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(PetroleoHoje) Hygo (formerly Golar Power) and Aruanã Energia plan to build two LNG facilities at the Port of Suape, in Pernambuco. Under analysis by the ANP, the projects foresee the use of the same area in the port, which motivated the agency's letter asking for clarification from the Suape administration. This is the Multiple Use... Continue Reading →
(PetroNoticias) Enauta started the week with good reasons to celebrate. Its main asset, the Atlanta field, reached today the mark of 18 million barrels produced since the beginning of its operation, in May 2018. Located in the Santos Basin, the field today operates through an Early Production System (EPS), the FPSO Petrojarl I, in a... Continue Reading →
By Oliver Thompson, Archer Knight Demand for work-class ROVs (WROV) has traditionally been determined by the state of the global offshore oil & gas industry. This is likely to remain the case in the short to medium-term. However, there’s a new kid on the block – offshore wind. Growth in this sector is seen as... Continue Reading →
(Bloomberg) -- If an energy transition is underway around the world, it hasn’t reached the streets of Ilha da Conceicao, the working-class district at the heart of Rio de Janeiro’s oil revival. There, buses and trucks are piling into Baker Hughes Co.’s shipyard, where the energy services giant is churning out hundreds of kilometers of... Continue Reading →
TechnipFMC’s Subsea division has reported an adjusted EBITDA of $154.1 million in the second quarter of 2021, a 14% increase compared to the first quarter of the year. The division saw a revenue of almost $1.4 billion, a modest improvement, and an operating profit of $72.4 million, a significant increase from $37 million reported in Q1 2021. The... Continue Reading →
Two of Keppel Offshore and Marine Limited’s wholly-owned subsidiaries have received a request for arbitration from an unnamed company for two FPSO contracts. Singapore’s conglomerate Keppel Corporation said in an SGX filing that the contracts in question were engineering, procurement, and construction contracts relating to floating production, storage, and offloading (FPSO) units. According to the company, the... Continue Reading →
Bankrupt offshore drilling contractor Seadrill Limited has hammered out a reorganisation plan with its consenting lenders, which will allow it to emerge from Chapter 11 bankruptcy. Seadrill expects to get approval for the plan in early November 2021. To remind, Seadrill filed for Chapter 11 in February 2021. Just last week, it was reported that... Continue Reading →
Oilfield services giant Schlumberger NV issued a bullish forecast for 2021 on Friday as second-quarter profit topped estimates due to surging margins, with a rebound in oil prices boosting demand for its software and equipment. Global crude prices rose 18% in the quarter that ended in June and have climbed 42% since the start of... Continue Reading →
Singapore-based Keppel Offshore and Marine subsidiaries have been slapped with a request for arbitration from an unnamed counterparty in relation to contracts for the delivery of Floating, Production, Storage, and Offloading (FPSO) vessels. Keppel said this week that the unnamed claimant had withheld $11.3 million due to Keppel's subsidiaries under the FPSO engineering, procurement, and construction... Continue Reading →
Located in the Atapu field, in the eastern portion of the Santos Basin pre-salt, the P-70 reached its project capacity of 150,000 barrels per day on July 12, with the contribution of just four producing wells, one year after entry into production. This result confirms the excellent productivity of the field's reservoirs and reflects the... Continue Reading →
Brazil Energy Insight 