Petrobras Sa News

Brazilian President Luiz Inacio Lula da Silva said on Monday his government would promote recovery in the country's shipbuilding and oil and gas sectors, with more investment from state-run oil firm Petrobras SA  and development bank BNDES. "Petrobras will return to invest here in Rio de Janeiro and the BNDES will invest more in the country's productive sectors," he said during the inauguration of a health facility in Rio de Janeiro state. (Reuters - Reporting by Rodrigo Viga Gaier; Editing by Sarah Morland)

Samsung heavy industries Co Ltd has agreed to pay more than $75 million in criminal penalties to resolve a U.S. investigation of a scheme to pay millions of dollars in bribes to officials in Brazil, the U.S. Justice Department said on Friday.Samsung Heavy has admitted to paying about $20 million to a Brazilian intermediary between 2007 and 2013 knowing that parts of it would be paid as bribes to officials in Brazil's state-run oil company Petrobras SA for a contract which facilitated the sale of a drill ship by Samsung Heavy…

Knutsen NYK Offshore Tankers AS (KNOT; headquarters: Haugesund, Norway), of which NYK has a 50 percent share, has officially reached an agreement with J. After delivery to NYK, Dan Eagle is assigned to a five-year time-charter for Petróleo Brasileiro S.A. Since their respective deliveries from the shipyard in 2011 and 2012, Dan Cisne and Dan Sabia have each been engaged in a 12-year time-charter for Petrobras Transporte S.A., a wholly owned subsidiary of Petrobras SA., and these two shuttle tankers will continue to provide this service. This purchase will grow the NYK Group’s shuttle tanker fleet to 28 ships, and the group’s offshore business will resultantly expand with a focus on crude-oil transport from the North Sea and the waters off Brazil.

Up until 2011, Sevan Drilling was part of Sevan Marine, which builds FPSOs. In 2011 Sevan Drilling was separated from Sevan Marine becoming an independent company. Sevan Drilling was established by Sevan Marine in 2006 for the purpose of building state-of-the-art, ultra deepwater drilling rigs based on the Sevan 650 design, commonly known as the bucket design. Later the same year, Sevan Marine completed a private placement for the purpose of financing, in part, its drilling business, and an order for Sevan Driller was placed with China Ocean Shipping (Group) Company (COSCO) in 2007. Sevan Drilling owns and operates two rigs of the cylindrical Sevan design. Both rigs have long-term charter contracts with Petrobras in Brazil for deepwater and ultra-deepwater plays including the pre-salt.

million from repeat customers. The $23 million contracts for the upgrading and repair of jack-ups, Ensco 51 and Ensco 54 are from ENSCO Offshore Company (ENSCO), with whom Keppel has built two jack-ups in the last four years and carried out numerous repairs. Middle-Eastern client. ENSCO for repairs and new construction. ability to respond swiftly to their needs and to help them solve complex problems in good time. contracts between the two companies. contractors in the world. months. Both vessels are repaired in Singapore and will be re-deployed in the Asia Pacific region. construction and delivery of two gas compression modules for Dresser Rand. vessel which was completed one month ahead of schedule. quarter of 2003. capacity of a safety vessel for offshore drilling and workover rigs.

OMI Corporation of Stamford, Connecticut announced that it had agreed to sell the SETTEBELLO, its 1986 built single hull ultra large crude carrier to an affiliate of Petrobras S.A. for use in an offshore project. The Company will recognize a gain of approximately $3.2 million at the time it delivers the vessel, expected to be during the fourth quarter of 2004. The sale leaves the Company with all double hull vessels except for one single hull product carrier and two double sided handysize crude oil carriers.

Keppel Shipyard Ltd has entered into an agreement with Charter Development Limited Liability Company (CDC), a special purpose company of ABN Amro Bank’s Brazilian unit, for the hull conversion of a Floating Production Unit (FPU) for $174 million. Work includes marine conversion as well as the fabrication and integration of the internal turret on the 322, 446 dwt tanker, the VLCC Settebello. When completed, the turret, with 75 risers, will be the largest turret ever fabricated and installed in the world. To be named PETROBRAS 53 (P-53), the production unit will be completed in end 2006. The facility will then be towed to a CDC topside contractor yard in Brazil for installation and integration of the topside modules.

Keppel Shipyard Ltd (Keppel Shipyard), a unit of Keppel Corporation Limited through Keppel Offshore & Marine Ltd (Keppel O&M), has delivered FPSO Capixaba, with a conversion contract value of over S$90 million. The 13-month fast-track project is the sixth Floating Production Storage Offloading (FPSO/FSO) conversion project for Keppel Shipyard from Single Buoy Moorings (SBM), member of the SBM Offshore N.V. Group, since 2000. The work scope on the former Stena Congress includes installation and integration of topside modules; the fabrication and installation of the internal turret, flare tower, piperack and helideck; and installation of a hose reel at the stern for offloading to export vessels.

Keppel Shipyard, the marine unit of Keppel Corporation, has set a new benchmark for fast-track conversions of highly complex Floating Production Storage Offloading facilities (FPSO) with the delivery of FPSO Brazil to Single Buoy Moorings (SBM) Inc. Nelson Yeo, Keppel Shipyard’s Executive Director said, “Keppel Shipyard completed this urgent and exacting job in 12 months while the owners are carrying out the engineering specifications and procurement work concurrently. “This is certainly very challenging for both the shipyard and the owners. The scope of the conversion work on Brazil for Keppel is significantly larger than Espadarte FPSO, which Keppel Shipyard had set a record in 2000 as the most complex conversion completed in 10.5 months.