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Petrobras started contracting process for FPSO for the Barracuda and Caratinga Field Revitalization Project, another important milestone in the Campos Basin revitalization plan. The announcement was published on the Petronect portal last Friday (04/08). The new FPSO will have the capacity to produce up to 100 thousand barrels of oil per day (bpd) and process... Continue Reading →
(OE) Malaysian FPSO leasing company Yinson Production said Monday it had secured a $230 million term loan facility in relation to FPSO Maria Quitéria Yinson is delivering for Petrobras in Brazil. The loan facility was structured and arranged by Global Infrastructure Partners (“GIP”), an independent infrastructure fund manager with approximately USD100 billion in assets under... Continue Reading →
(PN) Independent operator PRIO ended the second quarter of the year with a record average production of 91,000 barrels of oil per day. One of the highlights in the period was the Frade Revitalization Plan, which consolidated the field's daily production at almost 60,000 barrels per day with the completion of another producing well, ODP5... Continue Reading →
(OET) Azule Energy, a joint venture between BP and Eni, has awarded TechnipFMC and Aker Solutions with contracts for its Ndungu project offshore Angola. TechnipFMC has received a contract, worth between $75 million and $250 million, to supply flexible pipe for the project that will tie into Block 15/06 West Hub. The field is located... Continue Reading →
(Reuters) Norwegian state energy firm Petoro said it was becoming harder to tie oil and gas platforms to the electricity grid as planned, as it reported a 34% drop in profit for the second quarter on Wednesday due to petroleum prices falling sharply. Petoro, which is 100% government owned, is not itself an operator, but... Continue Reading →
(OE) Malaysian FPSO leasing firm Yinson Production has acquired the Atlanta FPSO, a floating, production, storage, and offloading vessel that will serve as a production unit at Enauta's Atlanta field in Brazil. Yinson acquired the FPSO through the acquisition of AFPS B.V., the platform owner company. Back in February 2022, Brazilian oil firm Enauta bought... Continue Reading →
In 2Q23, average production of oil, NGL and natural gas reached 2.64 MMboed, 1.5% lower compared to 1Q23, mainly due to higher volume of losses from stoppages and maintenance, the natural decline of mature fields and divestments. Those effects were partially offset by the ramp-up of P-71, in Itapu field, and the startup of FPSOs... Continue Reading →
The Búzios field, the largest in the world in ultra-deep waters, reached, in June, the accumulated production of 1 billion barrels of oil equivalent (boe), after just five years since the asset started operations. This result is due to the high productivity per well in Búzios, the evolution of knowledge accumulated in the pre-salt fields... Continue Reading →
Dutch-based SBM Offshore and Ireland’s renewable project developer DP Energy have set up a joint venture to pursue floating offshore wind energy opportunities off Nova Scotia, Canada. The duo said they would work to support Nova Scotia’s ambitious climate action targets and “contribute meaningfully” to the phasing out of coal from the grid. The Canadian... Continue Reading →
(OE) UK-based CRP Subsea has recently won a "major" contract from an unnamed "leading energy technology company," AIS, CRP's parent company, said this week. CRP Subsea will deliver 333 distributed buoyancy modules (DBMs) for a deepwater oil field project located in the pre-salt Santos Basin, offshore Brazil. Distributed buoyancy modules (DBMs) are typically used between structures... Continue Reading →
Brazil Energy Insight 