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Petrobas News

14 Dec 2017

SolstadFarstad Bags Vessel Contracts

Solstad Farstad ASA (SolstadFarstad) entered a contract for the PSV, Far Solitaire, with Aker BP for a period of three months firm with further three months option, commencement of contract is mid-January 2018. In addition, Petrobas - Petróleo Brasileiro S.A has extended the present contract for AHTS BOS Topazio with 180 days to February 2019. Meanwhile, Farstad Supply AS, a wholly owned subsidiary of SolstadFarstad, has sold the AHTS Far Grip (1993 built, 14.389 BHP). The vessel was delivered to the new owner on December 12.

12 Jun 2017

Petrobras Says Platform Fire Briefly Halted Production

A fire on a platform belonging to Brazilian state oil giant Petroleo Brasileiro SA briefly halted oil and gas production late on Sunday, the company said, adding that there had been no injuries or damage.   The fire occurred in the Marlim field around 10:30 p.m. local time on Sunday and was put out four minutes later. Petrobras said on Monday that the accident may have been caused by a leak and would be investigated.   An explosion on Friday on the NS-32 drillship, operated by Odebrecht Oil and Gas for Petrobas and also located in the Marlim field, killed three workers. (Reporting by Marta Nogueira; Editing by Paul Simao)

30 Mar 2016

Mammoet Signs up for FPSO Module Integration

Photo: Mammoet

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 of the Petrobras P-76 FPSO (Floating Production, Storage and Offloading) vessel. Mammoet said both parties worked closely together over the past months in anticipation of the exact integration schedule which was dependent on delivery of the hull. With the hull delivery date now confirmed, Mammoet Brazil and CTTP76 will proceed with the project execution. Integration of the modules is scheduled to start in June or July 2016.

21 Apr 2015

Oil Majors Push Offshore Players for 30% Cuts

Tidewater, Inc.’s Dean Edward Taylor plows full steam ahead.

30%That’s the minimum level of capital expenditure cuts facing owners and operators of offshore rigs, vessels and various support services, as they scramble to keep equipment working and their heads above water during one of the worst oil downturns in 30 years. From a high of $108 per barrel in June of last year, prices plummeted roughly 60% as supply surpassed weakening demand, crashing in November to around $44 a barrel. The pricing collapse caught all sectors of the industry and financial markets by surprise, pulling down with it market valuations, quarterly earnings and day rates.

15 Sep 2014

'Aker Wayfarer' Wins Petrobas Subsea Contract

Aker Solutions' subsidiary Aker Oilfield Services (AKOFS) says it has won a contract worth US$465-million over five years from Petrobras to provide subsea intervention services offshore Brazil from the Aker Wayfarer vessel. The contract will start within the fourth quarter of 2016 and has a five-year option extension. AKOFS will at the end of September become part of Akastor, an oilfield services investment company that will be one of two companies formed as part of the announced separation of Aker Solutions. The Aker Wayfarer vessel will be outfitted at a yard in Norway to become a deepwater subsea equipment support vessel (SESV). It will have a fibre-rope deployment system…

29 Aug 2014

Brazil AHTS Contract Breakthrough for Havyard

Havyard says it is to deliver the ship design and equipment for four anchor handling tug supply (AHTS) vessels that are to be built and operated by the Brazilian shipping company and shipyard group Grupo CBO. The contract has been entered into by Havyard Design & Solutions, which is responsible for the development of the ship design and for integration and coordination of the equipment packages. The contract also includes deliveries from other business areas in Havyard Group, including Havyard IAS (integrated automation and alarm systems), PMS (Power Management System) and navigation and communications equipment from Havyard Power & Systems. The equipment package also contains equipment from other Norwegian and international suppliers.

08 Jul 2014

FPSO Contract Suspension Could Cost Petrobas US$15-bln

Profit at Petrobras, Brazil's state-led oil company, could be reduced by $15 billion between 2014 and 2018 if it had to suspend oil platform contracts with Holland's SBM Offshore NV, the company said in a securities filing. The potential reduction in profit is based on an estimate of the amount of lost oil and natural gas output and additional spending needed if Petrobras had to stop using the floating oil production platforms leased from SBM, it said in the Saturday filing. The estimate was made in response to a request by Brazil's Office of the Comptroller General (CGU), Petrobras said in the filing. The CGU is the Brazilian federal-government agency responsible for the protection of public property.

08 May 2014

Petrobas Board Member Complains of Inept Management

The uproar in Brazil over state-run oil company Petroleo Brasileiro SA's purchase of a refinery in Pasadena, Texas, is just "a drop in the ocean" of problems afflicting the company, a board member said on Tuesday. Concerns it paid too much for the refinery pale in comparison to the problems with the way the company has been managed since a 2010 capital increase, said Mauro Cunha, who represents minority shareholders on the board of the Rio de Janeiro-based company. Petrobras, as the company is known, has been struggling with management mistakes since 2010, when the government pressured it to raise as much as 120 billion reais ($58.3 billion) from the sale of new stock to investors, analysts say.

25 Apr 2014

Special Coupling Solution for Offshore Drives

The focus of this year’s product and performance presentation by Vulkan Couplings at the Sea Japan are the specially integrated marine drive solutions for offshore ships. Vulkan Couplings has become known for its drive solutions for drill ships. The latest project was the equipment of six drill ships, built by the Estaleiro Enseada do Paraguacu shipyard for the Brazilian Charterer PETROBAS. Vulkan Couplings supplied the highly flexible couplings for the Caterpillar MaK 16CM32 gensets and the electric motors CAT 3516 B…

19 Mar 2014

VULKAN Offers Special Coupling for Offshore Drives

Image: VULKAN

The focus of this year's product and performance presentation by VULKAN Couplings at the Sea Japan in Tokyo are the specially integrated marine drive solutions for offshore ships. The coupling manufacturer based in Herne, Germany, has been supplying in particular the growing Asian and South-American market with drive line components for many years. VULKAN Couplings have become internationally known for their drive solutions for drill ships. The latest, successful project was the equipment of six drill ships…

19 Mar 2014

Kongsberg Technology Chosen for 10 Petrobas Newbuilds

DP Controls: Image courtesy of Kongsberg Maritime

Kongsberg Maritime inform it has been contracted to deliver substantial technology packages for ten new pipelaying vessels ordered by Brazilian multinational energy corporation, Petrobras. In contracts valued approx. NOK 118 Million, the scope of supply includes Kongsberg Maritime's leading offshore vessel technology including Dynamic Positioning (DP), position reference systems, propulsion control and automation. Six 550-tonne laying tension capacity pipelayers will be built at IHC Merwede in The Netherlands for delivery in 2015 and 2016.

26 Feb 2014

Brazil Offshore Safety Issues May Affect Petrobas Production

Offshore drilling: Photo CCL

Reuters – Brazil 's state-run oil company Petroleo Brasileiro SA could face new production stoppages on platforms in the Campos Basin if it does not resolve lingering safety issues, the Folha de S. Paulo newspaper reported on Sunday. The company, best known as Petrobras, has improved safety standards in its offshore fields in the last two years but needs to improve "a lot"," a federal labor-law prosecutor, Mauricio Coentro, told the newspaper. If continuing problems are not resolved, platform shutdowns may be necessary, he added.

22 Nov 2013

Two Offshore Industry Contracts for Rolls-Royce

Petrobas Offshore Plant: Photo credit Roll-Royce

Rolls-Royce will supply Petrobras with advanced maintenance and repair services to support fifteen Rolls-Royce RB211-G62 industrial gas turbine power generation units which are installed on four Petrobras oil platforms operating in the petroleum rich, pre-salt Campos Basin. The four Petrobras platforms, which together can produce over 500,000 barrels of oil per day, or 25 per cent of Brazil's entire output, are reliant on nearly 375MW of Rolls-Royce generated power to maintain a consistently high production output.

28 Oct 2013

FPSO Start-ups Boost Petrobas Offshore Brazil Production

Oil output (oil plus natural gas liquids - NGL) from all of Petrobras' fields in Brazil averaged 1.979 million barrels per day (bpd) in September, which is 3.7% higher than the average output of the previous month (1.908 million bpd). Petrobas explain that this positive result was due to the startup of new wells on platforms FPSO Cidade de Itajaí (Santos Basin), P-53 and P-54 (Campos Basin) and FPSO Piranema (Sergipe Basin). In line with the planned schedule, the maintenance stoppages in September of P-26 and P-35, both in Marlim, were concluded, as well as the activities related to the upcoming stoppage of P-51, in Marlim Sul, and of the natural gas processing plant UPGN2 in Urucu, in UO-AM. The highlight of the month was the pre-salt output record of 326,800 bpd.

14 Oct 2013

Petrobas CEO Forbes' Top Global Leader Outside USA

Maria das Graças Foster.jpg

For the second year running Petrobras CEO, Maria das Graças Silva Foster, is ranked by the American magazine Fortune the most powerful female executive in the world, among an international list of business women from various industries. Graça Foster has topped the listings for female executives outside the United States. To prepare the global ranking of the Most Powerful Women in Business, Fortune selected a group of 50 candidates from various countries, such as England, Australia, Sweden, and Turkey.

25 Sep 2013

Huisman Brazil Receives First Order

Photo: Huisman

Huisman, one of the worldwide specialist in lifting, drilling and subsea solutions, has received a first order for their new production facility in Brazil. The new order includes three sets of five cranes, which will be manufactured as soon as construction of the Brazilian production facility is completed in 2014. The sets of cranes are scheduled for delivery between Q3 2015 and Q1 2017. The order includes three identical sets of cranes for the new build vessels Cassino, Curumim and Salinas.

19 Sep 2013

Petrobas to Beef Up IT Security After Alleged Hacking

Petrobras will invest R$ 4-billion in information technology and security in 2013
 demonstrating the company's commitment to protecting its data. Millions of e-mails were pre-emptively blocked iin the span of a recent month. The president of Petrobras, Maria das Graças Silva Foster said at a public hearing at the Senate, that the Company will invest R$ 4 billion in 2013 and R$ 21.2 billion between 2013-2017 in Information Technology and Telecommunications. During the joint hearing with the Parliamentary Commission for the Espionage Inquiry and the Economic Affairs and Foreign Relations committees in the Senate, the President explained that the company had constantly monitored and protected its information. As an example, she cited the quantity of emails that are preemptively blocked.

18 Sep 2013

LR Class New Brazil-bound Damen PSV's

World Diamond: Photo courtesy of Lloyds Register

'World Diamond', the first of a series of six uniquely designed platform supply vessels (PSV), was christened recently by the ship’s godmother, Princess Margareta of Romania, at Damen Shipyards’ Galati in Romania. Each of these PSVs is classed by Lloyd’s Register and is of 3,300 dwt with a breadth of 16.2 metres and draught of 6.5 metres. The remaining five PSVs will be delivered to their owner, Norwegian offshore support company, World Wide Supply AS (WWS), later this year. Four of the vessels will support the oil multinational Petrobas in offshore Brazil from next year…

16 Jul 2013

Petrobas Signs for US$1.5-Billion Japanese Bank LOC

The lines of credit are for Petrobras to purchase equipment & services from Japanese companies in Brazil & abroad, based on an earlier MOU that established a strategic partnership between JBIC and Petrobras. Petrobras has signed two financing programs with the Japan Bank for International Cooperation - JBIC for the offer of two lines of credit amounting to US$ 1.5 billion. Mizuho Bank, Ltd. is the agent bank for these programs and the lines of credit will be 60% financed by JBIC and 40% by private Japanese financial institutions, which are insured by Nippon Export and Investment Insurance (NEXI). Petrobras say that they have built up a close cooperative relationshiop over many years with the Japan Bank for International Cooperation, with a number of joint operations already implemented.

01 Jul 2013

Offshore Brazil PLSV's: Huge Petrobas Contract for SNM

An IHC PLSV: Image courtesy of IHC Caland

Seadrill & SapuraKencana Petroleum Berhad joint entity Sapura Navegação Marítima S.A., Brazil (SNM) awarded US$2.7-billion Petrobas contract to charter & operated 3 newbuild Pipe Laying Support Vessels (PLSV's). The contract is for a period of eight years with an extension option for an additional eight years and is expected to commence by the second quarter of 2016. Total revenue potential for the contract is expected to be US$2.7 billion. The three vessels will be constructed in Holland with IHC Caland and will have the same specifications as SNM's existing orders with the yard.

19 Jun 2013

New FPSO Heading for Station Offshore Brazil

Petrobas's FPSO P-63 has left the Quip/Honório Bicalho shipyard in the city of Rio Grande (RS) after the modules were integrated and the platform commissioned. With a capacity to process 140,000 barrels of oil/day and compress one million m3 of gas /day, the unit is going to the Papa-Terra field in the post-salt Campos Basin, operated by Petrobras (62.5%) in partnership with Chevron (37.5%). The P-63 was converted into an FPSO from the tanker BW Nisa, at the Cosco Shipyard in China. The unit arrived in Brazil in January this year for its final construction stages. Altogether 23 process plant modules were installed and interconnected.

07 Jun 2013

Petrobas FPSO Goes Onstream Offshore Brazil

FPSO 'Cidade de Paraty' went onstream to begin commercial production in the Santos Basin Lula Nordeste pre-salt. Cidade de Paraty is a FPSO platform (Floating, Production, Storage and Offloading) vessel anchored at a water depth of 2,120 meters, some 300 km off the coast and has the capacity to process up to 120,000 barrels of oil and 5 million cubic meters of gas per day. The 7-LL-11-RJS, the first well to be connected to the platform, has the potential to produce 25,000 barrels per day. However, output in the first month of operation will be restricted to 13,000 barrels of oil per day, and ramped up as natural gas processing and reinjection systems are commissioned. The Lula Nordeste field produces high quality, medium density (29º API) crude which will be taken off by tankers.

30 May 2013

Joe Biden Impressed by Huge Petrobas R&D Center

U.S. Vice-President Joe Biden: Official photograph CCL

Petrobras CEO welcomed U.S. Vice-President and diplomats to the company's Research Center (Cenpes) in Rio de Janeiro. The company's CEO, Maria das Graças Silva Foster, welcomed the U.S. vice-president, Joe Biden, along with the US ambassador to Brazil, Thomas Shannon, and the US consul general in Rio de Janeiro, John Creamer. The group held a 30-minute closed meeting, which was also attended by Cenpes executive manager Marcos Assayag, advisor to the CEO André Garcez Ghirardi and Brazilian Foreign Affairs Ministry (Itamaraty) representative William Santos.