Brought to you by Quest Offshore & Southern Cone Consultants
-Petrobras, Brazil’s state-controlled oil giant, is plowing through a global oil glut expecting that exports to China will soon rebound, and with extensive storage capacity helping it endure in the meantime. Demand destruction from the Covid-19 pandemic has prompted producers globally to shut in barrels nobody wants. While there’s no real winners with oil prices... Continue Reading →
Malaysian FPSO supplier Yinson has signed a deal with Japan's Sumitomo for the latter's participation in the Marlim FPSO project. Yinson said Thursday that the two companies concluded an agreement for their participation in the charter, operations, and maintenance of FPSO Anna Nery, an FPSO for Petrobras' Marlim revitalization project in Brazil. Continue reading
The negative effects of the global recession caused by the public health crisis did not substantially impact Petrobras’ production and sales performance in the first quarter, according to the Brazilian oil company’s production and sales report. Petrobras said on Monday that the average production of oil, NGL, and natural gas was 2,909 kboed, resulting in... Continue Reading →
FPSO operator BW Offshore has signed an agreement with Petrobras for an extension of the lease and operation of BW Cidade de São Vicente in Brazil. BW Offshore said on Tuesday that the extension was for 48 days and that the contract would expire on 11 June 2020. Continue reading
Apr 27, 2020 Petrobras submitted to Ibama authorization to drill a well, called Anhanguá, in block POT-M-762, in the Potiguar Basin. The planned activity will be carried out 75 km off the coast of Ceará, in a water depth of 2,200 m, and the expected oil characteristics are 28º API, similar to that found in... Continue Reading →
Apr 27, 2020 Petronas group company, Misc, negotiates with Petrobras the chartering of the third production unit for the Mero 3 field. Petrobras and Misc initiated direct negotiation of the daily rate offered in the tender for the charter of the FPSO of Mero 3 - an indication that the group offered a lower price... Continue Reading →
With an increasing focus on improving efficiencies throughout the global energy sector, the installation of subsea structures on the seabed can pose complex and costly challenges if handled incorrectly. It is essential that installation work is completed thoroughly and quickly, due not only to the harsh conditions which equipment can face, but also to the... Continue Reading →
Apr 22, 2020 After a long period of negotiations, ExxonMobil signed a contract with Seadrill to charter the drill ship West Saturn, which will be responsible for resuming its exploratory activity in Brazil. The value of the contract was not disclosed, but it is estimated that the daily rate agreed was around US $ 250... Continue Reading →
Tokyo, April 21, 2020 MODEC, Inc. ("MODEC") is pleased to announce that a US$ 1.1 billion project bond, issued by an affiliate of MODEC in August 2019, has been awarded "Marine Money Offshore Deal of the Year 2019" in the Innovation category. This issuance by MV24 Capital B.V., an affiliate of MODEC, was for the... Continue Reading →
April 20, 2020 Shell starts, by the end of April, drilling its first well on Saturno, a block acquired in the 5th Production Sharing Round, in 2018. The information was confirmed by the company to PetróleoHoje. According to the activity characterization form, submitted to Ibama in 2018, the active drilling project foresees up to five... Continue Reading →
Brazil Energy Insight 