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(Reuters) - Shares of Brazilian energy company Brava Energia (BRAV3.SA), opens new tab soared on Friday after it received approval from the country's oil regulator to resume output at a key oilfield and said it was in talks with banks to prepare for potential asset sales. Brava's shares rose as much as 11.5%, making it the top... Continue Reading →
(Reuters) - The U.S. Export-Import Bank approved a $526 million loan to Guyana for an energy project designed to double the South American country's installed electric capacity and reduce oil imports, the Guyanese government and Ex-Im said on Thursday. The project, which falls under Ex-Im's mandate to help exporters facing competition from China, will use... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that the Brazilian government enacted Law 15,075/2024, dated December 26, 2024, which addresses the possibility of transfer of local content surpluses among contracts in exploration and production of oil and natural gas, in accordance with Article 2, main section, item X, of Law 9,478, dated August 6, 1997. Moreover,... Continue Reading →
(oilnow.gy) SBM Offshore said the multi-purpose floater (MPF) 5 has arrived at the Seatrium yard in Singapore. The hull is the base vessel for the Jaguar floating production, storage and offloading (FPSO) vessel bound for Guyana. With the hull’s safe arrival in Singapore from the SWS shipyard in Shanghai, the initial focus will be on... Continue Reading →
(OE) Offshore drilling contractor Constellation has secured an extension of the current contract for its semi-submersible drilling rig Atlantic Star with Petrobras, worth up to $61 million. The contract extension is for an additional period of up to 301 days, and confirms the continuity of the operations that began in 2021. In recent years, the... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the communications of September 8, 2021, October 27, 2021, March 29, 2023 and December 21, 2023, and as a result of the failure to complete the acquisition of FPSO Cidade de Santos by Enauta Energia S.A. (according to the decision communicated by that company on July 1,... Continue Reading →
(offshore-energy.biz) U.S.-headquartered offshore energy services provider Helix Energy Solutions has confirmed the arrival of its purpose-built DP3 semi-submersible vessel to Namibia’s Port of Walvis Bay to prepare for its decommissioning assignment off the coast of Brazil. The U.S. player won a 12-month deepwater well decommissioning contract with extension options for work in Brazil’s Campos Basin in October... Continue Reading →
(PN) OceanPact announced a new R$697 million contract with Petrobras, for a period of four years, for the charter of the Ilha do Mosqueiro vessel, an OTSV (Offshore Terminal Support Vessel). The vessel will be used for the maintenance of offloading hoses on platform ships (FPSO) and oil tankers (FSO), with high-capacity winches and cranes,... Continue Reading →
U.S.-based oilfield services provider Expro has signed a technology agreement with Petrobras for the development of a new non-intrusive flowmeter for the optimization of production from oil and gas wells. The technology will provide flow rates and identify flow patterns, generating online and real-time data availability for control and monitoring of slug instabilities to increase... Continue Reading →
The FPSO (Floating Production, Storage, and Offloading Unit) Alexandre de Gusmão left China today, December 16, heading towards the Mero oil field in the pre-salt layer of the Santos Basin. The platform, leased by Petrobras in partnership with SBM, can produce 180,000 barrels of oil per day and compresses 12 million cubic meters of gas... Continue Reading →
