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(OE) Japanese FPSO supplier MODEC has won a contract with Equinor to supply an FPSO vessel for the BM-C-33 block of the Campos Basin offshore Brazil. The order comes just days after Equinor and its partners Repsol Sinopec Brasil, and Petrobras took the $9 billion investment decision to develop the BM-C-33 project in Brazil. Located in the... Continue Reading →
Shell Brasil, a subsidiary of the UK-headquartered energy giant Shell, has awarded a green recycling limited notice to proceed (LNTP) agreement to Modern American Recycling Services, Europe (M.A.R.S.) for a floating production storage and offloading (FPSO) vessel working off the coast of Rio de Janeiro. M.A.R.S. disclosed on Monday, 8 May 2023, that it had... Continue Reading →
Petro Rio S.A. ("Company" or "PRIO") (B3: PRIO3) informs that, following the second phase of the revitalization of the Frade field, it has found evidence of oil in the Maracanã prospect (3-PRIO-1-RJS well), which is located 6km southwest of Valente FPSO. The primary target (Eocene sandstone), presented a column of 36 meters of oil, with... Continue Reading →
Petrobras will not do all of its shipbuilding work in Brazil, a top executive said, dashing industry hopes the state-controlled oil firm would review its awarding process to spur job creation. Steel groups, shipping unions and 14 other organizations which backed the election of President Luiz Inacio Lula da Silva are pressing the government for... Continue Reading →
Equinor, Repsol Sinopec Brasil, and Petrobras have taken the investment decision to develop the BM-C-33 project in Brazil. The investment is approximately USD 9 billion. Located in the Campos Basin, BM-C-33 comprises three different pre-salt discoveries – Pão de Açúcar, Gávea and Seat – containing natural gas and oil/condensate recoverable reserves above one billion barrels... Continue Reading →
Japan’s FPSO provider MODEC is moving to the engineering, procurement, construction, and installation (EPCI) phase for ExxonMobil’s floating production storage and offloading vessel (FPSO), which will work on the U.S. energy giant’s recently sanctioned fifth offshore development project in Guyana. MODEC disclosed on Monday, 8 May 2023, that it would proceed with engineering, procurement, and construction on the Uaru FPSO, following a final... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that the FPSO Anna Nery started production on May 07, 2023, in Campos Basin, within the project of revitalization of the Marlim and Voador fields, which will produce the post-salt reservoirs and Brava, located in the pre-salt of the two fields. The unit is capable of producing daily up... Continue Reading →
A Guyanese court recently ruled that ExxonMobil failed to provide adequate insurance for the costs of recovering from a potentially catastrophic oil spill from its first oil development project located off the coast of Guyana. According to High Court Justice, Sandil Kissoon, ExxonMobil “engaged in a disingenuous attempt” to dodge the full responsibility under its environmental permit for the Liza Phase I... Continue Reading →
(OE) Cerulean Winds plans to build an offshore integrated green power and transmission system, powered by floating wind, that North Sea oil and gas platforms will plug into for clean power, under the project called the North Sea Renewables Grid (NSRG), Cerulean and partner Frontier Power International will develop three 333km2 sites of hundreds of floating... Continue Reading →
In 1Q23, average oil, NGL and natural gas production reached 2.68 MMboed, 1.1% higher than 4Q22, mainly due to the start of the ramp-up of P-71, in Itapu field, in Santos Basin pre-salt, the start-up of 8 new wells in Campos Basin and higher production efficiencies in the platforms. Pre-salt production reached a new monthly... Continue Reading →
Brazil Energy Insight 