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(OE) Japan's MODEC said its FPSO Anita Garibaldi MV33 has achieved first oil production for Petrobras at the Marlim field in the Campos Basin off the coast of Brazil. The FPSO is leased on a 25-year time charter contract to the state-owned Brazilian energy company—one of MODEC's longest charters to date. The FPSO is the 16th FPSO/FSO vessel that MODEC has... Continue Reading →
(OE) Dutch offshore access provider Ampelmann announced it has signed a new contract to build two more W-type systems for Ulstein, on behalf of one of Germany’s major shipowners. This is Ampelmann's second contract with Ulstein to provide an integrated gangway system on two new vessels. The two W-types are estimated to be delivered by... Continue Reading →
(OET) Offshore accommodation provider Prosafe is optimistic about the demand outlook for 2024 and beyond, thanks to a substantial boost in tendering activity for this period. As a result, the vessel owner is anticipating higher day rates and fleet utilisation in the future. Prosafe recorded revenues of $21 million in 2Q 2023, compared to $60.9... Continue Reading →
(OE) Offshore drilling contractor Transocean said Wednesday that the world’s first subsea 20,000 psi blowout preventer (BOP) had been successfully deployed from its Deepwater Titan drillship. The 20K BOP stack, supplied by NOV, is designed for use with extremely high-pressure reservoirs and can be used in ultra-deepwater applications "This cutting-edge technology opens up new opportunities... Continue Reading →
(PN) The Brazilian Institute of the Environment (IBAMA) granted Petrobras the license to operate the Anita Garibaldi FPSO, which should begin its activities in the coming weeks. The unit has the capacity to produce up to 80,000 barrels of oil per day (bpd) and process up to 7 million m³ of gas per day. FPSO... Continue Reading →
(Reuters) - Frontera Energy (FEC.TO) and its unit CGX Energy (OYL.V) expect to complete an analysis in the next two to three months of the Wei-1 oil well in Guyana before deciding whether to upgrade an exploration license to its development phase, Frontera said on Friday. The Frontera-CGX group could become the next oil consortium to advance an oil... Continue Reading →
Solstad Offshore has been awarded two contracts worth $100 million in total from Brazilian clients. The Norwegian offshore vessel owner said that its construction support vessel, Normand Pioneer, won an extension of its charter contract with the Brazilian oil company PRIO for a period of 18 months to August 2025. The vessel will support PRIO's... Continue Reading →
Wilson Sons, a leader in port and maritime logistics in Brazil, recorded profit of R$197 million in the first half of this year, 23% higher than the same period in 2022. In the second quarter of 2023, the company's profit was R$111 million, an increase of 583% compared to the same period last year. Net... Continue Reading →
(OET) Offshore drilling contractor Valaris Limited and its wholly-owned subsidiary, Valaris Finance Company LLC, have disclosed a pricing of $400 million upsized private placement of additional 8.375 per cent senior secured second lien notes due 2030. The net proceeds of this offering will be used to finance the purchase of two Daewoo Shipbuilding & Marine... Continue Reading →
(OET) Brazilian oil and gas player Enauta has concluded the drilling and completion of another well in its drilling programme at a field offshore Brazil. In addition, the firm has started drilling activities at the last well in this drilling campaign. Back in November 2022, Enauta started drilling its first well, 7-ATL-5H-RJS, in this drilling campaign at the Atlanta... Continue Reading →
Brazil Energy Insight 