Petrobras Could Get Back 5.5 billion Reais in Corruption Probe

Brazilian state-controlled oil company Petróleo Brasileiro SA could receive up to 5.5 billion reais ($1.6 billion) back as a result of an ongoing corruption probe, Chief Executive Officer Pedro Parente said on Friday.

Speaking at a news conference in Curitiba, he estimated Petrobras lost roughly 6 billion reais due to a kickback scheme involving major politicians and executives. The company got 204 million reais back on Friday, adding to more than 500 million reais it had already received.

Source: Global Oil update

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Maersk drilling rig wins contract in the North Sea

Maersk Drilling’s jack-up rig Mærsk Gallant has won a $24m contract from Maersk Oil for around 230 days of work in UK waters of the North Sea. The contract is expected to commence in February 2017 and will comprise the plugging and abandonment of the Leadon and James subsea oilfields. “Despite an extremely challenging market, I am glad to say that Maersk Drilling is still able to secure new contracts for our rigs. By focusing on operational excellence and technical problem solving, we strive to always be a trusted and value-adding partner for our customers,” Michael Reimer, Maersk Drilling’s head of global sales, said in a release. Mærsk Gallant is currently on contract with Total E&P Norge, which is scheduled for completion soon.

Worker missing after offshore drilling vessel catches fire off Miri waters

One of 39 crewmen is missing after a fire that broke out on an offshore drilling-vessel near Miri in the South China Sea

Second explosion in one year on Aces FPSO in Pakistan

A fire broke out aboard the partially scrapped ACES FPSO at a shipbreaking plot in Gadani Pakistan.

GLOBAL OFFSHORE UPDATE

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