Maersk Supply Service has secured a one-year contract extension for one of its I-class subsea support vessels with an undisclosed “major” oil operator in Angola. Under the contract, Maersk Supply will provide full inspection, repair and maintenance (IRM) services supported by one of its I-class vessels, as well as project management and engineering services. The... Continue Reading →
Mexico bans Vitol, Trafigura from new oil trades on corruption allegations
(WO) Vitol Group and Trafigura Group -- both barred from new oil-trading business with Mexico’s state producer for alleged corruption -- will be subject to the ban until at least the end of 2024 while the government reviews the conduct of other commodity traders, Energy Minister Rocio Nahle said. Pemex won’t give new work to... Continue Reading →
PETROBRAS DISQUALIFIES YINSON’S FPSO PROPOSAL FOR PARQUE DAS BALEIAS
Petrobras disqualified this week the proposal of the company Yinson form the construction of the Parque das Baleias FPSO, the only one that made bid in the tender. According to the oil company, in a decision published on the Petronect portal, Yinson's offer was “above the estimate”. Even after months of negotiations, the two sides... Continue Reading →
Petrobras oil & gas divestments could end this year
The Petrobras divestment program of oil and gas producing fields has a date set to end: December 31, 2021, as determined by the National Agency for Petroleum, Natural Gas and Biofuels (ANP). In recent years, medium-sized oil companies have gained muscle by acquiring state-owned assets. But, starting in 2022, they will need to look for... Continue Reading →
Karoon Energy Names New CFO
Australian oil and gas company Karoon Energy has this week named Ray Church as Executive Vice President and Chief Financial Officer. Church will start with Karoon on September 27. 2021. Current Chief Financial Officer, Scott Hosking, will oversee the preparation of Karoon’sfinancial statements for the year ended June 30, 2021, and will step down from... Continue Reading →
Petrobras clarifies about pieces of news in the media
Petróleo Brasileiro S.A. – Petrobras, regarding the piece of news published in the media, clarifies that its stake in Braskem is part of the assets included in its portfolio management, as disclosed in the Strategic Plan 2021-2025. As disclosed on August 9, 2021, Petrobras has hired JP Morgan for financial advisory services for the eventual... Continue Reading →
Emerging oil nations reject climate curbs on exploration, pursue rapid development
(Reuters) - The world's newest oil-producing nations grabbed the spotlight at this week's Offshore Technology Conference with ambitious plans to tap oil and gas discoveries in a race against a global energy transition to lower-carbon fuels. At the conference highlighting renewable and cleaner-burning fuels and investors moving bets away from fossil fuels, Brazil, Ghana, Guyana,... Continue Reading →
ABS to Class FPSO Pair Being Built for Petrobras Buzios Field
The American Bureau of Shipping said Thursday that an FPSO duo being built for Brazil's Petrobras would be constructed to ABS Class. The sister FPSOs are currently named P-78 and P-79 and will be deployed at the giant Buzios pre-salt offshore oil field in Brazil's Santos Basin. ABS said that the fact the FPSO duo... Continue Reading →
Strohm Sets Up Shop in Brazil
Strohm, a business that specializes in composite pipe technology, announced on Thursday that it had opened a new office in Rio de Janeiro and that it was establishing a center of excellence for developing its Thermoplastic Composite Pipe (TCP) technology as part of its South American expansion strategy. "Strohm is extending its footprint in Brazil... Continue Reading →
Guyana, Suriname eye further drilling from oil majors after discoveries
(Reuters) - Guyana and Suriname expect continued exploratory drilling over the next two years by oil majors in their joint offshore basin after a string of recent discoveries, government officials and corporate executives said at a conference on Wednesday. The neighboring South American countries, along with Brazil, attracted the most attendees to sessions at the... Continue Reading →
