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U.S. offshore engineering and construction company McDermott has been awarded a sizeable contract by BHP to provide pre-front-end engineering design (pre-FEED) services for a floating production unit (FPU) that will be installed at the Trion field offshore Mexico. The FPU will be installed in a water depth of approximately 8,200 feet (2,500 meters) at the... Continue Reading →
Mar 26, 2020 Shell released the definitive bid for chartering the FPSO for the project to develop the production of Gato do Mato. Continuing the RFI (Request for Information) started in May 2019, with several technical alternatives for the unit, the oil company finally resolved on the production capacity of the unit it will produce... Continue Reading →
Norwegian energy intelligence firm Rystad Energy expects that majority of Africa’s top planned oil and gas projects that were expecting final investment decisions under an oil price assumption of between $55 and $60 per barrel will be hit hard by the current oil prices and coronavirus impact. "Now, with oil prices falling to below their... Continue Reading →
Mar 25, 2020 ANP is launching today (3/25) the “Study on the Use of Pre-Salt Natural Gas”. The publication focuses on increasing the commercialization and participation of natural gas from the Pre-Salt in the country's energy matrix, in line with the guidelines established in Resolutions nº 10/2016, 17/2017 and 16/2019 of the National Energy Policy... Continue Reading →
March 24, 2020 Petrobras launched invitations to bid for the fourth definitive Libra production system Last Saturday (March 21), Petrobras launched invitations to tender for the charter of the fourth final FPSO in the Mero field, scheduled to go into operation in 2025. The submission of proposals was scheduled for 17 August. By then, the... Continue Reading →
Teekay Offshore Partners L.P., a provider of offshore oil production and storage vessels for the offshore oil and gas industry, has changed its name. The company announced Tuesday its name has changed to Altera Infrastructure L.P. effective 24 March 2020. The move comes following the recent acquisition of the company by Brookfield Business Partners L.P.... Continue Reading →
Mar 23, 2020 Amid the 21% drop in Brent-type oil prices, in the past week, oil companies are beginning to move to face the crisis scenario triggered by the covid-19 pandemic and the market dispute between Saudi Arabia and Russia. In Brazil, PetroRio announced that it will postpone investments, while Petrobras resorted to a disbursement... Continue Reading →
Mexico's oil regulator approved on Friday a request by French oil company Total SA to give up its exploration and production rights to a deep water block in the southern Gulf of Mexico that the firm had won at auction in 2016. The regulator said Total decided to return the block due to the results... Continue Reading →
Mar 20, 2020 Despite the turbulent scenario, Petrobras kept schedule for receiving offers for a new Libra FPSO. SBM and Misc, belonging to the Petronas group, submitted bids for Petrobras' tender for the charter of the Mero 3 FPSO, which is scheduled to go into operation in 2023 in the Santos Basin pre salt. The... Continue Reading →
MAR 19, 2020 In the midst of all this confusion, good news. In yet another contribution to the digitalization of the oil and gas sector, Repsol Sinopec Brasil, Shell Brasil and Deep Seed Solutions signed a contract for the development of the i-Concept project. The objective is to develop digital technology to improve and accelerate... Continue Reading →
Brazil Energy Insight 