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October 8, 2019 Petróleo Brasileiro SA - Petrobras, following up on the release of 11/28/2018, reports that today it completed the sale of its interests in Pargo, Carapeba and Vermelho fields, located in shallow waters off the coast of the State of Rio de Janeiro, to Perenco Petróleo e Gás do Brasil Ltda (“Perenco”). After... Continue Reading →
Danish vessel provider Maersk Supply Service will provide an integrated mooring lines life extension solution for Shell’s FPSO Fluminense, including project management, engineering, interface management, and offshore execution off the coast of Rio de Janeiro. Maersk Supply said on Wednesday that the offshore phase is expected to start in December. The project includes heading control... Continue Reading →
Struggling French offshore vessel owner Bourbon has received an offer for the takeover of its assets and activities. As part of the reorganization proceedings opened since August 7, 2019, by the Marseilles Commercial Court to the benefit of Bourbon Corporation and its affiliate Bourbon Maritime, Court Administrators have received a takeover offer, Bourbon said in... Continue Reading →
Dutch FPSO operator SBM Offshore has confirmed a formal closure of its Brazil legacy case related to legacy bribery issues in Brazil. According to SBM Offshore’s statement on Wednesday, the company has received notification that the Federal Court has formally closed the Improbity Lawsuit filed by the Brazilian Federal Prosecutors Office (Ministério Público Federal, MPF)... Continue Reading →
OCT 07, 2019 Brazil may receive investments to build at least 15 new pipelines in the coming years in this wave of expansion of the country's gas market. All from private investments. At least that's what the Energy Research Company (EPE) is projecting as potential for a new market. If this forecast is confirmed, it... Continue Reading →
As the oil and gas industry increasingly automates functions, one service company has focused on changing the focus from dumb iron to the cloud. Weatherford’s vision is to take its range of production tools and technologies to the next level by bringing them together with the basics of Industry 4.0, which relies on automation and... Continue Reading →
Oct 8, 2019 The ANP board approved the extension of the Roncador field concession contract, in the deep waters of the Campos Basin, for another 27 years. Round Zero Field, the area also had its development plan approved by the agency. - Round Zero was the auction that ratified the fields that would be with... Continue Reading →
(Reuters) - Brazilian state bank Caixa Economica Federal has filed a legal motion requesting the liquidation of engineering conglomerate Odebrecht SA, according to court documents seen by Reuters, in what could be a dramatic end to the graft-plagued company. Caixa also demanded that creditors appoint new management at the conglomerate and its subsidiaries if the... Continue Reading →
(Reuters) - State-run oil company Petroleo Brasileiro has collected 133 tonnes of oil along Brazil’s northeastern shoreline, Chief Executive Roberto Castello Branco said on Tuesday, in an unexplained mystery he said was worrying. Speaking with lawmakers, he said the company had not identified any of its own oil in its analyses. He also said that,... Continue Reading →
Norway’s TGS (TGS.OL), a supplier of seismic data to the global oil industry, reported record third-quarter revenues on Tuesday, beating both its own and analysts’ forecasts, the company said. So-called net segment revenues hit $277 million for the July-September period, while the company had predicted it would be in excess of $250 million. Continue reading
