NEWSLETTERS
16/8/2010 | August edition
BW Offshore Bags OSX Floater Work
Norwegian floating production specialist BW Offshore has been awarded a $150 million contract to modify and complete a production floater acquired by OSX Brasil. The floating production, storage and offloading vessel, OSX-1, was acquired from Norwegian company Nexus in 2009.
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BW Offshore Bags OSX Floater Work
Norwegian floating production specialist BW Offshore has been awarded a $150 million contract to modify and complete a production floater acquired by OSX Brasil. The floating production, storage and offloading vessel, OSX-1, was acquired from Norwegian company Nexus in 2009.
Read more...
8/7/2010 | July edition
Petrobras’s Capitalization and Daring Investment Program
For Petrobras to be able to carry out such a huge investment program, in the ballpark of US$224 billion, the company will rely on the capitalization plan it submitted for approval to Congress and has already been sanctioned by President Lula.
In this plan, oil reserves in the pre-salt area will be used by the Government to pay for subscribed shares as part of an increase in Petrobras’s capital stock. This oil-for-shares swap with the Brazilian Government, will increase its holdings in Petrobras, already at 36% of the company’s voting stock.
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Petrobras’s Capitalization and Daring Investment Program
For Petrobras to be able to carry out such a huge investment program, in the ballpark of US$224 billion, the company will rely on the capitalization plan it submitted for approval to Congress and has already been sanctioned by President Lula.
In this plan, oil reserves in the pre-salt area will be used by the Government to pay for subscribed shares as part of an increase in Petrobras’s capital stock. This oil-for-shares swap with the Brazilian Government, will increase its holdings in Petrobras, already at 36% of the company’s voting stock.
Read more...
7/6/2010 | June edition
Petrobras Capitalization – Capital Required for Pre-Salt Exploration
Petrobras’s board approved an increase in its corporate capital, a necessary step toward a massive share offering required to help fund its $220 billion four-year investment plan. The company may issue up to 2.4 billion preferred shares (compared to 200 million previously) and 3.2 billion voting shares, according to the new limits set by the board.
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Petrobras Capitalization – Capital Required for Pre-Salt Exploration
Petrobras’s board approved an increase in its corporate capital, a necessary step toward a massive share offering required to help fund its $220 billion four-year investment plan. The company may issue up to 2.4 billion preferred shares (compared to 200 million previously) and 3.2 billion voting shares, according to the new limits set by the board.
Read more...
5/5/2010 | May edition
Coke Processing at Suape
In this edition, we report that Oxbow Carbon Minerals LLC has signed two agreements with Petrobras for the construction of a coke processing unit in Porto de Suape, Pernambuco. The oil sub-product will be produced at the Abreu e Lima refinery (RAL).
Petrobras has also contracted with the Techint / Andrade Gutierrez consortium to construct a delayed coking unit at the Rio de Janeiro Petrochemical Complex (Comperj).
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Coke Processing at Suape
In this edition, we report that Oxbow Carbon Minerals LLC has signed two agreements with Petrobras for the construction of a coke processing unit in Porto de Suape, Pernambuco. The oil sub-product will be produced at the Abreu e Lima refinery (RAL).
Petrobras has also contracted with the Techint / Andrade Gutierrez consortium to construct a delayed coking unit at the Rio de Janeiro Petrochemical Complex (Comperj).
Read more...
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