Singapore’s rig builder Sembcorp Marine posted a loss for the second quarter of 2018 despite recording a significant increase in revenues during the period. The company on Friday posted a net loss of $55.6 million for the second quarter of the year compared to a profit of $5.1 million in the same period a year... Continue Reading →

July 19, 2018 The arrival of the P-67 Platform ship in Rio de Janeiro, where it is anchored in the Bay of Guanabara for the last adjustments before heading to the Norte Lula Field, also is considered an unprecedented operation. It was the largest transport operation of a platform ever made in the world, where... Continue Reading →

Brazil’s oil regulator ANP said on Thursday it would not establish a minimum frequency for fuel price adjustments, after a nationwide truckers’ protest over rising diesel prices in May cast a spotlight on the issue. The protests paralyzed Latin America’s largest economy and forced the government to lower diesel prices through tax cuts and subsidies.... Continue Reading →

July 19, 2018 Four oil majors began licensing six drilling campaigns with Ibama in 2018. Campaigns are scheduled for the Campos, Santos and Foz do Amazonas Basins and are being requested by Shell, Petrobras, PetroRio and Equinor and can represent the drilling of up to 23 exploratory wells, which may make next year the best... Continue Reading →

Jul 19 2018 As the gradual pick up of the Brazilian oil and gas sector, the news of new businesses is beginning to be more frequent. This time, Oceaneering was able to sign a DPR (Drill Pipe Riser) contract with Petrobrás to complete oil wells. "The entire team is well involved in this project and... Continue Reading →

7/19/18 Petrobras has cleared a formal way to sell Transpetro's shareholding control in the future, following a recent change in its subsidiary's bylaws, according to information published in the newspaper Valor Econômico on Wednesday. The revision of the status of the logistics and transportation company, approved at an extraordinary general meeting in June, canceled an... Continue Reading →

7/19/18 Petrobras plans to start production of four new platforms between October and December this year, Hugo Repsold, executive director of Development of Production and Technology, told reporters at an event in Rio de Janeiro. In the first half of the year, the company started operations on the Campos de Goytacazes platforms in the Tartaruga... Continue Reading →

  7/18/2018 Petrobras has started the negotiations with Exmar, a Belgian company that presented the lowest price in the tender for the chartering of Búzios V FPSO, scheduled for the onerous assignment in 2021. The oil company completed the internal analysis phase of the proposal and since has been holding the first discussions with the... Continue Reading →