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(Bloomberg) --Oil majors are gearing up to explore off the coast of Colombia, offering hope to a country struggling to reverse declines in reserves and output of its biggest export. Royal Dutch Shell Plc is planning to drill this year in the Caribbean, while Exxon Mobil Corp., Repsol SA and state-controlled Ecopetrol SA will follow... Continue Reading →
(PetroNoticias) Sembcorp Marine, through its wholly-owned subsidiary Estaleiro Jurong Aracruz (EJA), won an Addendum to the Tupi BV Contract valued at approximately US$ 175 million for modification works to be completed on FPSO P-71. Originally designed for the Tupi field, the FPSO P-71 will undergo modifications and integration for deployment in the Itapu field. The... Continue Reading →
(PetroleoHoje) The contracting of the P-80, FPSO that will make up the 9th unit in Buzios, should only take place in 2022. Less than two months after releasing the bid notice for the acquisition of the new unit in the cluster field under the EPC regime, Petrobras has postponed the delivery date of the proposals... Continue Reading →
NDT inspections specialist TSC Subsea has opened a new base in Rio de Janeiro as part of its plans to expand across Brazil and further into Latin America. TSC Subsea had so far supported Brazil remotely but decided to open a permanent base in response to increased operations. The company, which has bases in the UK... Continue Reading →
Τhe FPSO market is booming this year, with more contracts awarded in the second quarter of 2021 than during the full year 2020. Rystad Energy expects FPSO awards to reach a total of 10 units in 2021, with another 10 following next year, creating a very healthy project line-up for contractors, effectively doubling their pipeline.... Continue Reading →
Reuters) Norway's BW Energy and Brazil's DBO Energy have sent bids for Petrobras' offshore oil cluster Golfinho PETR4; PETR3, two knowledgeable sources told Reuters. The oil company has sold dozens of assets in recent years – from oil pipelines to refineries – in order to reduce its debt and focus on oil production in deep... Continue Reading →
Baker Hughes has secured two contracts by Petrobras to provide 322 kilometers of flexible pipes across five fields offshore Brazil. The first contract covers up to 96 kilometers of flexible pipe for the Sapinhoá and Tupi fields, while the second covers up to 226 kilometers of flexible pipe for the Marlim 2 and Itapu fields. Baker Hughes’ flexible... Continue Reading →
Dutch floater operator SBM Offshore has completed the project financing for a total of $1.05 billion for the FPSO Prosperity, which is destined to operate on ExxonMobil’s Payara development offshore Guyana. The project financing, secured by a consortium of 11 international banks, will be drawn in full, phased over the construction period of the FPSO.... Continue Reading →
Brazilian oil company Enauta said Monday it had completed the transfer of a 50% stake in the Atlanta offshore field, previously held by Barra Energia. Enauta in April said it had received regulatory approval to take full ownership of the Atlanta offshore oil field in Brazil, following the decision by its partner Barra Energia to exit... Continue Reading →
(Oilprice) Latin America’s largest oil producer Brazil is one of the worst affected countries globally by the COVID-19 pandemic. According to the World Health Organization, Brazil is the third ranked country by volume of cases and second by deaths. There were fears earlier this year that the rapid spread of the virus would derail Brazil’s offshore oil... Continue Reading →
Brazil Energy Insight 