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 . Reporting by Marta Nogueira
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, off the coast of Brazil," said a press release. These companies have entered into related agreements for the FPSO project on January 9, 2018.
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. Rowan sad it intends to mobilize the jack-ups to the Middle East from their current location in Brazil in late first quarter 2018. Tom Burke, President and Chief Executive Officer, said, “We consider this purchase an opportunistic investment, made near a cyclical low, at a highly attractive price.
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, 2012 that ordered the shutdown of the activities of Transocean Brasil Ltda (Transocean). The injunction stems from the Public-Interest Civil Action filed by the Federal Prosecution Office in the Federal Courts of the state of Rio de Janeiro against Chevron Brasil Upstream Frade Ltda (Chevron)…
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.
Petrobras Selects Platform Design
Petrobras have selected an Aker Kvaerner design for the hull of its new semisubmersible production platform to be located offshore Brazil, at the Marlim Sul deep water field development. The design is a copy of the P-51 semisubmersible platform, developed by Aker Kvaerner for Petrobras in 2002. P-56 will be the third semisubmersible platform for Petrobras of this design. The new contract covers the additional licence as well as an option for utilizing technical assistance from Aker Kvaerner during the project.
Petrobras CEO Defends Company's Honor
The top executive of Brazilian state oil giant Petrobras on Tuesday defended his company's acceptance of an industry achievement award despite suffering the loss of the world's largest deepwater oil rig in March. Petrobras president and CEO Philippe Reichstul dedicated the 2001 Offshore Technology Conference Distinguished Award for Companies and Organizations to the 11 workers who died when two explosions rocked the P-36 rig on March 15. Reichstul said Petrobras accepted the award because it recognizes the company's advances in subsea production systems, not the drilling platform proper. The subsea systems were not damaged in the sinking, he said. "We've been amazed by the way everything is impeccable subsea," Reichstul said at the 2001 Offshore Technology Conference (OTC) yesterday.
Rigs Back on After New Unexplained Brazil Oil Spill
Petrobras put 12 offshore oil rigs back into operation on May 26 following a stoppage on two days earlier that was due to a second unexplained oil spill in a week, officials said. Petrobras resumed operations after concluding the oil in the slick was different to that produced at the rigs, a Petrobras spokesman said. "All rigs, underwater pipelines and systems are in perfect order," the spokesman said. Petrobras, which has experienced a series of oil spills in the past two years, has said production losses from the stoppage, which occurred in the northern zone of the Campos oil field, were 120,000 bpd - nearly nine percent of Brazil's overall daily output. Natural gas output losses were 830,000 cubic meters a day. A week earlier, a similar stoppage occurred in the same area.
First Jones-Act Purpose-Built Shuttle-Tanker
The next MTS Houston Section luncheon will be held on April 28, 2011 and will feature a presentation by Carlos Ferraz Mastrangelo with Petrobras America. Mr. Mastrangelo will be discussing Petrobras’s decision to use a shuttle-tanker for its oil export system at the Cascade and Chinook developments. While the combination of shuttle-tanker and FPSO is common in the North Sea, Brazil and other parts of the world, it is a first in the U.S. Gulf of Mexico. Despite the impressive pipeline infrastructure currently available in the U.S. Gulf, none of it reaches as far as the location of the Cascade and Chinook fields, at 160 miles south of the Louisiana coast, in the deep waters of the Walker Ridge quadrant.
Petrobras Probe Points to Pension Fund
Clarification: This story has been updated to include the full name a company which is under investigation for involvement in a corruption scandal with Petrobras. The name of the Brazilian company is UTC Engenharia, not UTC as initially reported. There are several global companies known as UTC, and only the Brazilian firm UTC Engenharia is implicated. Brazil's state-run oil company Petrobras on Monday said a growing corruption scandal may implicate its employee pension fund and has led to a freeze on payments to 23 contractors allegedly involved in the scheme. Petros, the 66 billion real ($24 billion) employee-pension fund of Petroleo Brasileiro SA, as Petrobras is formally known, was singled out by an internal investigation, Petrobras said in a statement.
Dyneema for Modu Mooring Lines In Brazil
Brazilian oil giant Petrobras has specified ultra strong, lightweight Dyneema fibers for a complete set of mooring ropes for a semi-submersible mobile offshore drilling unit (MODU). Headquartered in Rio de Janeiro, Petrobras has substantial interests in deepwater exploration. Petrobras specifically asked for the ropes to be made with SK78 grade of UHMWPE (ultra high molecular weight polyethylene) fibers from DSM Dyneema for its high strength at low weight properties. SK78 grade…
Offshore Rig Gas Leak Kills Two
Two Brazilian maintenance workers died as a result of a toxic gas leak at an offshore oil rig operated by the state oil firm Petrobras. "The workers died when doing maintenance work on a drainage tank at the B-37 platform on the Marlim block in the Campos basin on Wednesday evening," said a Petrobras spokesman, adding that the workers were employees of Ultratec engineering firm. He said it was yet unclear how the leak had occurred and what gas caused the deaths. There were no other casualties and there was no damage to the platform. "The leak was stopped at the same moment on Wednesday. A Petrobras commission is investigating the case." Campos Basin accounts for nearly 80 percent of Brazil's overall crude oil output.
Petrobras Standardizes on Intergraph 3D Technology
The world’s eighth largest oil company and a longtime Intergraph customer, Petrobras will completely adopt SmartPlant® 3D modeling and visualization, engineering and schematics, information and materials management, and project controls solutions to enable Petrobras to develop, operate and maintain its fixed offshore drilling platforms, semi-submersibles and FPSOs. Petrobras has already used Intergraph solutions for 10 FPSOs, four semisubmersible floating production platforms, one gas platform and one re-pumping platform. Sisgraph, Intergraph’s Brazil-based distribution partner, will continue to support Intergraph offshore engineering solutions for Petrobras.
Petrobras Clarification on Bribe Payment Allegation
The company established an Internal Investigation Commission on February 13, 2014, the same day it became aware of the news about the alleged payment of bribes by SBM to Petrobras employees. The Commission’s findings, disclosed on March 31, 2014, based on work done within its regulatory scope, were that it did not find any facts or documents proving any improper payments made to Petrobras employees. On April 2, 2014, SBM informed the markets that it had also not found any evidence of improper payments.
SapuraKencana Operations in Brazil Grows
SapuraKencana Petroleum Berhad's (“SapuraKencana”) presence in Brazil continues to grow after entering the market with its first pipelaying support vessel (“PLSV”), Sapura Diamante, on June 28, 2014. On 14 February 2016, its latest PLSV, Sapura Jade commenced work with Petróleo Brasileiro S.A (“Petrobras”) on schedule in Brazil. SapuraKencana’s offshore operations are being executed in Brazil for Petrobras by its Brazilian joint venture company Sapura Navegacao Maritima (“SNM”), a 50:50 venture with offshore drilling company Seadrill Ltd.
Brazil Onshore Assets for Sale produce 2% of Output
Brazil's state-run oil company Petroleo Brasileiro SA said on Friday it plans to sell its rights to 104 onshore oil and gas concessions, part of efforts to raise cash and focus increasingly scarce capital on more profitable offshore assets. The company, known as Petrobras, said in a securities filing that 98 of the areas are producing fields. Oil output from those areas is about 35,000 barrels a day, or less than 2 percent of the company's petroleum output and less than some single wells in Petrobras' giant offshore Lula field.
Petrobras Cuts Spending, Quarter Profits Fall 19%
Brazil's state-run oil company Petrobras moved to check years of missed targets, soaring costs and rising debt by scaling back near-term investments and setting a limit on long-term growth. Petroleo Brasileiro SA, as Petrobras is formally known, cut its five-year investment outlook for the 2014-2018 period to $221 billion, 6.8 percent less than its previous 2013-2017 plan, after reporting a 19 percent drop in fourth-quarter profit late on Tuesday. The company said production would still more than double to 5.2 million barrels of oil and natural gas a day (bpd) in 2020…
Petrobas to Beef Up IT Security After Alleged Hacking
Petrobras will invest R$ 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.
Brazil Senate Examining Petrobras Scandal
Brazil's Senate opened an inquiry on Wednesday into alleged corruption and mismanagement at state-run oil company Petroleo Brasileiro SA, a probe that could complicate President Dilma Rousseff's bid for reelection in October. A panel of senators will look into the costly purchase of a refinery in Pasadena, Texas, for which critics say Petrobras paid 20 times the market value. The senators will also probe allegations that Petrobras officials took bribes in exchange for steering contracts to SBM Offshore NV…
Probe Into Rig Sinking Begins
The head of Brazil's state oil giant Petrobras said on Tuesday that a European company would monitor a probe into the cause of an accident that sank Petrobras' biggest oil rig and killed 11 earlier this month. Yet again, Petrobras President Henri Philippe Reichstul rebuffed accusations of negligence by the company's top management, but pledged to punish those responsible for the blasts that destroyed the Reichstul said in his testimony in the Senate that Norwegian classification agency Det Norske Veritas -- the world's biggest body responsible for surveying and verifying seaworthiness -- would provide an independent report on the investigation into the causes of the accident. "For us, it is a matter of honor...
Petrobras Sends 20 Ships To Monitor Oil Spill
Petrobras moved about 200 men and 20 ships to monitor oil spilled offshore after the world's biggest rig was rocked by blasts and sank earlier this month. On March 15, three blasts ripped through Petrobras' 40-storey platform, the world's biggest oil rig, killing 11 and spilling about 11,000 gallons of diesel oil. Petrobras has mobilized 11,000 m of retaining barriers, 21 oil collecting units, 18 suction pumps and 40,000 liters of dispersing chemical agent to the platform off the coast of Rio state, the firm said in a statement. "Luckily for everybody it was not an environmental disaster," said Carlos Henrique Mendes, regional director for Brazil's state environmental institute, Ibama.
Petrobras Shuts Down 13 Rigs For Leak Check
Brazil's state oil giant Petrobras halted output at 13 offshore rigs on Thursday in the Campos basin to check for leaks after an oil slick appeared on the ocean surface in the area. The stoppage results in output losses of 135,000 barrels of oil and 830,000 cubic meters of natural gas per day, or nearly 10 percent of Petrobras' daily output. "There is no production there now. When it will be resumed depends on when we find the leak," said a Petrobras spokesman. Petrobras said the leak off the Rio de Janeiro state coast was relatively small -- of around 98,000 liters (26,000 gallons) of crude. The company said in a statement it was yet unclear where the oil…
Petrobras, SBM Offshore, Brazilian Authorities Reach Settlement
The Ministry of Transparency, Oversight and Control (Ministério da Transparência, Fiscalização e Controle - "MTFC"), the Public Prosecutor's Office (Ministério Público Federal - "MPF"), the General Counsel for the Republic (Advocacia Geral da União - "AGU"), Petróleo Brasileiro S.A. - Petrobras ("Petrobras") and SBM Offshore signed a settlement agreement ("Settlement Agreement") today that closes out the inquiries of the MPF, the MTFC and Petrobras into the payment of undue advantages to employees of Petrobras.