Allseas preps for huge subsea pipeline job at Brazil’s supergiant ultra-deepwater oil field

(offshore-energy.biz) Switzerland-headquartered offshore pipeline installation, heavy lift, and subsea construction contractor Allseas has put the wheels into motion to get ready for its new assignment on Brazil’s second largest oil field. With its headquarters in Switzerland and central engineering and project management office in the Netherlands, Allseas has opened a new project management and engineering... Continue Reading →

February 24, 2025 0

Seacrest Petróleo files for bankruptcy protection after collection proceedings from Petrobras and former financial advisor

(Valor Feb. 20, 2025) With a debt of R$3.3 billion, Seacrest Petróleo filed for bankruptcy protection in the Court of Justice of São Paulo. The company is seeking to suspend collection proceedings and early maturity of the debt for a period of 180 days. The decision to file came after the company received requests for... Continue Reading →

February 22, 2025 0

Guyana’s oil output fell to 620,000 bpd in January, government says

(Reuters) - Guyana's average oil production fell to some 620,000 barrels per day in January from 656,000 bpd in December, the lowest monthly figure since August, the Natural Resources Ministry said on Friday in a report. A consortium led by U.S. oil major Exxon Mobil and involving Hess and China's CNOOC controls all crude and gas output in... Continue Reading →

February 22, 2025 0

Petrobras considers cancelling FPSO tender after high bid, sources say

(Reuters) - Brazil's state-run oil firm Petrobras (PETR4.SA), opens new tab is considering cancelling a tender to charter a production storage and offloading vessel (FPSO) from India's Shapoorji Pallonji Energy, two sources with knowledge of the matter told Reuters. The state-run firm believes the bid by the Indian shipbuilding firm was too high, at $1.5 million per... Continue Reading →

February 22, 2025 0

Foresea closes 2024 with a net profit of US$ 18 million and a backlog of over US$ 1.7 billion

Foresea, a leader in the offshore drilling sector, announced excellent results it obtained in 2024, having achieved an adjusted EBITDA margin of 37% and operating cash generation of over US$ 130 million in the period. In December, the company won a new three-year contract for the Norbe IX drillship — within the Sepia-Atapu consortium. With... Continue Reading →

February 21, 2025 0

Petrobras on resignation of Member of the Board of Directors

Petróleo Brasileiro S.A. – Petrobras informs that it received today the resignation of Mr. Marcelo Gasparino da Silva from his position as a member of the company's Board of Directors, effective as of March 20, 2025, or until a substitute is appointed by the Board of Directors, whichever occurs first. The company clarifies that, under... Continue Reading →

February 21, 2025 0

Constellation Plans Oslo Stock Exchange Listing

(OE) Constellation, a major offshore oil and gas drilling services provider in Brazil, operating 22% country´s offshore drilling rigs, has outlined its plan to list the company’s shares Euronext Growth Oslo. Constellation, with 1,800 employees and a 45-year track record, is currently in the first quartile of Petrobras’ ranking of drilling contractors, operating all its... Continue Reading →

February 21, 2025 0

Petrobras informs about operations with Banco do Brasil

Petróleo Brasileiro S.A. – Petrobras informs that it has signed the following agreements with Banco do Brasil (BB): (i) The contracting of two Export Credit Notes (ECN) with sustainability commitments, one valued at R$ 3.5 billion and the other at R$ 3 billion, both maturing in 2032; (ii) Renewal of a Revolving Credit Facility (RCF)... Continue Reading →

February 21, 2025 0

Brava Energia to Connect Four More Wells to Atlanta FPSO

(Reuters) Brazil's Brava Energia will connect four more wells to its Atlanta field in the first half of 2025, as it starts shipping oil to commodity trading firm Trafigura under a supply deal for six million barrels. That will bring the total number of wells connected to its floating production storage and offloading unit (FPSO)... Continue Reading →

February 20, 2025 0

SBM Offshore’s 2024 Revenue Soars 35% to Record High

(Reuters) Dutch oil and gas services firm SBM Offshore's annual revenue jumped 35% to a record high in 2024, driven by the sale of its floating production, storage and offloading vessels (FPSO) in Suriname and Guyana, the company said on Thursday. SBM Offshore's shares rose 9.3% to 20.04 euros at 0851 GMT, their highest in... Continue Reading →

February 20, 2025 0

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Category: Brazil

Allseas preps for huge subsea pipeline job at Brazil’s supergiant ultra-deepwater oil field

Seacrest Petróleo files for bankruptcy protection after collection proceedings from Petrobras and former financial advisor

Guyana’s oil output fell to 620,000 bpd in January, government says

Petrobras considers cancelling FPSO tender after high bid, sources say

Foresea closes 2024 with a net profit of US$ 18 million and a backlog of over US$ 1.7 billion

Petrobras on resignation of Member of the Board of Directors

Constellation Plans Oslo Stock Exchange Listing

Petrobras informs about operations with Banco do Brasil

Brava Energia to Connect Four More Wells to Atlanta FPSO

SBM Offshore’s 2024 Revenue Soars 35% to Record High

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