MAN Diesel & Turbo SE wins Petroleo Brasileiro (Petrobras) contract extension for maintenance, repair & operational support of 20 MAN THM gas turbine trains. The contract extension covers four offshore platforms in the crude oil and natural gas exploration area off the north-east coast of Rio de Janeiro. The agreement spans five years and is the second extension of this service contract, which was originally signed in 2002. The value of the agreement is Euro 150 million. The gas turbines drive ten gas compressors and ten generators on the Petrobras platforms Cherne 1 and 2, Garoupa and Pampo situated 150 kilometres off the Brazilian coast in the Campos Basin, where around 80 per cent of Brazil’s crude oil and natural gas production are located. The service agreement includes technical support for the operation of systems, regular maintenance work, any repairs that are required as well as spare parts and their logistics. Besides the core components turbine, compressor and generator, the contract also covers all auxiliary equipment as well as the control system. The service from MAN Diesel & Turbo meets the particular requirements of the oil and gas business: round-the-clock availability 365 days a year, rapid response times to maintain operations and compliance with exacting safety and environmental requirements.
GE Technology will be used on 4 new Floating Production, Storage & Offloading Units (FPSOs) for the Santos Basin (São Paulo State), in the Pre-Salt Fields. GE Oil & Gas wins the contract worth more than US$500-million to supply turbomachinery equipment and services to Petrobras, a world leader in deep-water oil production. The contract will serve the four new floating production, storage and offloading units (FPSOs P-74, P-75
Transocean Inc. announced that its subsidiaries have reached an agreement with subsidiaries of Petrobras and Mitsui to acquire a newbuild ultra-deepwater drillship under a capital lease contract. In conjunction with the capital lease contract, subsidiaries of Petrobras and Transocean have entered into a 10-year drilling contract covering worldwide operations with an option by Petrobras to extend the term of the drilling contract by up to an additional 10 years.
Transocean Ltd. (NYSE:RIG) announced that the Board of Directors of Petroleo Brasileiro S.A. (Petrobras) has approved the award of a three-year contract for the ultra-deepwater semisubmersible rig Cajun Express for operations in Brazil. Petrobras has the right within one year of contract execution to convert the three-year contract to a five-year contract. Estimated contracted revenues related to the three-year contract term and five-year contract term, if elected, are approximately $558
AKOFS Offshore, a part of Akastor ASA, has been notified of a five-year contract extension from Petrobras to use the Skandi Santos, a Subsea Equipment Support Vessel in Brazil. The extension, worth about NOK 2.5 billion, will start March 1, 2015 in direct continuation of current contract. The vessel is currently operating under a five-year contract with Petrobras that began March 1, 2010. The Skandi Santos is designed to install and retrieve subsea trees and modules
Brazilian prosecutors plan to file criminal charges stemming from the lease of an Ensco Plc offshore oil-drilling ship to Brazil's state-run oil company Petrobras "in due course," they said. The plan to prosecute over the Ensco-Petrobras charter was mentioned in a Thursday statement presenting corruption charges stemming from the 2009 lease of another drillship, Vantage Drilling's Titanium Explorer Rig.
Transpetro, a unit of Brazil's state-run oil firm Petroleo Brasileiro SA, signed contracts worth $866m for the construction of nine new oil tankers. The Rio Naval consortium will build five Aframax tankers for $517m, and four Panamax oil tankers for $349 million , Petrobras said. The vessels are to join Transpetro's fleet between 2009 and 2011, and are part of a $2.48b program to buy 26 new oil vessels in an initial phase
Pride International is continuing the expansion of its deepwater fleet, following a multi-year contract award from a subsidiary of Petroleo Brasileiro S.A. (Petrobras) for the construction and operation of an advanced-capability, ultra-deepwater drillship in support of Petrobras's international exploration and development drilling projects. The ultra-deepwater drillship, to be built at the Samsung Heavy Industries, Co. Ltd
Petrobras files writ of mandamus against an injunction suspending Transocean's activities in waters offshore Brazil. (Mandamus is an extraordinary writ commanding an official to perform a ministerial act that the law recognizes as an absolute duty and not a matter for the official's discretion. (Source: Advanced English Dictionary). Petrobras filed a writ of mandamus, in the capacity of injured third party, to suspend the injunction granted on July 31
Wood Group Kenny (WGK) has won two contracts with a total value of over $2 million with Brazilian operator Petrobras. In the first, WGK has begun a conceptual engineering study of two alternatives of pipeline heating systems for the Petrobras pre-salt Lapa field, water-heated pipe-in-pipe (WH-PiP) and electrically trace-heated pipe-in-pipe (ETH-PiP). The project aims to provide Petrobras and its partners, BG and Repsol Sinopec
Vard Holdings Limited, a global designer and builder of offshore and specialized vessels, has delivered its first vessel from the group’s newest shipyard, Vard Promar in Brazil, on January 8, 2016. The vessel, a 7,000 m3 fully pressurized Liquefied Petroleum Gas (LPG) carrier
Oil and natural gas output at Petróleo Brasileiro SA rose 4.3 percent last year, the second annual increase after two years of declines, as long-delayed offshore production systems came on line. Petrobras, as the company is known, produced an average 2
Norwegian provider of offshore service vessels for the oil and gas industry Farstad Shipping ASA has entered into two charter contracts in Brazil. Both vessels were hired by the Brazilian state-owned oil and gas company Petróleo Brasileiro, more commonly known as Petrobras.
Enseada Shipbuilding was established to build deepwater drillships for Petrobras. Seventy percent of the company is owned by a consortium composed of Brazilian companies, Odebrecht (50 percent), OAS (25 percent), UTC (25 percent), with the remaining 30 percent belonging to Japanese shipbuilding
IMA/World Energy Reports has just completed a comprehensive assessment of the five year outlook for the deepwater sector. The new report – the 19th annual floater market forecast prepared by IMA since 1996 – provides our forecast of orders for floating production systems between 2016
IMA/World Energy Reports has just completed a comprehensiveassessment of the five year outlook for the deepwater sector. The new report – the 19th annual floater market forecast prepared by IMA since 1996 -- provides our forecast of orders for floating production systems between 2016
Murilo Ferreira quit as chairman of Brazil's Petroleo Brasileiro SA, the state-controlled oil company said on Monday, without disclosing the reason for his decision. Ferreira had been on a leave of absence since Sept. 14, and Nelson Carvalho replaced him on an interim basis
With most offshore wells in Brazil located between 30 and 300 km from the coast, communication with offshore assets has not always been straightforward or reliable. Some operators and service providers still use traditional maritime VSAT services for coverage offshore Brazil
Brazil's state-run oil company Petrobras is offering up to a quarter of its 40 percent stake in the huge Libra offshore oil prospect as its seeks to reduce the largest debt in the global oil industry, two industry sources said on Tuesday.
In December Mitsubishi Heavy Industries Compressor Corporation (MCO), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Hiroshima, will establish a new company in Brazil in a joint venture with Mitsubishi Corporation (MC), to be known as MHI Compressor do Brasil Ltda
Petrobras plans to reduce its 40 pct stake in Libra field. Brazil's state-run oil company Petrobras is offering up to a quarter of its 40 percent stake in the huge Libra offshore oil prospect as its seeks to reduce the largest debt in the global oil industry, two industry sources said on Tuesday
Brazilian prosecutors on Thursday charged 12 people with a bribery scheme involving Dutch firm SBM Offshore NV, the world's top leaser of oil production ships, and state oil firm Petroleo Brasileiro SA . Police said they had four arrest orders as part of the scheme
A group of Japanese shipbuilders led by Mitsubishi Heavy Industries Ltd (MHI) plans to exit its 30 percent stake in Brazilian shipbuilder Ecovix and declare the investment as a loss, Valor Economico newspaper reported on Tuesday. The group led by MHI plans to sell its stake in Ecovix
After a decade-long boom, there were zero new orders globally for jack-up rigs last year on account of the current oil downturn. Singapore's largest rig builders finding it difficult to navigate safely, reports The Straits Times.
A consortium of Japanese shipyards decided to sell its stake of Ecovix, which controls the Rio Grande Shipyard, reports Reuters. Mitsubishi Heavy Industries, four other shipbuilders said in October 2013 acquired 30% of Ecovix-Engevix Construcoes Oceanicas in a deal reportedly worth