Brazil’s Petrobras will have to pay Vantage Drilling $622.02 million for drilling contract breach. Vantage Drilling said on Tuesday that an international arbitration tribunal issued an award in favor of Vantage Deepwater Company and Vantage Deepwater Drilling, Inc., both wholly-owned subsidiaries of Vantage. According to the offshore driller, the Tribunal found that Petrobras breached the agreement... Continue Reading →
SBM Offshore scores another FPSO job with Exxon in Guyana
ExxonMobil has awarded SBM Offshore a Front End Engineering and Design (FEED) for a second Floating Production, Storage and Offloading vessel (FPSO) for the Liza development offshore Guyana. SBM is already building one FPSO for the first phase of the Liza development, under the contract signed in 2017. As for this news FEED contract with Exxon,... Continue Reading →
PGS 3D license for areas in the 16th round
July 2, 2018 PGS intends to start a campaign to acquire 3D seismic data in December 2019 to cover part of the areas that will be offered in the 16th round of bids of the National Petroleum Agency (ANP), scheduled to take place in the second half of next year. The campaign will cover a... Continue Reading →
Total seeks air support service for Lapa field
02/07/18 Total has launched a tender to contract air support services for the Lapa field in the Santos Basin. The competition aims to charter aircraft for the transportation of passengers and environmental and rescue services. Four hiring scenarios were stipulated by the French oil company: one to attend the FPSO Cidade de Caraguatatuba; another for... Continue Reading →
Rookie in FPSOs is front runner for the production unit of Búzios V
02/07/18 Exmar may seize its first FPSO charter contract in Brazil. The Belgian company presented the lowest price at Petrobras' bid for the Buzios V production unit, with a daily rate of around US $ 720 thousand, overtaking Modec, which quoted the service for US $ 815 thousand / day. The commercial proposals for the... Continue Reading →
Banks OK Siem Offshore’s revised finance plan
Siem Offshore has received some good news as it prepares for what it says is a “prolonged downturn in the offshore supply market.” “The bank lenders have agreed that all final bullet payments of all mortgage debt are extended to December 2022. It is agreed 30% deferral of installments for the fleet (except for the... Continue Reading →
Tax Exemption: São Paulo gives incentive to the oil and gas industry
06/29/2018 Governor Márcio França signed this Friday, June 29, a decree that aims to give greater competitiveness to the São Paulo industry of oil and natural gas. From now on, the goods and merchandise of the sector produced in São Paulo and sold to other states will also be exempt from ICMS. The benefit... Continue Reading →
López Obrador, an Atypical Leftist, Wins Mexico Presidency in Landslide
MEXICO CITY — Riding a wave of populist anger fueled by rampant corruption and violence, the leftist Andrés Manuel López Obrador was elected president of Mexico on Sunday, in a landslide victory that upended the nation’s political establishment and handed him a sweeping mandate to reshape the country. Read more
Petrobras Pre-payment of debt
Rio de Janeiro, June 29, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that today it prepaid a debt with Citibank, N.A., in the amount of US$ 500 million, whose maturity would occur in 2022. The operation is in line with the Petrobras liability management strategy, which aims to improve the amortization profile and the... Continue Reading →
Ministry of Planning authorizes adjustment in Petrobras group budget
Updated on 29/06 at 17:28 The Ministry of Planning, Development and Management opened on Friday (29) additional credit worth R $ 32.7 billion for Petrobras, to adjust the company's budget to the new customs regime, Repetro-Sped. The order was published in the Federal Official Gazette. The ordinance also includes the Investment Budget (OI) of Banco... Continue Reading →
