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While Modec finalizes the construction works of the FPSO Carioca, Petrobras is advancing in licensing the project. The state-owned company has requested Ibama in the last few days for the operating license of the platform vessel, which it will produce in the Sépia field, in the Santos basin. The FPSO will be installed approximately 250... Continue Reading →
The oil majors’ retreat from frontier plays limits future drillship demand with deepwater, investment looks limited to Brazil and Guyana, writes Gregory Brown, Maritime Strategies International. The future of offshore deepwater investment is under the microscope. In a world where oil demand may have peaked and Opec and its allies have at least 7 Mn... Continue Reading →
PJ Valves (PJV), a UK-based manufacturer and supplier of valves to the global energy industry, has been awarded two FPSO valve contracts for Petrobras projects in Brazil. PJ Valves said on Tuesday that the company would manufacture and supply valves packages to both projects in the Santos and Campos basins. One of the deals was... Continue Reading →
The state-affiliated Japan Bank for International Co-operation (JBIC) has agreed to loan $352mn to a Japanese consortium developing a floating production, storage and offloading (FPSO) unit, which will be chartered to Brazil's state-controlled Petrobras for use at the Marlim oil field in the Campos basin offshore Brazil. The loan will be co-financed by private banks... Continue Reading →
Norwegian offshore vessel owner DOF has won a contract with the Petrobras-led Libra consortium to provide a multi-purpose support vessel for work at the Mero offshore oil field in Brazil. The Libra Consortium is led by Petrobras - with a 40% interest - in partnership with Shell Brasil (20%) ; Total (20%), CNODC (10%) and CNOOC... Continue Reading →
2020 set the stage for a profound transformation in the oil and gas industry. The oil and gas industry was already facing a challenging transition process as economies move toward a low-carbon future; however, surviving and prospering in a low-oil-price and high-risk environment is an even greater and more urgent challenge. Producers with relatively high-cost... Continue Reading →
(Reuters) - Brazil has had a boom in oil and gas auctions since 2017, before the pandemic postponed new bids, but the first wells drilled by the winners of these disputes have disappointed, which sparks alerts for the government in relation to the next rounds, Wood Mackenzie analysts told Reuters. The initial results considered "disappointing"... Continue Reading →
Leveraged by the pre-salt, Brazil was the fifth country that most increased oil production between 2011 and 2019, in the world. One of the main highlights of oil geopolitics in the decade of 2010, the expectation is that Brazil's relevance in the global market will increase even more in the coming decades. Valor’s Survey, based... Continue Reading →
Offshore drilling contractor Noble Corporation has been awarded a long-term extension for the ultra-deepwater drillship Noble Tom Madden from ExxonMobil. Noble said on Thursday that it has been awarded approximately 6.5 years of additional contract term under the commercial enabling agreement (CEA) with ExxonMobil for work offshore Guyana. The Noble Tom Madden was previously contracted... Continue Reading →
Malaysia's Yinson said its floating production, storage and offloading unit (FPSO) Anna Nery sailed away from the Cosco Qidong shipyard in Jiangsu, China and has entered drydock at the Cosco Changxing shipyard in Shanghai, marking the next phase of the FPSO construction. FPSO Anna Nery, which is being built from a converted tanker Falcon, is Yinson’s first... Continue Reading →
Brazil Energy Insight 