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Brazilian prosecutors pressed charges on Friday against two people for an alleged scheme to obtain confidential market information from Petrobras to benefit A.P. Moller-Maersk, the world's largest shipping company. The case stems from an investigation that started in 2014 as part of Brazil's sprawling Car Wash scandal, which has since included suppliers like Maersk and... Continue Reading →
Exxon Mobil Corp is limiting output at its flagship offshore project in Guyana to 100,000 barrels-per-day (bpd) due to more issues with the reinjection of natural gas, the South American country's environmental regulator said on Friday. Exxon, which operates the Stabroek block in a consortium with Hess Corp and China's CNOOC Ltd, had initially planned... Continue Reading →
Rio de Janeiro, August 21 , 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 08/26/2019, informs that it signed today with SPE Rio Ventura S.A., a wholly-owned subsidiary of 3R Petroleum e Participações S.A., a contract for the sale of its entire interest in eight E&P onshore fields, denominated Rio... Continue Reading →
August 21, 2020 Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of all of its stakes in a set of five onshore field concessions, with integrated facilities, jointly called the North Capixaba Cluster, located in the state of Espírito Santo. The teaser, which includes... Continue Reading →
Aug 21, 2020 Total, together with its partners, will invest in the third phase of the Mero project in the Libra Block, located 180 kilometers off the coast of Rio de Janeiro, in the pre-salt area of the Santos Basin. Scheduled to start operating in 2024, Mero 3 FPSO1 will have the capacity to process... Continue Reading →
Dutch offshore installation and construction company Heerema Marine Contractors has installed Pemex's Yaxche-C jacket and topside in Mexico, under a contract awarded by Cotemar. Heerema used its 'most experienced vessel' semi-submersible crane vessel Balder to carry out the operation in what was its first project for Cotemar. Balder has been in operation for 42 years now. Continue reading
Premier Oil said on Thursday it had agreed to terms for a long-term refinancing of its debt facilities, including $300 million of new equity and an extension to its credit maturities, after posting a first-half loss on weak crude prices. The British company said $2.9 billion of gross committed debt facilities would be refinanced with... Continue Reading →
Aug 20, 2020 Equinor started licensing process with Ibama for the offshore wind farms Aracatu I and Aracatu II, with 2 GW in each and the possibility of expansion to 2.33 GW. The plan is to install the first wind farm on the coast of Rio de Janeiro and the second, between the states of... Continue Reading →
Offshore geotechnical services company Benthic will be deploying a remotely operated seabed drilling system off Brazil, as part of a contract awarded by the Brazilian national oil company Petrobras. Petrobras has hired Benthic to carry out geotechnical site investigation services at the giant Mero field located in the Santos Basin, which the company is developing in... Continue Reading →
Dutch marine services provider Boskalis said on Thursday it expected its 2020 core profit to match last year's result, offering a more optimistic outlook than market forecasts citing well-filled order books. The dredging giant, which counts energy companies among its major clients, reported half-year earnings before interest, tax, depreciation and amortization (EBITDA) at 204.1 million... Continue Reading →
