Brought to you by Quest Offshore & Southern Cone Consultants
zoomGuyana Minister of Natural Resources, Raphael Trotman; Image source: GINA After oil discoveries offshore Guyana came into the spotlight in recent months, the Ministry of Natural Resources has decided to form a Petroleum Directorate. Guyana and its oil prospects have received a lot of attention in recent months after the U.S. oil giant ExxonMobil declared... Continue Reading →
Rolls-Royce Holdings Plc won approval from a U.K. judge for its settlement with British prosecutors as the U.S. Justice Department unsealed a parallel agreement with the company in Ohio the day after the company announced it would pay $800 million in total to resolve bribery probes in both countries as well as Brazil. In London,... Continue Reading →
Brazil's state-controlled oil company Petrobras on Tuesday closed a $4 billion issuance of 5 and 10-year notes in international markets as part of the debt-laden company's efforts to term out upcoming maturities, it said in a statement. The order book was five and four times oversubscribed in the 5 year and 10-year tranche, respectively, with... Continue Reading →
Brazil's largest engineering conglomerate Odebrecht SA [ODBES.UL] plans to reach settlements in all 12 countries where it has admitted to paying bribes to obtain contracts, two sources with knowledge of the matter told Reuters on Tuesday. The family-owned firm signed a $1.94 billion leniency deal with U.S., Swiss and Brazilian prosecutors in December for its... Continue Reading →
Brazil may hold a second licensing round this year for new oil exploration areas in an offshore region known as the sub-salt where massive discoveries have been made, the Energy Ministry said on Tuesday, as it looks to spur economic growth. Seeking to attract investment and avoid a third year of recession in 2017, the... Continue Reading →
Brazil's busiest pipeline of bond and equity offerings in at least six years is being fueled by increasing investor confidence in the country's ability to emerge from a harsh recession and shrug off global market turmoil, bankers said. In what the bankers say is a window for offerings that opened last week and may extend... Continue Reading →
zoomAmpelmann E-type gangway; Image source: Ampelmann Dutch offshore access solutions provider Ampelmann has been awarded a contract by SBM Offshore in support of an FPSO maintenance campaign in the Espírito Santo Basin offshore Brazil. Ampelmann said on Monday that the contract entails the provision of an E-type gangway system in January 2017, with a scope... Continue Reading →
zoom Brazilian oil company Petrobras has awarded the Brazilian-built pipe-lay support vessel (PLSV), Skandi Vitória, a contract of 532 days. The vessel is owned through a joint venture between the Norwegian shipping company DOF and the French oilfield services provider Technip. DOF said on Monday that the contract with Petrobras will start in January. Skandi... Continue Reading →
FMC Technologies, a US-based provider of subsea systems for offshore oil and gas industry has delivered its last subsea tree, a piece of equipment used for the monitoring and control of production from offshore wells. Namely, the company, which has delivered more than 2000 units over the years, on Saturday shared a photo of... Continue Reading →
Subsea engineering, construction and services company Subsea 7 on Monday announced the early termination of the day-rate contract for its pipe-lay support vessel (PLSV), Seven Mar. The 2001-built vessel was working for Petrobras, offshore Brazil, and the termination is effective from January 16, 2017. The contract was due to expire in 2018 and as... Continue Reading →
Brazil Energy Insight 