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A.P. Moller – Maersk has decided to retain full ownership of Maersk Supply Service, a company operating in the offshore support vessel industry. The company decided to retain the ownership of Maersk Supply Service after investigating several structural solutions but couldn’t find the right fit, due to signs of distress in the offshore support vessel... Continue Reading →
Oil company Tullow and its partners on the Orinduik Block offshore Guyana have approved the drilling budget and the location of the second well of the 2019 drilling program Tullow Oil holds a 60% interest in the 1,800 km2 Orinduik Block in the shallow water of the prospective Suriname-Guyana basin. Its partners are Total with... Continue Reading →
Dutch FPSO supplier SBM Offshore might need to pay 2 million euros for not disclosing price sensitive information timely between 2012-2014, which SBM has denied. This was related to SBM’s internal investigation over alleged improper payments by its agents to sales agents and foreign government officials in Equatorial Guinea, Angola, and Brazil in the period... Continue Reading →
Norwegian offshore shipowner Solstad Offshore has signed a contract with Shell for the platform supply vessel Normand Starling. It has also won contracts for two PSVs with an undisclosed client. The vessel, built in 2013 and formerly known as Far Starling, will begin its contract with Shell in the second quarter of 2019. The contract... Continue Reading →
The Special Bidding Commission approved the registration of BP, Petroil and NTF Óleo e Gás in the permanent supply of areas for exploration and production of oil and natural gas made by ANP. The Permanent Offer Auction has 630 areas for companies to express interest, being 616 blocks and 14 areas with marginal accumulations. With... Continue Reading →
3/28/2019 Eni has put into operation a hybrid pilot plant to generate energy from waves and sunlight. The unit was installed in the industrial district of Ravenna, province of Italy, where the Italian oil company has an upstream center, to meet the demand for offshore installations. The company's goal is in the future to use... Continue Reading →
3/28/2019 Elfe was the winner of a Petrobras bid to contract construction and assembly services for platforms managed by their Espírito Santo Operational Unit (UO-ES). As published, the lowest price presented in the tender was offered by Tecvix Planejamento e Serviços Eireli, but the company was disqualified because it did not meet economic, technical and... Continue Reading →
3/28/19/19 Rolls-Royce has signed an agreement with Brazil's Amazonica Energy to develop natural gas fueled barges and tugs to be used in the commercialization of LNG in the North of the country. The partnership will be made through the German MTU subsidiary Rolls-Royce. Investment in vessel development will be $ 2 million. In all, in... Continue Reading →
March 28, 2019 Based on geological studies that show great potential for oil reserves, the government is considering offering, for the first time, exploratory blocks beyond the limits of 200 nautical miles (about 370 kilometers) established by the United Nations as its continental shelf. Since 2004, Brazil has tried to expand these limits in the... Continue Reading →
Rio de Janeiro, March 28, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that yesterday it signed a Revolving Credit Facility - RCF in the amount of US$ 3.25 billion, maturing in March 2024, which may be extended for up to two years. The contract, signed with 18 banks, allows the company to make withdrawals... Continue Reading →
Brazil Energy Insight 