BRAZILIAN contractor Odebrecht Oil & Gas (OOG) is betting on its partnership with Canadian player Teekay Offshore to snatch more contracts for the supply of floating production, storage and offloading vessels in Brazil and abroad. The 50:50 OOGTK joint venture was formed early in the decade in an attempt to meet the expected growing demand... Continue Reading →
Keppel Offshore to Pay $422 Million to End Bribery Probe
Keppel Offshore & Marine Ltd., the world’s biggest builder of oil rigs, agreed to pay $422 million to end a U.S. bribery probe into illegal payments to officials at Petroleo Brasileiro SA, Brazil’s state-owned oil company, and to the then-governing political party. Read more
SBM Offshore faces damage claim over improper sales practices in Brazil
Brazilian court has allowed the signing of a leniency agreement with the Dutch FPSO provider SBM Offshore related to corruption probe over improper payments to Petrobras’ executives. However, a new damage claim has been filed against the company’s Brazilian unit. SBM Offshore said on Friday it had learned that following a review of the leniency... Continue Reading →
Petrobras Presention of the 2018-2022 Business and Management Plan
Business & Management Plan Get information on the 2018-2022 Business and Management Plan. Access the presentation below. Presentation Petrobras 2018-2022 BMP Ingles (1)
Closing of the Public Offering of Petrobras Distribuidora Shares
Rio de Janeiro, December 22, 2017 - Petróleo Brasileiro S.A. – Petrobras reports the closing, on this date, of the Public Offering for secondary distribution of 334,937,500 common shares issued by Petrobras Distribuidora S.A. (BR), pursuant to CVM Instruction CVM 358/2002 and article 29 of CVM Instruction 400/2003 (“Offering”). The total number of shares already... Continue Reading →
Seven platforms that Petrobras will contract until 2022
The Pioneer Libra FPSO, chartered with OOGTK, began producing last month at the Mero field. The installation of a definitive system for the production of oil and gas in ultra-deep waters of the Sergipe-Alagoas Basin is the only novelty in the projects to be contracted in the next five years by Petrobras. As expected,... Continue Reading →
Solstad Farstad finds vessel work in Brazil and Norway
Norwegian offshore support vessel provider Solstad Farstad has secured work for two of its vessels for work in Brazil and Norway. The vessel owner said on Thursday that the Brazilian giant Petrobras has extended the present contract for the construction support vessel (CSV) Far Swift with approximately one year. The contract, which is in direct continuation of present... Continue Reading →
Petrobras Strategic Monitoring and Business and Management Plan 2018-2022
Rio de Janeiro, December 21, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors approved in a meeting held yesterday the Business and Management Plan 2018-2022 (BMP 2018-2022). The Board also approved the Strategic Monitoring process, based on the Strategic Plan released in September 2016, which consists of the permanent evaluation... Continue Reading →
Lenders back Noble Corporation with new credit facility pledge
Offshore driller Noble Corporation has received commitments from lenders to enter into a new credit facility, which is expected to close by the end of 2017. Noble informed on Wednesday that the new credit facility is expected to provide borrowing capacity of $1.5 billion with an expected maturity of January 2023. Read more
ROVOP to increase ROV fleet following funding boost
Remotely operated vehicles operator ROVOP will increase its fleet by 50 percent to meet ongoing customer demand following a funding boost of £56m ($75m). ROVOP said on Wednesday that Blue Water Energy and BGF jointly committed to the funding which underpins the company’s growth plans including the creation of up to 80 jobs. The company,... Continue Reading →
Brazil Energy Insight 