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...
February 2nd, 20180A number of former executives of Keppel Corp have been arrested in Singapore as investigations into Brazilian bribes for rig deals heat up. Keppel Offshore & Marine in December agreed to pay $422m in a bid to resolve the long standing investigations that have been carried out by authorities in the United States, Brazil and...
January 31st, 20180Petrobras’ boss on Wednesday touted some “interesting discoveries” made offshore by Brazil’s state oil company in the Campos Basin, according to Reuters. Speaking to investors at a Sao Paulo seminar, the company’s CEO Pedro Parente did not elaborate on the finds offshore Rio de Janeiro but said further analysis was...
January 27th, 20180Brazil’s troubled state oil firm Petrobras, a major offshore drilling player, is set to join the Oil and Gas Climate Initiative (OGCI). The company has signed a letter of engagement to become a member of OGCI, which is a voluntary initiative to lead the industry response to climate change. OGCI was launched in 2014 by 10 big oil...
