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SBM Offshore is pleased to announce that it has secured a US$635 million bridge loan facility for the financing of the construction of FPSO Almirante Tamandaré. The facility was secured by the special purpose company which will own FPSO Almirante Tamandaré. Currently, SBM Offshore is the sole owner of this special purpose company. Discussions around... Continue Reading →
Vessel utilization in the offshore oil and gas seismic data acquisition sector has reached pre-pandemic levels in the third quarter of 2021, Rystad Energy has found. Rystad, a Norway-based energy industry intelligence firm, said that, after several devastating quarters caused by the pandemic, the seismic fleet’s hibernation is now over, with around 68% of the fleet... Continue Reading →
(PetroNoticias) Petrobras hopes to make progress soon with preparations for the start of production of the FPSO P-71 in the Itapu field, in the pre-salt of the Santos Basin. The state-owned company recently asked the Brazilian Institute for the Environment (Ibama) for a license to operate the platform vessel – which should start operating in... Continue Reading →
(PetroleoHoje) Dome and TechnipFMC agreed to extend the contract for the spoolbase area, at Porto do Açu, for another 20 years. The contract, which had been negotiated since the start of operations at the base in April, should be formalized this week. With the agreement, the deal between the two companies will go into effect... Continue Reading →
Three companies are working on a project to convert existing jack-up drilling rigs into offshore green hydrogen production units in the North Sea. Offshore engineering firm Aquaterra Energy, renewable hydrogen producer Lhyfe and offshore drilling contractor Borr Drilling have partnered up in the project called Project Haldane. The project envisions the development of an industrial-scale... Continue Reading →
(TNPetroleo) Oil States Brasil enters into a new contract with Petrobras for the maintenance and operation of dual bore completion risers, including accessories and peripherals such as elevator, spider, torque wrench, boxes, handling and test tools, adapters, pins, test caps, among others. The contract, which will last for 3 years, will all be performed in... Continue Reading →
Karoon Energy sees strong growth prospects in Brazil, where it started producing oil last year, working to more than double output by 2023 and considering two options to develop another field by mid-decade, its chief executive said on Monday. Karoon produced an average of just over 13,000 barrels per day (bpd) in the eight months... Continue Reading →
(TNPetroleo) GNA - Gás Natural Açu, a joint venture formed by BP, Siemens, SPIC Brasil and Prumo Logística, controlled by EIG Global Energy Partners, announces that the National Electric Energy Agency (Aneel) released this September 16 ), all the generating units that make up the UTE GNA I for the start of commercial operation. Totaling... Continue Reading →
Australian oil and gas firm Karoon Energy has reached a settlement agreement with Pitkin Petroleum over a dispute related to Block Z-38, offshore Peru. Back in May, Pitkin Petroleum sent a notice of the dispute to Karoon Energy, related to the joint operating agreement in respect of Block Z-38, offshore Peru in which the two... Continue Reading →
FPSO operator SBM Offshore has completed the project financing of FPSO Sepetiba for a total of $1.6 billion, which is the largest project financing in the company’s history. The project financing was secured by a consortium of 13 international banks with insurance cover from Export Credit Agencies (ECA): Nippon Export and Investment Insurance (NEXI) and... Continue Reading →
Brazil Energy Insight 