Petrobras News

26 Mar 2020

Belov's New DSVs Commissioned

(Image: Robert Allan Ltd.)

Two new dive support vessels (DSV) operated by Belov Engenharia Ltda. have completed class commissioning and are currently performing client acceptance testing for Petrobras.Built at Belov's own fabrication facility in Salvador, the newbuilds Belov Amaralina and Belov Humaitá are of Robert Allan Ltd.'s RAlly 4000’s Class design, fitted with Dynamic Positioning System (DP2), four diesel generators, three water jet propulsors and triple bow thrusters for redundancy. The propulsion system is diesel-electric to improve efficiency when operating in lower power DP modes.

18 Feb 2020

Golar LNG Pact with BR Distribuidora

Image: Golar Power

Golar Power, which offers integrated liquefied natural gas (LNG) based downstream solutions, and Petrobras Distribuidora S.A. (BR Distribuidora) announce the formation of a Partnership for the development of an LNG distribution businesses in Brazil. According to a press release, the intention is to introduce LNG as an alternative to the fuels currently available to Brazil’s cargo and people transportation, industrial, thermoelectric generation, commercial and residential sectors.Both…

11 Feb 2020

MISC Clinches Petrobras Contract

Image: MISC Group

Malaysia International Shipping Corporation Berhad (MISC) announced that its wholly-owned subsidiary, AET Tanker Holdings Sdn Bhd, has been awarded long-term charter contracts for three newbuilding Suezmax DP2 Shuttle Tankers from Petróleo Brasileiro S.A. – Petrobras of Rio de Janeiro, Brazil.AET, the petroleum shipping unit of MISC and specializes in the global ocean transport of petroleum, will own and operate the newbuilding Suezmax DP2 Shuttle Tankers for operations in Brazilian…

11 Feb 2020

Upstream Sector Leads O&A M&A in 2019

Graph: GlobalData

A latest research revealed that the upstream sector accounted for the bulk of mergers and acquisitions (M&A) in the global oil and gas industry in 2019, generating some high-value transactions during the process.According to GlobalData's theme report, ‘M&A in Oil and Gas – 2020’, the acquisition of Anadarko Petroleum by Occidental Petroleum in April 2019 for a purchase consideration of US$57bn was the highlight of oil and gas M&A activity last year, says GlobalData, a leading data and analytics company.Ravindra Puranik…

06 Feb 2020

Petrobras Charters AET Shuttle Tanker Trio for $525.6M

Image source: AET

Tanker operator AET has won a long-term deal with the Brazilian oil company Petrobras for the charter of three shuttle tankers that will offload oil from Petrobras' offshore oil platforms and FPSOs.AET said Thursday the long-term charters would be for three Suezmax class Dynamic Positioning Shuttle Tankers (DPSTs).The company will own and operate the newbuilding Suezmax DP2 Shuttle Tankers for operations in Brazilian international waters. The estimated contract value is $525.6 million and the charter is expected to start in 2022.AET in December 2019…

03 Feb 2020

FPSO P-70 'Stable' After Storm Pushes it Near Coast

FPSO P-70 Image; Petrobras

Brazilian oil company Petrobras said Friday that the recently delivered FPSO P-70 was stable after a storm that hit Rio de Janeiro last Thursday pushed the FPSO near a beach in Niteroi."Due to the storm that hit the metropolitan region of Rio de Janeiro on Thursday night (01/30), the [FPSO P-70] was moved near the coast," Petrobras said.According to Petrobras, the 288 meters long FPSO was being anchored in the bay by tugs responsible for securing the vessel by means of four anchor lines.

08 Jan 2020

Petrobras Ships Avoiding Strait of Hormuz

© Anatoly Menzhiliy / Adobe Stock

Brazil's state-controlled oil company Petroleo Brasileiro SA has ordered its ships to avoid the Strait of Hormuz, it said in a statement.Petrobras, as the company is known, says the decision, which was taken after consultations with Brazil's Navy, will not affect fuel supply in Brazil.(Reporting by Luciano Costa Editing by Chizu Nomiyama)

18 Dec 2019

Maersk, Tide Maritime Targeted in Petrobras Probe

© Alexander Filon / Adobe Stock

Brazilian authorities on Wednesday targeted Maersk and other companies for allegedly paying bribes to get an edge in securing shipping contracts with state oil firm Petroleo Brasileiro SA, in the latest phase of a sprawling graft probe.Federal prosecutors said in a statement that Denmark's Maersk, the world's largest shipping company, was involved in allegedly paying $3.4 million in bribes related to 11 shipping contracts with Petrobras, worth 592 million reais ($141.07 million).Maersk was not immediately able to comment when contacted by Reuters.

13 Dec 2019

Japanese Partners Buy into Sepetiba FPSO

(File photo: SBM Offshore)

Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK) have purchased minority interests in the lease and operation of a newbuild floating production, storage and offloading unity (FPSO) from majority owner SBM Offshore. FPSO Sepetiba, formerly known as Mero 2, is currently under construction and will be leased for 22.5 years to Petrobras for deployment at the Mero field in the Santos Basin offshore Brazil. MC acquired 20% and NYK acquired 15.5% ownership interest in the companies.

25 Nov 2019

SHI to Pay $75 Mln to Resolve Bribery Case

© denissimonov / Adobe Stock

Samsung heavy industries Co Ltd has agreed to pay more than $75 million in criminal penalties to resolve a U.S. investigation of a scheme to pay millions of dollars in bribes to officials in Brazil, the U.S. Justice Department said on Friday.Samsung Heavy has admitted to paying about $20 million to a Brazilian intermediary between 2007 and 2013 knowing that parts of it would be paid as bribes to officials in Brazil's state-run oil company Petrobras SA for a contract which facilitated the sale of a drill ship by Samsung Heavy…

24 Nov 2019

SHI to Pay $75m in Fine: US Justice Dept

Pic: Samsung Heavy Industries Co.

South Korean shipbuilder Samsung Heavy Industries Co. (SHI) has agreed to pay $75 million in penalties to avoid prosecution in the United States over its scheme to pay millions of dollars in bribes to Brazilian officials to win a contract.“Samsung Heavy Industries paid millions of dollars to a Brazilian intermediary, knowing that some of that money would be used to bribe high-level executives at Petrobras and obtain a lucrative shipbuilding contract,” said Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division.

19 Nov 2019

Petrobras to be World's Largest Oil Producer

Graph: Rystad Energy

Brazil’s Petrobras is on track to become the world’s largest oil producer among publicly listed companies by 2030, based on Rystad Energy’s latest data and forecasts.Brazil’s biggest-ever oil auctions in November were generally deemed to be disappointing, receiving muted interest from international exploration and production companies.However, national oil company Petrobras could not have asked for a better outcome. The world’s fastest growing oil producer gained nearly full control of more than eight billion barrels of oil in the Buzios field…

13 Nov 2019

Japanese Firms in Brazilian FPSO Gig

Image: MODEC

Japanese companies have decided to proceed with the deepwater floating production, storage, and offloading system (FPSO) charter project for the Petrobras-operated Búzios pre-salt oil field located offshore Brazil.MODEC, Mitsui & Co., Mitsui O.S.K. Lines (MOL), and Marubeni Corporation have agreed that Mitsui, MOL, and Marubeni will invest in a long-term charter business currently promoted by MODEC for the purpose of providing  FPSO for use on the Búzios field off the coast of Brazil.Based on these agreements, Mitsui, MOL and Marubeni will invest in Buzios5 MV32 B.V.

04 Nov 2019

ITOPF Addresses Brazil Oil Pollution

Pic: ITOPF

The International Tanker Owners Pollution Federation (ITOPF) is currently on-site in north-east Brazil attending the recent oil spill that has contaminated approximately 2,500 km of coastline in nine states.The source of the pollution remains unknown, although the Brazilian government has recently reported that they suspect a tanker passing along its coast in late July as being the polluter."Our involvement was requested directly by IBAMA, the Brazilian Institute of Environment and Renewable Natural Resources…

24 Oct 2019

Brazil to Lead in Global FPSO Deployments

Graphs: GlobalData

Brazil continues to drive global floating production storage and offloading vessels (FPSOs) deployment with 21 planned and announced FPSOs during the period 2019 to 2025, according to GlobalData.Brazil is expected to deploy a total of 11 planned and ten announced FPSOs by 2025. The crude oil production capacity of these upcoming FPSOs is expected to be 2.5 million barrels per day (mmbd) during the outlook period. In Brazil, FPSOs are being deployed to develop hydrocarbons in the Santos and Campos basins.Brazilian state-controlled oil…

07 Oct 2019

Keppel, Sembcorp Reach Deal with Embattled Brazil Firm

When the Settlement Agreement is completed, Keppel O&M will have full ownership over the four uncompleted rigs to explore various options to extract the best value from the assets.  Keppel O&M is also in discussions with Magni Partners on the terms to complete the construction of the drilling rigs Urca (pictured) and Frade, which are about 92% and 70% completed respectively. (Photo: Keppel)

Singapore firms Keppel Corp and Sembcorp Marine said on Monday they had reached settlements with indebted Brazilian firm Sete Brasil over long-standing contracts to build drillships and rigs.Sete, which leased oil rigs to Brazil's state oil firm Petroleo Brasileiro SA (Petrobras), filed for bankruptcy protection in 2016 after being engulfed in a massive corruption scandal.Keppel and Sembcorp Marine are among a host of firms caught up in the wide-ranging "Car Wash" investigation.

16 Aug 2019

MODEC Raises $1bln Bond for FPSO Project

PSO Cidade de Mangaratiba MV24. Image: MODEC

Japanese FPSO provider MODEC has decided to issue project bonds to international investors to refinance a floating production, storage and offloading  (FPSO) vessel chartered to the TUPI consortium.TUPI consortium is led by Petrobras with the aim of strategically diversifying its financing sources for MODEC’s entire FPSO charter business.MODEC, a unit of Mitsui E&S Holdings that builds floating oil-drilling platforms, said that project bonds are issued against future revenue from…

13 Aug 2019

Brazil Addresses Biofouling

Pic: International Maritime Organization (IMO)

Biodiversity can be threatened by organisms which can build up on ships' hulls and other marine structures, a process known as biofouling.A press note from International Maritime Organization (IMO) said that during a workshop in Arraial do Cabo, Brazil (5 August), experts on biofouling and invasive species and others took the first steps towards setting up a national task force to tackle the issue.According to the UN body, Brazil is one of 12 lead partnering countries in the GEF-UNDP-IMO GloFouling Partnerships project…

30 Jul 2019

Iranian Ship Departs Brazil, Second Bulker to Follow

The Bulker 'Bavand' / image Credit MarineTraiffic.com / © Mohammed Ehsani

An Iranian ship called Bavand, which had been at the heart of a geopolitical spat between Brasilia and Tehran, set sail from Brazil on Monday after receiving fuel from state-run Petroleo Brasileiro , the port of Paranaguá said.Meanwhile, a second Iranian ship, the Termeh, which set sail from Paranaguá port two days ago, was on Monday heading to the southern Brazilian port of Imbituba, where it is due to pick up a shipment of corn before heading back to Iran.The ships were stranded after Brazil's state oil company, known as Petrobras, refused to sell them bunker fuel in the wake of U.S.

26 Jul 2019

INSIGHTS: Noose Tightens Around Iranian Shipping

Grace 1 remains impounded, not because of its flag but because it was suspected of taking oil to Syria in breach of EU sanctions, an allegation that Iran denies. Image Credit: © MarineTraffic.com

Somewhere on its journey from the waters off Iran, around Africa's southern tip and into the Mediterranean, the Grace 1 oil tanker lost the flag under which it sailed and ceased to be registered to Panama. Iran later claimed it as its own.The ship carrying 2 million barrels of Iranian crude was seized by British Royal Marines off Gibraltar, raising tensions in the Gulf where Iran detained a UK-flagged ship in retaliation.Grace 1 remains impounded, not because of its flag but because it was suspected of taking oil to Syria in breach of EU sanctions…

03 Jul 2019

Brazil Searches Sembcorp Yard in Graft Probe

(File photo: Sembcorp Marine)

Singaporean rig builder Sembcorp Marine said on Wednesday that authorities had searched its shipyard in Brazil as part of a graft investigation, sending its shares lower and underlining the staying power of Brazil's ongoing "Car Wash" corruption probe.Sembcorp Marine said the search was related to investigations against former consultant Guilherme Esteves de Jesus, adding that Martin Cheah Kok Choon, the former president of the Estaleiro Jurong Aracruz shipyard, was also under investigation.In a separate statement…

18 Jul 2019

Iran Grain Ships Stranded in Brazil due to U.S. Sanctions

Two Iranian vessels have been stranded for weeks at Brazilian ports, unable to head back to Iran due to lack of fuel, which state-run oil firm Petrobras refuses to sell them due to sanctions imposed by the United States.The vessels Bavand and Termeh came to Brazil a couple months ago carrying urea, a petrochemical product used as fertilizer. They were expected to load corn and return to Iran, but lacked enough fuel for the trip, the port operator in Paranaguá told Reuters.Food is not covered by U.S. sanctions, and Iran is one of the largest buyers of Brazil's agricultural commodities, importing more than 2.5 million tonnes of Brazilian corn so far this year — more than any other country.However, that trade is not usually carried by ships flying the Iranian flag.

25 Jul 2019

Brazil Court orders Petrobras to Refuel Iran Vessels

File Image: AdobeStock / © Renaschild

Brazil's top court on Thursday ordered state-run oil company Petroleo Brasileiro SA to refuel two Iranian grain vessels stranded on the Brazilian coast due to U.S. sanctions holding up sales of fuel needed for their return trips.Chief Justice Dias Toffoli overturned a lower court ruling that allowed Petrobras, as the oil major is known, to refrain from fueling the vessels.Petrobras had denied service, citing the risk of consequences from U.S. sanctions. However, the risk is reduced if it is simply obeying a Supreme Court ruling…

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