JUser: :_load: Unable to load user with ID: 51

Encouragingly, deliveries continue apace despite the woes of the oil and gas (O&G) industry, with Malaysia's SapuraKencana Petroleum (SapKencana) delivering its sixth and final pipelay vessel (PLV), Sapura Rubi, to Petrobras, the company said in a stock market announcement.

Singapore’s Keppel Corp has staunchly defended allegations from a media report that its senior management backed the payment of bribes to win contracts in Brazil.

Malayian oil and gas (O&G) services firm SapuraKencana Petroleum (SapKencana) reassured that its operations in Brazilian waters are on a long-term contract with Brazilian national oil company Petrobras and are not under any threat of cancellation in spite of the oil giant’s fiscal difficulties, local media reported.

Following Sete Brasil’s filing for judicial recovery, Keppel Corp says its believes its SGD230m ($170.4m) in provisions remain sufficient.

PACC Offshore Services Holdings (POSH) has secured an additional one-year contract for its semisubmersible accommodation vessel for work in Campos Basin, Brazil.

Fugro is deploying its new Brazil-built inspection, repair and maintenance (IRM) vessel Fugro Aquarius on contract to Petrobras.

The Federal Police of Brazil carried out sweeping raids on Monday over corruption probe into Brazil’s state-owned firms including Petrobras, and arrested an agent linked to alleged corrupted deals involving Singapore’s Keppel Corp.

SapuraKencana Petroleum's (SapKencana) fourth pipe-laying support vessel (PLSV) has started work for Petrobras and it is on track to expand its operations in Brazil, the company said in a stock market release.

The plan by Dryships chairman and ceo George Economou to buy three capesizes from company has fallen through, and Petrobras has terminated the charter on one of its PSVs.

Brazil’s Parliamentary Commission of Inquiry (CPI) has recommended the deepening of investigations into 10 companies involved in the alleged bribery transactions with Petrobras and Sete Brasil.

Page 3 of 6