Malaysian FPSO specialist Yinson has welcomed another Japanese investor to its Marlim 2 FPSO project. Yinson is building the Anna Nery FPSO (conversion from Falcon VLCC) to be deployed at Petrobras Marlim II project offshore Rio de Janeiro, under a 25-year lease contract. Continue reading
Over 40 Offshore Rig Deals Dropped Since March. Still, There’s Room for Optimism
After the long, slow downturn that began in late 2014, this year was set to be better with many dormant regions resuming exploration and long-awaited development drilling programs going ahead. Then in mid-March, a double disaster struck as an oil price crash coincided with a global pandemic. This double whammy left many operators hitting the... Continue Reading →
LR: Up to 40 per cent of FPSO maintenance work ‘unnecessary’
As much as 40 per cent of maintenance work carried out by floating production storage and offloading (FPSO) vessel operators was described as “unnecessary” by a report from UK’s classification society Lloyd’s Register (LR). LR said on Wednesday that, by reducing these unwarranted manhours, operators could save on average almost £600,000 (around $750,000) per asset... Continue Reading →
Rystad: FPSO Contract Awards to Rebound in 2021 after Poor 2020
Norway-based energy intelligence firm Rystad Energy said Tuesday it didn't expect any new FPSO orders this year, however, it expects the situation will improve next year when it foresees seven new FPSO to be ordered. "Hit by the second industry downturn in five years, global awards for floating production, storage and offloading (FPSO) vessels will... Continue Reading →
Petrobras to Launch Tender for Brazil’s Biggest Ever FPSO
Petrobras is preparing to launch a tender to build Brazil's largest-ever oil platform, according to two people with knowledge of the matter, as the state-controlled oil firm pushes ahead with ambitious plans to boost deepwater production. Petroleo Brasileiro SA, as the Rio de Janeiro-based producer is formally known, plans to launch the leasing tender for... Continue Reading →
More oil in Sul de Gato do Mato
Jul 8, 2020 Shell found new evidence of oil in well 3-SHEL-32D-RJS, in the south of Gato do Mato, in the Santos Basin pre-salt. The drilling of the 3-SHEL-32D-RJS started in March. This is the third occurrence in the block, where the oil company is conducting a campaign with the Brava Star rig, in a... Continue Reading →
Cash-strapped Pemex seeks to defer key contractor payments to 2021
Pemex’s nearly $105 billion in debt already makes it the biggest borrower of any oil company in the world. And it’s accruing more. Pemex is asking some of its contractors if they can wait until next year to be paid money that is owed to them now, according to people with knowledge of the situation,... Continue Reading →
KNOT secures long-term charter for shuttle tanker with PetroChina
Knutsen NYK Offshore Tankers AS (KNOT), a joint venture between Japanese shipping major NYK and Norway’s TS Shipping Invest (TSSI), has concluded a first long-term time charter contract for a shuttle tanker with PetroChina International (America), part of PetroChina Company Limited. As informed, the contract is for a period of up to ten years starting... Continue Reading →
TSG Marine Bringing Rapid Sanitization System Offshore
UK-based offshore engineering company TSG Marine is working to bring Zoono, a revolutionary molecular layer that kills microbes for up to 30 days on sprayed surfaces, to offshore oil and gas platforms, in an effort to reduce COVID-19 infection risk. According to TSG Marine and the developer Zoono, this molecule uses a physical process rather... Continue Reading →
Three new FPSOs in sight for Buzios
July 6, 2020 Focused on the development of the Búzios field, Petrobras prepares series of tenders for the second half of the year. New notices to contract three FPSOs for the Búzios project (phases VI, VII and VIII), in the Santos cluster, one with a production capacity of 225 thousand bopb and two with 180... Continue Reading →
