9/26/18 Contract between the two companies will focus on the service to phase II of Peregrino Equinor and GranEnergia will sign next week a six-month charter contract, with option of renewal for another four, for a flotel to support the development of phase II of Peregrino, in the Campos Basin. The unit will be... Continue Reading →
Petrobras Reaches Coordinated Resolutions with Authorities in the United States and Agreement to Remit Bulk of Associated Payments to Brazil
Rio de Janeiro, September 27, 2018 – Petróleo Brasileiro S.A. – Petrobras announces that it has reached coordinated resolutions of investigations by the U.S. Department of Justice (“DOJ”) and the U.S. Securities and Exchange Commission (“SEC”) related to the company’s internal controls, books and records, and financial statements during the period from 2003 to 2012.... Continue Reading →
Petrobras and Equinor sign a Memorandum of Understanding in the renewable energy industry
Rio de Janeiro, September 26, 2018 - Petróleo Brasileiro S.A. - Petrobras reports that today it signed a Memorandum of Understanding ("MoU") with the Norwegian company Equinor ASA – Equinor (formerly Statoil) to evaluate a joint business development in the offshore wind energy industry in Brazil. Within the scope of the strategic partnership between the... Continue Reading →
Shell sees peak output for Brazil’s Lula field in 2020, 2021
Brazil’s most productive field, the Lula, located in the offshore Santos basin, should hit peak production in 2020 or 2021, after reaching 1 million barrels of oil equivalent per day next year, an executive at Royal Dutch Shell said on Wednesday. The increase in production next year will be helped by the launch of platforms... Continue Reading →
Equinor orders shuttle tankers for Roncador field in Brazil
The crude oil production from Equinor’s newly acquired 25% interest in the Roncador oil field in Brazil will be lifted and transported by shuttle tankers. Therefore, Equinor has now entered into contracts for two newbuilt shuttle tanker with the shipowner Knutsen NYK Offshore Tankers (Knutsen). Read more
Court rules against Dommo Energia in Brazilian offshore field case
Brazilian oil and gas company Dommo Energia has lost a dispute with compatriot companies QGEP and Barra Energia over BS-4 Block offshore Brazil, which will result in Dommo’s expulsion from the block. As stated in Dommo’s announcement on Wednesday, the arbitration award was issued by the Arbitration Court on Tuesday, September 25, 2018, in respect... Continue Reading →
Equinor enters subsea pact with Aker Solutions and TechnipFMC
Oil major Equinor has signed collaboration agreements with Aker Solutions and TechnipFMC for subsea equipment and services on the Norwegian continental shelf (NCS) and internationally. Read more
Petrobras Amendment to Braskem Shareholders’ Agreement
Rio de Janeiro, September 25, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that it entered into an amendment to Braskem Shareholders' Agreement with Odebrecht S.A., altering clause 7.12 related to tag along rights. With the amendment, the preferred shares issued by Braskem owned by Petrobras, which were already subject to a Public Offering in... Continue Reading →
Jumbo in FSRU mooring gig offshore Brazil
Malaysia’s Sapura has hired Dutch Jumbo to perform the transportation and installation of an FSRU Mooring System including riser and umbilical, off the coast of Aracaju, Sergipe, Brazil. The mooring system comprises an anchor base and a rotating yoke arm filled with water and barite ballast. The structures will be loaded in Batam, Indonesia, and... Continue Reading →
ANP approves 17 additional local content additives
9/24/18 The ANP approved 17 new additive terms to the concession contracts for reduction of local content. The approvals were published in the Federal Official Gazette. There were six contractual additions to Maha; six for the Geopark (and one for Geopark with GeoparGeosol); three for Imetame and G3OG and one for Great Oil with Alvopetro.... Continue Reading →
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