June 24th, 20190US drilling service provider Vantage Drilling has announced Petrobras has paid the company $700.9m in total to satisfy an arbitration award between them. Vantage Drilling filed the arbitration claim against Petrobras after the latter terminated the service agreement for the drillship Titanium Explorer in 2015, and the arbitration...
June 21st, 20190Japan’s Modec has received a letter of intent from Petróleo Brasileiro for the supply, charter, and operations of an FPSO vessel for the Búzios field. The firm time charter period is 21 years, and the vessel will be the fifth FPSO deployed at the field. Modec will be responsible for the engineering, procurement, construction,...
June 10th, 20190DOF subsidiary Norskan has been awarded a one-year extension by Petrobras for . The 1983-built construction support vessel was converted in 2009, and has since operated as a field support vessel for Petrobras. Mons Aase, CEO of DOF, commented: "We are pleased with this contract which further confirms our strong market position in...
May 15th, 20190McDermott International has been awarded a contract by Petrobras for engineering, procurement, construction and installation of subsea risers and flowlines for the first phase of the Sepia field off Brazil. The scope includes engineering, surveys, supply, installation and pre-commissioning of rigid pipelines, jumpers, buoyance...
May 7th, 20190Brazilian miner Vale has informed that the Minas Gerais Court of Justice had ruled the company to suspend operations at its Brucutu iron ore mining complex, reversing a ruling by the Lower Public Treasury Court of Belo Horizonte which allowed it to resume activities at the mine in March. Vale has been under strict scrutiny following a...
April 26th, 20190Malaysian oil and gas major Petronas has entered into a sale and purchase agreement with Brazilian state run energy group Petrobras for a 50 percent equity in the Tartaruga Verde field and its facilities and Module III of the Espadarte field, both located offshore Brazil. Petronas said the acquisition marks an important milestone for...
April 24th, 20190Dutch offshore accommodation vessel specialist OOS International and Chinese yard CIMC Raffles have been awarded a contract by Petrobras for 2018-built accommodation vessel . The contract will commence in the second half of 2019 and is for a period of five years. OOS Tiradentes is already in Brazil working for Petrobras and the...
April 22nd, 20190Houston-headquartered Atlantica Tender Drilling has had an option exercised by Petrobras for 2013-built tender drilling rig . Petrobras has extended the rig by 180 days, bring the current contract from September 2019 through to March 2020. Founded in 2007, Atlantica has two semi-tender units in its fleet. Last month, it signed a...
April 18th, 20190Houston-headquartered Halliburton Company has been awarded an integrated services contract by Shell for post-salt development and pre-salt exploration in Brazil’s Campos and Santos Basins. Halliburton will provide drilling services for a period of three years, with a two-year extension option. Anouar Fraija, vice president of...
April 12th, 20190One of China’s best known ship repair yards is to enter the Brazil market. Zhoushan IMC-Yongyue Shipyard and Engineering will partner with Brasil Basin Drydock Company (BBDC), a joint venture between McQuilling and Promon Engenharia, to participate in Empresa de Docagens Pedra do Ingá (EDPI). The new facility is set to become the...
