Brought to you by Quest Offshore & Southern Cone Consultants
(OE) KOTUG said Tuesday it had, via its Guyanese subsidiary KOTUG Guyana strengthened its position in Guyana with the arrival of three additional Offshore Terminal Tugs to support ExxonMobil Guyana’s offshore operations. With the arrival of KOTUG-owned ‘SD Grace’, ‘Seaways 20’ and ‘Seaways 22’, KOTUG will operate a total of five offshore terminal tugs in... Continue Reading →
Petro Services and its main subcontractor Ocean Installer, a marine construction and operations player, have secured a contract with TotalEnergies for umbilical recovery and reinstallation activities on a floating production, storage, and offloading (FPSO) vessel in Angola. The new contract, awarded by TotalEnergies EP Angola and its Block 17 partners, will enable the two players to execute an... Continue Reading →
(PN) After a wait of more than four months, Enauta was finally able to restart production at its main asset, the Atlanta field, in the Santos Basin. The resumption of operations in the area took place on the 5th of November. The field's production was halted in July, due to technical problems in the electrical... Continue Reading →
Main achievements: Solid recurring EBITDA of US$ 13.7 billion Gross debt under control at US$ 61 billion, even after the increase in leases with the start-up of FPSO Anita Garibaldi Consistency in cash generation: Operating Cash Flow of US$ 11.6 billion, the fourth highest ever Return to society with tax and dividends payments of R$... Continue Reading →
(TN) Petrobras' P-71 FPSO reached its maximum production of 150 thousand barrels of oil per day, last Wednesday, in the pre-salt Santos Basin. The FPSO-type unit (floating production, storage and transfer system) is the only production platform installed in Itapu, 200 kilometers off the coast of Rio de Janeiro. This field is operated by Petrobras,... Continue Reading →
SBM Offshore and ExxonMobil Guyana Limited, an affiliate of ExxonMobil Corporation, have completed the transaction related to the purchase of FPSO Liza Unity, a few months ahead of the end of the maximum lease term, in February 2024. The purchase allows ExxonMobil Guyana to assume ownership of the unit while SBM Offshore will continue to... Continue Reading →
(Reuters) Dutch oil and gas services company SBM Offshore on Thursday upgraded its full-year revenue and core profit targets after ExxonMobil exercised its purchase option for a project in Guyana. The Amsterdam-based company now aims for a directional revenue of $4.4 billion for 2023, against a previous forecast of above $2.9 billion, and earnings before... Continue Reading →
The rise in energy security concerns has reinvigorated the zest for more hydrocarbons, thus, the global oil and gas industry is turning to floating production systems to develop new projects. Bearing this in mind, a new report predicts a further boost in demand, with projected orders reaching up to $173 billion for as many as... Continue Reading →
ANP released the Monthly Oil and Natural Gas Production Bulletin for September 2023, which provides consolidated data on national production. This month, there was a record in total production (oil + natural gas), as well as in oil and natural gas considered separately and also in pre-salt production. A total of 4.666 million barrels of... Continue Reading →
(OE) Light Structures, a supplier of fiber optic condition monitoring systems based on Fiber Bragg Grating (FBG) technology, has secured two contracts with China's YANTAI CIMC Raffles Offshore. Under the contracts, Light Structures will deliver SENSFIB hull stress monitoring systems for two Petrobras-commissioned Floating Production Storage & Offloading (FPSO) units. "Representing the most extensive SENSFIB... Continue Reading →
