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Japanese FPSO contractor Modec has won a contract with Woodside for the operations and maintenance of the Sangomar FPSO in Senegal. The deal follows a contract signed in January for Modec to deliver the FPSO for Sangomar field development - Senegal's first offshore development. The operations and maintenance contract will cover all in-country installation and commissioning activities following which... Continue Reading →
(Reuters) - Ecuadorian state-run oil company Petroecuador is weighing a lawsuit against Vitol after the world’s largest oil trader admitted last week to bribing officials in the South American country, according to two sources with direct knowledge of the matter. Petroecuador is working with the nation’s attorney general to assess how much the Vitol-led graft... Continue Reading →
Federal prosecutors in Brazil filed a civil lawsuit against Danish shipping company Maersk and former executives representing the firm for alleged corruption involving shipping contracts with state-run oil firm Petrobras, they said on Friday. The lawsuit requests that a judge freeze almost 1 billion reais ($198 million) in assets in order to make sure funds... Continue Reading →
The Quest Offshore Wind Turbine Index (QOWTI), which tracks the Total Addressable Market for offshore wind*, shows 322 global projects for December a gain of 28 projects since September, comprising 17,793 individual turbine units representing a CapEx of $505.2 billion. Although Asia Pacific continues to lead Europe in total project count, Europe leads all regions... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 01/03/20, informs that it signed today with Energizzi Energias do Brasil Ltda a contract for the sale of its entire stake in the onshore field of Rabo Branco, located in the Sergipe-Alagoas Basin, in the State of Sergipe. The sale value is US$... Continue Reading →
Chinese shipbuilder Cosco Shipping Heavy Industry has delivered the floating production, storage, and offloading (FPSO) vessel set to work on Eni’s Amoca shallow-water project off Mexico. Cosco held the delivery ceremony on Thursday, 10 December. It was the second large-scale offshore engineering project delivered by Cosco Shipping Heavy Industry yard in Shanghai this year. This... Continue Reading →
Chile's Underdeep Solutions has expanded its ROV Fleet with a third Seaeye Falcon ROV, to support its aquaculture work Underdeep’s latest Falcon is the second 1000m deep-rated version for the company, which specializes in fish farm inspection and support throughout Chile and the region. Underdeep's three Falcons are currently working at full capacity in the... Continue Reading →
Malaysian oil and gas company Petronas has made its first offshore discovery offshore Suriname. The company, as the operator of Block 52, said Friday the hydrocarbon discovery had been made while drilling the Sloanea-1 exploration well in the offshore block. The Sloanea-1 exploration well was successfully drilled to a total depth of 4,780 meters using... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that will pay, on Tuesday, 12/15/2020, dividends referred to the 2019 fiscal year, based on shareholding position as of 07/22/2020, in connection to the Material Fact released on that date. The amount of dividends to be paid will be adjusted by Selic interest rate from 12/31/2019 to 12/15/2020 interest... Continue Reading →
(Reuters) - Mexican President Andres Manuel Lopez Obrador said on Thursday his government will investigate allegations bribes were paid by the U.S. subsidiary of the world’s largest independent oil trader Vitol to state oil firm Petroleos Mexicanos (Pemex). Lopez Obrador, speaking at a news conference, said the accusations by the U.S. Justice Department related to... Continue Reading →
