Wilson Sons Shipyard is expected to complete by mid-May the conversion of a PSV (supply vessel) into OSRV (Oil Spill Combat) for Wilson Sons Ultratug Offshore, a group support company in partnership with Chile's Ultratug . The work, started in March, aims to meet a two-year agreement signed with Petrobras. In practice, the Gaivota... Continue Reading →
Petrobras Prepayment of bank debts
Rio de Janeiro, May 11, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that has made the following debt prepayments: i) US$ 300 million, on 04/26/2018, with Banco Safra, due in January 2023; and ii) US$ 600 million, on 05/10/2018, with JP Morgan Bank, with expiration date in September 2022. Petrobras will continue to evaluate... Continue Reading →
DOF Subsea adds new pipelay support vessel to Brazil fleet
Norwegian subsea company DOF Subsea has welcomed a new pipelay support vessels to its Brazilian fleet. In a social media post on Friday, DOF Subsea informed that the Skandi Recife has joined its fleet in Brazil. Read more
P-33 will be decommissioned in 2018. Marlim’s schedule updated
March 7, 2018/Gustavo Gaudarde The P-33 FPSO completes in December 20 years of production in the Marlim field. Petrobras has updated the timeline for the Marlim field revitalization project in the Campos Basin and is anticipating the decommissioning of the P-33 FPSO. The facility, which has the capacity to produce 50,000 barrels per day... Continue Reading →
McDermott-CB&I $6B merger complete
Offshore engineering, construction, and installation company McDermott International has expanded its capabilities, becoming an onshore-offshore EPCI specialist, as it closed the acquisition of CB&I on Thursday. The new company, described as the “premier, fully integrated provider of technology, engineering and construction solutions for the energy industry” will continue under the name McDermott. Read more
Polarcus returns to profit
Seismic player Polarcus returned to profit in the first quarter of the year despite lower revenues. Polarcus on Friday posted a net profit of $2.8 million for the first quarter of 2018, compared to a net loss of $38 million in the corresponding period of 2017. Read more
Pre-salt auction: 11 of the 16 companies participated in the 15th round
The Special Bidding Commission for the 4th pre-salt auction, which will take place on June 7, approved the participation of the 16 companies that have expressed interest in the competition. 11 of the registered companies bid on the 15th round of the ANP, which tendered blocks in six offshore basins, including areas in the pre-salt... Continue Reading →
Five Japanese firms invest in Petrobras-chartered FPSO
Five Japanese firms have teamed up to build an FPSO to be chartered to the Brazilian oil company Petrobras. Mitsui, MOL, Marubeni, and Mitsui E&S will invest in a long-term charter business currently promoted by the Japanese FPSO specialist MODEC, related to the provision of an FPSO for Petrobras’ Mero field offshore Brazil. Read more
McDermott wrapping up CB&I acquisition
Offshore engineering and construction specialist McDermott has made a step toward completion of the acquisition of CB&I. The company on Thursday announced the completion of the reverse split of its common stock and the expiration and results of its previously announced exchange offer for shares of Chicago Bridge & Iron Company N.V. (“CB&I”). Read more
Petrobras Clarification on News on TAG
Rio de Janeiro, May 8, 2018 - Petróleo Brasileiro S.A. - Petrobras reports that it received the Official Letter No. 189/2018/CVM/SEP/GEA-1, which requests the following clarification: Official Letter No 189/2018/CVM/SEP/GEA-1 "Dear Officer, 1. We refer to the news published on 05.05.2018 in the newspaper “O Estado de São Paulo,” Business section, entitled "Engie becomes the... Continue Reading →
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