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Chinese shipbuilder Cosco Dalian has completed the construction of the Carioca MV30 FPSO for Japan's Modec. The 332 meters long Carioca FPSO - converted from Flandre VLCC - will be deployed at the Sépia field operated by Petrobras, located in the “pre-salt” region of the Santos Basin some 250 kilometers off the coast of Rio de Janeiro,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on September 28, 2020, informs that its Executive Board approved a new change in the deadline for certain conditions set forth in the agreement signed with Sete Brasil to be implemented. Thus, the effectiveness of the agreement and of the other related contracts will... Continue Reading →
Subsea 7 slipped into the red in the third quarter 2020 on decline in activity in the sector and costs generated by the Covid-19 pandemic. The engineering and construction specialist recognised quarterly net loss of $43 million, against profit of $42 million in Q3 2019. This brings losses since the start of the year to... Continue Reading →
Energy Platform (EnP) announced the acquisition of a 50% stake in Petro-Victory Energy in the fields of the Lagoa Parda Cluster, recently divested by Petrobras, and in the exploratory blocks ES-T-354 , 373, 441, 477 and 487, all on the Espírito Santo onshore and concluded in the 14th ANP round. The transaction marks EnP's entry... Continue Reading →
DOF Subsea has reported NOK 133 million loss in the third quarter of 2020, against NOK 1.1 billion in Q3 2019. The company generated operating revenue of NOK 1.2 billion, against NOK 1.15 billion same time last year. Revenue also includes cancellation fee of NOK 110 million for two long-term contracts that have been cancelled. Operating profit... Continue Reading →
Oil and gas services firm SBM Offshore raised its full-year core profit guidance on Thursday on the back of a 23% increase in nine-month revenue and said it had started work on a pilot floating offshore wind project in France. The Dutch company, which supplies floating oil and gas production vessels, now expects 2020 earnings before interest,... Continue Reading →
Baker Hughes, Halliburton and Schlumberger signed Bacalhau well contracts with Equinor , in the Santos Basin pre-salt. According to the operator, the average local content is estimated at 74%. - The total value of the services is of the order of US $ 455 million, with a firm term of 4 years and two options... Continue Reading →
(Reuters) - Petrobras is expected to receive binding proposals on December 10 for its refinery in Rio Grande do Sul, Refap, from the Indian conglomerate Essar Group and local companies Raízen and Ultrapar Participações among potential stakeholders , said people involved in the negotiations. All three companies were pre-qualified for the binding phase of the... Continue Reading →
Australian player Karoon Energy has completed the acquisition of a 100 per cent operating interest in the Baúna field, located in the Santos Basin offshore Brazil, which will see it transform from an oil and gas exploration company into an oil production company. To remind, Karoon in July 2019 presented the high bid in the process to... Continue Reading →
Offshore drilling contractor Noble Corporation is preparing to emerge from Chapter 11 bankruptcy with a temporary name change to allow continued use of its name upon emergence. Noble Corp. said last Friday it had changed its name to Noble Holding Corporation plc to allow the ultimate parent company that emerges from Chapter 11 reorganization to... Continue Reading →
Brazil Energy Insight 