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May 27, 2020 McDermott will start, in the first week of June, the launch of the last stretch of Rota 3, a gas pipeline that will connect the Santos Basin pre-salt to Comperj, in Itaboraí (RJ). The campaign will be carried out with the DLV 2000 vessel, which belongs to the group's fleet. Locar Pipe... Continue Reading →
May 27, 2020 Petrobras informed earlier this evening (27) that it took the first steps to allow access to its natural gas processing units by the other producers of the input in Brazil. The announcement comes hours after the Federation of Petroleum Workers (FUP) accused the company's management of lack of honesty, as it was... Continue Reading →
MAY 27, 2020 Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE:PBR) announces the pricing of two series of global notes denominated in U.S. Dollars (the “Notes”) to be issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”). The Notes will be unsecured obligations of PGF and will be fully and unconditionally guaranteed by Petrobras. Closing... Continue Reading →
Norwegian offshore vessel owner Solstad Offshore on Thursday posted a higher 1Q revenue but expects its full-year revenue in 2020 to be negatively affected by the COVID-19 pandemic and sharp decline in the oil price. Solstad’s revenue for the first quarter of 2020 was MNOK 1,203 vs MNOK 1,146 in 2019, while EBITDA (adjusted) for... Continue Reading →
Offshore installation and construction specialist Subsea 7 will cut 3000 jobs by 2021, and reduce its active vessel fleet, it said in a statement on Thursday. Subsea 7 a month ago said that with the deterioration in the outlook for new oil and gas awards, it would "resize" the business to save $400 million in... Continue Reading →
May 27, 2020 Petrobras will carry out a multiazimute 3D / 4D maritime seismic streamer activities in the Marlim, Albacora and Voador fields, in the Campos Basin. With an acquisition area of 2.17 thousand km², the activities are scheduled for August this year, lasting 13 months, under the command of the data acquisition company (EAD)... Continue Reading →
Brazil’s real rose for the fifth day in a row on Tuesday, sealing its longest winning streak against the dollar this year as buoyant global markets and ebbing of domestic political tensions added fuel to the rally. The real’s near 2% jump brought its gains since the start of last week to around 10%, and... Continue Reading →
May 27, 2020 Petrobrás projects a gradual recovery in the price of oil over the next five years, until it returns to the level of US $ 50 per barrel - double the average price projected for this year, of US $ 25. As the scenario improves, it should also reduce the company's debt, from... Continue Reading →
About 50 workers were infected by the novel coronavirus during an outbreak in recent weeks at a production well at Brazil's Tubarao Martelo offshore oilfield, operated by Dommo Energia SA, two sources with knowledge of the matter told Reuters. The production well has been paralyzed since early May, added the sources, who requested anonymity to... Continue Reading →
May 26, 2020 Dutch SBM Offshore achieved two important advances in the work of the FPSO Mero 2, which will be named Sepetiba. Even with the challenges imposed by the coronavirus pandemic, the company completed the placement of the keel of the ship's hull, considered the initial milestone in the construction of any vessel. In... Continue Reading →
