the Company holds participation. (1) The Macau Cluster had its production in May impacted by a technical problem linked... Continue Reading →
Ocyan has signed a contract with Solstad Offshore for the charter of a “Normand Cutter” construction support vessel. The purpose is to enable Ocyan to participate in several projects in the segment and the first of them will be the contract for the decommissioning of the subsea systems of 3 FPSOs, recently won from Petrobras... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 06/27/2022, informs that it has extended the deadlines for participation in the sale processes of Refinaria Abreu e Lima (RNEST), in Pernambuco, Refinaria Presidente Getúlio Vargas (REPAR), in Paraná, and Refinaria Alberto Pasqualini (REFAP), in Rio Grande do Sul, as well as the... Continue Reading →
Equinor is very close to restarting production in the Peregrino field, in the southern part of the Campos basin. However, the date for restarting operations in the area has been slightly readjusted. The board of the National Petroleum Agency (ANP) approved the postponement of the resumption of production in the field to August 31 this... Continue Reading →
(Reuters) - New legislation approved by the Brazilian Congress late on Wednesday reinstates a tax advantage to biofuels compared with fossil fuels, which should benefit companies producing ethanol in the long-term, analysts said on Thursday. Brazil's lower house approved the government-sponsored bill that among other things includes a provision saying biofuels should enjoy lower taxes... Continue Reading →
(Reuters) - U.S. oil and gas dealmaking fell to $12 billion last quarter, down from the first quarter and nearly a third of the $34.8 billion in the same period a year ago, as commodity price volatility left buyers and sellers clashing over asset values, according to data released by energy analytics firm Enverus on... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the Eligibility Committee (CELEG) resumed today the meeting, started on 07/07/2022, to finalize the analyses of the candidates for the Board of Directors nominated by the controlling shareholder: Mr. Gileno Gurjão Barreto (also nominated as Chairman of the Board); Mr. Edison Antônio Costa Britto Garcia; Mrs. Iêda Aparecida... Continue Reading →
Back-deck equipment specialist Maritime Developments MDL has supported engineering and marine services company DOF Subsea with SURF work packages in Angola. The MDL spread consisted of a second-generation reel drive system, four-track 85Te pipelay tensioner and an overboarding chute. It was mobilised onboard the offshore construction vessel Skandi Seven to perform SURF installation scopes of work.... Continue Reading →
Brazil Energy Insight 