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Nov 17, (OE) ABS issued an approval in principle (AIP) to Petrobras for its safety-enhancing “sandwich hull” design concept for floating production storage and offloading (FPSO) tanks. The design uses parts of longitudinal and transverse elements constructed with steel-concrete-steel sandwich structures that allow tanks to remain free of internal obstructions, promising to improve operational efficiency... Continue Reading →
Nov. 14 - The Brazilian Institute of the Environment (Ibama) issued this week the operating license for the FPSO P-78 in the Búzios field, in the pre-salt layer of the Santos Basin. The platform has been in the field since September, awaiting approval from the environmental agency to begin operating. The first oil from the... Continue Reading →
Nov. 14 - Petrobras has postponed the deadline for receiving proposals for the construction of the platform that will serve the revitalization project of the Albacora field in the Campos Basin to May 25, 2026. The tender, originally announced in March 2025, stipulated a deadline of December 15, 2025. According to the company, the postponement... Continue Reading →
Nov. 13 (OE) Singapore-based engineering group Seatrium has reported strong execution in the third quarter ended September 30, 2025, bolstered by major offshore and wind project deliveries, a high-value order book and strategic asset sales. The group’s net order book stood at about $12.8 billion (S$16.6 billion), covering 24 projects slated for delivery through 2031.... Continue Reading →
Nov. 13 (oilnow.gy) ExxonMobil Guyana announced on Wednesday that the country’s daily oil production has reached a new milestone of 900,000 barrels per day, following the ramp-up of the Yellowtail project to full capacity. Yellowtail, Guyana’s fourth offshore development, has achieved its designed production rate of 250,000 barrels of oil per day (bopd). This, combined... Continue Reading →
Nov. 13 (Reuters) Dutch oil and gas services company SBM Offshore increased its annual earnings outlook for the second time this year on Thursday, lifting its shares, as operating performance improved. The Amsterdam-listed company reported a 26% increase in its directional revenue to $3.6 billion in the third quarter, helped by a 90% rise in... Continue Reading →
Nov. 11 - The P-79 FPSO left the Hanwha Ocean shipyard, located in Geoje-Si, South Korea, heading to the Búzios field, in the pre-salt layer of the Santos Basin. The unit will be towed to the operating area with the crew on board, which should speed up the start of production. Arrival is scheduled for... Continue Reading →
Nov. 10 (PN) The great potential to be discovered in the basins of the Equatorial Margin motivated Petrobras to undertake a long and arduous environmental licensing process with IBAMA (Brazilian Institute of Environment and Renewable Natural Resources). Having overcome this stage, the oil company is now beginning to face the technical and economic challenges. Currently,... Continue Reading →
Nov. 10 (OE) Norway’s TMC Compressors said it has secured a contract to deliver a large-capacity marine compressed air system to MODEC’s new floating production, storage and offloading (FPSO) vessel, Gato do Mato, bound for Brazil. TMC will supply compressors to provide control and service air aboard the vessel, the company said on Monday, without... Continue Reading →
Nov. 7 - The countries with the most FPSOs in the world concentrate large-scale offshore production; the pre-salt layer drives demand for offshore logistics and strengthens maritime operations in the sector. The global map of countries with the most FPSOs in the world reveals a reshaping of power in offshore production. Brazil leads with 46... Continue Reading →
Brazil Energy Insight 