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(Reuters) - Petrobras' (PETR4.SA), opens new tab new multi-year strategic plan will have greater focus on upstream operations than the previous one, Chief Financial Officer Fernando Melgarejo said on Monday, as the Brazilian state-run firm looks to rebuild oil and gas reserves. Melgarejo told Reuters that the 2025-2029 plan, which is currently being drafted, does not foresee... Continue Reading →
(OE) French tubular solutions supplier Vallourec has entered into a definitive agreement to acquire Matt’s subsidiary Thermotite do Brasil, a specialized provider of thermal insulation pipe coating services for the offshore oil and gas industry. The acquisition price is $17.5 million, on a cash-free, debt-free basis, subject to customary price adjustments, including working capital. Thermotite’s... Continue Reading →
(offshore-energy.biz) Many factors, including roadblocks, play a role in oil and gas extraction and development around the globe. Some of these are region-specific while others tend to be a global problem. Mexico’s five largest upcoming hydrocarbon projects have not managed to escape these, thus, they are also facing such technical and other issues. The Latin... Continue Reading →
(PN) Brava Energia (formed by the merger between 3R and Enauta) announced it has received the operating license from the Brazilian Institute of the Environment (Ibama) for the Atlanta platform ship (FPSO), which will be installed in the field of the same name, in the Santos Basin. The company is now working to obtain approval... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that it has begun the procedures for the start-up of the largest natural gas processing unit (UPGN) in Brazil, located in Itaboraí, in the metropolitan region of Rio de Janeiro. On September 9th, the company obtained authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) for... Continue Reading →
(OE) Saipem and newcleo have signed a collaboration agreement to identify solutions for the offshore application of newcleo’s technology to produce nuclear energy, which could provide zero-emission electricity for oil and gas installations. The objective of the agreement signed by the companeis is to study the application of newcleo’s Small Modular Lead-cooled Fast Reactor (SM-LFR)... Continue Reading →
(OE) Offshore drilling contractor Constellation has secured a new contract with Shell for its Alpha Star ultra-deepwater drilling rig offshore Brazil. The contract is for approximately 30 days, having started on August 30, 2024. The new contract will be executed at the same day rates as the current agreement with 3R Petroleum and will not... Continue Reading →
(OE) U.S.-based engineering and construction giant KBR has been hired by Seatrium to develop topsides facilities for two floating production storage and offloading (FPSO) units, being designed for Petrobras’ Atapu and Sepia fields in the Santos Basin, offshore Brazil. Under the terms of the contracts, KBR will provide Seatrium with detailed engineering services and technical... Continue Reading →
(OE) BP has entered into an agreement with Perenco T&T to divest its Immortelle, Flamboyant, Amherstia and Cashima offshore gas fields and associated production facilities, as well the undeveloped resources from the Parang field in Trinidad and Tobago. BP Trinidad and Tobago operates and currently is the sole owner in each of the assets included... Continue Reading →
(offshore-energy.biz) Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, which currently invests in five business units – Yinson Production, Yinson Renewables, Yinson GreenTech, Farosson, and Regulus Offshore – has set the wheels in motion to part with the last affiliate on this list, which offers integrated offshore support vessel (OSV) services. Given Yinson’s strategic... Continue Reading →
Brazil Energy Insight 