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July 9, 2019 Wintershall Dea is licensing an exploratory well in the POT-M-857 block area, in deep waters of the Potiguar Basin, in Rio Grande do Norte. The company informed Ibama that it intends to use a drillship with dynamic positioning to carry out the campaign, which will use the Port of Natal as a... Continue Reading →
Dutch heavy lifting and transportation company Mammoet and its UK rival ALE have revealed they’ve been in talks over a purchase agreement. In a statement on Monday, the two companies said that, if the talks are successful, Mammoet would acquire the British heavy lift and transport specialist ALE. “Should these discussions result in a signed... Continue Reading →
July 9, 2019 The board of Petrobras will appreciate, this week, the contracting of six drilling rigs for its portfolio with capacity for operation in 2 thousand m of water depth. The new charters, which include three Constellation equipment (Alpha Star, Gold Star and Amaralina Star), one from Ocyan (Norbe VI) and two from Petroserv... Continue Reading →
RIO DE JANEIRO, BRAZIL – July 8, 2019 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) today announced the expiration and expiration date results of the previously announced offers to purchase (the “Offers”) by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”), of any and all of its outstanding notes set forth in the... Continue Reading →
Finland’s technology group Wärtsilä has signed a five-year optimized maintenance agreement with subsea services specialist Sapura Brazil. Wärtsilä said on Monday that the agreement, signed in June 2019, covered Sapura’s fleet of six pipe-laying support vessels (PLSVs). According to the company, the deal will support the fleet’s operational performance, increase both its efficiency and reliability... Continue Reading →
Singapore-based offshore drilling rig constructor Sembcorp marine has filed “a suspicious transaction report“ to the Singapore police following last week’s police raid of its subsidiary’s offices in Brazil as part of a bribery probe. Companies in Singapore are required to file a Suspicious Transaction Report if they have reasonable grounds to suspect that any of... Continue Reading →
(Bloomberg) -- Pension reform optimism and a narrow current account deficit are still not enough to get some of Brazil’s top fund managers to bet on the nation’s currency. Given economic fundamentals, the real could be trading at about 3.30 per dollar, said Luis Stuhlberger, a Sao Paulo-based founding partner at Verde Asset Management, which... Continue Reading →
Rio de Janeiro, July 8, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that it signed an Agreement with the Administrative Council for Economic Defense (CADE), which consolidates understandings between the parties on the promotion of competition in the natural gas industry in Brazil, including the sale of shareholdings in companies operating thereof. The purpose... Continue Reading →
July 8, 2019 Having worked meticulously with Petrobras for years, suppliers in Norway and their hub of sub-suppliers are again gaining large bulk orders from Brazil, as the country’s unexplored reserves compel the national oil company to buy - and borrow - Norwegian. About 15 years after Norwegian suppliers installed Brazilian deepwater research facilities and... Continue Reading →
July 8, 2019 Norwegian oil company Equinor and China's Sinochem have received prior approval from IBAMA for Phase 2 of the expansion of the Peregrino oilfield production system in the Campos basin, Rio de Janeiro state, the agency said on Friday. The project provides for the installation of a third fixed platform for drilling new... Continue Reading →
