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(oilnow) MODEC and SBM Offshore are competing for an engineering, procurement and construction (EPC) award from TotalEnergies for Suriname’s first floating production, storage and offloading (FPSO) vessel, Upstream said in a March 25 report. The publication said the companies have stepped up efforts to secure yard space, after both conducting front-end engineering and design studies... Continue Reading →
(OE) MODEC has secured the Front-End Engineering and Design (FEED) contract for a floating production storage and offloading (FPSO) system for Shell’s Gato do Mato development, offshore Brazil. Gato do Mato FPSO will be moored at a water depth of approximately 2,000 meters, some 250 kilometers off the coast of Brazil. MODEC will be responsible... Continue Reading →
(Zacks)The year 2024 comes as a period of strong growth and significant opportunities in the ever-changing landscape of the oil and gas industry. WTI crude prices have risen above the $80 mark owing to a combination of factors contributing to a tighter global supply. Geopolitical tensions in the Middle East and an escalating conflict between... Continue Reading →
(energypost.eu) The new frontier of offshore wind power is floating wind turbines. That’s because they can be installed in deep water where wind speeds are consistently higher. The new designs have the floating turbines, that bob and sway with the waves and wind, stabilised with ballast or anchored with chains to the seafloor. Emma Edwards at Oxford... Continue Reading →
( Offshore-energy.biz) UK-based offshore drilling contractor Stena Drilling is set to deliver an equipment upgrade for its newest drillship that is expected to make it capable of drilling in previously inaccessible reservoirs. The seventh-generation drillship Stena Evolution is about to undergo an equipment upgrade which will make it capable of drilling and completing wells requiring... Continue Reading →
Constellation, leader in the offshore drilling market in Brazil, recorded net revenue of US＄552 million in 2023, a growth of 36% compared to the previous year. The result before interest, taxes, depreciation and amortization (Ebitda) was US＄ 185 million, 176% higher than in 2022. The company released its 2023 financial results to the market this... Continue Reading →
(PN) PRIO, one of the largest independent oil and gas companies in Brazil, is celebrating the production results of Campo de Frade, located in the Campos Basin (RJ), which is completing its fifth year of activities with the company. The field was acquired in March 2019. At the end of 2023, PRIO completed the second... Continue Reading →
(JPT) Brazilian independent Enauta has agreed to sell a 20% participating interest in the BS-4 concession, which includes the Atlanta and Oliva fields, to Westlawn Americas Offshore (WAO) for $301.7 million. WAO is a portfolio company of Westlawn Group LLC and owns various interests in the Gulf of Mexico offshore basins. Enauta said the sale... Continue Reading →
(TN) In February, Constellation and Sapura concluded an unprecedented operation to change the thruster at sea on the Laguna Star drillship, under contract with Petrobras, around 200km off the coast of Rio de Janeiro. The operation, in a water depth of more than 2,000 meters, was carried out without the need for the drilling unit... Continue Reading →
(PN) One of the challenges for implementing offshore wind farms in Brazil is defining the technology for transporting energy generated at sea to the continent. With this in mind, the Center for Research and Innovation in Greenhouse Gases (RCGI) began carrying out studies to understand the best technology for transmitting energy and, at the same... Continue Reading →
Brazil Energy Insight 