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Petrobras Contract

Brazil Offshore Turbine Engine Maintenance Contract for MAN

Petrobas Platforms: Photo credit MAN

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 Oil & Gas Win Petrobas FPSO Contract

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 to Acquire Drillship

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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.


Ultra-Deepwater Cajun Express Contract

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 Gets Contract Extension from Petrobras

Skandi Santos

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


Brazil Prosecutors: Charges Pending over Ensco Drillship Lease

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 Inks Orders Tankers

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 Expands Deepwater Capabilities

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


Writ Issued Protesting Transocean Shutdown Order

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 Wins 2 Contracts from Petrobras

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


Skandi Paraty Delivered and On-hire

Photo: DOF Group

Skandi Paraty, owned by Norskan Offshore Ltda, has been delivered from the yard and went on-hire on a four years contract with Petrobras.   Skandi Paraty is an AHTS, Vard AH11 design, and is the last vessel in a series of three, all built at Vard Niteroi in Brazil


Ensco Lost 2 Petrobras Contracts

Image: Ensco Plc

 Ensco Plc has concluded discussions with Petrobras regarding revised commercial terms with respect to some rig contracts.   Ensco 6003 and Ensco 6004 had their contracts terminated effective May 1, 2016 by mutual agreement.  


EIG names Odebrecht, shipyards in Petrobras suit

Investment management firm EIG Management Co added Brazil's engineering conglomerate Odebrecht SA and a few other shipyards in its $221 million fraud suit against Petroleo Brasileiro SA. EIG, in a filing on Wednesday, alleged that Odebrecht SA and other shipyards along with Petrobras misled the


DryShips Posts Profit for 1Q

Photo: DryShips Inc

 Greece-based DryShips Inc. (DRYS) reported first-quarter of 2016 net income of $55.4 million, after reporting a loss in the same period a year earlier.    The company said it had profit of $2.05 per share. Losses, adjusted for non-recurring gains, came to 78 cents per share.


Sembcorp Marine posts first Quarterly Loss.

Posts S$535 mln loss vs year ago profit; net order book backlog at S$10.4 billion. Singaporean rig builder Sembcorp Marine Ltd posted its first quarterly loss, hit by writedowns and project delays by its key customers, underscoring the strain caused by plunging crude oil prices.


Slowdown, Brazil Impact Hit Sembcorp

Photo: Sembcorp Marine Ltd

 The strain of low oil prices on the offshore and marine sector was in full display as  the world’s second-largest builder of oil rigs Sembcorp Marine Ltd posted its first quarterly loss in at least 12 years.   The company took impairment charges and provisions of S$609


SapuraKencana Operations in Brazil Grows

Sapura Jade Photo SapuraKencana

SapuraKencana Petroleum Berhad's (“SapuraKencana”) presence in Brazil continues to grow after entering the market with its first pipelaying support vessel (“PLSV”), Sapura Diamante, on June 28, 2014. On 14 February 2016, its latest PLSV


Police Probe Petrobras Contracts with Keppel

Brazilian police said on Monday they were looking into possible bribes paid in contracts signed by state-run oil company Petrobras and shipbuilder Sete Brasil with Singapore's Keppel Fels. Federal police carried out a fresh wave of searches and arrests on Monday in the ongoing "Operations


Offshore Brazil: Production Starts at FPSO Unit

FPSO Cidade de Paraty image (CG) Photo NYK

In February, a second floating production, storage, and offloading (FPSO)* unit deployed by NYK for the BM-S-11 consortium through a joint venture company started oil production in a pre-salt area off Brazil.   This FPSO unit, FPSO Cidade de Marica


Brazil Onshore Assets for Sale produce 2% of Output

Petrobras Headquarters

Brazil's state-run oil company Petroleo Brasileiro SA said on Friday it plans to sell its rights to 104 onshore oil and gas concessions, part of efforts to raise cash and focus increasingly scarce capital on more profitable offshore assets.


Dryships Sinks Into Loss

DryShips Headquarters Photo Dryships

DryShips Inc. (NASDAQ:DRYS), or DryShips or the Company, an international owner of drybulk carriers and offshore support vessels, today announced its unaudited financial and operating results for the quarter ended December 31, 2015. Fourth Quarter 2015 Financial Highlights


Mammoet Signs up for FPSO Module Integration

Photo: Mammoet

Mammoet’s PTC 200-DS ring crane ensures time-efficient and cost-effective approach to Petrobas P-76 FPSO-vessel construction   On March 16, 2016, Mammoet Brazil and the Consortium Techint-Technip (CTTP76) signed a contract for the integration of 20 modules to be lifted onto the hull


Floating Production's Future: The 6 Things You Need to Know Now

Bonga FPSO (Photo: Shell)

No question that the market for new floating production systems has taken a battering.   The past 12 to 18 months have been a difficult period for everyone in the business sector.  Absence of new contracts has forced fabricators and equipment suppliers to make huge cutbacks in personnel


Oceana Yard’s First Newbuild Delivered

CBO Oceana on her way to sea trial (Photo: Ulstein)

The new Oceana shipyard in Itajai, Brazil has delivered its first newbuild, a platform supply vessel of the PX105 design from Ulstein Group. The vessel was delivered to shipowner Oceana Offshore on March 30, 2016, and on April 1, the vessel started on a six-year chart for Petrobras.  


Sembcorp Profit Halved as Clients Defer Projects

Revenue falls 30 pct; order book at S$9.7 billion. Singapore rig-builder Sembcorp Marine's quarterly profit halved as customers deferred projects, and it faces prolonged uncertainty on contracts from its biggest client, Sete Brasil, whose shareholders have approved its bankruptcy.






 
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