Llx News

Prumo Logistica SA , the Brazilian port operator controlled by U.S.-based EIG Global Energy Partners, agreed to sell 20 percent of its oil terminal at Brazil's Port of Açu to Germany's Oiltanking for $200 million, Prumo said on Thursday. Under the agreement Oiltanking will also manage the Port of Açu Oil Terminal, which has the capacity to transfer 1.2 million barrels a day of petroleum and can handle the largest oil tankers, known as very large crude carriers, or VLCCs, Prumo said in a statement. Oiltanking is a subsidiary of Marquard & Bahls, a family-owned company based in Hamburg. Prumo Logistica, formally known as LLX Logistica SA, was sold to EIG in 2013 as Brazilian tycoon Eike Batista's EBX oil, transportation, mining and energy group unraveled.

Brazilian tycoon Eike Batista agreed on Tuesday to transfer a 10.44% stake he has in port and logistics company Prumo Logística SA to sovereign wealth fund Mubadala Development Co PJSC. The transaction is expected to be completed during the third quarter, Prumo said in a securities filing after receiving a notification from Batista's office. Batista, who founded the company and originally named it LLX Logística SA, is divesting some of his holdings in an effort to renegotiate about $2 billion in debt with Mubadala. The filing did not give further details on the transaction. (Reporting by Guillermo Parra-Bernal; Editing by Jeffrey Benkoe)

After spending a day exploring the sprawling Açu Superport and Industrial Complex construction site far up the northeast coast of the state of Rio de Janeiro courtesy of LLX and OSX, Claudio Paschoa, Maritime Reporter’s Contributing Editor in Brazil, flew back to Rio for a conversation with Marcus Berto, LLX’s new CEO at the EBX Group headquarters in downtown Rio de Janeiro. “This is a not simply a port belonging to LLX. This is a port for Brazil,” he said. LLX is the logistics branch of the EBX Group, the company founded in March 2007 by Brazilian entrepreneur Eike Batista, born eying the strong demand for modern, efficient ports in Brazil.

Danilo Souza Baptista, OSX’s Director of Naval Construction, sat with MR Contributing Editor Claudio Paschoa at EBX Group’s new HQ in downtown Rio de Janeiro, in a meeting room overlooking Guanabara Bay with Sugar Loaf Mountain as a backdrop, to discuss its ambitious yet realistic vision to create one of the largest, most efficient shipyards in the Americas, as well as its Integrated Service Solution to the meet offshore O&G needs. OSX is a relatively new company, founded by the EBX Group in 2009. The EBX Group, is a holding composed of several companies active in different industries such as mining, oil & gas, logistics, real estate, among others.

EnQuest PLC, the largest UK independent production company in the UK North Sea, has reached a new North Sea safety milestone by recording five years free of Lost Time Incidents (LTIs) on drilling operations in the Thistle field. The LTI achievement covers a period of major operational activity which saw EnQuest bring Thistle drilling back online to drill its first new wells in 20 years. EnQuest’s drilling team, supported by a KCA Deutag drill crew, an Aker well services crew and a range of other offshore contractors have taken Thistle from a rig upgrade through to rig start up…

Newcastle-based facilities engineering company, Fabricom Offshore Services, announced that it has been awarded a major contract valued at more than £1million by EnQuest Britain Ltd, one of the UK’s leading independent oil and gas players. Fabricom is to support Aberdeen-based EnQuest in undertaking a significant programme of modifications and upgrades as part of a project to extend the operating life of the Thistle Alpha platform, which is located 275 miles north-north east of Aberdeen. The work is part of EnQuest’s Late Life Extension (LLX) strategy. To execute this work, Fabricom will use a team of engineers from its engineering office in Newcastle.

OSX, an EBX Group Company focused on offshore naval industry, received the Installation License for its Shipbuilding Unit, which will be installed at the Açu Superport Industrial Complex, in São João da Barra (RJ). The document was issued on June 22nd, 2011, approximately one year after the beginning of the environmental licensing process. OSX will commence construction of the largest shipyard of the Americas in the month of July, creating approximately 14,000 direct jobs; 10,000 of them during the shipyard´s operational phase and 4,000 during the implementation and construction phase. The Açu Shipbuilding Unit team will benefit from training and professional capacity building provided by the Naval Technology Institute (ITN).