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The Brazilian Environmental Institute (Ibama) gave the green light for the installation of the new platform ship (FPSO) in the Mero field, in the Santos Basin. The environmental agency issued the license for the FPSO Alexandre de Gusmão, which is being built by SBM Offshore and is expected to come into operation in 2025. The... Continue Reading →
Dutch FPSO operator SBM Offshore has corroborated the start of production from a floating production, storage, and offloading (FPSO) vessel, which is working on Petrobras’ giant oil field in the Santos Basin offshore Brazil. As a result of a 22.5-year lease and operation deal from December 2019 with SBM Offshore, Petrobras chartered the FPSO Sepetiba for operations on its Mero... Continue Reading →
The Brazilian Environmental Institute (Ibama) issued the preliminary license for the Parque das Baleias Integrated Project, in the Campos Basin. The document is valid for five years. The project foresees the interconnection of 17 wells to the new platform vessel (FPSO) Maria Quitéria, nine of which are oil producers and eight water injectors. The platform... Continue Reading →
(OE) Australia's Karoon Energy has completed the acquisition of interests from LLOG Exploration Offshore and LLOG Omega Holdings for the U.S. Gulf of Mexico oil and gas fields. The acquisition includes a 30% working interest in the Who Dat and Dome Patrol oil and gas fields and associated infrastructure, an approximately 16% working interest in... Continue Reading →
Petrobras signed, this Tuesday (02/1), a contract with the company FMC Technologies do Brasil, a subsidiary of TechnipFMC, which won the bid for the integrated Engineering, Acquisition, Construction and Installation (iEPCI™) contract, as well as the carrying out tests to develop the HISEP® technology, patented by Petrobras for the separation of oil and gas at... Continue Reading →
(OET) With energy security running the show, multiple new oil and gas projects were sanctioned throughout 2023. Among the top eight are the ones operated by TotalEnergies, Shell, ExxonMobil, Equinor, Woodside, OMV Petrom, and ADNOC. The year, which is now behind us, kicked off with an announcement from TotalEnergies and its partners, Shell and Repsol... Continue Reading →
(OET) The offshore drilling market has been reaping the benefits of the ongoing upcycle, as rising demand and tightening supply brought higher day rates and fleet utilization in 2023. Will this trend continue in 2024? Westwood Global Energy, an energy market research and consultancy firm, has outlined its top three predictions for the year ahead,... Continue Reading →
Offshore drilling company Valaris has secured a multi-year contract for drillship VALARIS DS-4 with Petrobras offshore Brazil following a competitive bidding process. The a 1,064-day contract is anticipated to start late in the fourth quarter 2024, following completion of the rig’s current contract with Petrobras, which is expected to finish in September 2024. Based on... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it put into production the Sepetiba platform vessel, in the Mero field, Libra block, in the pre-salt Santos Basin. This is Mero's third production system, with the capacity to produce up to 180 thousand barrels of oil a day and compress up to 12 million cubic meters of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases published on 06/06/2023 and 06/23/2023, informs that today it signed a contract with Unigel Participações S.A. (Unigel) for industrialization on order (tolling) for the production of fertilizers at the Sergipe and Bahia plants. The agreement is the result of the partnership between Petrobras and Unigel... Continue Reading →
Brazil Energy Insight 