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(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 →
Barry Parker, Contributor (OE) Offshore energy is on a growth trajectory. Rystad Energy wrote in February 2024 that upstream oil majors were diving in to deeper waters. “Despite tightened budgets, frontier drilling is fueling optimism for a productive year, particularly deepwater projects in the Atlantic Margin, Eastern Mediterranean and Asia,” Rystad wrote, noting that “the trend... Continue Reading →
(PN) Yinson announced that the FPSO Maria Quitéria departed the Cosco Shipping Heavy Industry shipyard, in China, heading to Brazil. The vessel is expected to arrive in the country during the second quarter of 2024 and will be installed in the Jubarte field, in the northern part of the Campos Basin. The FPSO will be... Continue Reading →
(OE) Compagnie Maritime Monegasque (CMM) has secured $94 million in financing from Summit Ridge Capital Partners, which will help the company construct pioneering ethanol-powered fleet of Platform Supply Vessels (PSVs) in Brazil. The financing will enable CMM to recompose its shareholder structure and to expand its fleet, the company said. Panorama Capital Partners sourced and... Continue Reading →
(OE) Seatrium has secured a topsides integration contract from MODEC's company Offshore Frontier Solutions for the Errea Wittu floating production storage and offloading (FPSO) unit. The contract scope of work covers the installation and integration of topside modules onboard the FPSO Errea Wittu, and includes completion and commissioning support for MODEC. The FPSO will be... Continue Reading →
Contributor: Philip Lewis is Director Research at Intelatus Global Partners (OE) At a high-level, there are three solutions to transferring technicians from shore bases to offshore wind farms for construction and O&M activities: crew transfer vessel (CTV), helicopter, and SOVs/CSOVs. SOVs and CSOVs generally house 60-120 technicians offshore for a few weeks at a time,... Continue Reading →
Jesper Skjong, Contributor (OE) Since our last market update in the subsea space about a year ago both our current market view and forecasts have strengthened significantly. While the demand picture is looking solid and arguing for a strong multi-year upcycle, the supply side has also started to wake from its slumber albeit ever so slightly... Continue Reading →
(PN) Petronotícias published an exclusive investigation report into the outcome of the Petrobras tender to contract the P-84 and P-85 platforms, for the Atapu and Sépia fields, respectively, in the pre- salt from the Santos Basin. After a few months of negotiations, Seatrium (a company formed by the merger between Sembcorp Marine and Keppel Offshore)... Continue Reading →
Petrobras estimates investments of around US$ 73 billion in exploration and production activities and will allocate part of this investment to demands addressed to the naval and offshore industry, with actual construction opportunities in Brazil. The projects related to these demands include oil platforms, maritime support vessels, cabotage vessels, and the sustainable disposal of units.... Continue Reading →
(OE) Yinson Production has held the naming ceremony for FPSO Maria Quitéria which will deployed in at Petrobras’ Jubarte field offshore Brazil. The naming ceremony for the FPSO Maria Quitéria was held at Cosco Shipping Heavy Industry (Shanghai) Shipyard in China on April 3, 2024. FPSO Maria Quitéria is a conversion project with a production... Continue Reading →
Brazil Energy Insight 