Houston, June 14, 2017 - On Friday, February 24th Benthic Brasil Ltda., a wholly owned subsidiary of Benthic Geotech Pty Ltd, successfully completed the offshore phase of a major geotechnical site investigation on the Libra Consortium’s ultra-deepwater Libra project. Utilizing Benthic’s proprietary PROD (Portable Remotely Operated Drill) seabed founded drill rig, the fieldwork phase... Continue Reading →
Petrobras – Approval of Deputy Officer for Governance and Compliance Post
Rio de Janeiro, June 13, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that its Board of Directors approved, in a meeting held yesterday, the creation of the non-statutory position of Deputy Officer for Governance and Compliance. The measure is yet another step forward in the company’s governance system, considering that the Deputy Officer will... Continue Reading →
Brazil’s CVM fines Eike Batista $6.3 mln for insider trading
Brazil's securities regulator on Tuesday ordered former billionaire Eike Batista to pay 21 million reais ($6.3 million) for stock trading based on insider information about his shipbuilding company OSX Brasil SA . The regulator, known as the CVM, said Batista had sold OSX shares before public release of information that triggered a sharp selloff on... Continue Reading →
TechnipFMC buys remaining Kanfa stake from Sevan
Sevan Marine, a Norwegian designer of offshore oil and gas facilities, has sold its shares in the topside specialist Kanfa to TechnipFMC. Technip, now TechnipFMC, initially acquired a 49 percent stake from Sevan, back in 2014 for an undisclosed amount. Under the agreement Sevan has agreed to sell its remaining 51% shareholding in Kanfa to Technip Norge... Continue Reading →
Brazil graft probe targets former head of Petrobras
A judge in Brazil has ordered a corruption investigation against Aldemir Bendine, the former head of state-run oil company Petrobras, according to a court document released Tuesday. Federal judge Sergio Moro also found Sergio Cabral, a former governor of Rio de Janeiro state, guilty on corruption and money laundering charges and sentenced him to over... Continue Reading →
Without new contracts, EAS shipyard may close in 2019
The Atlântico Sul Shipyard (EAS) runs the risk of having to close the doors after mid-2019, when it has finished delivering the ships to its sole client, Transpetro, the Petrobras logistics subsidiary. "This risk [of paralyzing activities from the end of 2019] is high," says Harro Burmann, president of EAS. Controlled by Queiroz Galvão and Camargo... Continue Reading →
COMPERJ’S NATURAL GAS PROCESSING UNIT (NGPU) TENDER RESULT WILL BE ANNOUNCED IN JULY.
June 13, 2017 The result of the bidding that will complete the NGPU works of the Rio de Janeiro Petrochemical Complex (Comperj) , will be announced in July. Of the 34 foreign companies invited to participate, only four submitted proposals with the required certifications: Toyo, Fluor, Cobra and Kervi. The basic price that Petrobras has... Continue Reading →
Main ally of Brazil’s Temer sticks with him despite scandal
The Brazilian Social Democratic Party, the main ally of President Michel Temer, said on Monday it would stay in his coalition for now, despite a move by younger members to break away from the scandal-plagued government. Speaking at an executive meeting of the PSDB, they said a decision to stick with Temer was based on... Continue Reading →
Brazil: Three workers die after deadly drillship boiler blast
zoom Three workers died and one was injured after a boiler exploded on the Odebrecht-run NS-32 (Norbe VIII) drilling rig offshore Brazil on Friday. According to Petrobras, Ericson Nascimento de Freitas, 29, who was hospitalized died on Friday. Jorge Luiz Damião, 44, died on Saturday. Eduardo Aragão de Lima, a 33-year-old employee of Odebrecht Oil... Continue Reading →
DSV Southern Star starts 6-year charter with Fugro
A new subsea operations vessel named Southern Star has started a bareboat charter with Fugro. Singapore-based new subsea services provider Tasik Subsea supervised the vessel’s build by Fujian Mawei Shipbuilding in Fuzhou, China, at their new Culu Island shipyard. The diving support vessel was launched at the end of May 2016. The six-year charter is an... Continue Reading →
