(OE) Dutch FPSO leasing company SBM Offshore has agreed to sell down a 45% stake in the FPSO Almirante Tamandaré, one of the world's largest FPSOs, being built for Brazil's Petrobras. "SBM Offshore is pleased to announce that it has entered into a shareholder agreement with its long standing business partners Mitsubishi Corporation (MC) and... Continue Reading →
EXCLUSIVE Shell hits oil and gas in Namibian offshore well
(Reuters) - Shell (RDSa.L) has made a significant oil and gas discovery at an closely-watched offshore well in Namibia which could spark a wave of investment in the southern African country, three industry sources told Reuters. Namibia is not a fossil fuel producer, although northern neighbour Angola is a major oil and gas producer and a member... Continue Reading →
Enauta Buys FPSO OSX-2 for Deployment at Atlanta Field
(OE) Brazilian oil company Enauta has agreed to buy FPSO OSX-2 for the Definitive System (DS) of the Atlanta oil field in the Santos Basin, offshore Brazil. The completion of the acquisition is contingent on compliance with the agreed contractual conditions and is expected to occur in the first quarter of 2022. "The acquisition of... Continue Reading →
Petro Rio on Legal Injunction on the Development of Wahoo
Petro Rio SA (the “Company” or “PetroRio”) (B3: PRIO3), following the best corporate governance practices, hereby presents to its shareholders and the market in general, clarifications on news published in the press, last Friday, January 21, 2022, regarding the monocratic decision handed down by the Hon. Judge Dr. Luciano Saboia Rinaldi de Carvalho, of the... Continue Reading →
Shell ditches Royal Dutch from its name
Oil and gas major Shell has officially changed its name to Shell plc, after deciding to simplify its share structure, move the headquarters from the Netherlands to the UK and, as a result, remove the Royal Dutch designation from its name. The energy major on Friday confirmed its name had changed from Royal Dutch Shell... Continue Reading →
Prumo Logistica Purchases 20% of the Oiltanking Shares and Assumes Total Control of Açu Petroleo
(PN) Prumo Logistica, a company controlled by EIG Global Energy Partners, responsible for the development of Porto do Açu, acquired the 20% stake held by the German company Oiltanking and will now control 100% of Açu Petroleo. Formed in 2016, Açu Petroleo is the owner of the only private terminal in Brazil for transshipment of... Continue Reading →
Upstream M&A deals hit three-year high in 2021 – Rystad long read
Global upstream merger and acquisition (M&A) deals rebounded to pre-Covid-19 levels in 2021, reaching a total of $181 billion, which is a 70 per cent increase over 2020, Rystad Energy’s research shows. Additionally, the M&A market is likely to stay active for the foreseeable future. According to Rystad Energy’s report on Friday, the total deal value for... Continue Reading →
Petrobras plans to explore Foz do Amazonas
(epbr) The exploratory success in Guyana, where the activity is more advanced, indicates that there is potential for the discovery of large reserves in the formations shared with Suriname, and in Foz do Amazonas, Equatorial Margin of Brazil, where Petrobras intends to start the drilling campaign. this year. The blocks, contracted in 2013, are located... Continue Reading →
Highest utilisation rate for Prosafe fleet since 2015
In 2021, offshore accommodation provider Prosafe saw its vessel utilisation more than double when compared to the previous year and reach the highest rate since 2015. In an update on Friday, Prosafe reported that its fleet utilisation rate in 4Q of 2021 was 59.3 per cent compared to 25 per cent in 4Q 2020. The... Continue Reading →
Fugro to back subsea ops at Mero 2
Fugro has secured a subsea survey and positioning contract with Maersk Supply Service to support the installation of an anchoring system for the floating production storage and offloading (FPSO) vessel Sepetiba at Petrobras’ deepwater Mero 2 project in Brazil. For the project, Fugro will use its QuickVision augmented reality camera to help guide the installation... Continue Reading →
