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Jesper Skjong, Contributor (OE) There are solid underlying fundamentals that are driving the increased vessel demand, chief among them is the increased offshore upstream investment on a global level. Overall, spending on exploration and production is set to increase roughly 45% from 2021 to 2025, reaching a total of almost $200 billion in the latter year.... Continue Reading →
(Zack's) Petrobras PBR, a Brazilian oil and gas company, in partnership with Colombia-based integrated oil and gas company Ecopetrol S.A. EC, has commenced the drilling of the Uchuva-2 well in the Tayrona block, located offshore Colombia’s Caribbean coast. This move is part of a broader strategy to boost Colombia's natural gas reserves and enhance the country's energy security.... Continue Reading →
(OE) Norwegian offshore vessel operator DOF Group has secured two long-term contracts with Petrobras for its Pipelay Support Vessel (PLSV) and the Anchor Handling Support vessel (AHTS). The Brazilian built and flagged PLSV Skandi Niterói is awarded a three-year firm plus option contract, starting in 2025. The vessel is owned by DOFCON Navegação, a joint... Continue Reading →
Petrobras, Gerdau, and Naturgy have signed contracts for the supply of natural gas in the free market environment to serve Cosigua, Gerdau's long steel production unit located in Rio de Janeiro (RJ). The agreement marks the first migration of a captive industrial market customer to the free market in the State, making the company's plant... Continue Reading →
Wilson Sons, a leader in port and maritime logistics in Brazil, has resumed, this month, the docking of offshore supply vessels at its shipyards in Guarujá, in the Port of Santos (São Paulo), the largest port facility in Latin America. The PSV (Platform Supply Vessel) Zarapito, owned by Wilson Sons Ultratug Offshore (WSUT, a joint... Continue Reading →
(Offshore-energy.biz) Texas-based subsea oil and gas equipment and services player Trendsetter Engineering has tucked a new assignment under its belt on two offshore oil fields in Brazil, following its entry into the South American country’s market with the establishment of local facilities in Macaé. Trident Energy do Brasil, part of Trident Energy Group, has picked... Continue Reading →
(Reuters) - BP has agreed to buy grain trader Bunge's 50% stake in Brazilian sugar and ethanol joint venture BP Bunge Bioenergia for $1.4 billion in a bet on growing demand for low-carbon biofuels. Following the completion of the deal, expected by end-2024, BP will take full ownership of Bioenergia which has production capacity of around 50,000... Continue Reading →
(Reuters) - The ongoing strike at Brazil's environmental agency Ibama is impacting the analysis of Petrobras' request to drill a well in the Equatorial Margin, an Ibama official told Reuters on Thursday. Itagyba Neto, who handles the agency's licensing for marine and coastal ventures, added that Petrobras has still not sent to the agency important details... Continue Reading →
This month, June, in London, the International Maritime Organization (IMO), connected with the UN through its Sub-Committee on Navigation, Communications and Search and Rescue (NCSR), recommended approving the Brazilian proposal to create Areas To Be Avoid (ATBA) to reduce the risk of collisions between merchant ships and oil platforms and support vessels of the energy... Continue Reading →
(Reuters) - The chief executive of Brazilian oil giant Petrobras (PETR4.SA), opens new tab, Madga Chambriard, said the country's president asked her to work toward boosting the nation's economy while maintaining profitability at the oil firm. Chambriard, who took over as the state-run company's top executive after President Luiz Inacio Lula da Silva fired the former CEO in... Continue Reading →
Brazil Energy Insight 