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(Reuters) - Oil output in Guyana fell about 3% to 627,000 barrels per day (bpd) in March from the previous month, but the 631,000 bpd produced in the first quarter was 3% higher year-on-year, data from the country's energy ministry showed on Thursday. Guyana last year became Latin America's fifth largest oil exporter after Brazil, Mexico, Venezuela... Continue Reading →
BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), in compliance with the provisions of CVM Resolution No. 44 and the Novo Mercado Regulation, and complementing the Material Fact disclosed on January 30, 2024, hereby informs its shareholders and the market in general that, on this date, Mr. Carlos José do Nascimento Travassos has assumed the... Continue Reading →
(OE) MODEC has been awarded a contract by ExxonMobil Guyana to develop an FPSO for the Hammerhead project. The Hammerhead FPSO will have the capacity to produce 150,000 barrels of oil per day (BOPD), along with associated gas and water. It will be moored at a water depth of approximately 1,025 meters using a SOFEC... Continue Reading →
(offshore-energy.biz) Australia’s oil and gas company Karoon Energy has set its cap on finding a partner ahead of making a final investment decision (FID) for an oil field discovery in the Santos Basin off the coast of Brazil. The firm is moving forward with the next stage of development, which includes the entry into the... Continue Reading →
(Reuters) - A consortium led by U.S. oil major Exxon Mobil is about to begin installing its fourth floating oil production facility in Guyana, the South American country's maritime regulator said in a notice on Tuesday. The floating production storage and offloading (FPSO) facility 'One Guyana,' built by SBM Offshore with a 250,000 barrel-per-day capacity, departed Singapore... Continue Reading →
(Reuters) - A dispute between state-run oil company Petrobras and steelmaker Gerdau will delay the first dismantling of an oil production vessel in Brazil by at least a year, people familiar with the matter said, in a setback for local shipyards. The operation had been hailed as a chance to reinvent Brazil's struggling shipbuilders as industrial recyclers,... Continue Reading →
MODEC, Inc. [“MODEC”; TSE: 6269], a publicly listed company on the Tokyo Stock Exchange, and a leading floating solutions provider in the global floating production, storage and offloading (FPSO) industry, has officially opened its new execution center in Kuala Lumpur. This affirms MODEC’s commitment to Malaysia as a strategic hub for regional business operations, innovation,... Continue Reading →
(OE) Mitsubishi Heavy Industries (MHI) and Single Buoy Moorings, the subsidiary of SBM Offshore, have agreed to conduct a study for the application of CO2 capture modules on future floating production storage and offloading vessels (FPSOs) for Petrobras. This study will be conducted toward typical implementation of CO2 capture solutions for FPSOs. The module design... Continue Reading →
BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, hereby informs its investors and the market in general that, yesterday, production began on wells 4H and 5H, which are currently undergoing testing and stabilization. Both wells have already produced through the early production system (FPSO Petrojarl I). With the connection... Continue Reading →
(OE) BW Energy has made final investment decision (FID) for the Golfinho Boost project, aiming to increase uptime, reduce operating expenses and add approximately 3,000 barrels per day of incremental oil production from 2027 at the Golfinho field offshore Brazil. The project includes multiple measures aimed at boosting production efficiency and increasing recoverable reserves... Continue Reading →
Brazil Energy Insight 