Aberdeen’s MDL wins ultra-deep water SURF deal in Brazil
Flex-lay specialist Maritime Developments Ltd (MDL) has celebrated a new contract win as it attends the Rio Oil and Gas show, now called ROG.e.
petrobras
Brazil president Lula fires Petrobras CEO after dividend dispute
Brazil’s President Luiz Inacio Lula da Silva has fired Jean Paul Prates, the chief executive of state-owned oil company Petroleo Brasileiro SA, following a dispute over dividend payments.
Can Petrobras walk the line between the state and the pre-salt?
“Under our analysis, we see Brazilian production starting to decline around 2029-30,” Welligence’s Fagundes said. “Given how long it takes to develop a big field, [Petrobras] needs to start finding new reserves.”
Saipem cleared in Algeria, faces Brazilian suspension
Saipem said there had been “alleged irregularities in the award”. The CGU amended its previous ban, from December 2022, with this new order of a two-year suspension.
Valaris rig to stay in Brazil, with a day rate boost
The rig has repriced from a rate in the “low $200,000s”, the executive said. Now, it is priced at "an effective day rate in the high $400,000s”. The price suggests a day rate of around $488,000.
Petrobras re-enters African exploration with Shell deal
Petrobras signed a memorandum of understanding (MoU) with Shell in March 2023, on the sidelines of CERAWeek.
Subsea 7 snatches Mero-4 from Saipem
“One of our competitors bid pushed the pricing up to a point where probably, our clients thought that they would look at the schedule and the timing and the constraints of that project.”
Petrobras Management Under Political Attack, CEO Prates Says
Brazil’s oil giant Petrobras was hit by a “rampant” though “ineffective” campaign to destabilize its current management over the last week, Chief Executive Officer Jean Paul Prates said Sunday.
Petrobras confirms talks with Adnoc, Apollo
In May, reports suggested Adnoc and Apollo had offered $7.6 billion for Braskem.
FSO hook up complete, Perenco looks to Brazil’s regulators
Perenco bought a 100% stake in the Pargo, Carapeba and Vermelho fields from Petrobras. After adjustments, Perenco paid $398 million for the assets offshore Rio de Janeiro state. It also took over the decommissioning liability.
Equinor pairs with Petrobras on 15GW Brazilian wind plans
Petrobras and Equinor have signed a letter of intent that will see the two assess the potential build-out of up to seven new offshore wind projects.
Singapore could review Keppel O&M bribery case with new evidence
Deputy Prime Minister Heng Swee Keat said that Singapore could review a decision not to prosecute key figures at Keppel Offshore & Marine Ltd. over a major bribery case involving payments to Brazil’s state-run energy company Petrobras if there’s new evidence that warrants doing so.
2022 best year in a decade for new global oil and gas discoveries, says WoodMac
Last year was a bumper one for the global oil and gas exploration sector as it enjoyed its strongest 12 months in more than a decade.
League table: Which oil and gas firms produce most emissions?
Which integrated gas companies produce the most emissions?
Former Keppel O&M management warned over Petrobras bribery scandal
Singapore’s Corrupt Practices Investigation Bureau (CPIB) has issued stern warnings to six ex-senior management staff of Keppel Offshore & Marine for their alleged bribery involving contracts with Brazil’s state-owned oil company Petrobras.
Petrobras critic named chief of Brazil’s state-run oil giant
President-elect Luiz Inacio Lula da Silva has selected a senator and former Petrobras official to lead Brazil’s state-controlled oil giant with the aim of turning it into a renewable energy powerhouse.
Honeywell settles Brazil, Algeria bribe cases for $159mn
"For years, Honeywell neglected to implement sufficient internal accounting controls to mitigate against known corruption risks in countries like Brazil and Algeria," said Charles Cain, Chief of the SEC Enforcement Division’s FCPA Unit.
Global dividends soar as oil sector booms, report finds
Shareholders have pocketed record payouts from companies around the world as oil companies handed massive dividends to their owners.
Sembcorp Marine’s Brazilian shipyard completes Petrobras P-71 FPSO
Singapore’s Sembcorp Marine, through its subsidiary Estaleiro Jurong Aracruz (EJA), said it has crossed another significant operational milestone with the completion of P-71, its second floating, production, storage and offloading (FPSO) vessel project for Tupi.
Sembcorp Marine lands $3 billion FPSO deal with Petrobras
Sembcorp Marine (SGX: S51) has landed a $3 billion contract for a newbuild FPSO for Petrobras.
Keppel wins another Petrobras FPSO deal worth $2.8bn
Keppel Offshore & Marine's (Keppel O&M's) subsidiary, Keppel Shipyard, has won a tender from Brazil’s national oil company, Petrobras, to carry out the engineering, procurement and construction (EPC) of P-83, a floating production, storage and offloading vessel (FPSO), in a deal worth about US$2.8 billion.
Keppel O&M wins giant US$2.9bn FPSO deal from Petrobras
Keppel Offshore and Marine's (Keppel O&M's) (SGX:BN4) wholly owned subsidiary, Keppel Shipyard, has won an international tender from Brazil’s national oil company, Petroleo Brasileiro S.A (Petrobras), for the engineering, procurement and construction (EPC) of P-80, a floating production, storage and offloading vessel (FPSO) in a deal worth about US$2.9 billion.
Transocean seals contracts worth over $1bn, expects offshore drilling recovery to continue
Offshore drilling giant Transocean (NYSE: RIG) has announced two new contract wins totalling more than $1 billion.
Petrobras boosts dividends as Brazil’s cash cow beats estimates
Lofty oil prices and robust sales delivered Petrobras another quarter of blockbuster results, which President Jair Bolsonaro has previously bashed as he contends with costly fuel ahead of presidential elections in October.
Petrobras ends messy leadership change with new CEO Coelho
Petrobras has selected Jose Mauro Coelho to become the next chief executive officer of Latin America’s largest oil producer at a time high fuel prices have put it under political scrutiny.