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2020 will be a peak year for floating production, storage and offloading unit (FPSO) demand with up to 14 awards forecast in Wood Mackenzie’s base case scenario, half of which will be located offshore Latin America. Only two of these facilities are expected to be Petrobras units; a result of the increasing number of international... Continue Reading →
Mexican operator Grupo R has signed a contract with Shell for the lease of the La Muralla IV drilling rig to operate in the deep waters of the Gulf of Mexico. Grupo R said on Tueday that the integrated contract model signed with Shell would provide Shell with the drilling rig, as well as the... Continue Reading →
Feb 3, 2020 Omni Táxi Aéreo (OTA) is supporting Karoon in its drilling campaign in block Z38, in Peru. This will be OTA's first international operation, which is involved in transporting passengers from the city of Tallara to the Marina 1 well, in the Tumbes basin approximately 110 km from the base of operations. Two... Continue Reading →
Demand from the world’s top oil companies for floating drilling units is set to rise through 2020 and 2021, according to Norwegian energy research and consultancy firm Rystad Energy. Rystad Energy said last week that the demand from the world’s top oil companies for floating drilling units had climbed steadily in the past two years... Continue Reading →
Dutch FPSO provider SBM Offshore has launched a video of its first completed Fast4Ward FPSO hull arriving in Singapore. As previosuly reported, the hull reached Singapore in mid-January 2019. SBM Offshore said that the Fast4Ward MPF hull had arrived at Keppel in Singapore following its journey of 2,300 nautical miles from the Shanghai Waigaoqiao Shipbuilding and Offshore... Continue Reading →
Two people connected to Singapore’s rig builder Sembcorp Marine have faced charges for money laundering and corruption related to a drilling rig construction contract with Brazil’s drilling contractor Sete Brasil. Sembcorp Marine said on Monday that the Ministério Público Federal in Brazil (MPF) had filed charges against Guilherme Esteves de Jesus (GDJ) for money laundering... Continue Reading →
Japanese FPSO giant MODEC has ordered a seawater treatment package for the FPSO Almirante Barroso from Veolia Water Technologies. Under the contract, Veolia will be responsible for the design and procurement of equipment with construction for a seawater treatment plant sized for 280,200 BPD (44,450 m3 /day) of low sulfate water for the Almirante Barroso... Continue Reading →
Brazil’s offshore construction specialist Estaleiros do Brasil Ltda (EBR) has completed the construction of two modules for the FPSO Guanabara MV31. The FPSO is being built by MODEC Offshore Production Systems Singapore and will operate in the Mero field in the giant pre-salt region offshore Brazil. EBR said on Friday that the modules, shipped on... Continue Reading →
Increasing activity, led by scaled down, accelerated projects and subsea tiebacks is helping drive an increasing business in the subsea industry. But there’s slim chance of revisiting the boom days of 2013, the Society of Underwater Technology’s annual Global Subsea Market Outlook Business Breakfast heard this morning. Henning Bjørvik, an analyst in the Oilfield Service... Continue Reading →
Dutch geotechnical services provider Fugro expects to earn around $40 million from the sale of HC2 Holdings’ subsidiary Global Marine Group (GMG). Fugro said on Thursday that it would monetize the remainder of its non-core 23.6% interest in GMG, which was expected to result in proceeds for Fugro of close to $40 million. According to... Continue Reading →
Brazil Energy Insight 