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October 8, 2019 Petróleo Brasileiro SA - Petrobras, following up on the release of 11/28/2018, reports that today it completed the sale of its interests in Pargo, Carapeba and Vermelho fields, located in shallow waters off the coast of the State of Rio de Janeiro, to Perenco Petróleo e Gás do Brasil Ltda (“Perenco”). After... Continue Reading →
Struggling French offshore vessel owner Bourbon has received an offer for the takeover of its assets and activities. As part of the reorganization proceedings opened since August 7, 2019, by the Marseilles Commercial Court to the benefit of Bourbon Corporation and its affiliate Bourbon Maritime, Court Administrators have received a takeover offer, Bourbon said in... Continue Reading →
(Reuters) - Brazilian state bank Caixa Economica Federal has filed a legal motion requesting the liquidation of engineering conglomerate Odebrecht SA, according to court documents seen by Reuters, in what could be a dramatic end to the graft-plagued company. Caixa also demanded that creditors appoint new management at the conglomerate and its subsidiaries if the... Continue Reading →
Norway’s TGS (TGS.OL), a supplier of seismic data to the global oil industry, reported record third-quarter revenues on Tuesday, beating both its own and analysts’ forecasts, the company said. So-called net segment revenues hit $277 million for the July-September period, while the company had predicted it would be in excess of $250 million. Continue reading
Norwegian subsea service business DOF Subsea has found itself in a challenging financial position as a result of the continued challenging market situation with low vessel utilization and depressed dayrates. In its financial report for the second quarter 2019 published in late August, DOF Subsea said that its current earnings were not sufficient to support... Continue Reading →
Petrobras informs, in addition to the press release issued on August 9, 2019, that the Comisión Nacional de Valores (CNV), the Argentine capital market regulator, has authorized the withdrawal of its shares from the public offering regime, exempting the company from promoting a public offering for the acquisition of shares in accordance with CNV General... Continue Reading →
Brazilian drilling contractor Sete Brasil has reached agreements with Singapore’s rig builders Keppel Offshore & Marine and Sembcorp Marine related to contracts for the construction of six semi-submersible rigs and seven drillships, respectively. Sete Brasil was formed in 2011 to own and operate drilling rigs to be used by Petrobras for drilling offshore Brazil. The... Continue Reading →
October 04, 2019 Petróleo Brasileiro S.A. – Petrobras reports that on October 17, after market closes, the company will release its quarterly production and sales report for 3Q19 and on October 24, also after market closes, it will disclose the financial statements report. On October 25 it will be held two conference calls/webcasts to present... Continue Reading →
October 04, 2019 Petróleo Brasileiro S.A. - Petrobras informs that in connection to the press released of August 1st, 2019 is paying today Interest on Capital (IOC), as defined in art. 9, sole paragraph of its Bylaws. The gross value to be distributed, totaling R$ 2,608,840,252.20, corresponds to a gross amount of R$0.20 per common... Continue Reading →
Oct 02, 2019 BNDES will participate in project modeling and financing of the natural gas sector infrastructure, and seeks, among the objectives of the Gas for Development Program, to support projects such as those on routes 4, 5 and 6, aimed at increasing offshore production flow capacity in the country. Part of the BNDES Gas... Continue Reading →
Brazil Energy Insight 