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Guyana has turned into a significant contributor to global crude oil supply growth in just a few short years. This is according to data published by the U.S. Energy Information Administration this week that showed Guyana had the third-fastest production growth rate globally, after the United States and Brazil. Between 2019, when oil production began in the... Continue Reading →
(OE) The specialized vessel Sapura Ônix is on its way to Atlanta Field in Santos Basin, offshore Brazil, where it will carry out the installation of subsea equipment to support the oil production, targeted for August 2024. Brazilian oil and gas company Enauta said the Sapura Ônix vessel is en route to install multiphase pumps... Continue Reading →
(OILNOW) Upstream has reported that SBM Offshore could take the upper hand in competition with MODEC to build and deliver Suriname’s first floating production, storage and offloading (FPSO) vessel, as it was “pre-selected as the preferred bidder.” Fabio Palmigiani, the publication’s South America Correspondent, said the information came from two industry sources. He wrote that SBM Offshore... Continue Reading →
(OE) Oil and gas company Enauta has started anchoring operations for the floating production storage and offloading (FPSO) unit Atlanta in Santos Basin, offshore Brazil. As planned, the FPSO Atlanta arrived at Atlanta Field in Santos Basin on May 11, 2024, after setting sail from Dubai in March, following the conclusion of the construction activities and sea... Continue Reading →
(Offshore-energy.biz) Brazil’s state-owned oil and gas giant Petrobras is laying the groundwork to put 14 new floating production, storage, and offloading (FPSO) vessels into production mode over the next five years. As the Brazilian energy heavyweight is also determined to raise its emissions reduction bar, the new FPSOs and solutions are expected to come with decarbonization... Continue Reading →
Rio de Janeiro, May 13, 2024 Main highlights: Consistent results: adjusted EBITDA of US$ 12.1 billion, Operating Cash Flow (FCO) ofUS$ 9.4 billion and Net profit of US$ 4.8 billion. Financial debt at US$ 27.7 billion, the lowest level since 2010. Gross debt is undercontrol at US$61.8 billion, within the range established in our Strategic... Continue Reading →
(OM) Harbour Energy expects the FEED process to start shortly for the Zama oilfield development in the Sureste Basin offshore Mexico, the company said in a trading update. Later this year, it will participate in an appraisal well on the recent Kan oil discovery in offshore Block 30. In the Andaman Sea offshore Indonesia, testing is underway on... Continue Reading →
OM) Petrobras expects to produce a further 860 MMboe from its revitalization of the Marlim Field in the Campos Basin by 2048, when the term for the concession is due to expire. Prior to the project, Marlim's production was projected to cease in 2025. Instead, Petrobras chose to replace nine platforms with two new FPSOs, which... Continue Reading →
(OM) SBM Offshore expects to deliver the FPSO Almirante Tamandaré to Petrobras later this year, the company said in a trading update. The topside modules lifting campaign has finished, and integration and commissioning activities are progressing. The completed platform should produce first oil from the Búzios Field in the Santos Basin offshore Brazil next year. As for other FPSOs... Continue Reading →
(OilNow) Øivind Tangen, Chief Executive Officer of SBM Offshore said that the company’s latest award for the Jaguar floating production, storage and offloading (FPSO) vessel is its first to be based on a sale-and-operate model. Jaguar is its fifth for ExxonMobil Guyana. The other orders were based on a lease-and-operate model. In the company’s latest... Continue Reading →
Brazil Energy Insight 