Chinese oil, shipping, telecom, dredging, and offshore drilling companies are facing a threat of U.S. sanctions if a South China Sea bill introduced last Thursday by several U.S. senators is enacted. U.S. Senators Marco Rubio (R-FL) and Ben Cardin (D-MD) last Thursday introduced the bill to impose sanctions against Chinese individuals and entities that participate... Continue Reading →
Rio de Janeiro, May 27, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that it has started the opportunity disclosure phase (Teaser), related to the sale of its total equity interest in 27 mature onshore fields, including shared production outflow and treatment facilities located in Espírito Santo, in the Municipalities of São Mateus, Jaguaré, Linhares... Continue Reading →
Malaysian OSV and FPSO leasing company Bumi Armada has posted a rise in net profit for the first quarter of 2019. The company’s net profit was 62.2 million Malaysian ringgit, up from RM 48.7 million a year ago. “The increase is mainly due to higher allowance for impairment losses of receivables in YTD 2018 and... Continue Reading →
Offshore drilling contractor Seadrill has posted a quarterly loss but it says it sees improvement in deepwater drilling contracting activity. The company has also revealed it has secured more work for its rigs. Seadrill on Thursday posted a net loss $296 million, on total operating revenues of $302 million for the first quarter of the... Continue Reading →
5/24/2019 Petrobras has assured the National Petroleum, Natural Gas and Biofuels Agency (ANP), which is responsible for regulating the sector, it is capable of producing bunker fuel with low sulfur in sufficient volume to meet Brazil's demand from January of 2020, when international law that limits the sulfur content of vessels by 0.5% enters into... Continue Reading →
The president of the National Oil, Natural Gas and Biofuels Agency (ANP), Décio Oddone, said last Thursday (23) that "there is room" for the postponement to 2020 of at least one of the three major oil auctions for the second half of this year. "Three auctions in the same semester can overwhelm the technicians... Continue Reading →
May 23, 2019 BE Petroleo details projects submitted to IBAMA by operators between 2018 and this year A universe of approximately 170 wells. This is the scope of offshore E & P projects whose characterization sheets have been submitted to IBAMA since 2018 by offshore asset operators in the country, according to a survey by... Continue Reading →
Rio de Janeiro, May 22, 2019 - Petróleo Brasileiro SA - Petrobras reports that it received the Official Letter No. 328/2019-SLS, which requests the following clarification: Official Letter nº 328/2019-SLS “Dear Gentlemen, In news published by Valor Econômico newspaper on 05/21/2019, the article under the title “Naufrágio pode atrasar projeto da Petrobras” [Wreckage May Delay... Continue Reading →
05/23/2019 - The development of the Libra block, in the Santos Basin pre-salt, prompted Petrobras and partners to embark on a journey of unique innovation. The peculiar conditions of the mine, unparalleled in the industry - with a high presence of carbon dioxide and contaminants, in ultra-deep waters of up to 2,200 meters - led... Continue Reading →
May 23, 2019 ANP approved exploratory programs for the Dois Irmãos, Uirapuru, Três Marias and Saturno blocks, acquired in 2018 The ANP approved, last Wednesday (22/5), the minimum exploratory programs of the Dois Irmãos, Uirapuru, Três Marias and Saturno blocks, acquired in the fourth and fifth rounds of the production sharing regime in 2018. Together,... Continue Reading →
