Published: Friday, November 17, 2017, 6:05 pm The director general of the ANP, Décio Oddone, attended this week meetings and events with investors in the United States to discuss the regulatory changes implemented in Brazil, present the results of the rounds conducted in 2017 and begin the announcement of the bidding rounds of blocks... Continue Reading →
Singapore reclaiming the throne in offshore shipbuilding
Singaporean shipyards have held an influential position in the offshore shipbuilding world for years. Now they’re upping their game even more. Aside from a few major project awards like the Johan Castberg FPSO for Statoil (which I’ll go into more detail on below), things don’t seem to have changed much in the offshore shipbuilding industry. ... Continue Reading →
Heerema cuts first steel for Statoil’s Peregrino II jacket
Dutch contractor Heerema Fabrication Group has cut first steel for the Peregrino II jacket, marking the beginning of the construction phase for the Statoil-operated project located off Brazil. The steel-cutting ceremony was held at Heerema’s Vlissingen yard, according to the Dutch company’s Monday update released through its social media channels. The Peregrino jacket will be approximately 135... Continue Reading →
Siem Offshore seeks debt relief from banks, in talks to sell cable lay business
Norwegian shipping company Siem Offshore is seeking help from banks to ensure its survival through the downturn. The shipowner is also looking to sell its cable lay business. In preparation for an extended downturn in the offshore supply market, Siem Offshore Inc. has issued a request to its banks for installment relief and certain other... Continue Reading →
Brazil: Statoil extends drilling management deal with Archer
Oilfield services company Archer has received a three-year extension from Statoil for the provision of platform drilling management services on the Peregrino A and B platforms located offshore Brazil. Archer said on Friday that the contract was awarded by Norwegian company’s Brazilian entity, Statoil Brasil Oleo e Gas Ltda., and would begin on December 1,... Continue Reading →
Norway Oil Bosses Insist End Isn’t Nigh After $35 Billion Shock
Can Norway dump $35 billion in oil and gas investments, and simultaneously convince that same industry to throw money into the country’s own fossil-fuel future? After the initial shock of learning that Norway’s $1 trillion wealth fund wants nothing to do with it, the petroleum industry says both are in fact possible. Read more
Petrobras Oil & Gas B.V. divestment: Start of the non-binding phase
Rio de Janeiro, November 17, 2017 – Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on 11/7/2017, informs the start of the non-binding phase related to the divestment process of 100% equity interest of Petrobras Oil & Gas B.V. (“POGBV”). At this stage of the project, stakeholders who have signed the Confidentiality... Continue Reading →
Petrobras will bid three new platforms for 2018
Petrobras will launch bids for three new oil rig platforms in 2018. Petrobras president Pedro Parente reported that he has already begun the bidding process to contract a platform (FPSO) for the Búzios field in the pre -salt. In addition, two more bids will be made: one for the revitalization of the Marlim field... Continue Reading →
Petrobras Prepayment of bank debt and new financing
Rio de Janeiro, November 17, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that it has raised yesterday funds with a syndicate of commercial banks led by Standard Chartered, in the amount of US$ 1 billion. In addition to Standard Chartered, the syndicate consists of China Construction Bank, ABN AMRO Bank, Industrial and Commercial Bank... Continue Reading →
Petrobras Change in the Production Development and Technology Office
Rio de Janeiro, November 16, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that Roberto Moro, Chief Production Development and Technology Officer (CPDTO), submitted today his resignation to the post, due to his retirement. Petrobras informs that its Board of Directors approved the appointment of the Chief Human Resourses, HSE and Services Officer, Hugo Repsold... Continue Reading →
Brazil Energy Insight 