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Offshore rig builder Keppel is seeing signs of improvement in the offshore and marine (O&M) business, however, the company is cautious with its optimism, leaning more towards floating production systems rather than towards drilling rigs. Loh Chin Hua, CEO of Keppel Corporation said: “Notwithstanding the recent volatility in oil prices, there is growing optimism... Continue Reading →
1/24/19 Largest private oil producer in Brazil, and one of Petrobras's largest partners in pre-salt exploration, Shell Brasil will start this year a broad research on the deep-water ecosystem, a region that the Brazilian state has been exploring for years. The study will be done in partnership with the Federal University of Rio de Janeiro... Continue Reading →
Prosafe, an operator of offshore accommodating units known as flotels, has submitted the largest bid in two online auctions for the supply of safety and maintenance support vessels to Brazil. Prosafe said on Wednesday that the online auctions were concluded and were related to a two-batch public opportunity with each resulting contract being for a... Continue Reading →
January 24, 2019 Minister Onyx Lorenzoni presented 35 targets for the first months of the government Onyx Lorenzoni, the Chief of Staff, presented the 35 priority targets of the first 100 days of government. In the area of Mines and Energy, the approval by the National Energy Policy Council of the review of the Transfer... Continue Reading →
4Subsea and Ashtead Technology have sealed a partnership for global distribution of sensor technology to the oil and gas industry. Under the deal, 4Subsea’s autonomous, retrofittable sensors will be available to the global oil and gas industry via Ashtead Technology. Continue reading
1/23/19 Sete Brasil will publish until the end of this week public announcement for the sale of the four rigs being built at the Jurong and Brasfels shipyards and will have their charter contracts with Petrobras. The publication of the edict is included in the list of requirements of the group's judicial recovery plan and... Continue Reading →
Italian oilfield services company Saipem has offloaded the second shipment of pipes to be installed as part of Exxon’s Liza Phase One project offshore Guyana. The Guyanese authorities have informed that the shipment arrived in Georgetown last week, and is the second of multiple shipments adding to the 1519 pieces of pipes received in December. The... Continue Reading →
For investors looking to get in on the equity boom in Brazil via commodity titans Vale or Petrobras, JPMorgan has some ideas about the best bet. The bank examined output growth, costs, capital expenditure, profitability, free cash flow, valuation and the outlook for commodities. Its conclusion: Oil giant Petroleo Brasileiro SA is the most appealing option for... Continue Reading →
Rio de Janeiro, January 23, 2019 - Petróleo Brasileiro S.A - Petrobras informs that the Administrative Board of Tax Appeals (CARF) issued yesterday, by a majoroty vote, an unfavorable decision on a tax administrative proceeding that addresses the collection of Corporate Income Tax (IRPJ) and Social Contribution on Net Profits (CSLL), related to 2012, on... Continue Reading →
Seadrill Partners, an affiliate of offshore driller Seadrill, will reduce the quarterly distribution to its common unitholders from 10 cents per unit to 1 cent per unit. “The move reflects the slower than anticipated recovery in dayrates and the company’s desire to preserve liquidity ahead of debt maturities in the second half of 2020 and... Continue Reading →
