rss icon Subscribe
desktop mobile

Statoil Confident About Offshore Brazil Deal

File Image: a typical Statoil offshore installation (CREDIT: Statoil)

Posted by Joseph Keefe

Norway's Statoil is confident that its deal with Petróleo Brasileiro SA to acquire a stake in exploration block BM-S-8 offshore Brazil will eventually go ahead despite a court suspension, a spokesman said on Tuesday.
"We are confident that he deal will go ahead... We are considering various legal options, but we are confident that we have a strong case," Statoil's spokesman Erik Haaland said.

A Brazilian court has ordered the state-controlled company, known as Petrobras, to suspend the sale of its stake in the block to Statoil after a union argued there should have been an open bidding process.

Reporting by Nerijus Adomaitis

Apr 18, 2017

 

Contracts

CMA CGM Hires Diana Containerships' Domingo

Domingo. Photo:  Diana Containerships Inc.

Diana Containerships Inc., a global shipping company specializing in the ownership of

TEN Get Charter for Two Suezmaxes

Photo: TEN

Tanker operator Tsakos Energy Navigation (TEN) announced the expansion of its long term strategic

Asia Tankers-VLCC Rates to Remain Low on Tonnage Glut

File Image: A VLCC Underway in the Suez Canala (CREDIT: Suez Canal)

Around 90 ships charter free for early September loading.   Freight rates for very large crude

Energy

Global FLNG Capex to Total USD 37.6bln

Global Expenditure on FLNG Facilities by Region, 2012-2023. Graph: Douglas-Westwood

Global Capex on FLNG facilities is set to grow at a 9% CAGR over the 2018-2023 period

Asia Tankers-VLCC Rates to Remain Low on Tonnage Glut

Around 90 ships charter free for early September loading.   Freight rates for very large crude carriers (VLCCs) on Asian routes will remain under pressure for at least the next

Latest Gulf of Mexico Auction Signals Offshore Return

© Mike Mareen / Adobe Stock

Major oil producers pushed up high bids at a Gulf of Mexico offshore auction to $121 million on

Maritime Apps