Floating production platform construction market maintains momentum from high oil, gas prices

By David Boggs, Energy Maritime Associates (OM) The floating production construction market continued to grow in 2022, maintaining a rebound that began in 2021. As we enter a new year, the industry sentiment remains buoyant, with most respondents optimistic about the future. Recently, Energy Maritime Associates conducted its tenth annual Global Floating Production Industry Survey, which... Continue Reading →

Petrobras on the sale of the LUBNOR refinery

Petróleo Brasileiro S.A. - Petrobras, in reference to the release of May 25, 2022, informs that following up on the approval process of the sale transaction of Refinaria Lubrificantes e Derivados do Nordeste - LUBNOR, on today's date, the Court of the Administrative Council for Economic Defense - CADE approved an order from Councilors Vitor... Continue Reading →

Petrobras on sale of stake in power sector company

Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 12/22/2022, informs the beginning of the non-binding phase regarding the sale of its 18.8% stake in the capital stock of UEG Araucária S.A. (UEGA), together with its partners, Companhia Paranaense de Energia - COPEL and COPEL Geração e Transmissão S.A., which hold, respectively,... Continue Reading →

Seadrill drillship kicks off its gig off Brazil

Offshore drilling contractor Seadrill has revealed that one of its drillships embarked on its assignment at a field offshore Brazil with the country’s oil and gas giant, Petrobras. Back in December 2021, Petrobras awarded the contract for the West Jupiter drillship to Seadrill for work on the Búzios field offshore Brazil. As it came less than a month after Seadrill was... Continue Reading →

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