U.S. tweaks monetary penalties for oil & gas players

The Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has made adjustments to monetary penalties for oil and gas companies, implementing the 2023 inflation adjustments for the maximum daily civil monetary penalties contained in BOEM regulations in accordance with Federal law.  The Bureau of Ocean Energy Management made the final rule announcement on Tuesday, 14 February... Continue Reading →

Petrobras on the Permanent Seismic Monitoring System

Petróleo Brasileiro S.A. – Petrobras informs that it has signed a contract with the consortium formed by Alcatel Submarine Networks and Maersk for the construction and installation of the Permanent Seismic Monitoring System (PSMS) in the Mero field, in the Santos Basin. The Mero PSMS project has unprecedented features in Brazil and incorporates state-of-the-art 4D... Continue Reading →

Equinor starts offshore installation campaign in the Bacalhau field

(TN) Equinor has started the offshore installation campaign in the Bacalhau field, located in the Santos Basin. The work is performed under an integrated EPCI (Engineering, Procurement, Construction and Installation) contract with SIA - Subsea Integration Alliance, an alliance between OneSubsea® and Subsea7. Seven Pacific, Subsea7's construction/flex-lay vessel, capable of operating at depths of up... Continue Reading →

Yinson’s upgrade work on Enauta’s Brazil-bound Atlanta FPSO

(OED) Malaysia’s FPSO operator Yinson has shared an update on the developments regarding the conversion and upgrade of a floating, production, storage, and offloading (FPSO) vessel, which will operate for Enauta offshore Brazil. Back in January 2022, Enauta entered into an agreement to purchase the FPSO OSX-2 for the Definitive System (DS) of the Atlanta field and this purchase deal was closed... Continue Reading →

Floating production platform construction market maintains momentum from high oil, gas prices

By David Boggs, Energy Maritime Associates (OM) The floating production construction market continued to grow in 2022, maintaining a rebound that began in 2021. As we enter a new year, the industry sentiment remains buoyant, with most respondents optimistic about the future. Recently, Energy Maritime Associates conducted its tenth annual Global Floating Production Industry Survey, which... Continue Reading →

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