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(Investing.com) On Monday, Ocean Wilsons Holdings Ltd. announced the sale of its majority stake in Wilson Sons S.A. to MSC Mediterranean Shipping Company's subsidiary, SAS Shipping Agencies Services Sàrl, for a total cash consideration of R$4.352 billion. This equates to R$17.50 per share and represents Ocean Wilsons' 56.47% interest in the Brazilian maritime logistics operator.... Continue Reading →
This October, MODEC celebrates 10 years since FPSO Cidade de Mangaratiba MV24 went into operation. The FPSO is anchored in the Lula Field, in the Iracema Sul area, with a water depth of 2,200 meters and is capable of processing 150 thousand barrels of oil per day and 8 million cubic feet of natural gas... Continue Reading →
(Reuters) - Oilfield services firm SLB's third-quarter profit rose 13% and beat analysts' estimates on Friday on steady demand for its equipment and technology in international market and from offshore projects in North America. However, the company warned of limited spending by international producers in a weak oil price environment. SLB, which gets 81% of its... Continue Reading →
(OE) Brazil’s Federal court has annulled a two-year ban imposed on Saipem’s two business units on from contracting with the Brazilian public administration. The decision to prohibit Saipem’s two businesses was taken due to alleged irregularities in the award of a contract related to gas pipelines, dating back to 2011. According to Saipem, the court... Continue Reading →
(PN) The FPSO market saw a 50% increase in investments — from US$6 billion to US$9 billion — related to the surface capital of new projects in 2023, a trend that is expected to continue in 2024. The data was presented this week by Rystad Energy. This growth is largely concentrated in South America, especially... Continue Reading →
(OE) American Bureau of Shipping (ABS) has secured a contract to provide and test a digital twin solution for real-time condition monitoring for a Petrobras floating production, storage and offloading (FPSO) unit. The ABS solution will provide a digital twin of the asset, and as part of the project, ABS has selected Akselos to deploy... Continue Reading →
(OE) Consulting and engineering firm Wood has taken charge of the Joint Industry Partnership (JIP) to create industry guidelines for CO2 specifications to accelerate sustainable carbon capture, utilization and storage (CCUS) projects. The guidelines are the first of their kind to focus on the impact of impurities in CO2 across the entire CCUS value chain.... Continue Reading →
DNV, the independent energy expert and assurance provider, has supported Atlas Renewable Energy in securing $289 million in financing for its first standalone Battery Energy Storage System (BESS) project in Chile. The financing package, backed by senior loans and credit lines from BNP Paribas and Crédit Agricole CIB, will fund the development of Battery Energy... Continue Reading →
(PN) Petrobras officially launched (14) the invitation to tender for the FPSO P-86, which will be part of the revitalization project for the Marlim Sul and Marlim Leste fields. The opening of the envelopes with the bidders' proposals is expected to take place only on April 8 of next year. However, as has been seen... Continue Reading →
(oedigital.com) Certification body DNV has launched the second phase of its floating substation joint industry project (JIP), which aims to establish standards for offshore substations in the growing floating wind sector. The new phase will play a key role in refining guidelines and closing technology gaps, with participation now expanding to 19 leading industry players.... Continue Reading →
Brazil Energy Insight 