Aug 30, 2019 Petrobras, in continuation of the announcements released on June 28 and July 15, 2019, referring to the first phase of the refining and associated logistics assets sale processes in the country, which includes refineries Abreu e Lima (RNEST), Landulpho Alves (RLAM), President Getúlio Vargas (REPAR) and Alberto Pasqualini (REFAP) and their corresponding... Continue Reading →
Petrobras Extends with DOF
Sept 2, 2019 DOF’s subsidiary Norskan and Petrobras have signed a 1-year extension for the AHTS Skandi Fluminense. The vessel, built in 2007, is an AHTS 18.000 with one work-class ROV operated by DOF Subsea on board. According to DOF, the new deal should see the vessel employed until September 2020. The contract extension... Continue Reading →
High priority for pre-salt projects
Aug 30, 2019 Petrobras' main projects today are focused on natural gas, whose exploration focuses on deep water. There are several development fronts in this arena, which involve resources of US $ 3.7 billion. The most important of them, the so-called Route 3, is under implementation. The Integrated Route 3 Project, with a capacity of... Continue Reading →
Decommissioning of 21 platforms should generate $ 50 billion for the naval industry
Aug 30, 2019 Decommissioning of platforms should generate $ 50 billion of investments for the naval industry. Rio de Janeiro will concentrate the works with the decommissioning of 21 old oil rigs installed in the Campos Basin, which need to have their equipment disassembled and uninstalled. The statement comes from the Secretary of State for... Continue Reading →
Petrobras updates on event in the Campos Basin – FPSO Rio de Janeiro
August 29, 2019 - Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 08/28/2019, reports that Modec has reported to the company that, this Thursday morning, the Salvage team boarded the FPSO Cidade do Rio de Janeiro again to proceed with the activities to prepare the decommissioning and removal of the vessel.... Continue Reading →
Petrobras announces start of binding phase for the sale of Compañia MEGA S.A.
August 29, 2019 Petróleo Brasileiro S.A. – Petrobras, following up on the release dated 07/11/2019, informs the beginning of the binding phase related to the sale of its entire 34% stake in Compañia MEGA S.A. (“MEGA”), through its wholly-owned subsidiary Petrobras International Braspetro B.V. (“PIB BV”). Parties qualified for this phase will receive a process... Continue Reading →
Torpedo piles to keep Mero 1 FPSO in place
Brazilian engineering and construction firm Delp will deliver subsea torpedo piles for the anchoring system designed to keep Petrobras’ Mero 1 FPSO in place. The Mero 1 FPSO will be used for oil production at Mero field, in the Libra block offshore Brazil. The Mero field is located around 180 kilometers off the Rio de... Continue Reading →
Oil companies and investment funds dispute Petrobras refinery divestments
Aug 28, 2019 In addition to global oil giants such as Exxon, Shell, Total and Saudi Aramco, banks, investment funds and trading companies, also move the pieces in the game for the purchase of eight refineries that Petrobras has placed for sale. According to sources, nearly two dozen companies signed the confidentiality agreement with the... Continue Reading →
MODEC cleaning up after oil spill on Petrobras field off Brazil
Japanese FPSO operator MODEC is working to clean up and disperse the remaining oil following an oil spill on the Petrobras-operated Espadarte field offshore Brazil last Friday. Operated by Modec and serving Petrobras since 2007, the FPSO Cidade do Rio de Janeiro ended its production cycle in July 2018 and has been in the process... Continue Reading →
Petrobras announces CARF favorable decision related to approval of PIS and Cofins credits
August 28, 2019 - Petróleo Brasileiro S.A. - Petrobras informs that it has been notified of final decision, without possibility of appeal, from the Administrative Board of Tax Appeals (CARF) that canceled a debt of R$ 5.9 billion in favor of the company regarding the approval of PIS and Cofins credits. The decision will result... Continue Reading →