AKOFS Offshore Inks $282m, Four-year Deal for Aker Wayfarer
Akastor ASA's 50% owned affiliate AKOFS Offshore AS signed a firm contract for its vessel Aker Wayfarer that will continue to perform services as a subsea equipment support vessel (SESV) for Petróleo Brasileiro S.A. as client in Brazil.The duration of the contract is 1,415 days, or almost 4 years, and the services will commence in first half of 2023. AKOFS Offshore will be performing the Aker Wayfarer operations jointly with its partners Bravante for marine services and Oceaneering for ROV services.Total contract value is about $282 million, of which about $198 million will be revenue
TechnipFMC Wins Subsea Contract off Brazil
storage and offloading unit (FPSO) Cidade de Caraguatatuba, already in operation.The deal was awarded by Total E&P do Brasil Ltda., on behalf of the Lapa Field Consortium, comprised of Total (35%), Shell Brasil Petróleo Ltda. (30%), Repsol Sinopec Brasil S.A. (25%) and Petróleo Brasileiro S.A. - Petrobras (10%), and is worth between $75 million and $250 million, TechnipFMC said.Arnaud Piéton, President Subsea at TechnipFMC, commented: “We are honored to be selected to execute the Lapa pre-salt field project in Brazil. We look forward to collaborating with Total and
Fall from Grace: Batista Gets 30-Years for Corruption
linked to the construction of the $3.7 billion Açu port facility, controlled since 2013 by Prumo Logistica, which is majority owned by U.S.-based EIG Energy Partners.Prosecutors said Batista paid a quarter of the bribes to Cabral in cash and the rest in shares of state-led oil company Petroleo Brasileiro SA, miner Vale SA and drinks company Ambev SA, a unit of Anheuser Busch Inbev NV.Batista was last year fined 21 million reais ($5.4 million) for trading shares based on insider information about shipbuilding company OSX Brasil.Tuesday's ruling was the sixth corruption conviction for Cabral,
Fugro Tallies ROV Services Contracts with Petrobras
Fugro said it has been contracted to provide remotely operated vehicle (ROV) services to support Petróleo Brasileiro S.A. - Petrobras in its exploration and production activities.Two new contracts will see Fugro’s ROV spread working to support drilling related activities, such as towing, mooring, commissioning and decommissioning, and positioning of production and drilling units, as well as installation of subsea equipment in Petrobras oil fields. The ROVs are being deployed in water depths of 3,000 meters on the Brazilian continental shelf.The first of the two contracts commences in the
Exxon, Petrobras Form Alliance to Develop Oil, Gas Projects
Exxon Mobil Corp and Petróleo Brasileiro SA, Brazil's state-controlled oil producer also known as Petrobras, said on Thursday they had formed an alliance to develop energy projects around the world. The deal, which was signed in Rio de Janeiro, will have the companies study ways they can cooperate on exploration, production and chemical ventures inside and outside of Brazil. The deal comes two months after Exxon and Petrobras were jointly awarded six oil-rich blocks in Brazilian coastal waters. (Reporting by Ernest Scheyder; editing by Diane Craft)
Petrobras Shifts Focus to Oil E&P, Alternative Energy
Petróleo Brasileiro SA will focus on oil and gas exploration and production while seeking opportunities in alternative sources of energy over the next five years, as Brazil's state-controlled oil firm moves toward more profitable core segments, Chief Executive Officer Pedro Parente said on Tuesday. Speaking at the Offshore Technology Conference in Houston, Parente cited geopolitical tension in the Middle East, sizable legal contingencies and missing divestiture goals as potential risks for Petrobras's financial and operational case going forward. (Reporting by Marianna Parraga;
PLSV Skandi Búzios Begins Work off Brazil
Skandi Búzios, a pipelay support vessel (PLSV) owned 50/50 by a joint venture formed between TechnipFMC and DOF Subsea, has commenced an eight-year charter contract with Petróleo Brasileiro S.A. (Petrobras), as scheduled on April 13, 2017. Skandi Búzios is the sister ship of the Skandi Açu, which started its charter contract on August 13, 2016. These two vessels each have 650 tons flexible pipelay tension capacity, enabling the installation of large diameter flexible pipes in the ultra-deepwater Brazilian pre-salt area. Under the joint venture agreement
MOL Moves into OSV Field
up with Mitsui & Co., Ltd. and AKOFS Offshore AS to purchase the subsea support vessel Skandi Santos from the current shipowner through a three-way joint venture company called Avium Subsea ASand started the business effective on November 23. Brazil’s national oil company, Petróleo Brasileiro S.A., has chartered the Skandi Santos from AKOFS since 2010, using it to install subsea facilities in deep-sea oil and gas fields off Brazil. The project is MOL’s first step into the subsea business, where the company expects stable demand and steady earnings through the overall lifecycle
Brazil May Open Petrobras Subsalt Area to Other Companies
allow companies besides Petrobras to bid for the right to produce extra oil from areas it sold to the state-led oil company in 2010, the head of the exploration and production policy at the energy ministry, Jose Botelho, said on Wednesday. Botelho also said the government may allow Petroleo Brasileiro SA, as Petrobras is formally known, to pay with oil for adjustments in the price of the maximum 5 billion barrels of oil and equivalent natural gas it is allowed to produce in the areas. (Reporting by Marta Nogueira, writing by Jeb Blount; Editing by Daniel Flynn
February 2024
