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(PN) Brazil and neighboring Guyana are recognized as the two countries with the greatest potential for growth in the offshore market. While the Brazilian coast still reserves many opportunities in the pre-salt and, in the future, also in the Equatorial Margin, Guyana has increasingly assumed a prominent role in the global offshore industry with rich... Continue Reading →
(PN) Changes in the Petrobras bidding calendar that foresees the contracting of two platform ships (FPSOs) for the Sergipe Aguas Profundas Project (SEAP). The state-owned company once again postponed the deadline for receiving proposals. When they were released last year, the notices predicted that the deadline for receiving proposals would be October 14th. Afterwards, Petrobras... Continue Reading →
(OET) With the current energy ecosystem in mind, Japan’s FPSO operator MODEC has unveiled its new, mid-term business plan, covering the period from 2024 to 2026, which spotlights the Japanese player’s intention to further strengthen the profitability of its core FPSO business, strategically invest funds to decarbonize its FPSO units, develop new opportunities, and bolster... Continue Reading →
(OE) Oil and gas company Enauta has released a note regarding the installation of mooring lines and torpedo anchors, designed by London Marine Consultants (LMC), for the FPSO Atlanta II offshore Brazil. The moorings are installed in over 1500 meters of water depth offshore Brazil on behalf of Malaysian FPSO leasing firm Yinson Production and... Continue Reading →
(OE) Aker software company Aize has signed an agreement with ExxonMobil Guyana and SBM Offshore to deploy Aize digital twin software on the floating production storage and offloading (FPSO) units Liza Unity and Liza Destiny offshore Guyana. Aker-owned company Aize will work with its partners transform the traditional approach to TAR (Turnaround) campaigns by strengthening... Continue Reading →
(OET) Japanese FPSO operator MODEC has confirmed the start of the construction phase for a floating production, storage, and offloading (FPSO) vessel, which is destined to work on ExxonMobil’s fifth oil development in the Stabroek block offshore Guyana. According to MODEC, a ceremony to mark the beginning of construction for its inaugural project in Guyana,... Continue Reading →
In 2023, we delivered an excellent upstream operational performance, meeting all production forecasts for the year. Total annual production of oil and natural gas, of 2.782 MMboed, was 3.7% above the production of 2022. Our good results were made possible mainly by the start-up of FPSOs Almirante Barroso, Anna Nery and Anita Garibaldi, as well... Continue Reading →
(PN) Wood announced today that it has secured an extension of a US$80 million contract with Equinor Brasil. The agreement provides for the provision of maintenance and modification solutions for offshore assets in the Peregrino field, in the Campos Basin. The two-year extension builds on a long-term, global partnership with Equinor, where Wood supports the... Continue Reading →
Sapura, a leading Brazilian provider of subsea services, has recently acquired eight units of Exail Rovins Nano Inertial Navigation Systems (INS). Integrated into Sapura's fleet of remotely operated vehicles (ROV), Exail INS are intended to significantly enhance Sapura’s ROVs capabilities in offshore installation of subsea equipment. Ensuring highly accurate navigation down to 6000 meters, Rovins... Continue Reading →
(OET) Norway’s compressed air systems supplier TMC Compressors has been hired by Yinson Production to deliver a large-capacity marine compressed air system on board a floating, production, storage, and offloading (FPSO) vessel destined to operate offshore Angola. TMC Compressors reported on Monday, January 29, 2024, that the marine compressed air system would entail compressors for control... Continue Reading →
