May 17th, 20180Brazilian authorities are likely to grant troubled state oil firm Petrobras between a billion and two billion barrels of oil in a bid to settle a long-running dispute about offshore reserves, according to Reuters citing a Brazilian newspaper source.
Talks about the so-called “transfer of rights” area in a part of the oil-rich...
May 6th, 20180Charges against Norwegian offshore driller Sevan Drilling have been dismissed after a probe by the country’s anti-corruption body into allegations linked to the Petrobras affair.
Okokrim, Norway’s authority for the investigation and prosecution of economic and environmental crime, had been investigating drilling contracts that...
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 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 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 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 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.
February 13th, 20180Singapore-based Keppel Offshore & Marine (Keppel O&M) has not been served court papers in relation to a civil case being brought against it in US court by some funds managed by EIG Global Energy Partners, according to media in Singapore.
Reports in The Straits Times and The Business Times say parent company Keppel Corp says...
February 10th, 20180Norwegian oilfield services company Aker Solutions has been awarded a contract with Brazil’s state oil firm Petrobras to provide maintenance and modifications services for three offshore oil and gas fields in the Campos Basin off the northern coast of Rio de Janeiro.
The contract, valued at around $100 million, is for four years...
February 9th, 20180Brazil’s troubled state oil firm Petrobras has started the process of selling its refinery at Pasadena, Texas, according to Reuters.
The sale is part of Petrobras’ divestiture of assets which it is doing in a bid to improve its balance sheet after the damage caused by the huge bribes-for-inflated-contracts corruption...
