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(epbr) J&F Investimentos, the Batista family holding company, presented a proposal to Novonor for Braskem, the petrochemical company confirmed. The value of the offer, of R$ 10 billion, includes the acquisition of all credits held by Novonor's financial creditors – whose debt with financial institutions is guaranteed by its shares in Braskem. In a note... Continue Reading →
(OET) Newly formed upstream energy investment platform Samos Energy has completed its first acquisition by getting its hands on all shares of PetroFirst, a floating energy infrastructure owner, from funds managed by BlackRock Infrastructure and from Petrofac Limited. According to Samos Energy, this acquisition enables it to take over PetroFirst’s fleet of three offshore production... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it requested access to Braskem's virtual data room, on today's date, thus starting the due diligence process, according to the rules provided for in the Braskem Shareholders Agreement signed between Petrobras and Novonor S.A., for the possible exercise of tag along or preemptive rights, in the event of... Continue Reading →
Norway’s FPSO operator BW Offshore has completed the sale of another floating, production, storage, and offloading (FPSO) vessel to a buyer, whose name was not revealed. BW Offshore recently revealed that it had closed the sale of the FPSO Sendje Berge to an undisclosed local FPSO owner and operator for a total consideration of $15 million. The... Continue Reading →
(OE) Norwegian offshore vessel operator Solstad Offshore has officially exited the platform supply vessel business. Namely, the company on Wednesday completed the sale of its PSV fleet to the U.S. offshore vessel firm Tidewater for approximately $580 million. The transaction, first announced in March, was completed Wednesday, with all 37 platform supply vessels, primarily used for... Continue Reading →
(OE) Norwegian offshore vessel owner Solstad Offshore has revealed the expected completion date for its previously agreed sale of 37 platform supply vessels to the U.S. offshore vessel firm Tidewater. Solstad Offshore in March said it would sell 37 PSVs to Tidewater in a move that will mark Solstad Offshore's exit from the platform supply vessel... Continue Reading →
(PN) Petrobras has again extended the deadline for submitting proposals in the bidding process for contracting the new FPSO in the Albacora field. Now, the companies involved in the process will be able to file their bids until the 15th of September, as stated on the Petronect website. This is the second calendar postponement. As... Continue Reading →
(PN) The court of the Administrative Council for Economic Defense (CADE) gave the green light for the sale of Lubrificantes e Derivados de Petróleo do Nordeste (Lubnor), in Ceará, to Grepar. The transaction was unanimously approved and the process was reported by board member Lenisa Rodrigues (photo). However, the plant will be sold through a... Continue Reading →
Italy’s oilfield services provider Saipem has strengthened its financial structure and liquidity, after its two new credit facilities, totalling €860 million (nearly $945 million), came into effect. Saipem entered into two new credit facilities in February 2023 with a pool of leading national and international banks. The effectiveness of these credit facilities was subject to the enactment... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news published in the media, informs that there is no decision from the Executive Board or the Board of Directors in relation to the process of divestment or increase of interest in Braskem. Petrobras is currently developing analyses to define the best alternative for executing its... Continue Reading →
Brazil Energy Insight 