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AUG. 28 - MODEC, a global leader in the construction, chartering, and operation of floating oil and gas production platforms, has taken another step toward decarbonizing its operations. The company has signed a contract with Norwegian Eld Energy to test a pilot system of solid oxide fuel cells (SOFCs), which generate energy without combustion. One... Continue Reading →
Aug.28 (TN) OneSubsea delivered the first wet Christmas tree (WCTN) for Petrobras' Búzios 11 project in a ceremony held at the multinational's factory in Taubaté, São Paulo, fulfilling the contractual deadline established between the parties. The contract with the Brazilian operator, signed in 2023, provides for the supply of 15 WCTNs and electro-hydraulic distribution units,... Continue Reading →
Aug. 28 (PN) Karoon announced to the market that it intends to invest between US$55 million and US$65 million in 2026 in a revitalization campaign for the FPSO Cidade de Itajaí, used in the Baúna field in the Santos Basin. Additionally, the company estimates spending approximately US$80 million to US$90 million between 2030 and 2034,... Continue Reading →
Aug. 27 (Reuters) Suriname state oil firm Staatsolie will launch in November an 'open-door offering' for offshore areas to be explored and evaluated, the company said on Tuesday, as the small South American nation seeks partners and financing for what it hopes could be an oil and gas boom. Following a positive investment decision last... Continue Reading →
Aug 27 (Reuters) - Chinese offshore oil and gas major CNOOC posted a 13% decline in interim net income after lower oil prices offset the impact of record-high oil and gas production. Net profit attributable to equity shareholders dropped to 69.5 billion yuan ($9.7 billion) after a record interim profit in 2024, according to a filing... Continue Reading →
Aug 26 (Reuters) - Brazil's state-run oil company Petrobras, which left Nigeria five years ago, should be able to return quickly, Nigerian President Bola Tinubu told a news conference with his Brazilian counterpart as part of a two-day visit to deepen ties. Petrobras began operations in Nigeria in 1998 in the deep waters off the Niger Delta.... Continue Reading →
Aug. 26 (OE) A cargo transfer vessel owned by Mitsui O.S.K. Lines (MOL) will be shared by TotalEnergies EP Brasil, which employs the vessel in its operation since 2020, with Shell Brasil Petróleo for crude oil cargos produced in Brazil. The vessel SeaLoader 1, owned by MOL’s subsidiary SeaLoading Holding, is employed by TotalEnergies for... Continue Reading →
Aug. 25 *PN) Petrobras President Magda Chambriard stated that the company has just reached a new milestone in natural gas processing. According to the executive, the state-owned company surpassed the 50 million cubic meters of natural gas processed per day mark last Saturday (23). "As we have said, it is the effort to increasingly make... Continue Reading →
Aug. 25 (OE) Norwegian offshore vessel owner Solstad Offshore has secured two contracts for its Normand Turmalina and Normand Superior vessels, with the combined worth of $65 million. The anchor handling tug supply (AHTS) vessel Normand Turmalina has received a contract extension from BRAVA Energia in Brazil. The extended contract has a duration of three... Continue Reading →
(offshore-energy.biz) A flexible, large subsea construction vessel owned by Norwegian DOF Group has been contracted on a four-year term charter with Brazil’s oil & gas company Petrobras. Under the contract valued at approximately $165 million, Skandi Salvador will operate with two work-class remotely operated vehicles (ROVs) and a subsea crane, with delivery expected in December.... Continue Reading →
Brazil Energy Insight 