Japanese FPSO secures financing from JBIC

Japan Bank for International Cooperation (JBIC) has entered into an agreement to provide a project loan for a floating production storage and offloading (FPSO) vessel jointly owned by compatriot companies Modec, Mitsui & Co, MOL and Marubeni Corporation. The unit, FPSO Almirante Barroso MV32, is currently being converted from VLCC VK Eddie at the Cosco Dalian yard... Continue Reading →

Petrobras on onshore fields sale in Ceará

August 14, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 06/18/2018, informs that it signed today with SPE Fazenda Belém S.A., a wholly-owned subsidiary of 3R Petroleum e Participações S.A., a contract for the sale of its entire interest in the onshore fields of Fazenda Belém and Icapuí, called Fazenda... Continue Reading →

PETROBRAS PROMISES TO ANTICIPATE TECHNICAL DETAILS ABOUT NEW PROJECTS TO ITS SUPPLIERS

Aug 12, 2020 Petrobras management is promising the supply chain to share a series of technical details about its new pre-salt exploration and production projects earlier. The information was provided by the company's executive director of Production Development, Rudimar Lorenzatto, who participated in a webinar promoted by SPE Brasil. The executive stated that the sooner... Continue Reading →

Well Intervention Market Overview

The well intervention market is a niche one, with only a few main players – including Helix/Well Ops, Island Offshore, AKOFS Offshore and Siem Offshore – and only three key geographical regions; Northwest Europe, South America and the US Gulf of Mexico. Unsurprisingly then, the fleet operates in regions with high numbers of installed subsea... Continue Reading →

Petrobras releases E&P teaser in Santos Basin

August 10, 2020 Petróleo Brasileiro S.A. - Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of 50% to 100% of its stake in the BM-S-51 concession with hand-over the operation, located in the Santos Basin, in the pre-salt polygon. The concession is located at water depths ranging from... Continue Reading →

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