BW Offshore extends contract for FPSO Polvo

Namely the company signed an agreement with Petrorio for a one-year extension for the lease and operation of the FPSO Polvo. The period in question has been extended to the third quarter of 2019, from the third quarter of 2018, with the contract including options until the third quarter of 2022.

Brazilian regulator accuses Petrobras former executives

As informed, the CVM, Brazilian equivalent to the US Securities and Exchange Commission, imposed accusations to eight people, including two ex-CEOs of the company, related to irregularities in the contracting process for three drill ships.

Petrobras, Exxonmobil to create oil and gas alliance

Petrobras and ExxonMobil will evaluate areas of common interest across all sectors of the oil and gas production value chain, including opportunities for collaboration in exploration, production, gas and chemicals both inside and outside Brazil.

Shell secures three pre-salt blocks contracts in Brazil

Royal Dutch Shell announced that Brazil awarded them and their partners with three, 35-year production sharing contracts for pre-salt blocks located in the Santos Basin, out of the eight blocks on offer. This is expected to contribute to the reestablishment of the oil and gas sector in Brazil.

Shell Brazil backs new research programme

The project is funded by Shell Brazil and is a partnership with UFRJ-COPPE EMBRAPII. The primary goal is to extend the safe operational life of flexible risers and to reduce operational risk and increase the life expectancy of flexible risers.

Statoil, Seadrill sign for drilling in Brazil

Statoil Brasil Oleo e Gas has awarded Seadrill rig contracts for exploration drilling in the Santos basin. The fixed contract scope includes one exploration well and one drill stem test, which are part of the license commitments of the exploration phase.

IBIA discusses safety implications of 2020 sulphur limit

The International Bunker Industry Association contributed to a discussion at the International Maritime Organization’s MSC 98, last week, regarding the potential impact on ship safety associated with meeting demand for fuels complying with the 0.50% sulphur limit, that is due to take effect on 1 January 2020.

Study to evaluate use of natural gas as marine fuel in Brazil

Scientists at the Research Center for Gas Innovation are planning a roadmap to assess the technological, economic and environmental factors that could influence the use of Natural Gas as marine fuel in Brazil. The feasibility study is supported by FAPESP, BG Group-Shell and various research institutions,

maritime events