Brought to you by Quest Offshore & Southern Cone Consultants
(OE) Noble Corporation has entered into a definitive agreement to acquire Diamond Offshore, creating a fleet of 41 rigs - including 28 floaters and 13 jack-ups, and a combined backlog of approximately $6.5 billion. Noble will acquire Diamond in a stock plus cash transaction, whereby Diamond shareholders will receive 0.2316 shares of Noble, plus cash... Continue Reading →
To improve the efficiency and safety of deep-water oil and gas activities, Petrobras and Curtiss-Wright have entered into a technological cooperation agreement to design a fully electric, highly reliable subsea pumping system with far less dependency on the production platform. The new equipment produced by the partnership will reduce vessel costs, enable production through long... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that Moodys rating agency has reaffirmed its credit rating at "Ba1", one notch above the country, with a stable outlook. The stand-alone credit rating was also reaffirmed at "Ba1", reflecting the company's credit metrics and its positive track record of operational and financial improvement. The rating also reflects Moody's... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that it signed today a Memorandum of Understanding (MoU) with the Chinese Export Credit Agency, Sinosure. The agreement aims to evaluate investment and cooperation opportunities in low-carbon and green finance initiatives; to strengthen Petrobras' supply chain; and to increase and facilitate trade and financial exchanges between Petrobras and Chinese... Continue Reading →
(PN) PetroReconcavo signed a contract to sell 50% of its stake in seven concessions to Mandacaru Energia (Ubuntu). The assets (Acauã, Baixa do Algodão, Fazenda Curral, Fazenda Malaquias, Pajeú, Rio Mossoró and Três Marias) are located in the Potiguar Basin, in the state of Rio Grande do Norte. The fields currently produce 390 barrels of... Continue Reading →
(gCaptain) Equinor, a leading energy company, has announced the execution of a Purchase and Sale Agreement (PSA) with the New York State Energy Research and Development Authority (NYSERDA) for the renewable energy produced by the Empire Wind 1 offshore wind project. The agreement comes after NYSERDA’s February announcement selecting Equinor as a conditional winner in... Continue Reading →
(OE) Brazilian deepwater drilling firm Ventura Offshore Holding has been listed for public trading at Euronext Growth in Oslo, Norway. On March 8, 2024, Ventura Offshore Holding entered into a share purchase agreement (SPA) with Petroserv Marine regarding the acquisition of all outstanding shares in Universal Energy Resources. Following the closing of the acquisition two... Continue Reading →
(OM) TotalEnergies, together with APA Corporation and Staatsolie, has made progress toward reaching the final investment decision (FID) for the development of deepwater Block 58 offshore Suriname, expected to be made in the fourth quarter of 2024. TotalEnergies is the operator of Block 58 with a 50% interest, alongside APA Corporation (50%), while Staatsolie has... Continue Reading →
(OE) Norwegian offshore vessel operator DOF Group has secured a ‘major contract’ from Petrobras for its pipelay support vessel (PLSV) Skandi Vitória. DOF secured a three-year firm contract, plus option, for its PLSV Skandi Vitória as part of an ongoing tender process. The contract starts in 2025, according to DOF. The vessel is Brazilian-built and... Continue Reading →
(TN) Subsea7, a global leader in the delivery of offshore projects and technology for the energy sector, confirmed, after a competitive process, the signing of four long-term daily rate contracts for engineering vessels (PLSVs) with Petrobras. The agreements, which will begin next year, have a combined value of more than US$1.25 billion and will be... Continue Reading →
Brazil Energy Insight 