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DEC 4, 2019 Buzios field, in the Santos Basin pre-salt, will receive about 28% of the $ 64 billion that Petrobras will invest in exploration and production by 2024, equivalent to about $ 18 billion. The large volume of investments reflects the need for the state-owned company to develop the field. As is well known,... Continue Reading →
December 4, 2019 Petrobras plans to decommission 18 offshore oil and gas production platforms over the next five years at a total cost of U$ 6 billion. The data is part of the company's Business Plan detailed on Wednesday in New York. The company plans to decommission seven semi-submersible platforms, six fixed platforms and five... Continue Reading →
Dec 5, 2019 Brazilian state-run oil firm Petrobras is considering putting additional stakes in significant offshore oilfields up for sale, executives said on Wednesday, as the company continues to aggressively de-leverage. In a presentation, the executives said they may sell stakes in the Marlim field, as well as the firm's majority stake in the Papa-Terra... Continue Reading →
With Mexico's government insisting that energy companies increase oil and gas output before it auctions off more of the country's vast reserves or offers more partnerships with state-run Pemex, firms ranging from foreign majors to local players are scrambling to buy and sell blocks they already own. The negotiations are creating a dynamic secondary market... Continue Reading →
Petroleo Brasileiro SA plans to pay its shareholders $34 billion in dividends over the next five years as it cuts debt and sells assets to shore up its finances, Chief Executive Officer Roberto Castello Branco said. The plan is a major shift for the state-controlled oil producer that had kept payouts to investors at or close to the... Continue Reading →
“Petrobras Day” on the New York Stock Exchange (NYSE), an event where investors had the opportunity to learn about the company's future plans. President Roberto Castello Branco rang the bell that symbolizes the opening of the trading session, a moment that is granted to special guests. Also present were directors Carlos Alberto Pereira de Oliveira,... Continue Reading →
Dec 4, 2019 By 2030, Brazil is expected to more than double net natural gas production, according to a projection by the state-run Energy Research Company (EPE) linked to the Ministry of Mines and Energy. The estimate predicts a jump from the current 59 million to 147 million cubic meters (m³) per day. The data... Continue Reading →
Malaysia’s Sapura Energy has won RM615 million (~$147 million) worth of contracts in the Engineering and Construction (E&C) as well as Drilling segments of its business. In Brazil, Petrobras has awarded Sapura Navegação Marítima S.A. a contract extension to charter and operate Sapura Topazio, a dynamic positioning (DP) 2 self-propelled pipelaying vessel. Sapura said the Petrobras contract came... Continue Reading →
December 5, 2019 SBM Offshore is pleased to announce that it has signed contracts for the construction of the Company’s fourth and fifth hulls under its purchase program for Fast4Ward® new build multi-purpose hulls. The contracts were signed with Shanghai Waigaoqiao Shipbuilding and Offshore Co., Ltd. (SWS) and China Merchants Industry Holdings (CMIH). Both yards... Continue Reading →
Atlas, the international recruitment and manpower management firm, said it would provide marine personnel across the Prosafe fleet of offshore accommodation rigs. Under the scope awarded after a tender procedure, Atlas will in January 2020 start providing manning services to Prosafe’s Safe Concordia semi-submersible accommodation rig when the unit will start a 120-day project offshore... Continue Reading →
