3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3) in compliance with the provisions of CVM Resolution No. 44, informs its investors and the market in general that the production of Papa Terra Cluster has been temporarily interrupted by the Company, on the morning of May 15 due to restrictions on the offloading... Continue Reading →
Shell and Petrobras book Noble’s drillships
Noble Corporation has won contracts with UK-headquartered energy giant Shell and Brazilian state-owned oil and gas giant Petrobras, respectively, for two of its 7th-generation drillships. Shell has contracted Noble Voyager to drill a deepwater exploration well offshore Mauritania. The drillship is currently operating for the energy giant offshore Mexico. The new contract has an estimated... Continue Reading →
SBM commits to eighth `replica’ FPSO hull
(OM) SBM Offshore has ordered the eighth Fast4Ward MPF FPSO hull under its Fast4Ward program. CMHI (China Merchants Heavy Industry Co.) will construct the hull. To date, SBM has delivered six hulls to confirmed field developments and has granted exclusivity for the seventh to ExxonMobil Guyana. In its latest results review, the company provided an... Continue Reading →
Petrobras Financial Performance in 1Q23 – Message from CEO
Dear shareholders and investors, I am very proud to share with you the first quarterly results of Petrobras under our management. Since I became CEO, in January, I have been working so that Petrobras can become more efficient, financially healthy and inclusive, where people are the focus of decisions and the top priority. If today... Continue Reading →
MODEC to Deliver Highly Complex FPSO for Equinor’s $9B Project Offshore Brazil
(OE) Japanese FPSO supplier MODEC has won a contract with Equinor to supply an FPSO vessel for the BM-C-33 block of the Campos Basin offshore Brazil. The order comes just days after Equinor and its partners Repsol Sinopec Brasil, and Petrobras took the $9 billion investment decision to develop the BM-C-33 project in Brazil. Located in the... Continue Reading →
3R Petroleum preliminary unaudited production data for April 2023.
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), following best practices in corporate governance, informs its investors and the market in general the preliminary unaudited production data for April 2023. (1) It does not consider gas production at the Areia Branca, Fazenda Belém and Papa Terra Clusters, as it is consumed in... Continue Reading →
ExxonMobil orders TechnipFMC subsea production system for Guyana project
TechnipFMC has secured a “large” contract by ExxonMobil to deliver a subsea production system for a recently sanctioned oil development project in Stabroek block offshore Guyana. Under the contract awarded by ExxonMobil affiliate Esso Exploration and Production Guyana, TechnipFMC will provide project management, engineering, and manufacturing to deliver the overall subsea production system for the Uaru project. The... Continue Reading →
Shell on the verge of doling out contract to M.A.R.S. for recycling of Brazilian FPSO
Shell Brasil, a subsidiary of the UK-headquartered energy giant Shell, has awarded a green recycling limited notice to proceed (LNTP) agreement to Modern American Recycling Services, Europe (M.A.R.S.) for a floating production storage and offloading (FPSO) vessel working off the coast of Rio de Janeiro. M.A.R.S. disclosed on Monday, 8 May 2023, that it had... Continue Reading →
PRIO update on the Frade Revitalization
Petro Rio S.A. ("Company" or "PRIO") (B3: PRIO3) informs that, following the second phase of the revitalization of the Frade field, it has found evidence of oil in the Maracanã prospect (3-PRIO-1-RJS well), which is located 6km southwest of Valente FPSO. The primary target (Eocene sandstone), presented a column of 36 meters of oil, with... Continue Reading →
Subsea7 expands fleet of support vessels with Seven Vega
(PN) Subsea7 has expanded its fleet of vessels in Brazil with the addition of the Seven Vega – offshore construction vessel (OCV). The vessel will operate in the Bacalhau field, operated by Equinor in the Santos basin, where the Subsea Integration Alliance is conducting the offshore campaign. “We are immensely proud to bring such a... Continue Reading →