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France-headquartered Technip Energies and Mitsui OSK Lines of Japan are in the frame for a key contract for a planned carbon dioxide floating storage and injection hub facility offshore Australia. A letter of intent covering engineering, procurement and construction and operation of the facility was issued by Perth-based CCS developer deepC Store (dCS) in relation... Continue Reading →
(PN) Petrobras announced the bidding process that will contract a new FPSO for the Albacora field. The unit will be chartered for 27 years and will have the capacity to produce 120,000 barrels per day and process 6 million cubic meters of gas per day. Petrobras' idea is to replace the two units currently in... Continue Reading →
(PN) Marine services company OceanPact announced the signing of a three-year contract with Petrobras to provide support services with the vessel RSV Parcel do Bandolim. The vessel is equipped with two remotely operated vehicles (ROVs). “The contract of Parcel do Bandolim represents the conclusion of an important investment cycle, which began in 2021, with funds... Continue Reading →
(PN) Engeman announced the signing of a contract with Petrobras, focused on preventive and corrective maintenance services on the Tupi field platforms (P-66, P-67, P-68 and P-69). The agreement will begin this month and will last for three years, with an option to renew for another two years. “This is a very important contract, as... Continue Reading →
Swiss underwater robotics company Hydromea and Scotland’s remote technology specialist Air Control Entech (ACE) have entered into a service partnership agreement to commercialize what is said to be the world’s first wireless remotely operated underwater vehicle (ROV) for inspections at offshore floating platforms. Under the deal, ACE will promote and use Hydromea’s EXRAY wireless ROV... Continue Reading →
US operator Apache has discovered light oil with its Baja-1 wildcat in deep-water Block 53 offshore Suriname and is working to firm up the potential of the resource. The US independent and partners Petronas of Malaysia and Spain’s Cepsa drilled the Baja-1 exploration well to a total depth of 5290 metres from a water depth... Continue Reading →
Dutch maritime equipment and technology firm Royal IHC has handed over the converted J-lay vessel Amazon to McDermott International. Royal IHC said: "For this project, Royal IHC has converted Amazon into the modern and state-of-the-art J-lay vessel it is today. The patented system, with dynamic top tension capacity of 1.500 tonnes, can handle a variety... Continue Reading →
FPSO operator BW Offshore has received a short-term contract extension for a floating, production storage and offloading (FPSO) vessel operating for the Houston-based Vaalco offshore Gabon. The FPSO will be replaced with an FSO unit as part of the Etame Marin field reconfiguration project. BW Offshore revealed on Sunday that it has entered into a... Continue Reading →
(TN) The basins of the North and Northeast of Brazil may be the new great frontiers of the country's oil. WesternGeco has announced a new “Reimaging” project of 60,000 kilometers of high resolution 2D data in the Brazilian Equatorial Margin, covering the Foz do Amazonas, Pará-Maranhão, Barreirinhas and Ceará basins. The project will apply advanced... Continue Reading →
With the current energy crisis and clean energy transition taking centre stage, companies are shifting focus to lower-risk core assets and regions, thus, Rystad Energy, an energy intelligence group, forecasts that the global oil and gas exploration spending and activities are expected to shrink even further this year as the number of licensed blocks and total acreage fall... Continue Reading →
Brazil Energy Insight 