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Petrobras made new advances in its exploratory program in the Santos Basin. This time, the company started drilling the second extension well in block SM-623, where the Sagitario prospect is located. The well received the technical name 3-BRSA-1388D-SPS and is located in a water depth of 1,867 meters. Drilling meets a requirement made by the... Continue Reading →
(PN) Petrobras has again extended the deadline for submitting proposals in the bidding process for contracting the new FPSO in the Albacora field. Now, the companies involved in the process will be able to file their bids until the 15th of September, as stated on the Petronect website. This is the second calendar postponement. As... Continue Reading →
Marine geophysical company PXGEO on Friday announced it has secured a contract with Petrobras for a 3D ocean bottom node (OBN) survey in the Campos Basin, Brazil. The survey is to be acquired in water depths of 2,300 meters with a duration of approximately 10 months, the company said.
Brazilian oil and gas player Enauta has concluded a scheduled maintenance shutdown for a floating, production, storage, and offloading (FPSO) vessel, which is currently working on a field offshore Brazil. Back in May 2023, Enauta started preventive maintenance at the FPSO Petrojarl I. The production at the Atlanta field was expected to resume in mid-June, with the resumption of production... Continue Reading →
(Reuters) - The chief executive of Brazil's state oil company Petrobras (PETR4.SA) said on Thursday he expects to resume work on a major nitrogen fertilizer project in the city of Tres Lagoas, and hinted at new gas projects in Bolivia. Chief Executive Officer Jean Paul Prates predicted starting construction again at the project at an event in... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) and Guyana are in talks over which unexplored offshore areas will be returned to the government, people close to the discussions said, as the nascent oil nation seeks to attract new operators to the country. The Exxon-led consortium that controls offshore production in Guyana this year was required to return 20%... Continue Reading →
(OE) After a slowdown in activity during 2020/2021 due to soft commodity prices, demand for FPSOs is picking up. With exploration hotspots like Namibia’s Orange Basin and the East Mediterranean delivering new finds, the FPSO market outlook is healthy. But shipyard capacity constraints are beginning to weigh on delivery, leading to cost concerns. Furthermore, FPSO... Continue Reading →
SBM Offshore is pleased to announce it has signed the project financing of FPSO Alexandre de Gusmão for a total of US$1.615 billion. The project financing is provided by a consortium of 12 international banks with insurance cover from 3 international Export Credit Agencies (ECA). The financing is composed of four separate facilities with a... Continue Reading →
The Brazil-bound FPSO Sepetiba sailed away from the BOMESC shipyard in China on June 16, 2023, following completion of the topsides integration and onshore commissioning phases. The unit—SBM Offshore’s third Fast4Ward FPSO—is transiting to the Mero field in the Santos Basin offshore Brazil, located 180 kilometers offshore Rio de Janeiro. SBM Offshore has a contract... Continue Reading →
(Reuters) - Guyana will postpone by about one month its first offshore oil blocks auction as the country finalizes new terms of the country's oil and gas regulatory framework, Vice President Bharrat Jagdeo told Reuters on Friday. The South American nation has three times before delayed the offer of 14 offshore blocks intended to recruit... Continue Reading →
Brazil Energy Insight 