Petrobras, Brazil, has contracted PSV Far Supporter (1996, UT 750, 4.680 DWT) for a period of 3 years, with start up during the 1st quarter 2010.

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Peterson SBS has extended the contract for PSV Far Splendour (2003, P106, 3.503 DWT) for 1 year plus 2 x 1 years options. Start up is 29th Dec 2009.

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Petrobras, Brazil, has contracted AHTS Far Sabre (2008, UT 712L, 15.900 BHP) for 240 days. The contract has recently started.

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Total value of the contracts is approx. NOK 255 million.

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Source: Farstad

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• Farstad Announces Charter Agreement

    Farstad Shipping announces the following new charter commitments: Petrobras, Brazil, has contracted PSV Far Supporter (1996, UT 750, 4.680 DWT) for a period of 3 years, with start up during the 1st quarter 2010.

• Petrobras signs contracts for charter vessel operation with Brazilian shipping companies

    Petrobras signed three Time Charter Party vessel-commissioning contracts with Brazilian Shipping Companies (BSCs). The signing ceremony was held, at the company’s main office building (Edise), in Rio de Janeiro.

• Petrobras agrees with the recruitment of vessels

     Petrobras announces that during a meeting held on 12/03, it approved the chartering of twelve of the nineteen vessels foreseen in the program called EBN (Empresas Brasileiras de Navega??o, or Brazilian Shipping Companies).

• Farstad announces delivery of ships and charter agreements

    The platform supply vessel (PSV) “Sical Torino” (VS470 MKII 3,570 DWT) has been delivered to Farstad Shipping Pte Ltd, Singapore, a wholly owned subsidiary of Farstad Shipping ASA. The purchase of the vessel, renamed “Far Swan”, is facilitated by internal  financial resources. However, a long-term financing will soon be arranged  by Nordea.  Woodside

• Petrobras and PDVSA agree with the terms to build refinery

    PETROBRAS announces that it has agreed with Petr?leos de Venezuela S.A – PDVSA the conditions to incorporate a special purpose company to build and operate the Abreu e Lima Refinery, with 60%? participation of Petrobras and 40% of PDVSA.

• Petrobras receives license for the LNG terminals in Guanabara Bay

    Brazil’s Petroleo Brasileiro SA (Petrobras) has received an operating license for its 14 cu m/day LNG regasification terminal at Guanabara Bay in Rio de Janeiro state. Rio de Janeiro’s Environmental Institute Inea issued the license, which also includes approval for a pipeline connecting the terminal and the future compression station in Campos Eliseos,

• Brazil offshore oil fields, all in local waters: official

    The massive oil reserves found off Brazil under a geological layer of salt all lie within Brazilian waters, the head of the country’s top oil company Petrobras said on Friday. The “pre-salt area is in Brazilian waters,” Petrobras chief executive Jose Sergio Gabrielli told a press conference in London. Brazil

• Transocean Inc. Announces Ultra-Deepwater Drillship 10,000 Petrobras Begins 10-year drilling contract

    Transocean Ltd. announced yesterday that the newbuild ultra-deepwater drillship Petrobras 10000 has commenced operations in Angola for a subsidiary of Petrobras under a 10-year drilling contract. Transocean has an agreement with the P&M Drilling International B.V. joint venture of Petrobras and Mitsui to acquire the rig under a 20-year capital lease contract. The

• Transocean Inc. Announces Ultra-Deepwater Drillship 10,000 Petrobras Begins 10-year drilling contract

    Transocean Ltd. announced yesterday that the newbuild ultra-deepwater drillship Petrobras 10000 has commenced operations in Angola for a subsidiary of Petrobras under a 10-year drilling contract. Transocean has an agreement with the P&M Drilling International B.V. joint venture of Petrobras and Mitsui to acquire the rig under a 20-year capital lease contract. The

• OIL: Petrobras announces new partnership in Turkey

    Brazilian mixed-capital oil giant Petrobras; the Turkish oil company Turkish Petroleum Corporation (TPAO); and ExxonMobil signed yesterday (11) in Rio de Janeiro, a partnership for the exploration of Block 3922 (Sinop), located in deep waters in the Black Sea, in Turkey. According to the contract, ExxonMobil Exploration and Production Turkey

• Petrobras Finds 25 million barrels of oil in Brazil

    Petroleo Brasileiro SA, Brazil’s state-controlled oil company, said it found about 25 million barrels of recoverable oil in shallow waters of the nation’s Campos Basin. Production at the 4-PM-53 oil well will start this year, the Rio de Janeiro-based company said today in a regulatory filing

• Petrobras Rotterdam opens office

    On Monday 1 February, the Brazilian oil company Petrobras opened an office in Rotterdam. In the “Weenapoint” building, the company and CEO Jos? Sergio Gabrielli de Azevedo was welcomed by Mayor Ahmed Aboutaleb of Rotterdam and Minister for Foreign Trade Frank Heemskerk. Their presence underlined the importance of the developing

• Brazil Petrobras oil production slipping 0.7 percent in January

    Brazil’s state-run oil firm Petrobras said on Wednesday crude output in Brazil in January slipped 0.7 percent compared to the month earlier as it performed maintenance in the offshore Campos Basin. Production in Brazil was 1.973 million barrels per day (bpd) last month, Petrobras said in a press release, compared

• Sevan Marine View platforms after Sevan Driller

    Commissioning of Sevan Marine ultra-deepwater semisubmersible Sevan Driller is ongoing at the COSCO Qidong shipyard, and rig crew have already moved into living quarters. The company is arranging financing for a second semi and considering a third. Delays in the shipment of equipment have caused a revision in the delivery schedule

• To convince Brazil to superpower oil over the next ten years

    Edison Lobo said this week that thanks to the vast potential of its pre-salt region, so-named because the estimated 50-80 billion barrels of oil equivalent it contains are located in the sea bed beneath an unstable salt formation, Brazil could produce some 3.8 million barrels per day within 10 years,