Prosecutor: Petrobras Likely Lost More Than $5 Billion To Corruption

Brazil prosecutor Delton Dallagnol, part of a task force overseeing Brazil's largest-ever corruption investigation, said the 6.2 billion reais ($1.6 billion) in corruption-related losses the company wrote off in April was "just the tip of the iceberg."

Update: House Passes Bill Lifting Export Ban

The bill sponsored by Rep. Joe Barton, R-Texas, passed the House of Representatives 261 to 159, failing to reach the 290 votes necessary to overturn a presidential veto, Reuters reported.

Glendinning Will Retire As President Of Teekay Gas Services

In 2003, David Glendinning became president of Teekay Gas Services division. Prior to joining Teekay, he worked at sea on oil tankers for 18 years. Glendinning is a Master Mariner.

Lundin Sells Indonesian Assets In $22 Million Deal

The assets include the non-operated interest in the producing Singa gas field and the operated interests in the South Sokang and Cendrawasih VII blocks, as well as the joint study agreement concerning the Cendrawasih VIII Block, the release said. 

Petrofac Terminates ZPMC Contract For Derrick Lay Vessel

Petrofac has ended its contract with ZPMC due to concerns with ZPMC’s performance regarding construction of the proprietary design Petrofac JSD 6000 deepwater multipurpose offshore vessel, Petrofac said.

Israel's Delek Buys Stake In North Sea Oil Producer Ithaca

The deal underlines investors still see value in North Sea related businesses, despite a slump in oil prices and high operating costs.

Malaysia's Petronas Remains Committed To Canadian LNG Project

The project would see Petronas build an export terminal near the British Columbia port city of Prince Rupert, a natural gas pipeline and ongoing gas development.

Lundin Spins Bit In Barents

Lundin Petroleum has been busy with the bit off Norway and it has just spudded the Neiden prospect exploration well 7220/6-2 in PL609 in the Barents Sea with the Island Innovator.

Shell Demobilises After Arctic Disappointment

Shell has begun demobilising its massive deployment of equipment, supplies and personnel in the Alaskan offshore Arctic after disappointing results from its Burger J well. 

Floater Briefs for Oct. 9

Preparation continues for Shell’s Appomattox (SEN, 32/8) deepwater hub development in the Gulf of Mexico. 

OneSubsea FEEDs on Enfield

OneSubsea has bagged a FEED contract for Woodside Petroleum’s Greater Enfield Area development offshore northwest Australia.

Technip Teams With Samsung For Semisubmersible

Technip’s U.S. affiliate has entered into an agreement with Samsung Heavy Industries to develop a joint design of a low motion semisubmersible production platform.