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(PN) Petrobras' new strategic plan for the five-year period 2025-2029 provided more information about the company's plans regarding its fleet of platform ships (FPSOs). During the period, the company intends to start operating ten units by 2029, all in the pre-salt layer. In addition, the oil company also plans to build five more units beyond... Continue Reading →
(TN) Subsea7, a global leader in delivering offshore projects and technology for the energy sector, closed the third quarter of 2024 with solid operational and financial performance. Between July and September, the company achieved US$321 million in adjusted EBITDA, up 59% year-over-year, resulting in an adjusted EBITDA margin of 18%, up from 13% in Q3... Continue Reading →
(OE) Norwegian offshore vessel owner Solstad Offshore has secured multiple new contracts and contract extensions, whose combined value is $60 million. Solstad secured one new contract, and one contract extension from Petrobras, for work offshore Brazil. Namely, Petrobras awarded an 18-month firm contract for the construction support vessel (CSV) Normand Valiant. The start of the... Continue Reading →
(offshore-energy.biz) South Korea’s shipbuilder Hanwha Ocean has closed its acquisition of Singapore-based offshore builder Dyna-Mac, which specializes in manufacturing marine plant topside structures for floating production, storage, and offloading (FPSO) and floating liquefied natural gas (FLNG) units. The deal was closed on November 20, 2024, when Hanwha Ocean agreed to acquire approximately 95.15% of the total issued... Continue Reading →
(OE) NOV has introduced the Quick Connector, developed by its subsidiary GustoMSC, to enhances the safety and efficiency of offshore lifting operations across the offshore energy industry. As countries seek to increase their renewable energy capacity and reduce carbon emissions, offshore wind will play a major role in the world’s expanding energy mix. However, these... Continue Reading →
SBM Offshore announces it has completed the project financing of FPSO Jaguar for a total of US$1.5 billion. The project financing was fully secured by a consortium of 16 international financial institutions. The Company expects to draw the loan phased over the construction period of the FPSO. The project loan is in line with the... Continue Reading →
(Reuters) Guyana's fourth oil floating production storage and offloading (FPSO) facility is expected to depart for the South American country in the first quarter next year, the CEO of U.S. producer Hess, John Hess, said on Wednesday. The firm, which alongside Exxon Mobil and CNOOC are responsible for all oil and gas production in the... Continue Reading →
(offshore-energy.biz) A steel-cutting ceremony has been held for one of the two floating storage, production, and offloading (FPSO) units Singapore-headquartered Seatrium is building for Brazil’s state-owned giant Petrobras. The start of construction on FPSO P-84, described as the “largest FPSO in Petrobras’ history,” was marked with a ceremony held on November 15 at the CIMC Raffles Offshore’s Yantai shipyard in China.... Continue Reading →
(OE) Brava Energia, a Brazilian oil and gas firm created by the merger of 3R Petroleum and Enauta, has ceased production from Petrojarl floating, production storage, and offloading (FPSO) unit, as the new FPSO Atlanta gets ready to take over at a field offshore Brazil. As part of the production transfer to the FPSO Atlanta,... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, in relation to the news published in the media on Monday (11/18/2024), informs that the proposal for the 2025-2029 Business Plan was deliberated by its Executive Board on 11/14/2024, but will still be considered by the Board of Directors (BoD), the competent board to approve the subject, at a meeting... Continue Reading →
