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Norwegian offshore vessel owner Siem Offshore has won a contract for its Siem Dorado multi-purpose support vessel in Guyana. Siem Offshore said the contract was for 55 days firm, in addition to mobilization and demobilization fees, with extension options included. It did not say who the client was. The work scope will consist of fiber... Continue Reading →
(Reuters) Authorities in Brazil are investigating senior employees at Connecticut-based trading house Freepoint Commodities for their alleged role in a bribery scheme involving state-run oil company Petrobras, Reuters has learned. Federal police here suspect Freepoint, through an intermediary, routed bribes to Petrobras employees for a roughly seven-year period ending in 2018. Reuters pieced together the... Continue Reading →
Offshore drilling contractor Valaris has been awarded a one-well contract for a drillship with Total for operations offshore Ivory Coast. Valaris said on Tuesday that the contract has been awarded to the drillship Valaris DS-12. The contract is expected to start in the third quarter of 2021. No further information about the contract have been... Continue Reading →
Subsea Integration Alliance, the partnership between Subsea 7 and OneSubsea, is anticipating the final confirmation of an EPCI contract with Equinor for the Bacalhau field “in the near future”. If confirmed, the work scope will cover the engineering, procurement, construction and installation (EPCI) of the subsea pipelines (SURF) and production systems (SPS) for the field located... Continue Reading →
(Reuters) Brazil's economy expanded by 1.2% in the first quarter, data showed on Tuesday, the third quarter of growth and faster than economists had expected, taking Latin America's largest economy back to its size at the end of 2019 before the pandemic. Growth was driven by services, industry and fixed business investment, official statistics agency... Continue Reading →
(Reuters) Climate activists who scored big against Western majors last week had some unlikely cheerleaders in the oil capitals of Saudi Arabia, Abu Dhabi and Russia. Defeats in the courtroom and boardroom mean Royal Dutch Shell (RDSa.L), ExxonMobil (XOM.N) and Chevron (CVX.N) are all under pressure to cut carbon emissions faster. That’s good news for the likes of Saudi Arabia’s... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, further to the press release dated April 16, 2021, informs that the resignation of the Board of Directors member, Marcelo Gasparino da Silva, elected through a multiple vote process in the Extraordinary General Meeting of April 12, 2021, became effective today (EGM of April 12,2021). In view of the vacancy... Continue Reading →
Norwegian oil and gas company Equnior has made a final investment decision for the development of the Bacalhau field offshore Brazil. The development of the field located in the Santos Basin will cost around $8 billion. Arne Sigve Nylund, Equinor’s executive vice president for Projects, Drilling, and Procurement said: "This is an exciting day. Bacalhau is the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on February 26, 2021, informs that today it has concluded the sale of the totality of its 51% interest in Eólica Mangue Seco 2 - Geradora e Comercializadora de Energia Elétrica S.A. (Eólica Mangue Seco 2) to Mangue Seco Participações S.A., invested by Fundo... Continue Reading →
(PetroNoticias) The Brazilian Environment Institute (Ibama) granted the installation license for the FPSO Sepetiba, the second platform vessel to be installed in the Mero field, in the Santos Basin pre-salt. The document will be valid until May 2025 and also covers the collection and disposal system associated with the vessel. The Sepetiba FPSO should start... Continue Reading →
