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Asian shipyards are making progress on the construction of future Petrobras FPSOs that will start operating on the Brazilian coast between 2021 and 2024. In recent months, many of them have made considerable progress in their works. The next unit in Búzios, the FPSO Almirante Barroso is now almost 60% finished. The platform ship should... Continue Reading →
Petrobras intends to go to the market this year to contract the FPSO for the deep water project in the Sergipe-Alagoas Basin (SEAP). The information was revealed this morning by the company's production development director, Rudimar Lorenzatto, during a conference call with analysts and investors. The executive also confirmed that the SEAP conceptual project was... Continue Reading →
The manufacturer of machinery and equipment WEG had a profit of R $ 742.2 million in the fourth quarter of 2020, which represents an increase of 48.5% compared to the same period of the previous year. The company's revenue grew 29.5%, to R $ 4.88 billion. The result was influenced by factors such as the... Continue Reading →
Brazilian national oil company Petrobras has hired AqualisBraemar to perform DP acceptance and annual trials for their DP shuttle tanker fleet operating in Brazil over the next three years. Under the contract, AqualisBraemar will carry out trials to verify the integrity and capabilities of the station-keeping equipment for Petrobras’ shuttle tanker fleet. Shuttle tankers transport... Continue Reading →
Subsea 7 has recognised a major loss in 2020, mostly on impairment charges, but increased its backlog by 20 per cent and kept revenue down only five per cent compared to 2019. The engineering and construction specialist recognised 2020 net loss of $1.1 billion, against loss of $82 million in 2019. In the full year... Continue Reading →
UK-based TechnipFMC has reported fourth-quarter 2020 loss of $39 million or 9 cent per diluted share against $2.4 billion loss same time last year. Adjusted diluted earnings per share was 5 cents, with analysts projecting some 20 cents. Revenue for the quarter was down from Q4 2019 some eight per cent at $3.32 billion and... Continue Reading →
Brazilian oil and gas giant Petrobras has signed a letter of intent with SBM Offshore for the chartering and provision of services for the FPSO Almirante Tamandaré, to be installed in the Búzios field, located in the Santos Basin pre-salt area off Brazil. Petrobras said on Wednesday that the FPSO will be the sixth unit... Continue Reading →
In the midst of the process of change in its high command, Petrobras launched this week a new tender that promises to move the market. The state-owned company published a public notice to contract up to five offshore drilling rigs. The opening of the envelopes with the bidders' proposals is scheduled for March 15th. The... Continue Reading →
Italian oilfield services company Saipem has developed a new tool for the estimation of the carbon footprint of its offshore projects. Saipem said on Wednesday it has won the Environmental Sustainability Award in International Marine Contractors Association’s (IMCA) 2020 Awards programme, for an innovative CO2 estimation tool in its offshore projects. The tool is named SOCE (Saipem... Continue Reading →
(Reuters) - Brazil’s state-controlled oil company Petrobras received only one proposal, from Holland’s SBM Offshore, in a bid to contract construction of the Mero 4 oil platform in the Santos Basin pre-salt, two sources with knowledge of the matter told Reuters. Petrobras’ business plan foresees Mero 4 entering operation in 2025 with a capacity to... Continue Reading →
Brazil Energy Insight 