Offshore driller Noble Corp. has found work for its Noble Bob Douglas drillship in Guyana. The contract is with ExxonMobil in Guyana and is for a three-year period. Noble did not disclose the contract dayrate. The drillship, built in 2013 by Hyundai Heavy Industries, is expected to start working for Exxon in the first half of... Continue Reading →

Brazilian authorities announced two new phases of their Car Wash operation on Friday, ensnaring U.S. asphalt maker Sargeant Marine, six Greek shipping companies and a former Brazilian congressman in the wide-ranging graft probe. "These operations leave a clear message: foreign firms will not be spared by Car Wash," Prosecutor Athayde Ribeiro Costa said in a... Continue Reading →

Indebted offshore driller Seadrill Limited has made changes to its credit facilities to insulate Seadrill Partners, a limited liability company formed by Seadrill Limited to own drilling rigs, from its restructuring. Seadrill Limited informed on Thursday it has completed amendments to three secured credit facilities that relate to rigs bought by Seadrill Partners from the company... Continue Reading →

Offshore drilling contractor Vantage Drilling International said on Wednesday an investigation into the company’s possible violations of the Foreign Corrupt Practices Act regarding alleged improper payment in Brazil had been completed. The company said it had received a letter from the United States Department of Justice  acknowledging Vantage’s full cooperation in the DOJ’s investigation concerning... Continue Reading →

Danish oil company Maersk Oil increased its profit and revenues for the second quarter of 2017 helped by higher oil prices and lower costs.  According to a financial report on Wednesday by Maersk Oil’s parent company, A.P. Moller – Maersk, Maersk Oil recorded an underlying profit of $184 million in the second quarter of 2017,... Continue Reading →

  The ANP decided to extend for 30 days (until September 18) the period of Public Consultation No. 20/2017, which aims to collect subsidies for the edition of the resolution that will govern the criteria applicable to requests for exemption from compliance with the Local Content obligation , Adjustment and transfer of surplus, in addition... Continue Reading →

August 15, 2017 Shell is expected to start operating the Lena Knutsen vessel in Brazil in September. The contract of the vessel lasts for five years, with the option of extending the agreement for another two periods of five years. The naval assets belong to the British company KNOT Offshore Partners. The Norwegian-flagged vessel was... Continue Reading →

 Mexico's attorney general's office has called a close former aide of President Enrique Pena Nieto to respond to accusations he was involved in Brazilian builder Odebrecht's corruption scandal, a lawyer for the aide said. Brazil's O Globo newspaper reported this weekend on documents alleging that Emilio Lozoya, who also formerly headed state oil company Pemex,... Continue Reading →

Brazil's government loosened its budget targets for all years through 2020 on Tuesday, delaying prospects for a drop in the federal deficit after legislators repeatedly refused to raise taxes in the recession-hit economy. Cost-cutting measures were announced along with the new targets, in a bid to demonstrate President Michel Temer's commitment to fiscal discipline even... Continue Reading →