Brought to you by Quest Offshore & Southern Cone Consultants
(OM) Petrobras has launched a large-scale tender to charter up to 18 platform supply vessels as part of the national oil company’s efforts to develop new frontiers and expand production over the next three years. The selection process will be in line with Petrobras’ usual closed-bid model, with the lowest price as the primary selection... Continue Reading →
(PN) Karoon announced that it has completed the transaction with Altera & Ocyan for the purchase of FPSO Cidade de Itajaí, located in the Baúna field, in the Santos Basin. The total value of the deal was US$115 million, plus approximately US$8 million in transaction costs, with the final payment of US$85 million to be... Continue Reading →
(OE) BW Energy has made a final investment decision (FID) for the Maromba development offshore Brazil, which will feature an integrated drilling and wellhead platform (WHP) and a refurbished floating production, storage and offloading (FPSO) unit. The Maromba development targets 500 million barrels of oil in place in the highly delineated and tested Maastrichtian sands.... Continue Reading →
(OE) Pan American Energy and its partners Pampa Energia, Harbour Energy, YPF, and Golar LNG have taken the final investment decision (FID) for the Southern Energy floating liquefied natural gas (FLNG) export project in Argentina. The Southern Energy FLNG project which envisages deploying two of Golar LNG's FLNG vessels - the Hilli Episeyo and MK... Continue Reading →
(Reuters) - Exxon Mobil on Friday beat Wall Street's estimate for first-quarter profit as higher oil and gas production from Guyana and the Permian basin helped boost earnings. The largest U.S. oil producer paid $4.3 billion in dividends and repurchased $4.8 billion in shares during the quarter. The buyback figure puts Exxon on track to meet... Continue Reading →
(OE) TMC Compressors (TMC) has secured orders for complete marine compressed air systems for 12 liquefied natural gas (LNG) vessel newbuilds and one floating production storage and offloading (FPSO) unit. As part of the first order, Hanwha Ocean picked TMC to deliver the marine compressed air system to 12 LNG vessels the South Korean shipbuilder... Continue Reading →
Petrobras reported oil, gas and gas liquids production of 2.77 million barrels of oil equivalent per day (boed) in the first quarter, down 0.2% from a year earlier. Petrobras' oil production in Brazil fell by 1% year-on-year, to 2.21 million barrels per day (bpd). Click here for the full 1Q25 Production & Sales Report .
(OE) MODEC has executed a contract with Sumitomo Heavy Industries for the delivery of Gato do Mato floating production, storage and offloading (FPSO) unit for Shell, which will be deployed offshore Brazil. MODEC and Sumitomo Heavy Industries signed a contract for the forward block of MODEC’s new generation hull for the Gato do Mato FPSO,... Continue Reading →
Oil States announced the signing of a new contract with Petrobras to provide inspection and maintenance services for cranes and cargo handling equipment on offshore platforms. The agreement will last three years and will cover units located in the Tupi, Berbigão and Atapu fields in the Santos Basin. According to the company, the services will... Continue Reading →
(offshore-energy.biz) China-based provider of clean energy services Wison New Energies (WNE) has won a detailed feasibility study (DFS) for a newbuild floating liquefied natural gas (FLNG) facility set to work at a block offshore Suriname operated by Malaysia’s energy giant Petronas. The FLNG unit is slated to work at Block 52, located north of the Surinamese... Continue Reading →
Brazil Energy Insight 