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(PetroNoticias) CBO Group, a Brazilan maritime support company, today signed an Investment Agreement for the acquisition of the Brazilian company Finarge Apoio Marítimo, owner of a Brazilian-flagged AHTS (Anchor Handling Tug Supply) vessel; and four foreign-flagged AHTS vessels belonging to Finarge Armamento Genovese SRL, totaling the purchase of five vessels. The closing of the transaction,... Continue Reading →
(Offshore) Seadrill has reached an agreement with Northern Ocean Ltd. on balances outstanding from Seadrill’s preparation of the semisubmersible drilling rigs West Mira and West Bollsta. Seadrill has reached an agreement with Northern Ocean Ltd. (NOL) on balances outstanding from Seadrill’s preparation of the semisubmersible drilling rigs West Mira and West Bollsta. The settlement closes all outstanding balances, claims,... Continue Reading →
(Reuters) - Mexico's government is investigating the world's largest independent energy trader Vitol over "irregularities" in the documenting of its refined oil products entering Mexico that could lead to criminal charges for tax evasion, the country's tax chief told Reuters. The probe of Vitol (VITOLV.UL) is part of a drive to investigate alleged import tax... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that, on this date, it became aware of a favorable decision handed down by the Minister Reporter of the Federal Supreme Court, in appeals filed against the decision of the Superior Labor Court on the review of the methodology for calculating the Minimum Compensation Per Level and Working Regime... Continue Reading →
(Reuters) - The U.S. Justice Department is investigating Connecticut-based trading house Freepoint Commodities over whether payments to employees of Brazil's state-run oil company broke U.S. laws, two sources with knowledge of the matter told Reuters this week. The criminal probe, which is being led by prosecutors in Washington, complements a separate, ongoing bribery investigation into... Continue Reading →
Two of Keppel Offshore and Marine Limited’s wholly-owned subsidiaries have received a request for arbitration from an unnamed company for two FPSO contracts. Singapore’s conglomerate Keppel Corporation said in an SGX filing that the contracts in question were engineering, procurement, and construction contracts relating to floating production, storage, and offloading (FPSO) units. According to the company, the... Continue Reading →
Bankrupt offshore drilling contractor Seadrill Limited has hammered out a reorganisation plan with its consenting lenders, which will allow it to emerge from Chapter 11 bankruptcy. Seadrill expects to get approval for the plan in early November 2021. To remind, Seadrill filed for Chapter 11 in February 2021. Just last week, it was reported that... Continue Reading →
Singapore-based Keppel Offshore and Marine subsidiaries have been slapped with a request for arbitration from an unnamed counterparty in relation to contracts for the delivery of Floating, Production, Storage, and Offloading (FPSO) vessels. Keppel said this week that the unnamed claimant had withheld $11.3 million due to Keppel's subsidiaries under the FPSO engineering, procurement, and construction... Continue Reading →
(PetroleoHoje) The ANP board approved the guarantee instrument presented by Total for the deactivation and abandonment of the Lapa field, in the Santos Basin. Thus, the French company is able to sign the amendment to the concession contract, assuming 45% of the field, in consortium with Shell (30%) and Repsol Sinopec (25%). In May 2020,... Continue Reading →
Noble Corp and a consortium that includes Transocean Ltd and Dolphin Drilling are competing to acquire the assets of Seadrill Ltd, the bankrupt offshore oil driller controlled by Norwegian-born tycoon John Fredriksen, people familiar with the matter said on Tuesday. Seadrill is trying to emerge from its second U.S. Chapter 11 bankruptcy in four years:... Continue Reading →
Brazil Energy Insight 