Brazil Offshore Turbine Engine Maintenance Contract for 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
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
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
AKOFS Offshore Gets Contract Extension from Petrobras
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
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
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.
Statoil Acquires 25% Stake in Brazil's Roncador
Statoil ASA and Petróleo Brasileiro S.A. (Petrobras) have agreed that Statoil will acquire a 25 percent interest in Roncador, a large oil field in the Campos Basin in Brazil. The transaction nearly triples Statoil’s production in Brazil, with attractive break-evens and potential for additional value creation for both parties through the application of Statoil’s expertise in improved oil recovery (IOR)
Rowan Buys Two Jack-up Rigs from Petrobras
Offshore driller Rowan Companies plc said it has purchased two LeTourneau Super 116E jack-up rigs, the P-59 and P-60, both delivered new into service in 2013, in a public auction from a subsidiary of Petroleo Brasileiro S.A. for $38.5 million per unit. As reported in May 2017, Rowan was the high bidder in a Petrobras public auction with a bid price of $30 million per rig. While the high bid was not accepted by Petrobras, after negotiations, both parties agreed to the revised price.
Four Japanese Companies Join Modec in Sepia FPSO Deal
Four Japanese companies will invest in a new company established by compatriot Modec with an aim to provide a floating, production, storage and offloading (FPSO) unit for the Petrobras-operated Sepia field offshore Brazil. "MODEC, Mitsui, Mitsui O.S.K. Lines, Marubeni Corporation and Mitsui Engineering & Shipbuilding Co have agreed to jointly invest in a long-term charter business currently promoted by MODEC, for providing a FPSO in the Sepia Area
Petrobras: Fire Contained on Platform in Lula Field
Brazil's state-controlled oil company Petróleo Brasileiro said on Tuesday a fire at a platform in the Santos Basin was contained and did not cause injuries or environmental damage. Production there remains halted until safety tests can be completed, the company said. The fire was discovered early on Tuesday on a floating production storage and offloading (FPSO) unit in the Lula Field. The unit is operated by Petrobras in consortium with Royal Dutch Shell and Petrogal .
Seadrill to Seek Bankruptcy Protection
Once the biggest offshore rig firm by market value, Seadrill plans to begin its Chapter 11 debt restructuring in the coming weeks, WSJ reported. The Bermuda-based company, controlled by Norwegian shipping magnate John Fredriksen, has a plan to restructure around $10 billion in debt. Seadrill, one of the world’s largest offshore drilling companies, operates a fleet of 68 rigs and drillships for customers including Total SA, Petrobras and Exxon Mobil Corp
Brazil to Stop Beaching Ships in South Asia
Brazilian authorities plan to implement legislation to help prevent that vessels owned by exporters such as Petrobras and Vale wind up on South Asia's beaching yards, Bloomberg reported. The report said that earlier this month, authorities decided to develop a legal framework to ensure former Brazilian ships don’t end up with recyclers notorious for using dirty and dangerous methods, federal environmental watchdog Ibama said by email.
Catcher FPSO to Add about $200 mln in EBITDA/year
BW Offshore CEO Carl Arnet in FPSO (floating production, storage and offloading) firm BW Offshore Ltd says the Catcher field project in the British North Sea will add about $200 mln in annual EBITDA to its results when it comes on stream in December 2017. ** BW Offshore reported an EBITDA of $82.1 million in Q3, beating a $72 million average forecast by analysts in a Reuters poll ** CEO says there is more activity among potential customers
Petrobras Seeks USD 6.8bln Valuation for New IPO
Brazilian state-run oil company Petroleo Brasileiro SA (Petrobras)will seek a valuation of up to 22 billion reais ($6.8 billion) for its fuel distribution unit in what is expected to be Brazil’s biggest IPO of the year, reported Reuters. The Brazilian energy giant intends to raise around $2.3 billion or $7.5 billion reais at the high end of the price range of 15 reais-19 reais per share. Petrobras is expected to offer between 25% and 40% of its stake in BR Distribuidora
SBM Offshore to Pay $238 Mln in US Bribery Case
SBM Offshore NV, a Netherlands-based maker of offshore oil drilling equipment, and its U.S. subsidiary, SBM Offshore USA Inc, agreed to settle criminal charges of bribing officials in five countries and pay a $238 million penalty, the U.S. Justice Department said on Wednesday. The companies agreed to settle charges related to schemes lasting more than a decade involving bribery of foreign officials in Brazil, Angola, Equatorial Guinea, Kazakhstan and Iraq
First Oil and Contract Start-up for Libra FPSO
Teekay Offshore Partners L.P. announced that its jointly owned floating production storage and offloading (FPSO) unit, the FPSO Pioneiro de Libra (Libra), has achieved first oil and commenced its 12-year charter contract with a group of international oil companies, including Petrobras, Total, Shell, CNPC and CNOOC Limited, on the Libra oil field where it will perform early well tests. The Libra FPSO unit is the first unit to produce oil on the giant Libra block, which covers more than 1
BSEE, USCG Investigating GoM Rig Fatality
The Bureau of Safety and Environmental Enforcement (BSEE) and U.S. Coast Guard (USCG) are investigating the fatality of a worker on board the Petrobras 10,000 drillship in the Gulf of Mexico. Petrobras America Inc. reported the fatality on board the Transocean Ltd. owned drillship at about 4:45 a.m., December 2, 2017. The rig was in an area of the Gulf known as Walker Ridge 469, about 172 miles south of Port Fourchon, La.
Keppel Secures $130 mln in Projects
Keppel Offshore & Marine (Keppel O&M) has, through its wholly-owned subsidiaries, Keppel FELS Brasil S.A. and Keppel Shipyard Ltd (Keppel Shipyard), secured projects from repeat customers, Petrobras and SOFEC Inc. (SOFEC) respectively, worth a combined value of approximately S$130 million. Keppel FELS Brasil's BrasFELS shipyard has secured hull carry over work for the Floating Production Storage and Offloading (FPSO) unit P-69 from Tupi BV (a consortium formed by Petrobras
World’s Largest Crane Vessel under Development
Holding OOS International Group B.V. said it is working with China Merchants Industry Holdings (CMIH) to design and build what will be the world’s largest semi-submersible crane vessel (SSCV), OOS Zeelandia. OOS unveiled the OOS Zeelandia during the EU-China Blue Industry Cooperation Forum in Shenzhen on December 8, but revealed the basic design has been in progress since a memorandum of understanding (MoU) was signed with the China Merchants Group subsidiary CMIH in July.
Exxon, Petrobras Form Alliance to Develop Oil, Gas Projects
Exxon Mobil Corp and Petróleo Brasileiro SA, Brazil's state-controlled oil producer also known as Petrobras, said on Thursday they had formed an alliance to develop energy projects around the world. The deal, which was signed in Rio de Janeiro, will have the companies study ways they can cooperate on exploration, production and chemical ventures inside and outside of Brazil. The deal comes two months after Exxon and Petrobras were jointly awarded six oil-rich blocks in
Sete Brasil Arbitration Favors Petrobras
Petróleo Brasileiro SA informs that an arbitration award favorable to the company has rejected a request made by an investor of Sete Brasil Participações SA - in judicial reorganization. "Petrobras, pursuant to CVM Instruction 358/2002, informs about an arbitration award, favorable to the company, which rejected a request made by an investor of Sete Brasil Participações SA, in judicial reorganization