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This October, MODEC celebrates 10 years since FPSO Cidade de Mangaratiba MV24 went into operation. The FPSO is anchored in the Lula Field, in the Iracema Sul area, with a water depth of 2,200 meters and is capable of processing 150 thousand barrels of oil per day and 8 million cubic feet of natural gas... Continue Reading →
(Reuters) French oil major TotalEnergies (TTEF.PA), opens new tab has agreed to sell a network of about 240 retail fuelling stations plus ethanol and oil products storage facilities in Brazil to a subsidiary of Grupo Argenta, the company said on Friday. The amount of the transaction was not announced. TotalEnergies will keep its lubricants blending and distribution... Continue Reading →
(OE) Brazil’s Federal court has annulled a two-year ban imposed on Saipem’s two business units on from contracting with the Brazilian public administration. The decision to prohibit Saipem’s two businesses was taken due to alleged irregularities in the award of a contract related to gas pipelines, dating back to 2011. According to Saipem, the court... Continue Reading →
(PN) The FPSO market saw a 50% increase in investments — from US$6 billion to US$9 billion — related to the surface capital of new projects in 2023, a trend that is expected to continue in 2024. The data was presented this week by Rystad Energy. This growth is largely concentrated in South America, especially... Continue Reading →
(OE) American Bureau of Shipping (ABS) has secured a contract to provide and test a digital twin solution for real-time condition monitoring for a Petrobras floating production, storage and offloading (FPSO) unit. The ABS solution will provide a digital twin of the asset, and as part of the project, ABS has selected Akselos to deploy... Continue Reading →
(Reuters) - The Brazilian government has decided against returning to daylight saving time this summer, a senior official said on Wednesday, who noted that the country does not face any expected risks to its power sector. Energy and Mining Minister Alexandre Silveira added that officials will assess a possible return to daylight saving time for... Continue Reading →
(PN) Petrobras officially launched (14) the invitation to tender for the FPSO P-86, which will be part of the revitalization project for the Marlim Sul and Marlim Leste fields. The opening of the envelopes with the bidders' proposals is expected to take place only on April 8 of next year. However, as has been seen... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras communicates that FPSO Maria Quitéria initiated today production operations in the Jubarte field, located in the pre-salt Campos Basin in the area known as Parque das Baleias, in the State of Espírito Santo. The unit has the capacity to produce up to 100 thousand barrels of oil per day and... Continue Reading →
(Reuters) - Brazil's Petrobras is discussing a partnership with Vale to help the mining company lower carbon emissions, the state-run oil firm's Chief Executive Magda Chambriard said on Monday. WHY IT'S IMPORTANT The two Brazilian companies are among the largest in Latin America by market value. Chambriard said the firms will "help each other" decarbonize, with a... Continue Reading →
(CPG) With new contracts, billion-dollar investments and overcoming a crisis that almost paralyzed the sector, Brazilian companies are ready for a new cycle of growth. The Brazilian maritime support segment has suffered a drastic decline in recent years. In 2014, more than 500 vessels were active in the country, but in 2019, that number fell... Continue Reading →
