International Coalition files Lawsuit in District Court of Rotterdam, The Netherlands, for Damages Caused by Alleged Corruption and Fraud Perpetrated by Petroleo Brasiliero, certain affiliates and its Executives. | Business Wire <!-- 560x292 463x224 --> /js/libs/html5shiv-printshiv.js January 24, 2017 12:01 AM Eastern Standard Time ROTTERDAM, Netherlands--(BUSINESS WIRE)--An International coalition announced today that a lawsuit was... Continue Reading →
Petrobras accepts pay raise demand, in exchange for fewer hours
Jan 18 Brazil's state-controlled oil company Petrobras said on Wednesday it accepted a demand from workers for an 8.5 percent pay raise retroactive to September, a move that could eliminate the threat of a strike. The raise, however, would depend on workers accepting possible cuts in work hours, the company said. (Reporting by Marta Nogueira;... Continue Reading →
Petrobras to appeal ruling suspending Libra platform bidding
Petróleo Brasileiro SA will appeal a court decision that suspended bidding for the lease of a first floating production, storage and offloading (FPSO) platform for the giant Libra off-shore oil field, the company said on Wednesday. The Brazilian shipbuilders association Sinaval obtained an injunction suspending the bidding process based on its argument that the auction... Continue Reading →
UPDATE 1-Petrobras closes $4 billion bond issuance
Brazil's state-controlled oil company Petrobras on Tuesday closed a $4 billion issuance of 5 and 10-year notes in international markets as part of the debt-laden company's efforts to term out upcoming maturities, it said in a statement. The order book was five and four times oversubscribed in the 5 year and 10-year tranche, respectively, with... Continue Reading →
Ampelmann supports SBM Offshore FPSO work in Brazil
zoomAmpelmann E-type gangway; Image source: Ampelmann Dutch offshore access solutions provider Ampelmann has been awarded a contract by SBM Offshore in support of an FPSO maintenance campaign in the Espírito Santo Basin offshore Brazil. Ampelmann said on Monday that the contract entails the provision of an E-type gangway system in January 2017, with a scope... Continue Reading →
PLSV Skandi Vitoria lands Petrobras gig
zoom Brazilian oil company Petrobras has awarded the Brazilian-built pipe-lay support vessel (PLSV), Skandi Vitória, a contract of 532 days. The vessel is owned through a joint venture between the Norwegian shipping company DOF and the French oilfield services provider Technip. DOF said on Monday that the contract with Petrobras will start in January. Skandi... Continue Reading →
Subsea 7’s PLSV terminated early as Brazilian-flagged vessel takes over
Subsea engineering, construction and services company Subsea 7 on Monday announced the early termination of the day-rate contract for its pipe-lay support vessel (PLSV), Seven Mar. The 2001-built vessel was working for Petrobras, offshore Brazil, and the termination is effective from January 16, 2017. The contract was due to expire in 2018 and as... Continue Reading →
PETROBRÁS RECEIVES NEW FINES FOR LOCAL CONTENT INDEX VIOLATIONS
January 13, 2017 In the first three audits conducted by the National Petroleum Agency (ANP) to verify compliance with local content, Petrobras was fined in all of them. The state-owned company was punished for not reaching the percentages in blocks REC-T-181, in the Recôncavo Basin; and S-M-1480 and S-M-1482, in the Santos Basin. In the... Continue Reading →
Halliburton pens deepwater tech deal with Petrobras
Halliburton pens deepwater tech deal with Petrobras | Offshore Energy Today zoom Oilfield service provider Halliburton has signed a technology cooperation agreement with Brazilian oil company Petrobras for advanced collaboration in deepwater pre-salt and mature fields. Halliburton said that the multi-year agreement would facilitate the development of innovative solutions in geophysics, drilling and completions, reservoir... Continue Reading →
Platform for Libra is only feasible with flexibility of local content, says Petrobras
The consortium of the promising pre-salt Libra area in the Santos Basin needs to be released from the current local content obligation so that the pilot platform for the project, scheduled for 2020, will be tendered, according to Solange Guedes, Petrobras Exploration and Production director. The executive is confident in a waiver from the... Continue Reading →
Brazil Energy Insight 