SAO PAULO, Feb 14 (Reuters) - Brazilian conglomerate Odebrecht SA may sell part of its stake in petrochemical company Braskem SA or try to get credit from banks using its stake as collateral, Brazilian newspaper Valor Economico reported on Wednesday. Odebrecht needs cash to pay debt maturing this year, including 500 million reais ($152 million)... Continue Reading →
Heerema places order for upend and flood control system for Peregrino II jacket
Heerema Fabrication Group (HFG) has awarded engineered hydraulic solutions specialist DGI Doedijns a contract to design and deliver the upend & flood control system for the Peregrino II jacket to be set off Brazil. DGI said on Tuesday that the upend control center consists of 56 actuated valves, a control center, and interconnecting hoses. The company... Continue Reading →
New semi-sub accommodation vessel delivered to OOS International
Dutch provider of heavy lift and accommodation solutions OOS International has taken delivery of its new semi-submersible accommodation vessel (SSAV), the OOS Tiradentes. The naming and delivery ceremony for the SSAV took place at CIMC Raffles in Yantai on Wednesday, February 7. The vessel, named after a Brazilian national hero who stood up for independence,... Continue Reading →
Diamond Offshore dives into the red in 4Q
Houston-based offshore driller Diamond Offshore sank to a loss in the fourth quarter of 2017 as its revenues decreased compared to the same period of 2016. The driller on Monday posted a net loss of $31.94 million for the fourth quarter of 2017 compared to a profit of $116.1 million in the same period of... Continue Reading →
Diamond Offshore scoops new rig deals
Ocean Valor has been working for Petrobras since its delivery and it was supposed to work for the Brazilian oil giant until October 2018. However, in August 2016 Petrobras terminated the contract two years earlier than planned prompting Diamond to file a lawsuit against Petrobras for unlawful termination. Read more
Petrobras adds more time on MODEC’s FPSO charter contract
Brazil’s oil and gas company Petrobras has extended a time charter contract for the MODEC-owned FPSO Cidade de Niterói MV18 located offshore Brazil. Petrobras has extended its contract with MODEC’s Dutch subsidiary and an owner of the FPSO Cidade de Niterói MV18, Opportunity MV18 B.V. (MV18), for the time charter of the FPSO with effect from... Continue Reading →
DOF grabs more work for its diverse fleet
Norwegian vessel provider DOF Group has been awarded several contracts through its subsidiaries DOF Rederi and DOF Subsea. DOF said on Monday that DOF Rederi has been awarded a one-year contract for the platform supplier Skandi Captain vessel for Peterson Den Helder, with start date in February. Read more
Petrobras 3D license with nodes in Búzios
February 9, 2018 Petrobras applied to Ibama for the acquisition of 3D seismic data, with nodes, in the Búzios field, an area of the onerous assignment of the Santos Basin pre-salt. The license application was filed by the oil company on January 23 at the environmental agency. The campaign will be made by Seabed... Continue Reading →
Statoil plans to start production in Carcará between 2023 and 2024
Norway's Statoil plans to start oil production at the discovery of Carcará in Brazil in 2023 or 2024. The discovery, where Statoil plans to drill from one to three wells later this year, could contain more than 2 billion barrels of oil equivalent, said Statoil's head of exploration for the United Kingdom and Norway,... Continue Reading →
Bassoe: Owners of old jack-up rigs realize their gamble isn’t paying off
They’re cheap to stack and costly to scrap, but old jack-ups are finally moving off to scrapyards. The most junk-laden segment of the offshore rig market looks as if it’s starting to clean itself up. In 2017, 14 jack-ups were sold for scrap (excluding mat and slot rigs). This number is twice as high as it was... Continue Reading →
Brazil Energy Insight 