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Mexico’s energy services provider Grupo R has signed an offshore drilling and logistics contract with compatriot Hokchi Energy, a subsidiary of Argentinean firm Pan American Energy. Grupo R said on Thursday that it would be using the Cantarell III jack-up rig to drill wells during the Hokchi field development campaign off the coast of the... Continue Reading →
Norway’s Equinor has entered into Front End Engineering and Design (FEED) contracts with early commitments and pre-investments for phase 1 of the Bacalhau (formerly Carcará) area in Brazil. Contractors have been selected for both the SURF (Subsea, Umbilical, Risers and Flowlines) and the FPSO (Floating Production, Storage and Offloading) contracts, Equinor said on Thursday. Subsea... Continue Reading →
Oilfield services provider TechnipFMC has chartered the Brazilian-built pipelay support vessel (PLSV), Skandi Vitoria. The Skandi Vitoria PLSV is owned by a 50-50 joint venture between DOF Subsea and TechnipFMC. It is of an STX OSCV 06 design, and the first pipelay vessel built in Brazil back in 2010. DOF Subsea said on Thursday that... Continue Reading →
Japanese companies have teamed up to proceed with a charter project for the deepwater FPSO for the Petrobras-operated Marlim field located offshore Brazil. MODEC, Mitsui, Mitsui O.S.K. Lines (MOL), and Marubeni have agreed that Mitsui, MOL and Marubeni will invest in a long-term charter business currently promoted by MODEC for the purpose of providing an... Continue Reading →
Japan’s MODEC has signed a sales and purchase agreement (SPA) with Equinor to supply a floating production storage and offloading (FPSO) vessel for the Bacalhau (formerly Carcará) field offshore Brazil. MODEC was awarded a Pre-Front End Engineering Design (Pre-FEED) contract for the FPSO in December 2018 and has now been selected as the turnkey contractor... Continue Reading →
MODEC, INC. announced today the revision of the consolidated forecast for the full-year ended December 31, 2019, which was announced on February 5, 2019 and revised on November 1, 2019. The revision is mainly due to the recording of extraordinary loss and the company’s recent business performance. Continue reading
Subsea Integration Alliance, a JV between Subsea 7 and OneSubsea, has been awarded an exclusive contract by Equinor for the Front End Engineering Design (FEED) study for the SURF (Subsea, Umbilical, Risers and Flowlines) on its Bacalhau (formerly Carcará) project, offshore Brazil. The awarded work is required to finalize the technical definition of the proposed field development... Continue Reading →
Set to deploy 21 FPSOs by 2025, Brazil currently leads the world in offshore floating production development. As part of the Global Offshore Brazil Summit, in Rio de Janeiro March 4th and 5th 2020, Wood’s Chris Barton will lead an exclusive FPSO Focus speaker panel. Barton, senior VP of business development for Wood, will present on innovations... Continue Reading →
The long awaited first ever offshore licensing by Senegal has finally been launched as the West Africa country inches closer to achieving its national medium- and long-term hydrocarbon sector investment plan and drive to transform the upstream resource into a source of clean electricity generation. The launch of the licensing round this week in Dakar, Senegal by... Continue Reading →
BW Offshore has slightly reduced the valuation of its planned oil and gas spin-off, the Oslo-listed company said as it presented details for the initial public offering on Wednesday. The valuation of BW Energy was shaved to a range of between $700 million and $750 million, from the $700 million to $800 million proposed in... Continue Reading →
Brazil Energy Insight 