Enseada Indústria Naval S.A. reports that the 6th Business Court of the Court of Justice of the State of Rio de Janeiro approved on November 14, the extrajudicial recovery plan filed by the company on January 27 of this year. As a result of this important event, the terms of the plan take effect and... Continue Reading →
Claudio Makarovsky is the new President of ABESPetro
11/22/2017 The Brazilian Association of Petroleum Services Companies (ABESPetro), elected on Tuesday the 21st), by direct vote of its members, the new board of directors for the biennium 2018/2019. They were elected: Alejandro Duran (GE Oil & Gas), Claudio Makarovsky (Siemens), Gilberto Cardarelli (Brasco), José Mauro Ferreira (TechnipFMC), Rodrigo Ribeiro (Queiroz Galvão) and Telmo... Continue Reading →
Public offering of Petrobras Distribuidora (BR) Shares
Rio de Janeiro, November 22, 2017 - Petróleo Brasileiro S.A. – Petrobras, further to the Material Facts disclosed on 09/28/2017 and 10/16/2017, reports that it filed with the Securities and Exchange Commission of Brazil ("CVM") documents related to the secondary public offering of common shares issued by BR (“Offer”), in compliance with CVM’s requirements. The... Continue Reading →
Director-General of ANP presents next rounds to US investors
Published: Friday, November 17, 2017, 6:05 pm The director general of the ANP, Décio Oddone, attended this week meetings and events with investors in the United States to discuss the regulatory changes implemented in Brazil, present the results of the rounds conducted in 2017 and begin the announcement of the bidding rounds of blocks... Continue Reading →
Singapore reclaiming the throne in offshore shipbuilding
Singaporean shipyards have held an influential position in the offshore shipbuilding world for years. Now they’re upping their game even more. Aside from a few major project awards like the Johan Castberg FPSO for Statoil (which I’ll go into more detail on below), things don’t seem to have changed much in the offshore shipbuilding industry. ... Continue Reading →
Heerema cuts first steel for Statoil’s Peregrino II jacket
Dutch contractor Heerema Fabrication Group has cut first steel for the Peregrino II jacket, marking the beginning of the construction phase for the Statoil-operated project located off Brazil. The steel-cutting ceremony was held at Heerema’s Vlissingen yard, according to the Dutch company’s Monday update released through its social media channels. The Peregrino jacket will be approximately 135... Continue Reading →
Siem Offshore seeks debt relief from banks, in talks to sell cable lay business
Norwegian shipping company Siem Offshore is seeking help from banks to ensure its survival through the downturn. The shipowner is also looking to sell its cable lay business. In preparation for an extended downturn in the offshore supply market, Siem Offshore Inc. has issued a request to its banks for installment relief and certain other... Continue Reading →
Brazil: Statoil extends drilling management deal with Archer
Oilfield services company Archer has received a three-year extension from Statoil for the provision of platform drilling management services on the Peregrino A and B platforms located offshore Brazil. Archer said on Friday that the contract was awarded by Norwegian company’s Brazilian entity, Statoil Brasil Oleo e Gas Ltda., and would begin on December 1,... Continue Reading →
Norway Oil Bosses Insist End Isn’t Nigh After $35 Billion Shock
Can Norway dump $35 billion in oil and gas investments, and simultaneously convince that same industry to throw money into the country’s own fossil-fuel future? After the initial shock of learning that Norway’s $1 trillion wealth fund wants nothing to do with it, the petroleum industry says both are in fact possible. Read more
Petrobras Oil & Gas B.V. divestment: Start of the non-binding phase
Rio de Janeiro, November 17, 2017 – Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on 11/7/2017, informs the start of the non-binding phase related to the divestment process of 100% equity interest of Petrobras Oil & Gas B.V. (“POGBV”). At this stage of the project, stakeholders who have signed the Confidentiality... Continue Reading →
Brazil Energy Insight 