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Eni Angola, a wholly-owned subsidiary of Azule Energy, has awarded Malaysian FPSO operator Yinson with a contract to deliver a floating, production, storage and offloading (FPSO) asset for the Agogo field development located offshore Angola. Under the firm contract, Yinson will provide, operate and maintain the FPSO for the Agogo Integrated West Hub Development Project,... Continue Reading →
Brazilian oil and gas player Enauta has completed the preventive maintenance activities for a floating, production, storage, and offloading (FPSO) vessel, which is carrying out operations on a field offshore Brazil. Enauta disclosed on Monday, 27 February 2023, that the preventive maintenance of the water-cooling system of the FPSO Petrojarl I was concluded and the production at... Continue Reading →
Petrobras set a record in CO2 capture, use and geological storage (the so-called Carbon Capture, Utilization and Storage - CCUS) in 2022, reaching the mark of 10.6 million reinjected tons (equivalent to 5.8 billion m³ of CO2 ). For comparison purposes, this portion corresponds to 27% by volume of the total gas reinjected in our... Continue Reading →
Dutch FPSO operator SBM Offshore is working on several floating, production, storage and offloading (FPSO) projects and two of these vessels are expected to achieve the first oil this year. While disclosing its record full-year 2022 directional underlying EBITDA of $1 billion, the revenue of $3.29 billion and the year-end backlog of $30.5 billion, SBM... Continue Reading →
Offshore installation services company Subsea 7 said Friday it had won a "sizable" vessel contract with the Brazilian oil company Petrobras. The contract is for the 145.9m pipelay support vessel (PLSV) Seven Cruzeiro off the coast of Brazil. It extends the vessel's current contract from February to November 2023. For Subsea 7, a "sizeable contract"... Continue Reading →
Dutch oil and gas services firm SBM Offshore forecast on Thursday an annual revenue of above $2.9 billion for 2023, bringing its guidance for earnings before interest, taxes, depreciation, and amortization (EBITDA) to above $1 billion. The group, which supplies and operates floating production, storage and offloading (FPSO) vessels, reported an EBITDA of $1.01 billion... Continue Reading →
Offshore drilling is making a comeback after several challenging years, and Transocean, a major deepwater drilling contractor, expects to see a multi-year upcycle in the offshore drilling industry. "Looking back, 2022 will be remembered as a pivotal year in Transocean’s history," said Chief Executive Officer Jeremy Thigpen in an announcement on the company’s financial results on Tuesday.... Continue Reading →
Guyana is working with the Indian government on awarding oil and gas exploration blocks to Indian companies, Vice President Bharrat Jagdeo said on Wednesday. The South American nation, home to one of the largest oil discoveries of the last decade, has also offered 14 offshore exploration blocks in its latest global auction round. Jagdeo said the blocks to be... Continue Reading →
(OE) French oil major TotalEnergies is set to embark on a multi-well appraisal and exploration program offshore Nambia, where it made one of the world's largest oil discoveries in 2022, by drilling the Venus-1x well. According to Impact Oil & Gas Limited, one of TotalEnergies' partners in the offshore acreage in Nambia, the drilling will... Continue Reading →
Brazilian oil and gas player Enauta has revealed that a floating, production, storage and offloading (FPSO) vessel, which is carrying out operations on a field offshore Brazil, has embarked on preventive maintenance activities. Enauta disclosed on Wednesday, 22 February 2023, that the water-cooling system of the FPSO Petrojarl I entered preventive maintenance and the maintenance interruption should... Continue Reading →
Brazil Energy Insight 