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The monthly report of the Brazilian Association of Maritime Support Companies (Abeam) highlighted that, at the end of May, the fleet consisted of 376 vessels, 339 of which were under the Brazilian flag and 37 under other flags. The maritime support fleet in Brazilian waters remains stable in the first half of 2021, with 90%... Continue Reading →
Oceanpact (OPCT3) informed on Friday (18) that it has signed two contracts with Petrobras (PETR3; PETR4) for the charter of the Parcel das Timbebas vessel, as well as the provision of ROV services. The contracts, with a total term of three years, have a daily value of USD 47,896 (base date March 26, 2021, considering... Continue Reading →
(TNPetroleo) Petrobras signed two contracts for the supply of flexible lines that will be used in the project to revitalize production in the Marlim and Voador fields, located in the Campos Basin. Of the total 448 km of flexible lines in the project, 280 km were contracted with the company NOV and 168 km with... Continue Reading →
Brazilian offshore IRM operator, SISTAC, has expanded its fleet of underwater robotic vehicles with another Saab Seaeye Falcon. The vehicle’s first task is on-line fibre optic video surveillance of the pull in – pull out pipeline connection process by the Falcon’s HD camera. Additionally, an upgrade is being made to another of the Falcons in SISTAC’s fleet... Continue Reading →
Jack-up drilling contractor Shelf Drilling has been awarded a one-year contract for the Shelf Drilling Tenacious jack-up rig with Chevron's Angola subsidiary Cabinda Gulf Oil Company. The contract in Angola is expected to start in January 2022, and, according to the offshore drilling rig owner, includes multiple option periods.David Mullen, Chief Executive Officer, Shelf Drilling,... Continue Reading →
Norway's Aker Solutions has signed "a large" framework agreement with Petrobras to provide subsea lifecycle services for Petrobras-operated oil and gas fields offshore Brazil. The agreement has a fixed period of three years and includes an option to extend the contract for two additional years. Aker Solutions defines a large contract as being between NOK... Continue Reading →
Australia’s Karoon has taken the Final Investment Decision to proceed with the development of the Patola project located offshore Brazil. Following the first production, expected in 2023, the project will more than double Karoon’s current production rates. The Patola field is located within the 100 per cent Karoon-owned and operated BM-S-40 Production Licence in the Santos Basin,... Continue Reading →
Oil and gas company Karoon Energy has exercised an option to add the drilling of two development wells at the Patola field offshore Brazil to the work scope of the Maersk Drilling-owned semi-submersible rig Maersk Developer. The work is expected to start in the second half of 2022, in direct continuation of the rig’s previously... Continue Reading →
(BUSINESS WIRE)--TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) today has been awarded its first integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract in Brazil by Karoon Energy (ASX:KAR) for the Patola field development. The contract covers engineering, procurement, construction and installation of subsea trees, flexible pipes and umbilicals. The project will take place at water depths of 300 meters... Continue Reading →
Despite projected demand recovery post-2020, the global offshore support vessel (OSV) market continues to face a utilization challenge, a joint research by Braemar ACM Shipbroking (Braemar) and Westwood Global Energy Group has shown. According to the press statement released Wednesday, over the course of 2020, estimates for total utilization for the global OSV market fell... Continue Reading →
Brazil Energy Insight 