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Demand from the world’s top oil companies for floating drilling units is set to rise through 2020 and 2021, according to Norwegian energy research and consultancy firm Rystad Energy. Rystad Energy said last week that the demand from the world’s top oil companies for floating drilling units had climbed steadily in the past two years... Continue Reading →
Dutch FPSO provider SBM Offshore has launched a video of its first completed Fast4Ward FPSO hull arriving in Singapore. As previosuly reported, the hull reached Singapore in mid-January 2019. SBM Offshore said that the Fast4Ward MPF hull had arrived at Keppel in Singapore following its journey of 2,300 nautical miles from the Shanghai Waigaoqiao Shipbuilding and Offshore... Continue Reading →
Feb 1, 2020 Petrobras has already redirected the P-70 to the area where it will be anchored in Guanabara Bay to wait for the necessary authorizations before proceeding to the Atapu field, in the Santos Basin pre-salt. Due to the storm that hit the metropolitan region of Rio de Janeiro on Thursday night (01/30), the... Continue Reading →
The U.S. government is ready to help Brazil design more effective oil auctions, the U.S. secretary of energy said on Sunday, after the South American nation's attempt to sell tens of billions of dollars of production rights to private firms last year largely flopped. In November, Brazil, a staunch U.S. ally under far-right President... Continue Reading →
Tullow Oil's Orinduik Block offshore Guyana could hold 5,1 billion barrels of oil equivalent in Gross Prospective Resources, best estimate, according to Gustavson Associates, an independent third-party auditor. This is more than a billion-barrel increase previous estimate of Gross Prospective Resources of 3,981 MMBOE in March 2019, for the 1800km2 block sitting 170 km offshore... Continue Reading →
Japanese FPSO giant MODEC has ordered a seawater treatment package for the FPSO Almirante Barroso from Veolia Water Technologies. Under the contract, Veolia will be responsible for the design and procurement of equipment with construction for a seawater treatment plant sized for 280,200 BPD (44,450 m3 /day) of low sulfate water for the Almirante Barroso... Continue Reading →
Brazil’s offshore construction specialist Estaleiros do Brasil Ltda (EBR) has completed the construction of two modules for the FPSO Guanabara MV31. The FPSO is being built by MODEC Offshore Production Systems Singapore and will operate in the Mero field in the giant pre-salt region offshore Brazil. EBR said on Friday that the modules, shipped on... Continue Reading →
Jan 31, 2020 In 2019, the Brazilian production of oil and natural gas was 3.559 million barrels equivalent per day (MMboe / d), totaling 1.299 billion barrels of oil equivalent, an increase of 8.1% in relation to 2018. The State of Rio de Janeiro, where the Lula and Búzios fields are located, has been increasing... Continue Reading →
Jan 30, 2020 With the possibility of postponing to 2021 the auctions under the sharing regime and the surplus Transfer of Rights of the Sépia and Atapu areas, the market's attention is focused on the next auction in the concession model, the 17th Bidding Round of the National Agency Petroleum, Natural Gas and Biofuels (ANP),... Continue Reading →
Norway’s Equinor has entered into Front End Engineering and Design (FEED) contracts with early commitments and pre-investments for phase 1 of the Bacalhau (formerly Carcará) area in Brazil. Contractors have been selected for both the SURF (Subsea, Umbilical, Risers and Flowlines) and the FPSO (Floating Production, Storage and Offloading) contracts, Equinor said on Thursday. Subsea... Continue Reading →
Brazil Energy Insight 