Shareholders of Sembcorp Marine and Sembcorp Industries (parent company of Sembcorp Marine) have approved the proposed Sembcorp Marine Renounceable Underwritten S$2.1 billion Rights Issue and Demerger from Sembcorp Industries at the companies’ respective Extraordinary General Meetings on Tuesday. Continue reading
Karoon analyzes proposals for Baúna subsea
Aug 26, 2020 Karoon is analyzing proposals for the supply of subsea goods and services for the Baúna / Patola project, in the shallow waters of the Santos Basin. The scope of the contract involves wet Christmas trees (ANMs), umbilicals, lines and the installation of equipment in the area of Patola, which will be interconnected... Continue Reading →
Lupatech closes a contract with Petrobras
Aug 26, 2020 Lupatech (LUPA3) signed a contract with Petrobras (PETR4), in the amount of R $ 82.6 million, according to a relevant fact published today. According to Lupatech, the contract is for the supply of polyester cables for anchoring. Finally, Lupatech points out that it is a supply contract with no obligation to purchase... Continue Reading →
Shell Reveals Brazil FPSO Decision
The Libra Consortium has taken a final investment decision to contract the Mero-3 floating production, storage and offloading (FPSO) vessel to be deployed at the Mero field in the Santos Basin offshore Brazil, Shell (NYSE: RDS.A) reported Tuesday. Besides Shell, other members of the Petrobras (NYSE: PBR)-operated Libra Consortium include Total (NYSE: TOT), CNPC and... Continue Reading →
Angola Aims to Reverse Oil Output Decline
Africa's second-biggest oil exporter, Angola, has unveiled a 2020-2025 energy roadmap which foresees oil discoveries of up to 57 billion barrels of crude oil and 27 trillion cubic feet of gas, state news agency ANGOP reported. The plans involve $679 million in foreign investment and $188 million by the Angolan state, the agency reported late... Continue Reading →
NOC on Effect: Jackup Rig Demand at the Mercy of National Oil Companies’ Playbook
Over the past four months we have been flooded by news of just how badly the offshore rig market has been hit during the double whammy of the Corona pandemic and oil price fallout. We witnessed what seemed like a never-ending wave of contract cancellations coupled with increasing numbers of contract options being declined, along... Continue Reading →
Norway’s DOF Nets Four Petrobras Contracts Worth $110M
Norwegian subsea project and marine services provider DOF Subsea has been awarded four new contracts with Brazilian oil company Petrobras. DOF said Thursday that at least three vessels from the DOF fleet would be mobilized to perform flexible pipeline, risers and subsea equipment inspection in Campos Basin, Santos Basin, Marlin Field, and Espírito Santos Basin.... Continue Reading →
Petrobras on Events held through Digital Platforms
August 26, 2020 Petróleo Brasileiro S.A. - Petrobras informs that all external events held through digital platforms, in which the Company's CEO, officers or representatives are invited to participate, will be disclosed in the Events Calendar available on the Company's website: (https://www.investidorpetrobras.com.br/resultados-e-comunicados/calendario-de-eventos). The Company will also disclose, in a timely manner, the information that may... Continue Reading →
Petrobras on public offering of Petrobras Distribuidora shares
August 26, 2020 Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors approved, today, the proposal to sell its remaining 37.5% stake in the capital stock of Petrobras Distribuidora S.A. (BR), by means of a secondary public offering (follow-on). The moment of launching the offer will be defined later, and is subject, among... Continue Reading →
Petrobras on the Suspension of an Arbitration Award
August 26, 2020 Petróleo Brasileiro S.A. – Petrobras, in continuity to the notices to the market released on July 21 and July 29, 2020, hereby announces that a judicial decision was issued today in favor of the Company, determining the immediate suspension of the arbitration proceeding filed by Fundação Petrobras de Seguridade Pessoal (Petros) and... Continue Reading →
