Brought to you by Quest Offshore & Southern Cone Consultants
Petrobras divestment plan suffered a significant blow. The company decided that it will no longer sell 50% of the Marlim Cluster, which comprises of the Marlim, Voador, Marlim Leste and Marlim Sul fields, located predominantly in deep waters in the Campos Basin. “It is an asset that we have already managed to extend [the term... Continue Reading →
The U.S. is leaving Venezuelan operations of Chevron Corp. and top American oil-service companies at a standstill after President Nicolas Maduro’s socialist party came victorious in regional elections questioned by several Western nations. The U.S. Treasury Department on Wednesday extended until June. 1 its authorization for Chevron, Halliburton Co., Schlumberger, Baker Hughes Co. and Weatherford International Plc... Continue Reading →
The Brasfels shipyard, in Angra dos Reis (RJ), began manufacturing the production modules for the FPSO P-78, which will be installed in the Buzios field, in the Santos Basin. Altogether, ten modules will be built here in Brazil – out of a total of 21 – and the work should last around 20 months. The... Continue Reading →
SBM Offshore, one of the world's largest suppliers of FPSO vessels for the offshore oil and gas industry, has been ordered to pay 7.0 million CHF (around USD 7.6 million) for bribery in the 2005 – 2012 period. A year ago, SBM Offshore said that three of its subsidiaries in Switzerland had received a notification... Continue Reading →
French-American multinational, TechnipFMC recently landed a multi-million dollar contract to supply the subsea equipment for ExxonMobil’s fourth project in the Stabroek Block at the Yellowtail Development area. Based on its analysis of this contract alongside its record of others in the industry over the years, Rystad Energy recently noted that it ranks among the top... Continue Reading →
Norwegian oil and gas company Equinor has extended the contract with the engineering and consulting firm for the delivery of maintenance solutions across the Peregrino wellhead platforms (WHP) and FPSO, located offshore Rio de Janeiro, Brazil. "This is the third one-year extension awarded to the team, with the contract initially secured in 2015 as a... Continue Reading →
(OE) Russian oil company Lukoil has said it has discovered an oil field within the Yoti West structure at Block 12 offshore Mexico. The field was discovered after drilling the first exploration well. According to preliminary estimates, the initial oil in place reaches 250 million barrels, Lukoil said. Lukoil used the Valaris Valaris 8505 semi-submersible... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE) and conglomerate Andrade Gutierrez (AGIS.UL) have won 1 billion euro ($1.1 billion) contract to build a 1.7 gigawatt combined cycle power plant in Brazil, the German group said on Tuesday. The contract has been awarded by Gas Natural Acu (GNA), a joint venture of Siemens Energy, BP (BP.L), Prumo Logistica and China's State... Continue Reading →
(OE) Design and engineering consultancy Houlder said Tuesday it was supporting Subsea Micropiles, a company adapting land-based micropiling technology to create superior marine foundation and anchor solutions. Houlder is providing marine operations and engineering support to speed up market development and the deployment of Subsea Micropiles’ technology."Innovative foundation technology is essential to reducing costs and... Continue Reading →
PJ Valves (PJV), a manufacturer and supplier of valves for the energy industry, has secured orders to supply valves for two FPSOs in Brazil. One of these FPSOs is planned to be one of the largest offshore oil producing units in the world. The FPSO, destined for the Buzios field, will have daily processing capacity... Continue Reading →
Brazil Energy Insight 