Japanese FPSO specialist MODEC has been awarded the contract for the delivery of an FPSO unit for Equinor's Bacalhau development. The EPCI contract award follows the final investment decision for the development of the field, announced by Equinor and its partners Tuesday. The development of the field located in the Santos Basin will cost around $8 billion.... Continue Reading →
Karoon adds more wells to Maersk rig backlog
Oil and gas company Karoon Energy has exercised an option to add the drilling of two development wells at the Patola field offshore Brazil to the work scope of the Maersk Drilling-owned semi-submersible rig Maersk Developer. The work is expected to start in the second half of 2022, in direct continuation of the rig’s previously... Continue Reading →
TechnipFMC Awarded First iEPCI™ in Brazil for the Karoon Patola Field
(BUSINESS WIRE)--TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) today has been awarded its first integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract in Brazil by Karoon Energy (ASX:KAR) for the Patola field development. The contract covers engineering, procurement, construction and installation of subsea trees, flexible pipes and umbilicals. The project will take place at water depths of 300 meters... Continue Reading →
Petrobras announces the pricing of Global Notes
Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces the pricing of global notes denominated in U.S. Dollars (the “Notes”) to be issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”). The Notes will be unsecured obligations of PGF and will be fully and unconditionally guaranteed by Petrobras. Closing is expected to occur on June 10,... Continue Reading →
PETRORIO – OFFERING OF SENIOR NOTES (PRICING)
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), in compliance with the terms of the Instruction No. 358, of January 3, 2002, as amended, issued by the Brazilian Securities and Exchange Commission (“CVM”), informs its shareholders and the market in general, in addition to the material fact published by the Company on May 27, 2021,... Continue Reading →
Petrobras on the sale of a petrochemical company stake
Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (teaser), regarding the sale of its entire 27.88% stake in Deten Química S.A. (Deten), located in the Camaçari industrial complex, in the state of Bahia. The teaser, which includes key information about the opportunity, as well as the eligibility criteria for... Continue Reading →
Petrobras announces offering of Global Notes and commencement of cash tender offers
Petróleo Brasileiro S.A. – Petrobras announces that its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), has commenced (i) an offering of U.S. dollar-denominated global notes in the international capital markets (the “New Notes”), subject to market and other conditions (the “New Notes Offering”), and (ii) cash tender offers to purchase any and all of certain of its... Continue Reading →
Petrobras on Board of Directors member nomination
Petróleo Brasileiro S.A. – Petrobras, in clarification to the piece of news of O Globo under the title "Petrobras Board chooses today a new member in indirect election", informs that there is no meeting of the Board of Directors of the company scheduled for today to address this subject. As disclosed in the release dated... Continue Reading →
Subsea Integration Alliance confirms Bacalhau gig
Subsea Integration Alliance, the partnership between Subsea 7 and OneSubsea, has officially secured the EPCI contract with Equinor for the Bacalhau field in Brazil. The work scope covers the engineering, procurement, construction and installation (EPCI) of the subsea pipelines (SURF) and production systems (SPS) for the field located 185 kilometers from the coast of São... Continue Reading →
EXCLUSIVE Brazil probes U.S. oil trader Freepoint in alleged bribery scheme
(Reuters) Authorities in Brazil are investigating senior employees at Connecticut-based trading house Freepoint Commodities for their alleged role in a bribery scheme involving state-run oil company Petrobras, Reuters has learned. Federal police here suspect Freepoint, through an intermediary, routed bribes to Petrobras employees for a roughly seven-year period ending in 2018. Reuters pieced together the... Continue Reading →
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