January 13th, 20200BW Offshore has reached an agreement with Brazil’s Petrorio to extend the contract for the lease and operation of . The firm period has been extended one year, to the third quarter of 2021, with options until the third quarter of 2022. The contract has been extended multiple times since the original firm contract ended in...
December 19th, 20197Maersk has confirmed that its offices in Rio de Janeiro and Sao Paulo have been searched by the Brazilian Federal Police in connection with allegations regarding the payment of bribes to national oil company Petrobras over a 10-year period through to 2012. Maersk is accused of paying $3.4m on bribes to get shipping contracts from the...
December 10th, 20190Archer Limited has announced that Equinor Brasil Oleo e Gas Lhave confirmed a new four-year contract for the provision of platform drilling management services on the Peregrino Field Development on the Peregrino A and B platforms. The new contract is in direct continuation of Archer's current contract, and takes Archer's continued...
December 9th, 20190Malaysian-owned AET has been awarded long-term contracts by Shell’s Brazil Shipping I Limited for three suezmax shuttle tankers. AET will own and operate the newbuild vessels, which will operate in international and Brazilian waters. The charters are expected to commence in 2022 and the estimated contract value is $245m. "These...
December 9th, 20190Norway’s Solstad Offshore has been awarded contract extensions by Equinor Brazil for 2012-built platform supply vessels Far Scotsman and Sea Brasil. The contract for Far Scotsman has been extended by two years, while Sea Brasil has been extended for one year. Both have been extended in direct continuation of their present...
December 2nd, 20190Australian CNG project firm Global Energy Ventures (GEV) has commenced a CNG commercialisation study of an offshore in-development oil field in the Brazilian pre-salt region. The field selected is in the Santos Basin, around 200km off Rio de Janeiro, and first oil and gas production is expected in 2020 via an FPSO vessel. The study...
November 20th, 20190Brazil’s Petrobras is on course to become the world’s largest oil producer among publicly listed companies by 2030, based on Rystad Energy’s latest data and forecasts. After a tough few years embroiled in a huge corruption scandal, Petrobras is now the world’s fastest growing oil producer and Rystad analysis suggests it will need...
November 12th, 20192Four Japanese conglomerates are proceeding with a deepwater FPSO charter project off Brazil. MODEC, Mitsui & Co, Mitsui OSK Lines (MOL) and Marubeni Corporation will invest in a long-term charter in an FPSO for use in Petrobras’s Búzios field off the coast of Brazil. Mitsui, MOL and Marubeni will invest in Buzios5 MV32, a Dutch...
November 4th, 20190Greece’s Delta Tankers is denying one of its suezmaxes is responsible for one of the worst oil spills in Brazilian history. On Friday Brazilian authorities said that the , a ship carrying Venezuelan crude to Asia in July, was the culprit for a huge volume of oil washing up on hundreds of kilometres of local coastline. "There is...
October 18th, 20190China's largest steel producer Baowu Steel Group has signed a series of strategic agreements with Brazilian miner Vale to explore partnerships in various areas. Under the agreements, Baowu and Vale will cooperate in steelmaking, base metals, technology research and development, as well as logistics and supply chain to effectively...
