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Friday, December 15, 2017

Gas Brasiliano Distribuidora Sa News

Eni Sells Gas Brasiliano Distribuidora

Eni has completed the sale of its 100% participation interest in Gas Brasiliano Distribuidora S.A. ("GBD"), a company that markets and distributes natural gas in the State of São Paulo - Brazil, to Petróleo Brasileiro S.A. ("Petrobras"), through its subsidiary Petrobras Gás S.A. ("Gaspetro"), after receiving the necessary antitrust and regulatory approvals. The total consideration for the transaction of approximately US$ 271 million is subject to a final post-closing adjustment based on net debt and working capital. GBD holds the concession to undertake gas distribution activities in the Northwest region of the State of São Paulo, an area covering 375 municipalities, supplying gas to the industrial, commercial, residential, and transportation sectors.

Petrobras Seeks USD 6.8bln Valuation for New IPO

Photo: Petroleo Brasileiro SA

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. The offering…

Acergy Gets $700m from Total for Angola Offshore Work

Acergy SA received a $700mcontract from Total SA for work on the development of Pazlor oil field offshore from Angola. Acergy said Wednesday it received the contract as part of a $1.8b award to a consortium with French oil services company Technip SA Acergy's portion of the project includes the engineering, procurement, fabrication and installation of 55 kilometers of water-injection lines, gas-injection and gas-exports lines, umbilicals and more than 20 rigid jumpers among others tasks. The company said engineering will begin immediately; offshore installation is scheduled to begin in mid-2010. Acergy, a Sunbury-on-Thames, England, engineering and contruction contractor for the offshore oil and gas industry, had 2006 revenue of $2.12b.

Report: Repsol YPF, Gas Natural to Tender Contract for Five LNG Ships

Repsol YPF SA and its affiliate Gas Natural SDG SA plan shortly to put out for tender a contract to build a fleet of five ships for transporting liquid natural gas, Cinco Dias reported, citing unnamed maritime sector sources. According to the newspaper, the 25-year contract will be worth some one billion Euro and is the largest ever gas transport contract awarded in Spain and one of the biggest in the world. Spanish shipbuilders Maritima del Norte and Elcano are expected to bid for the contract as well as Norway's Knutsen. (Source: www.forbes.com)

Iran to Award Gas Contracts

Shell, Total SA and Repsol YPF SA will soon sign contracts with Iran to develop two phases of the Islamic republic's offshore South Pars gas field, Forbes reported. The contracts concern phases 11 and 13 of South Pars, with the production of liquefied natural gas (LNG) scheduled for export. Total will be working on phase 11 in a project called Pars LNG, while Shell and Repsol will be working on phase 13 under the name Persian LNG. The firms will be operating jointly with the National Iranian Oil Co. Investment for each phase has been estimated at between $1.2 and $1.5 billion. (Source: Forbes)

ONGC-Petrobras Make a Deal

According to www.business-standard.com, Oil and Natural Gas Corporation (ONGC) has signed a deal with Brazil’s Petrobras for exchange of stakes in oil blocks in each other’s countries. ONGC will reportedly offer Petroleo Brasileiro SA (Petrobras) stake in its deepwater oil and gas block in the Krishna-Godavari basin, in which it discovered gas reserves estimated at 5-15 trillion cubic feet. In return, Petrobras – according to the report – will offer ONGC Videsh Ltd (OVL) stake in oil blocks in Brazil.

Daewoo Shipbuilding Wins 730m Orders from Belgium, Greece

According to sources, Daewoo Shipbuilding & Marine Engineering Co said it has won 730m in orders from firms in Belgium and Greece. The shipbuilder said it has secured an order from Exmar Marine NV of Belgium for two LNG regasification vessels and a contract from Gulf Marine Management SA of Greece to build two very large gas carriers. It did not disclose details of each contract. The deals take its order book to 5.22 bln usd or 25 ships, including nine liquefied natural gas (LNG) carriers.

J. Ray McDermott Awarded Contract

According to reports, J. Ray McDermott Eastern Hemisphere Ltd. (J. Ray), a subsidiary of J. Ray McDermott, S.A., was awarded a contract by ExxonMobil Middle East Gas Marketing Ltd. to provide engineering, procurement, construction and installation (EPCI) services for two wellhead platforms and pipelines, as part of the Al Khaleej Gas (AKG) Development Phase 2 Offshore Expansion Project.

BP Finds Major Gas Field

According to a Bloomberg report, BP Plc discovered a gas deposit in the Caspian Sea that may double production from the largest natural gas development in Azerbaijan. BP shares rose 2.8 percent, the most in a month, in London trading after the company announcement. With the latest discovery, the field may be able to pump enough gas to supply Belgium and Luxembourg together. BP and partners including StatoilHydro ASA plan to spend $4.2b on the site's first stage, which started pumping fuel to Turkey in July, easing Europe's dependence on supplies from Russia's OAO Gazprom. The announcement is the second ``major'' discovery within a week after Petroleo Brasileiro SA said an offshore field could be Brazil's biggest ever oil find.

Iran Eyes Potential LNG Deals

Iran's National Iranian Oil Co. (NIO.YY) hopes to finalize deals with oil majors Total SA (TOT), Royal Dutch Shell PLC (RDSB.LN) and Repsol YPF SA (REP) towards the end of March to develop phase 11 and 13 of the country's giant South Pars gas field. Albawaba.com reports that South Pars Oil and Gas Co. would sign the contracts on the two phases sometime this week. In 2004, NIOC signed a framework deal with Total for the upstream development of phase 11 to develop liquefied natural gas in the Pars LNG project. Two LNG trains would produce 10 million metric tons annually and investment would be between $1.2 billion to $1.4 billion. NIOC also signed a similar framework deal in 2004 with Royal Dutch Shell and Repsol to form the Persian LNG production company…

Seacor Sells Ships, Stake in Mexican Marine Services Company

According to reports, Houston-based marine services company Seacor Holdings Inc. on Monday said it has sold five vessels and its 40 percent stake in Maritime Mexicana SA de CV to diversified transportation company Grupo TMM SA for $57 million. Seacor, which serves the offshore oil and gas industry, said the five ships are working under time-charter contracts supporting drilling activity in the Gulf of Mexico. Mexico's Grupo TMM has flagged the ships as Mexican. Maritime Mexicana provides marine services along Mexico's Gulf Coast. Shares of Seacor dropped $1 to close at $74.52, while American depositary shares of Grupo TMM fell 10 cents to close at $4.40 on the New York Stock Exchange. Source: AP

Seabulk Offshore S.A. Earns ISO 9002 Certification

Seabulk International, Inc. announced that its subsidiary, Seabulk Offshore S.A., (SOSA), which is already ISM-certified, has also successfully passed the Bureau Veritas annual audit for renewal of its certification as an ISO 9002-certified company. SOSA operates a fleet of 38 offshore energy support vessels in West Africa, South America and the Caribbean. activities in the deepwater market off the coasts of Nigeria, Angola, Gabon, Equatorial Guinea, Congo and Cameroon. support vessels with a fleet of 143 workboats in nearly all of the world's major offshore markets. Two other subsidiaries -- Seabulk Towing, with 31 vessels in seven southeastern U.S. American Waterways Operators' Responsible Carrier Program, an ISM Code- equivalent safety management system for the towing industry.

Exxon, Shell Lose Nigerian Field Access

Chevron Corp. and Exxon Mobil lost an auction for Nigeria's most promising oil and gas fields last year to companies controlled by South Korea. In Venezuela, Royal Dutch Shell's bid to develop an offshore gas deposit collapsed when Brazil's state oil company stepped in. The world's biggest publicly traded oil producers are losing reserves to state-run companies willing to pay higher prices for energy needed to fuel growing economies. Petroleo Brasileiro SA, China's Cnooc Ltd. and India's Oil & Natural Gas Corp. have all bought reserves in the past year. The increasing competition for oil and gas fields is driving up costs, hurting corporate profits, while bolstering crude oil prices by inflating the cost of production.

Mitsui & Co., Petrobras to Sign MOU

Mitsui & Co., Ltd., reached an agreement with Petrobras (Petroleo Brasileiro S.A.) to jointly carry out a feasibility study for promoting the production of bio-ethanol and related products in Brazil and for the marketing of such into the international market. The Memorandum was signed on April 10. Bio-ethanol is deemed to be an effective renewable fuel for the purpose of achieving the goals stipulated in the Kyoto Protocol, reduction of Green House Gas. Brazil produces 35% of all world's bio-ethanol and exports over 2 million kiloliters.

Stolt Offshore Announces Covenant Waiver Extension

Stolt Offshore S.A. has obtained an extension from December 15, 2003 until April 30, 2004 of the waiver of banking covenants. Stolt Offshore continues discussions with its lenders towards a long-term agreement. Stolt Offshore is a leading offshore contractor to the oil and gas industry, specialising in technologically sophisticated deepwater engineering, flowline and pipeline lay, construction, inspection and maintenance services. The Company operates in Europe, the Middle East, West Africa, Asia Pacific, and the Americas.

Repsol-YPF Ships LNG to U.S.

Repsol-YPF SA, the Spanish-Argentine oil and energy company, shipped 135,000 cu. m. of liquid natural gas (LNG) to a U.S. regasification plant to be processed by Norwegian energy company Statoil ASA. Statoil bought capacity rights at the regasification plant in Cove Point, Md., last year to gain access to the growing LNG market in the U.S.

Stolt-Nielsen Reports Talks with Lenders Continuing

Stolt-Nielsen S.A. ( said that while the waivers of covenant defaults granted by its primary lenders expired today, the Company and its lenders remain in constructive discussions aimed at establishing longer-term waivers. "We continue to work closely with our primary lenders toward longer-term waivers that will give us the necessary time to allow us to develop a sensible financial restructuring plan," said Niels G. Stolt-Nielsen, Chief Executive Officer of SNSA. About Stolt-Nielsen S.A. Stolt-Nielsen S.A. is one of the world's leading providers of transportation services for bulk liquid chemicals, edible oils, acids, and other specialty liquids. The Company, through its parcel tanker, tank container, terminal, rail and barge services, provides integrated transportation for its customers.

Second Innings For SA

The Salvage Association is staging a comeback. Having been acquired by British Maritime Technologies in March last year, the SA has now been revamped and relaunched. In an attempt to transform itself from a not-for-profit organisation into one that can survive in a commercial world, the new SA has announced an expansion of its services into all maritime sectors. In addition to traditional hull and machinery surveys, the SA is now offering a whole host of services, including litigation support and expert witness work. The relaunch was announced at a well-attended reception at the Baltic Exchange in London last week. By far the most energetic response to the SA plans came from the legal contingent following the announcement of a new legal fees collection service for lawyers.

Stolt Offshore Announces $80M Contract

Stolt Offshore S.A. announced today the award of a contract, valued at approximately $80 million, from BG International Limited for the installation of about 90km of 24-in. diameter gas transportation pipeline and an associated 12-in. diameter infield flowline and well control umbilical. The gas transportation pipeline will take gas from the Dolphin Platform off the East coast of Trinidad to the Beachfield onshore facility. Offshore installation will be in the second half of this year. Quinn Hébert, President, Stolt Offshore North Americas Region, said, "We welcome this contract award for pipelay work in Trinidad, an increasingly important market for us and one in which we are committed to maximise the local content of our projects wherever possible.

Stolt-Nielsen to Release 2Q Results

Stolt-Nielsen S.A. will release its second quarter results on Thursday, July 10th, 2003. A conference call will be held to discuss the earnings and review of business operations on Thursday, July 10th, 2003. The date for release of second quarter 2003 results has been delayed to permit Stolt Offshore S.A., a subsidiary of Stolt-Nielsen S.A., to discuss the major items of the Stolt Offshore S.A. Blueprint for financial recovery during Stolt Offshore S.A. investor conference call.

KMSS Seals Brazilian Contracts

Kongsberg Maritime Ship Systems (KMSS) has taken orders to provide over $3 million worth of services and equipment to Petrobras and Metalnave SA, both based in Brazil. KMSS products are also set to be displayed at this years World Petroleum Expo, to be held in Rio this September. KMSS will supply Autrocargo cargo monitoring systems for the Petrobras P-43 and P-48 Floating Production Storage and Offloading Vessels (FPSO’s), currently under construction in Singapore and Brazil and bound for the Barracuda and Caratinga field developments. Petrobras has 11 FPSO’s in operation and under construction, 8 of which have been fitted out with KMSS systems.

Stolt Offshore S.A. Lowers 2002 Guidances

Stolt Offshore S.A. of Mexico. about breakeven. to retire from his position as CEO effective immediately. Vossier will continue to serve as a member of the Board. The Board of Directors has commenced a search for a new CEO and appointed on an interim basis as CEO Niels G. Stolt-Nielsen, a member of the Board since 1999 and currently also CEO of Stolt Offshore's parent company, Stolt-Nielsen S.A. Operational problems have been experienced mainly on three projects. forecasting higher than expected fabrication and installation costs. The company has also seen cost over-runs on the Burullus Scarab and Saffron project in Egypt. defective and also difficulties with a nominated sub-contractor requiring additional engineering, management and supervision costs. pipeline burial problems.

Shell, Total Sign Accord to Sell LNG

Royal Dutch Shell Plc, Europe's second-biggest oil company, and Total SA signed an initial accord to sell as much as 2 million metric tons a year of liquefied natural gas to Gujarat State Petroleum Corp., as reported by Bloomberg. As much as 500,000 metric tons a year of the gas will be supplied from the Gorgon LNG venture in Western Australia. Deliveries may start in 2010. Shell owns 25 percent of the Chevron Corp.-operated Gorgon venture, which so far has initial accords to sell LNG to customers in Japan and Mexico. Shell hasn't specified where the rest of the LNG volumes it will supply to India will come from, or how many years the agreement will last. (Source: Bloomberg)

Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

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