SBM Was Already the Majority Shareholder of Related Entities and the Operator of These FPSOs and Was the Local Partner of Constellation in the Dispute for Petrobras’s FPSO Charter Contracts.
Dutch SBM Offshore received approval from Cade on Tuesday, October 22, to complete the acquisition of Constellation’s stake previously known as Queiroz Galvão Óleo e Gás SA. We at Clique Petróleo e Gás announced this Friday, the 18th, about the case, click here to understand.
There are a total of 5 FPSO vessels from Constellation operating in Brazil. The Administrative Council for Economic Defense (Cade) approved the transaction with no restrictions.
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Kia emerges with the “ugliest pickup truck in the world”: even with a 2.2 turbo diesel engine with 210 hp, 4×4 traction, a capacity of 3.5 tons, and a goal of 20,000 annual sales, the Tasman sells only 320 units and becomes a problem for the brand in Australia.
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Kia emerges with the “ugliest pickup truck in the world”: even with a 2.2 turbo diesel engine with 210 hp, 4×4 traction, a capacity of 3.5 tons, and a goal of 20,000 annual sales, the Tasman sells only 320 units and becomes a problem for the brand in Australia.
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Country ‘tears’ the sea with 340-meter underwater tunnels under the Atlantic to capture saltwater and build a megaproject capable of producing up to 100 million liters of drinking water per day in West Africa.
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Country ‘tears’ the sea with 340-meter underwater tunnels under the Atlantic to capture saltwater and build a megaproject capable of producing up to 100 million liters of drinking water per day in West Africa.
SBM Was Already the Majority Shareholder of Related Entities and the Operator of These FPSOs and Was the Local Partner of Constellation in the Dispute for Petrobras’s FPSO Charter Contracts.
The FPSOs are Cidade de Paraty, Cidade de Ilhabela, Cidade de Marica, Cidade de Saquarema, and Capixaba. Constellation’s stake in each of the FPSOs is 20%, 12.75%, 5%, 5%, and 20%, respectively.
“For SBM, it makes sense to acquire the FPSO assets, especially considering the sensitivity of chartering, maintenance, and operation of the FPSOs and the uncertainty of having a potential joint venture partner not chosen by SBM and with whom SBM does not have a good relationship”, SBM told the Council.
- Edison Chouest Group Company Opens Offshore Positions for Rio de Janeiro at 11 AM on October 22
- Wilson Sons with Excellent Opportunities for Rio de Janeiro and São Paulo on October 22
Constellation Starts Land Well Drilling in Amazonas
In the state of Amazonas, Constellation’s Drilling Rig VIII began operating its contract with Eneva for the drilling of wells in the Azulão Field. The announcement was made on the company’s social media profile on October 17.
The expectation is that 1,000 jobs will be generated in Roraima and another 1,000 jobs in Amazonas during this first phase of the project.
The company states, “For us, it is a pleasure to contribute to Eneva’s project for the development and production of gas for energy generation by the new thermal power plant of Jaguatirica II, to be installed also by Eneva, in the municipality of Boa Vista, Roraima”.

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