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The Libra Consortium has taken a final investment decision to contract the Mero-3 floating production, storage and offloading (FPSO) vessel to be deployed at the Mero field in the Santos Basin offshore Brazil, Shell (NYSE: RDS.A) reported Tuesday. Besides Shell, other members of the Petrobras (NYSE: PBR)-operated Libra Consortium include Total (NYSE: TOT), CNPC and... Continue Reading →
Over the past four months we have been flooded by news of just how badly the offshore rig market has been hit during the double whammy of the Corona pandemic and oil price fallout. We witnessed what seemed like a never-ending wave of contract cancellations coupled with increasing numbers of contract options being declined, along... Continue Reading →
Norwegian subsea project and marine services provider DOF Subsea has been awarded four new contracts with Brazilian oil company Petrobras. DOF said Thursday that at least three vessels from the DOF fleet would be mobilized to perform flexible pipeline, risers and subsea equipment inspection in Campos Basin, Santos Basin, Marlin Field, and Espírito Santos Basin.... Continue Reading →
August 26, 2020 Petróleo Brasileiro S.A. - Petrobras informs that all external events held through digital platforms, in which the Company's CEO, officers or representatives are invited to participate, will be disclosed in the Events Calendar available on the Company's website: (https://www.investidorpetrobras.com.br/resultados-e-comunicados/calendario-de-eventos). The Company will also disclose, in a timely manner, the information that may... Continue Reading →
August 26, 2020 Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors approved, today, the proposal to sell its remaining 37.5% stake in the capital stock of Petrobras Distribuidora S.A. (BR), by means of a secondary public offering (follow-on). The moment of launching the offer will be defined later, and is subject, among... Continue Reading →
August 26, 2020 Petróleo Brasileiro S.A. – Petrobras, in continuity to the notices to the market released on July 21 and July 29, 2020, hereby announces that a judicial decision was issued today in favor of the Company, determining the immediate suspension of the arbitration proceeding filed by Fundação Petrobras de Seguridade Pessoal (Petros) and... Continue Reading →
Dutch offshore services company Fugro has won three long-term contracts by Petrobras to provide remotely operated vehicle (ROV) services for a variety of subsea activities in Brazil. "All three contracts are for 3-year firm periods with additional 1-year options," Fugro said Wednesday. Fugro said the contracts were secured in partnership with offshore vessel owners Solstad... Continue Reading →
August 25, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the releases dated 07/27/2020 and 03/20/2020, informs that it made today the partial pre-payment of its revolving credit lines, in the amount of US$ 2.1 billion. With this prepayment, the company currently has available US$ 5.6 billion for new withdrawals on the revolving credit... Continue Reading →
Aug 25, 2020 Petrobras is going to the market to charter support vessels for its operations in offshore fields. The state-owned company recently launched three tenders, which are linked to each other, for chartering vessels used to combat oil spills (known by the acronym OSRV). The period for submission of proposals started this week, but... Continue Reading →
August 24, 2020 Petróleo Brasileiro S.A. - Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of all of its stakes in a set of twenty-six onshore and shallow water E&P concessions, located in the Potiguar Basin, in the state of Rio Grande do Norte, jointly called Potiguar Cluster.... Continue Reading →
