Brought to you by Quest Offshore & Southern Cone Consultants
Wilson Sons Ultratug Offshore has secured long term work for three of its vessels with the Brazilian oil giant Petrobras. The offshore shipping company is a joint venture (JV) between the Brazilian shipbuilding company, Wilson Sons and Chilean services provider Ultramar. Read more
Global oil exploration investments in 2018 are expected to be lower than in 2018, despite the rise in oil prices. Energy intelligence group Wood Mackenzie expects most oil companies will stay cautious and "well counts will remain stubbornly low.“ “Competition for the best opportunities will be fierce. However, the industry’s focus on reducing costs in... Continue Reading →
Rio de Janeiro, January 2, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that received today a fiscal notification by the Federal Revenue of Brazil, requiring payment of withholding income tax (IRRF), contribution of intervention in the economic domain (CIDE) and social contributions (PIS and COFINS) on remittances abroad for payment of vessel charters, regarding... Continue Reading →
Brazil’s state-controlled oil company, Petroleo Brasileiro SA (PETR4.SA), said Wednesday that it has agreed to pay $2.95 billion to settle a U.S. class action brought by investors seeking to recoup money they claim to have lost as a result of a corruption scandal. Read more
Norwegian offshore shipping company Solstad Farstad has been awarded a charter contract in Argentina for one of its construction support vessels (CSVs). Solstad Farstad informed on Tuesday it has entered into a bareboat contract with Bahia Grande LN S.A for the CSV Normand Commander for operation in Argentina. Read more
Dayrate and utilization trends for offshore drilling rigs have only improved marginally this year, but a lot has still happened in the market. Here's our overview of 2017's highlights. See Report: 2017-offshore-market-review-bassoe-offshore-paginated
Stock speculation will get ahead of itself in 2018, leading to a short correction for the S&P 500, while oil will vault above $80 as “populism, tribalism and anarchy spread around the world,” according to Byron Wien’s annual list of surprises. Read more
DOF Subsea, a subsidiary of DOF ASA has been awarded two new ROV contracts by Petrobras in Brazil for ROVs to be installed on board Skandi Angra and Skandi Paraty. The new contracts start in April 2018 and end in September and November 2020, respectively. Further, Petrobras has extended two ROV contracts for the ROVs... Continue Reading →
Brazil’s securities regulator formally accused eight former executives of state-run oil company Petroleo Brasileiro SA of corruption on Friday, as the world’s largest graft investigation stretches deep into its third year. Read more
Rio de Janeiro, January 02, 2017 - Petróleo Brasileiro S.A. – Petrobras, further to the press release of 08/23/2017, reports that Law no. 13.586 was sanctioned on 12/28/2017 as a result of the approval of Provisional Measure no. 795/2017. The aforementioned Law, together with Decree no. 9,128/2017, ensures the maintenance of the tax rules in... Continue Reading →
Brazil Energy Insight 