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Offshore drillship contractor Seadrill on Wednesday announced its emergence from Chapter 11 bankruptcy after successfully completing its reorganization. The Plan was confirmed by the U.S. Bankruptcy Court for the Southern District of Texas on October 26, 2021. "The restructuring significantly delevered the company’s balance sheet by equitizing approximately $4.9 billion of secured bank debt previously... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors approved on this date the partial prepayment of the Pre-70 Term of Financial Commitment (TFC Pre-70) and Pension Difference Term of Financial Commitment (TCF Pension Difference), celebrated with the Fundação Petrobras de Seguridade Social (Petros), in the amount of R$ 6.882 billion, expected to... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 01/15/2021, informs that the Company's Board of Directors, at a meeting held today, approved the sale of its total interest (100%) in a set of 4 concessions of onshore production fields, with integrated facilities, located in the state of Espírito Santo - ES,... Continue Reading →
The FPSO Cidade de Itajaí (CDI), which completes nine years of operation in February, reached the milestone of 1 million m³ of oil produced in Campo de Baúna, in the Santos Basin, since the signing of service and charter contracts with Karoon, in November 2020. The unit operated by the joint venture Altera&Ocyan (a partnership... Continue Reading →
(epbr) Enauta announced today that it has approved investments of US$ 1.2 billion in the final production system project in the Atlanta field, in deep waters of the Santos Basin. The resources already include US$ 100 million that need to be contributed after the start of production and US$ 500 million referring to the production... Continue Reading →
(PetroleoHoje) The dispute over the contract for the P-80, Petrobras' own FPSO that will make up the 9th module of Buzios, in the Santos cluster, should be restricted to two large international groups. After successive postponements and a long period of lack of interest, the Sembcorp and Keppel shipyards began to work to present a... Continue Reading →
Offshore drilling contractor Seadrill Limited has revealed a timeline for its emergence from the Chapter 11 bankruptcy, expecting it to be this month. After a year of restructuring, Seadrill anticipates emerging from the Chapter 11 process in February 2022, likely prior to the end of the present week. As previously reported, Seadrill hammered out its plan... Continue Reading →
(OE) Malaysian FPSO specialist Yinson said Tuesday it had signed firm contracts with the Brazilian oil company Enauta for the provision, operation, and maintenance of an FPSO in the Atlanta Field located in the Santos Basin, offshore Brazil. This follows letters of intent between two firms signed in December 2021. Enauta has been producing oil... Continue Reading →
(Reuters) - Oil hit its highest since 2014 on Tuesday as tensions between Russia and Ukraine escalated after Moscow ordered troops into two breakaway regions in eastern Ukraine, adding to supply concerns that are pushing prices to near $100 a barrel. The United States and its European allies are poised to announce new sanctions against... Continue Reading →
(Portos e Navios) The development of offshore wind projects in Brazilian jurisdictional waters has a way to go, but it has good indicators in different business areas. Sector agents consulted by Portos e Navios believe that the reduction of bureaucracy in the process and gains in scale will contribute to making projects viable, attracting new... Continue Reading →
Brazil Energy Insight 