Petrobras News

25 Feb 2019

DOF Bags Three ROV Contracts in Brazil

Image: DOF Subsea

Norwegian supply shipping company DOF Subsea has been awarded contracts for three remotely operated (ROV) Support Vessels (RSV) with Petroleo Brasileiro S.A. (Petrobras).All contracts have a firm duration of three years and can be extended for another two years, informed the offshore support vessel owner.The vessels allocated for the contracts are Skandi Commander, Skandi Olympia and Skandi Chieftain, all owned by DOF Rederi AS (100 % owned by DOF ASA).Each vessel will be equipped with two state of the art work class ROVs owned and operated by DOF Subsea Group.

19 Feb 2019

2021 to See 33 More FPSOs

Graph: Rystad Energy

A total of 33 floating production, storage and offloading (FPSO) vessels will be sanctioned between now and 2021 as oil and gas activity picks up in the offshore sector.Norwegian oil and gas intelligence firm Rystad Energy reports that 15 of the FPSOs will require production capacity of more than 80,000 barrels per day.Rystad said that the high capacity demand would come mainly from the developments in Guyana and Brazil where operators such as ExxonMobil, Equinor, and Petrobras…

10 Jan 2019

US Oil Export Boom Sparks Battle to Build Texas Ports

© Robert Coy / Adobe Stock

Booming U.S. oil exports have set off a scramble to build Gulf Coast ports to handle more than 3 million barrels per day in new supplies expected over the next five years.Of seven proposed oil-export projects, nowhere is the opportunity greater or the competition more fierce than in Corpus Christi, Texas, where three firms are vying to open the state's first deepwater port.Commodities trader Trafigura has taken an early lead with a planned offshore facility that has an easier…

20 Dec 2018

Vitol Bribery Case: Prosecutors Charge 12

Brazilian federal prosecutors on Thursday charged 12 people in connection with an alleged bribery scheme meant to benefit the giant oil trader Vitol SA at the expense of Brazil's state-led oil firm Petroleo Brasileiro SA.Those charged include former Petrobras employees and middlemen who prosecutors allege worked directly with top executives at Vitol. Calls to Vitol's Rio de Janeiro office rang unanswered on Thursday. Last week the company told Reuters it would work with investigators, and that it had a zero-tolerance policy on corruption. (Reuters reporting by Brad Brooks; editing by Jonathan Oatis)

29 Jan 2019

Roxtec Provides Safety Services for Petrobras FPSO

(Photo: Roxtec)

Multinational petroleum corporation Petrobras turned to cable and pipe seals specialist Roxtec for verification of the cable and pipe transits on board the P-68 floating production, storage and offloading vessel (FPSO) in a Brazil shipyard before final approval from the classification society.Petrobras also asked the cable and pipe transit specialist to educate engineers and installers of Petrobras and the Jurong Shipyard on how Roxtec seals work.A Roxtec team consisting of sealing experts and inspectors from Sweden…

13 Feb 2019

Video: FPSO Travels from China to Brazil

(Photo: Boskalis)

Dutch firm Boskalis transported the 90,000-ton FPSO P-67 from Qingdao, China to Rio de Janeiro, Brazil, aboard the semi-submersible heavy transport vessel BOKA Vanguard.FPSO P-67 was built by China’s Offshore Oil Engineering Company (COOEC), and delivered to Brazil's Petrobras in 2018.The FPSO recently began producing in the deepwater Lula Norte area, in the pre-salt of Santos Basin offshore Brazil.

03 Dec 2018

Petrobras, Murphy to Explore in GoM

File Image: Credit AdobeStock / © DonVictorio

Brazil's state-controlled Petroleo Brasileiro SA (Petrobras) said on Monday it had sealed a joint venture with Murphy Exploration & Production Company to explore oil and gas fields in the Gulf of Mexico, according to a securities filing.Petrobras received $795 million for the deal, and will have a 20 percent stake in the venture.Reporting by Carolina Mandl

22 Oct 2018

Petrobras Receives $149 Mln from SBM in Leniency Deal

(File photo: SBM Offshore)

Brazilian state-run oil company Petroleo Brasileiro SA has received an initial payment of 549 million reais ($148.92 million) from Dutch marine engineering group SBM Offshore as part of a 1.22 billion-real leniency deal, the Brazilian government said on Monday.As a result of a long-running corruption investigation, SBM was accused of paying bribes to secure contracts with Petrobras, as the state-controlled oil company is known.($1 = 3.6866 reais)(Reporting by Alexandra Alper; editing by Jonathan Oatis)

28 Nov 2018

Eight OSD Systems to Petrobras

Photo: Miros Group

Sea-state monitoring firm Miros Group is set to supply eight Oil Spill Detection (OSD) systems to Brazilian oil major Petrobras in the world’s largest x-band radar-based OSD surveillance and response contract to date.The agreement is in partnership with Ulstein Belga Marine, primary supplier to Petrobras, and includes radars and thermal imaging cameras for Petrobras Mobile Offshore Production Units (MOPUs) in the Campos Basin. Delivery and commissioning are scheduled for 2019.The…

27 Sep 2018

Petrobras to Resume Building Its Own Platforms

(Photo: Petrobras)

Brazil's Petroleo Brasileiro SA will build its own oil platforms again from 2023, regardless of who wins the presidential election next month, an executive at the state-run oil company said.Petrobras' 2019-2023 business plan, set to be released in December, should include a resumption of platform construction thanks to the company's improving finances, Petrobras' director for production and technology development Hugo Repsold said."We will build platforms independently of who is president…

28 Sep 2018

Petrobras Extends Transocean Contract

Image: Transocean

The  international provider of offshore contract drilling services for oil and gas wells Transocean announced that the ultra-deepwater drillship Petrobras 10000 was awarded a 790-day contract extension offshore Brazil with Petrobras.The contract is extended through October 2021 and includes a blend and extend modification to the previous contract dayrate, effective September 2018. The additional net contract backlog is approximately $185 million, including cost escalations.Additionally…

26 Nov 2018

Brazil Offshore Invests: Belov to Build RAL-designed DSV

Photo: Robert Allan

With a renewed wave of offshore industry investment in Brazil, there is a growing demand again for specialized vessels on the horizon. Underwater service providers play a major role in maintaining offshore assets, especially in deep water, by  performing diving operations and ROV surveys (Remotely Operated Vehicles). In the plethora of Brazilian operators, a company stands out from the crowd, having performed work for the Brazilian state-run oil company Petrobras for several years: Belov Engenharia Ltda.Understanding this new demand…

02 Nov 2018

Teekay Offshore Settles Dispute with Petrobras

Arendal Spirit. Image: Teekay Offshore Partners

Bermuda-based marine services company Teekay Offshore Partners announced that certain of its subsidiaries have entered into a settlement agreement with Petrobras with respect to various disputes relating to the previously-terminated charter contracts of the HiLoad DP unit and Arendal Spirit unit for maintenance and safety (UMS). As part of the settlement agreement, Petrobras - on behalf od its subsidiaries Petróleo Brasileiro and Petroleo Netherlands - has agreed to pay a total amount of $96 million to Teekay Offshore…

11 Dec 2018

AET Grows in Brazil

Eagle Paraiba. Photo: AET_Tankers

With the ongoing development of deepwater pre-salt plays and a decreased demand on local content in tankers and other vessels, Brazilian national operator Petrobras and other super-majors have been looking abroad for better rates and reliable operators of shuttle tankers. Claudio Paschoa, Maritime Reporter’s correspondent in Brazil spoke to Peter Liew, Global Director – Mid Size Tankers, Crude Shipping, about AET Tankers’ history and its operations in Brazil.AET (formerly American Eagle Tankers) was founded in Houston in 1994 primarily to conduct lightering operations in the Gulf of Mexico.

05 Sep 2018

SBM Offshore to Pay Additional Fines to Petrobras

(File photo: SBM Offshore)

SBM Offshore has reached a settlement to pay additional leniency fines of 200 million reais ($48.27 million) to Brazil's state oil company Petroleo Brasileiro SA, Brazilian prosecutors said on Wednesday.As a result of a long-running corruption investigation, the Dutch marine engineering group SBM has agreed to pay a total of 1.4 billion reais in fines and compensations for its role in the scandal.

21 Sep 2018

Mariner Training in Brazil: Inside the Institute of Nautical Sciences

SIMNAV bridge simulator. Image: ICN

For a long time there has been a deficit of trained maritime officers in Brazil, as for decades the only accredited training institutes were run by the Brazilian Navy, where a very limited number of prospective maritime deck and engine officers could be trained at its two training institutes in the country. That's all changing now with the Institute of Nautical Sciences (ICN) leading the way.With the discovery of the pre-salt in 2007 and the continued growth of the maritime and offshore sectors, the lack of qualified Brazilian officers became acute.

24 Aug 2018

Solstad Farstad Bags Contract with Fairfield Industries

Image: Solstad Farstad ASA

Solstad Farstad ASA (SOFF) has entered into a contract with Fairfield Industries Inc. for the CSV “Normand Tonjer”. The contract will commence in 3Q 2018 and has a duration of one year firm plus two yearly options.Fairfield will use the vessel to support their innovative worldwide ocean bottom seismic survey using node-based technology.Solstad Farstad has updated other contracts too. The key contracts in the subsea construction segment include Far Saga contract extension with Petrobras until 2Q’20…

26 Aug 2018

POSH Xanadu Wins Accommodation Contract From Petrobras

POSH Xanadu achieved zero lost-time injury and close to 100% gangway connectivity in her previous charter with Petrobras. Photo: POSH Xanadu

Brazilian oil company Petrobras has awarded a second charter to the POSH-owned semi-submersible accommodation vessel (SSAV) POSH Xanadu.The 750-pax POSH Xanadu will be supporting Petrobras' production activities in the Campos Basin, right after she completes her current job at the Chevron Big Foot Tension Leg Platform in the U.S. Gulf of Mexico. The firm contract with Petrobras is for eight months, with an option for an additional eight-month extension.This is the second charter POSH Xanadu has won from Petrobras, having supported the company between 2015 and 2016, also in the Campos Basin.

26 Aug 2018

Egina FPSO Sails to Offshore Field

Egina. Photo: Total

The $3.3 billion Floating Production Storage Offloading (FPSO) unit built by Samsung Heavy Industries of Korea (SHI) for the 200,000 barrels per day capacity Egina oilfield began to sail to the oilfield Sunday, reports local media.Following fabrication and integration works in Lagos, the FPSO will arrive in three days’ time at the Egina oilfield located in Oil Mining Lease (OML) 130, which is being developed at the cost of $16 billion by the French oil major, TotalT.Nicholas Terraz…

24 Sep 2018

Russia's Novatek Ships First LNG Cargo to Brazil

Image: Novatek

Russian natural gas producer Novatek has shipped its first LNG cargo to the Brazilian market with LNG produced from the Yamal LNG project.A statement from PAO Novatek said that its wholly owned subsidiary, Novatek Gas and Power Asia Pte. Ltd. has shipped its first LNG cargo to the Brazilian market with LNG produced from the Yamal LNG project. The cargo was delivered to the Bahia Regasification Terminal owned by Petrobras.“Our LNG marketing strategy aims to diversify our supply geography and customer base,” noted Leonid Mikhelson, Novatek’s Chairman of the Management Board.

25 Sep 2018

Guyana Puts Oil Auctions on Hold

(File photo: Hexx Corp)

Guyana has put planned oil auctions on hold as the impoverished South American country works to establish a Department of Energy to oversee the energy boom, Minister of State Joseph Harmon said on Monday.Since 1999, Guyana has awarded a group led by Exxon Mobil Corp hundreds of oil blocks along Guyana's maritime borders with Venezuela and Suriname. Their finds are turning Guyana, a country with no history of oil production and relaxed energy regulation, into one of Latin America's hottest prospects for oil investments.Exxon…

20 Sep 2018

Aker Solutions Wins Services Contract with Petrobras

Photo: Aker Solutions

Petrobras has awarded Aker Solutions a contract to provide maintenance and modifications services for nine platforms at oil and gas fields in the Campos Basin offshore Brazil.The Campos Basin extends approximately 100,000 square kilometers. The three-year contract is valued at more than BRL 250 million and includes an option for a two-year extension.Aker Solutions will be renovating, repairing and upgrading offshore production units for Petrobras' Campos Basin Operational Unit (UO-BC).

07 Sep 2018

Stena Bulk Charters Out MR Tanker Pair to Petrobras

Stena Conqueror (Photo: Stena Bulk)

Stena Bulk said it has signed a contract with Brazil's state-owned oil company to charter out a pair of MR product tankers for transporting refined products along the Brazilian coast. The two-year deal includes the option to extend the charters for another 11 months.The 47,000 dwt tankers, Stena Conqueror and Stena Conquest, were built in 2003 and 2004 respectively.“We have a long-standing, highly-valued relationship with Petrobras when it comes to both Suezmax and MR tankers and we are committed to continue to provide them with safe and efficient deliveries.

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