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(OE) Dutch FPSO specialist SBM Offshore on Tuesday announced the arrival of the FPSO Prosperity at the Stabroek Block offshore Guyana. The FPSO traveled just over 11,000 nautical miles – or just over 20,000 kilometers - from Singapore to Guyana in just under 50 days. On track for first oil later this year, Prosperity becomes... Continue Reading →
BW Energy on Monday announced it has achieved first oil from the Hibiscus / Ruche Phase 1 development in the Dussafu license offshore Gabon. "Production performance from the first well has been in line with expectations and is currently stabilized at approximately 6,000 barrels per day," the Oslo-listed E&P company said in a statement. "We... Continue Reading →
A new record for the successful history of the Brazilian pre-salt. The National Petroleum Agency (ANP) announced that production in the layer in February totaled 3.268 million barrels of oil equivalent per day, growth of 2.3% compared to January. The volume surpassed the previous record of 3.142 million barrels of oil equivalent per day, recorded... Continue Reading →
(OEM) Chinese shipbuilder COSCO Shipping Offshore Engineering has held a groundbreaking ceremony in Qidong for the construction of a floating, production, storage and offloading (FPSO) vessel, which is destined to work for Petrobras in the Santos Basin pre-salt area offshore Brazil. The Chinese company says that it held the groundbreaking ceremony for the P-82 FPSO, which it describes as “the... Continue Reading →
Karoon Energy announced that it has temporarily stopped production at Baúna and Patola, in the Santos Basin, due to a loss of containment incident associated with the high pressure flare at FPSO Cidade de Itajaí. Altera&Ocyan, operator of the FPSO, mobilized a team of specialists to identify the source of the leak and carry out... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has started the contracting process for the chartering of two platform vessels for the Sergipe Deepwater Project (SEAP), in the Sergipe-Alagoas Basin, about 100 km off the coast. The FPSO (floating production, storage, and oil transfer system) type units will be strategic to expand the availability of... Continue Reading →
SBM Offshore is pleased to announce it has signed the project financing of FPSO Almirante Tamandaré for a total of US$1.63 billion. The project financing is provided by a consortium of 13 international banks with insurance cover from 4 international Export Credit Agencies (ECA). The financing is composed of five separate facilities with a ca.... Continue Reading →
(Bloomberg) -- Jean Paul Prates, the head of Brazil’s state-controlled oil company, isn’t deterred by the world’s energy transition. He says Latin America’s largest producer should keep increasing fossil fuel output for decades to come. “We will get market share,” Prates, chief executive officer of Petrobras, said in an interview in Rio de Janeiro. “We... Continue Reading →
New awards in the floating production storage and offloading vessel market could reach up to 50 by the end of this decade, according to a new report by Rystad Energy. From 2023 to 2030, the Oslo-based market intelligence firm forecasted 48 FPSO deals for new greenfield developments, 19 of which are earmarked for Brazil and... Continue Reading →
(OE) Dutch FPSO leasing company SBM Offshore said Friday that the China-built hull of the FPSO ONE Guyana had entered drydock at Keppel Shipyard in Singapore. One Guyana is one of SBM Offshore's largest-ever FPSO Units and is being built for deployment at ExxonMobil-operated Stabroek Block offshore Guyana. "The FPSO ONE GUYANA project passing... Continue Reading →
Brazil Energy Insight 