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(OE) SBM Offshore’s floating floating production, storage, and offloading (FPSO) unit ONE Guyana, built for ExxonMobil’s Yellowtail field offshore Guyana, has left the drydock and arrived along quayside at the Seatrium yard in Singapore. The FPSO is set to join three other SBM Offshore-operated FPSOs in Guyanese waters in 2025. Building upon the success of... Continue Reading →
(OE) Wintershall Dea and its partners TotalEnergies and Pan American Energy have completed the installation of the Fénix platform offshore Argentina. The platform was installed around 60 kilometer off the coast of Tierra del Fuego, in 70-meter water depth. Given the size of the project, the logistics and the installation of the 4,800-ton platform were... Continue Reading →
(PN) Petrobras is in direct negotiations with Seatrium (a company formed by the merger between Sembcorp Marine and Keppel Offshore) for the construction of platform ships (FPSOs) P-84 and P-85. The vessels will be installed by Petrobras in the Atapu and Sépia fields, respectively, both located in the pre-salt of the Santos Basin. In Brazil,... Continue Reading →
Facility includes an option to convert to a sustainability-linked loan Seatrium Limited (Seatrium, or the Group) is pleased to announce that its wholly-owned subsidiary Seatrium Financial Services Pte. Ltd. (SFS) has successfully refinanced an existing loan facility due in February 2024 with a S$400 million committed loan facility from DBS Bank Limited (“DBS”). The three-year... Continue Reading →
(OE) Offshore drilling company Valaris has taken delivery of newbuild drillships VALARIS DS-13 and DS-14 for an aggregate purchase price of approximately $337 million. VALARIS DS-13 and DS-14 will be mobilized from South Korea to Las Palmas in Spain, where the rigs will be stacked until they are contracted for work. The purchase of the... Continue Reading →
Philip Lewis, Contibutor (OE) The U.S. Maritime Administration (MARAD) has recently announced an amendment to the Federal Ship Financing Program, commonly referred to as Title XI. The amendments have aligned the program’s financial requirements and tests with common current federal credit and maritime lending best practices. In particular, the amendments aim to move away from inflexible... Continue Reading →
Gazelle Wind Power (Gazelle), the developer of a next-generation floating offshore wind platform, and Tugdock, developers of the world’s first road-transportable floating dry dock known as the Tugdock Submersible Platform, have signed a Memorandum of Understanding to co-develop a modular offshore wind assembly system, that is expected to dramatically drive down costs and increase production... Continue Reading →
Yinson Production officially named its latest addition to the fleet, FPSO Atlanta, during a naming ceremony held at Dubai Drydocks World on December 13, 2023. FPSO Atlanta has a production capacity of 50,000 BOPD and a maximum storage capacity of 1,251,000 bbls. It will feature a carbon management process plant, which uses fuel gas for cargo... Continue Reading →
Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, has hosted dignitaries from Brazil, who came to visit a floating production, storage, and offloading (FPSO) vessel, destined to work at Enauta’s field off the coast of Brazil. At the start of December 2023, several dignitaries – Rui Costa, Chief of Staff at... Continue Reading →
The FPSO Pioneiro de Libra (PDL), an asset of the Altera&Ocyan joint venture, has just completed six years of operation, in the same year that the Brazilian Pre-salt celebrates seventeen years of its discovery. Since the first oil, in 2017, the platform ship, responsible for the Long Term Test (TLD) and the Early Production Systems... Continue Reading →
Brazil Energy Insight 