Oilfield services giant TechnipFMC has secured an additional contract and received notice to proceed from ExxonMobil for its Yellowtail development in the Stabroek Block offshore Guyana. The newly announced, "significant" flexibles contract covers six risers that are qualified for high pressure and high temperature. For TechnipFMC, a “significant” contract is between $75 million and $250... Continue Reading →
Petrobras looks to add up to eight floating rigs next year
Petrobras has just issued a tender to contract up to eight ultra-deepwater rigs for drilling operations offshore Brazil, according to Esgian. The consulting firm reports that the tender is divided into three lots. Lot 1 is for up to two high-spec rigs with drilling capabilities in water depths up to 3,000m (~10,000ft). Lot 2 is... Continue Reading →
TotalEnergies picks TechnipFMC subsea production systems off Angola
TechnipFMC has signed a frame agreement with TotalEnergies for the delivery of subsea production systems offshore Angola. Under the agreement, TechnipFMC is set to deliver its Subsea 2.0 production systems for brownfield developments in Block 17 in Angola. “Subsea 2.0 products use standardized components that are pre-engineered and qualified, which allows equipment to be rapidly... Continue Reading →
Petrobras starts production from FPSO Guanabara in the Mero field
Petróleo Brasileiro S.A. – Petrobras informs that, on April 30, 2022, it started producing oil and natural gas through FPSO Guanabara, the first definitive production system installed in the Mero field, in the Santos Basin pre-salt. The platform, an FPSO (floating unit for the production, storage, and transfer of oil and gas) type, is capable... Continue Reading →
Modec free to participate in future Petrobras tenders
(PN) The 13-month period of suspension of Modec from Petrobras bids comes to an end on the 30th of April. Petrobras suspended Modec for the poor performance in the operations of three FPSOs: Cidade de Rio de Janeiro, Cidade de Santos and Cidade de Niteroi. Modec's suspension from Petrobras' bids came into effect at the... Continue Reading →
Mero FPSO offshore Brazil close to start-up
(OM) Petrobras expects to start up the FPSO Guanabara next month at the Mero field in the deepwater Libra block, offshore Brazil. Connection activities at the oilfield – the third largest in Brail’s pre-salt regions after Búzios and Tupi – have finished, and the company is now waiting on regulatory approvals to initiate production. This is the first permanent... Continue Reading →
Subsea 7 sees growth in revenues, expects tendering activity to remain high
Subsea 7 has reported a revenue of $1.2 billion in the first quarter of 2022, an increase of $197 million or 20% compared to Q1 2021, said to reflect strong growth in the Subsea and Conventional business unit. According to the UK-based company, the increase in revenue is impacted by significant activity on the Sakarya project... Continue Reading →
Afentra to Buy Into Two Offshore Blocks in Angola
Oil and gas company Afentra plc, led by former Tullow CEO Paul McDade, has signed an agreement with Angola's Sonangol to buy interests in Block 3/05 and Block 23, offshore Angola. Afentra will pay $80 million and could also pay contingent payments of up to $50 million in aggregate in the case of Block 3/05, with... Continue Reading →
Petrobras on Atapu and Sepia contracts
Petróleo Brasileiro S.A. – Petrobras informs that it signed today the Production Sharing Contract for the Surplus Volumes to the Transfer of Rights of Atapu in partnership with Shell Brasil Petróleo Ltda (Shell - 25%) and TotalEnergies EP Brasil Ltda. (TotalEnergies - 22.5%), and a Production Sharing Contract for the Surplus Volumes to the Transfer... Continue Reading →
Petrobras on receiving compensation for Sépia
Petróleo Brasileiro S.A. – Petrobras informs that it received today, at sight, the amount of R$ 14.55 billion from TotalEnergies EP Brasil Ltda. (TotalEnergies), Petronas Petróleo Brasil Ltda. (Petronas) and QP Brasil Ltda. (QP), related to the 70% stake of these companies in the Sépia compensation, block acquired by the consortium composed by Petrobras (30%),... Continue Reading →
Brazil Energy Insight 