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(OM) Petrobras achieved record presalt production from its fields offshore Brazil last year, averaging 1.95 MMboe/d. This represented 70% of the company’s total production, and is twice as much as the total presalt output from five years earlier. Late last month the FPSO Guanabara arrived at the Mero field in the pre-salt Santos basin. The vessel, the first at... Continue Reading →
The FPSO Cidade de Anchieta, currently in the Parque das Baleias area, on the coast of Espírito Santo, had its production paralyzed after the presence of oil was discovered near the unit. The information was revealed in the 2021 financial and operational report of the Dutch SBM Offshore, which charters the vessel to Petrobras. The... Continue Reading →
Brazilian oil and gas company Enauta has concluded the purchase of an FPSO for the Definitive System of its operated Atlanta field located off Brazil. Following a letter of intent from December 2021, Enauta entered into an agreement with Yinson to buy the FPSO OSX-2 in January 2022. The agreement was contingent on compliance with the agreed... Continue Reading →
(Bloomberg) -- In the past four years Brazil’s state-owned oil company Petrobras has gone from the world’s most indebted oil producer to showering profits on investors. A controversy over fuel prices on Brazil’s campaign trail is signaling the good times may not last. Rising pump prices are angering voters. Former president Luiz Inacio Lula da... Continue Reading →
Petrobras posted an excellent operational performance in 2021, reaching all production targets for the year with the achievement of the following marks: The highlights for 2021 were: FPSO Carioca production start-up, on August 23, the first platform in Sépia field, in Santos Basin pre-salt. Throughout the year, 3 new producing wells were connected and currently... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), following best practices in corporate governance and transparency, informs its investors and the market in general the preliminary unaudited production data for January 2022 in the assets that the Company holds participation. (1) Refers to 3R's stake in all Polo Macau concessions. On December 21, 2021,... Continue Reading →
Singapore's Keppel Offshore & Marine said Wednesday it had secured contracts worth around S$250 million (~$186 million) for the conversion of a Floating Storage and Regasification Unit (FSRU), integration of a Floating Production Storage and Offloading (FPSO) vessel, and the "jumboisation" of two Trailing Suction Hopper Dredgers (TSHD). For the first contract, Keppel Shipyard has... Continue Reading →
(OE) FPSO leasing company BW Offshore has decided to recycle the FPSO BW Cidade de São Vicente. The company said it had signed an agreement with Priya Blue Industries yard in India to recycle the FPSO in compliance with Hong Kong Convention. The convention, adopted in 2009, is aimed at ensuring that ships when being... Continue Reading →
Brazilian oil company Enauta has hired the Alpha Star semi-submersible drilling rig to drill the fourth production well at its Atlanta field in the Santos Basin, offshore Brazil. Enauta expects to start drilling in the fourth quarter of 2022. The contract could eventually be extended to include two more wells for Atlanta’s Full Development System.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the rating agency Fitch reaffirmed its rating at "BB-", with negative outlook, following the Brazil's rating. The stand-alone rating was also reaffirmed at “bbb”, four notches above the country. The agency considers Petrobras' ratings to be linked to those of the sovereign given the Company's strategic importance to... Continue Reading →
