April 16th, 20180Brazil’s state oil firm Petrobras and British supermajor BP have signed a memorandum of understanding (MOU), committing both parties to exploring potential areas of commercial co-operation.
It builds on commitments the two companies made in a Letter of Intent (LOI) in October last year.
In confirming the alliance through the new...
April 10th, 20180Brazil’s former national President Luiz Inacio Lula da Silva has been admitted to jail in Curitiba, southern Brazil, pending an appeal of his conviction for charges of corruption in connection to the Petrobras probe.
Lula, who served two terms (2003-2011) in the highest office in the land, is a charismatic socialist whose appeal is...
April 9th, 20180DOF subsidiaries Norskan Offshore and DOF Subsea Brazil have been awarded contracts for 2007-built construction support vessel Skandi Commander along with an ROV.
The contracts commence April and have an estimated duration of 150 days.
Skandi Commander was reflagged to Brazil in 2017.
April 4th, 20180Brazil’s troubled state oil firm Petrobras on Tuesday announced it is going ahead with the divestment of parts of some of its offshore oil fields, according to Reuters.
It means selling 50% of its E&P stake in the Tartaruga Verde field, and a section (Module III) of the Espadarte field, plus its whole stake in the Bauna...
March 20th, 20182Brazilian authorities are poised to announced the auction of seven additional port terminal licences, according to Reuters citing Brazilian newspaper Valor Economico.
The government is licensing ports as part of a privatisation policy.
Among the licences to be auctioned are five for terminals at two ports in the country’s...
March 15th, 20180Petrobras, Brazil’s state oil company, announced it will sell two offshore oil fields, one in production and one not yet developed.
The fields, Piranema and Piranema Sul, are located in deep water in the Sergipe-Alagoas basin off Brazil’s northeast coast.
Petrobras is selling its entire stake in both.
Piranema was discovered...
March 9th, 20180Winterhsall, a subsidiary of German chemicals group BASF, said on Wednesday that it aims to expand into Brazil’s booming offshore sector, according to Reuters.
The energy unit of BASF, Wintershall plans to participate in Brazil’s upcoming offshore licensing rounds. And it is open to teaming up with other firms in joint...
March 7th, 20180Brazil’s state oil firm Petrobras is pressing ahead with plans to sell off its oil refinery in Pasadena, Texas, according to Reuters.
Petrobras CEO Pedro Parente confirmed that no changes are foreseen in the divestment of the property for which, it is widely agreed, Petrobras massively overpaid in the first place.
The refinery...
February 23rd, 20181Brazil’s national oil industry regulator has approved 14 companies to be bidders in next month’s round of auctions for oil rights both offshore and on land, according to Reuters.
The National Agency of Petroleum, Natural Gas and Biofuels (initialized as ANP for its Portuguese-language name) included global industry heavyweights...
February 19th, 20180Norway’s DOF has agreed an extension with Brazil’s Petrobras for the 1999-built anchor handling tug supply vessel .
The extension, commencing in June, is for 265 days and sees the vessel contracted with Petrobras until the end of February 2019.
The vessel was reflagged to the Brazilian flag last year.
