Singapore’s Keppel Shipyard is expecting the arrival of a very large crude carrier (VLCC), which will be converted into a floating production storage and offloading (FPSO) unit for SBM Offshore, this month.  The FPSO unit will be used to develop the ExxonMobil-operated giant Liza field offshore Guyana. Read  more

Rio de Janeiro, November 10, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that it has achieved top grade in the Governance Indicator ("IG-SEST") prepared by the Secretariat of Coordination and Governance of State-Owned Enterprises - SEST, under the Ministry of Planning, Development and Management - MPDG, with the results gathered in its 1st Assessment... Continue Reading →

Chaired by the president of the Chamber of Deputies, Rodrigo Maia, the discussion about the end of the production sharing model, the president of Shell in Brazil, André Araújo, argued that the offer of geologically attractive areas and fiscal conditions are the main pillars for an attractive regulatory framework for oil companies. Araújo spoke exclusively... Continue Reading →

For ground blocks the minimum percentage of mandatory local local content shall be 50% for the exploration phase and 50% for the development stage. For blocks in the sea, the minimum percentage of global mandatory local content will be 18% for the exploration phase. For the macro-groups of the development stage the percentages will be:... Continue Reading →

November 10, 2017 By Davi de Souza (davi@petronoticias.com.br) – With an investment of R $ 3 billion over the last few years, the Enseada shipyard already looks at its strategic planning to take important new steps. The company recently delivered the P-74, P-75, P-76 and P-77 hulls, which are now being completed at its integrating... Continue Reading →

French oil major Total has signed a deal with its compatriot Engie to buy  Engie’s of upstream liquefied natural gas (LNG) business for $1.49 billion. This portfolio includes participating interests in liquefaction plants, notably the interest in the Cameron LNG project in the US, long term LNG sales and purchase agreements, an LNG tanker fleet as... Continue Reading →

The who’s who of the oil world -- led by Exxon Mobil Corp and Royal Dutch Shell Plc, the world’s two biggest drillers by market value -- are lining up to bid in the country’s Jan. 31 deep-water auction. And the interest is international in scope, drawing Chevron Corp. from the U.S., the U.K.’s BP Plc, Norway’s Statoil ASA,... Continue Reading →

A former CEO of oil-services company SBM Offshore NV pleaded guilty Thursday to charges related to the Petrobras corruption scandal in Brazil as the U.S. steps up its pursuit of individuals over corporate misdeeds.  The former executive, Anthony Mace, appeared Thursday in federal court in Houston, where he admitted to conspiring to violate the U.S. Foreign Corrupt... Continue Reading →