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Increasing activity, led by scaled down, accelerated projects and subsea tiebacks is helping drive an increasing business in the subsea industry. But there’s slim chance of revisiting the boom days of 2013, the Society of Underwater Technology’s annual Global Subsea Market Outlook Business Breakfast heard this morning. Henning Bjørvik, an analyst in the Oilfield Service... Continue Reading →
The swollen number of orders felt in 2019 for floating production, storage and offloading vessels (FPSO) was, it turns out, well above the average number of yearly go-aheads seen in over the past 10 years, a new floater report says. Oil prices and a rush to kickstart industry and national wealth in developing countries appears... Continue Reading →
Jan 30, 2020 In 2016, the National Petroleum Agency (ANP) extended the concession contract for the Ubarana field until 2034. It is also there that Petrobras intends to install its first offshore wind project in the country, with a wind turbine tower, an anemometric tower and an electric-optical umbilical submarine cable approximately 1 km long,... Continue Reading →
Jan 29, 2020 Petrobras obtained from Ibama the license for the environmental regularization of drilled wells and the production activities of eleven fields in shallow waters in the Northeast, which the company is selling or has already sold. The measure, according to sources that accompany the negotiations, is essential for the company to be able... Continue Reading →
Jan 30, 2020 With the possibility of postponing to 2021 the auctions under the sharing regime and the surplus Transfer of Rights of the Sépia and Atapu areas, the market's attention is focused on the next auction in the concession model, the 17th Bidding Round of the National Agency Petroleum, Natural Gas and Biofuels (ANP),... Continue Reading →
Norway’s Equinor has entered into Front End Engineering and Design (FEED) contracts with early commitments and pre-investments for phase 1 of the Bacalhau (formerly Carcará) area in Brazil. Contractors have been selected for both the SURF (Subsea, Umbilical, Risers and Flowlines) and the FPSO (Floating Production, Storage and Offloading) contracts, Equinor said on Thursday. Subsea... Continue Reading →
Oilfield services provider TechnipFMC has chartered the Brazilian-built pipelay support vessel (PLSV), Skandi Vitoria. The Skandi Vitoria PLSV is owned by a 50-50 joint venture between DOF Subsea and TechnipFMC. It is of an STX OSCV 06 design, and the first pipelay vessel built in Brazil back in 2010. DOF Subsea said on Thursday that... Continue Reading →
Japanese companies have teamed up to proceed with a charter project for the deepwater FPSO for the Petrobras-operated Marlim field located offshore Brazil. MODEC, Mitsui, Mitsui O.S.K. Lines (MOL), and Marubeni have agreed that Mitsui, MOL and Marubeni will invest in a long-term charter business currently promoted by MODEC for the purpose of providing an... Continue Reading →
Japan’s MODEC has signed a sales and purchase agreement (SPA) with Equinor to supply a floating production storage and offloading (FPSO) vessel for the Bacalhau (formerly Carcará) field offshore Brazil. MODEC was awarded a Pre-Front End Engineering Design (Pre-FEED) contract for the FPSO in December 2018 and has now been selected as the turnkey contractor... Continue Reading →
Subsea Integration Alliance, a JV between Subsea 7 and OneSubsea, has been awarded an exclusive contract by Equinor for the Front End Engineering Design (FEED) study for the SURF (Subsea, Umbilical, Risers and Flowlines) on its Bacalhau (formerly Carcará) project, offshore Brazil. The awarded work is required to finalize the technical definition of the proposed field development... Continue Reading →
Brazil Energy Insight 