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(OM) SBM Offshore has ordered the eighth Fast4Ward MPF FPSO hull under its Fast4Ward program. CMHI (China Merchants Heavy Industry Co.) will construct the hull. To date, SBM has delivered six hulls to confirmed field developments and has granted exclusivity for the seventh to ExxonMobil Guyana. In its latest results review, the company provided an... Continue Reading →
(Valor) American fund manager Oaktree entered the dispute for Ocyan, Novonor's (formerly Odebrecht) oil and gas company, Pipeline learned. Oaktree and another American fund, EIG Global Energy Partners, are in the final stages of a non-binding process of evaluating numbers for a purchase proposal. Investors had access to the data room and the deadline for... Continue Reading →
(Reuters) Colombia's majority state-owned energy company Ecopetrol will be more aggressive in exploring for oil under existing contracts, Chief Executive Ricardo Roa said on Wednesday, as the company warned external factors including weather and security issues could hit production. Ecopetrol, Colombia's biggest company and largest producer of oil, on Tuesday reported a 14% fall in first-quarter net... Continue Reading →
Oilfield services firm TechnipFMC has won a contract to supply subsea umbilicals, risers, and flowlines (SURF) for the recently sanctioned $9 billion BM-C-33 offshore development in Brazil. The contract was awarded by Equinor, the operator of the offshore block, on behalf of its partners Repsol Sinopec Brasil and Petrobras. Located in the Campos Basin, BM-C-33... Continue Reading →
(OE) Japanese FPSO supplier MODEC has won a contract with Equinor to supply an FPSO vessel for the BM-C-33 block of the Campos Basin offshore Brazil. The order comes just days after Equinor and its partners Repsol Sinopec Brasil, and Petrobras took the $9 billion investment decision to develop the BM-C-33 project in Brazil. Located in the... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), following best practices in corporate governance, informs its investors and the market in general the preliminary unaudited production data for April 2023. (1) It does not consider gas production at the Areia Branca, Fazenda Belém and Papa Terra Clusters, as it is consumed in... Continue Reading →
TechnipFMC has secured a “large” contract by ExxonMobil to deliver a subsea production system for a recently sanctioned oil development project in Stabroek block offshore Guyana. Under the contract awarded by ExxonMobil affiliate Esso Exploration and Production Guyana, TechnipFMC will provide project management, engineering, and manufacturing to deliver the overall subsea production system for the Uaru project. The... Continue Reading →
Shell Brasil, a subsidiary of the UK-headquartered energy giant Shell, has awarded a green recycling limited notice to proceed (LNTP) agreement to Modern American Recycling Services, Europe (M.A.R.S.) for a floating production storage and offloading (FPSO) vessel working off the coast of Rio de Janeiro. M.A.R.S. disclosed on Monday, 8 May 2023, that it had... Continue Reading →
Qatar’s state-owned energy giant QatarEnergy has entered into two production sharing contracts (PSCs) for two blocks offshore Suriname, following successful bids for these blocks. Back in June 2021, Chevron and a consortium between TotalEnergies and QatarEnergy submitted winning bids for blocks offered in the Suriname Shallow Offshore (SHO) Bid Round 2020/2021, which closed for bidding on 30 April.... Continue Reading →
Petro Rio S.A. ("Company" or "PRIO") (B3: PRIO3) informs that, following the second phase of the revitalization of the Frade field, it has found evidence of oil in the Maracanã prospect (3-PRIO-1-RJS well), which is located 6km southwest of Valente FPSO. The primary target (Eocene sandstone), presented a column of 36 meters of oil, with... Continue Reading →
