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(PN) Petrobras decided to cancel the tender for chartering a new platform ship (FPSO) for the Albacora field, in the Campos Basin. Two companies submitted proposals: Norwegian BW Offshore (US$ 1.2 billion) and Brazilian Ocyan (US$ 1.7 billion). However, after being unsuccessful in negotiations with BW, Petrobras attempted talks with Ocyan – and also failed... Continue Reading →
(OilNow) Even with six floating production, storage and offloading (FPSOs) vessels operating at peak production, Guyana’s oil operations would only utilize 7% of the 150 million tonnes of emissions sequestered by its forests annually. So said Guyana’s Vice President, Bharrat Jagdeo, during a recent press conference. The chief policymaker for the oil sector made this... Continue Reading →
Petronas Suriname E&P, a subsidiary of Malaysia’s state-owned energy giant Petronas, has exercised the option for Noble Corporation’s Noble Voyager drillship to drill one additional well offshore Suriname. The 7th generation drillship Noble Voyager will remain a little longer for drilling operation in Block 52 offshore Suriname at a day rate of $470,000. The contract... Continue Reading →
(OE) TMC Compressors (TMC) has secured a contract to supply a large capacity marine compressed air system to MODEC’s FPSO Errea Wittu, set for deployment at ExxonMobil’s Uaru field offshore Guyana TMC said it will manufacture and assemble the equipment in Europe, without disclosing the value of the contract. Offshore Frontier Solutions, MODEC’s joint venture... Continue Reading →
ANP released the Monthly Oil and Natural Gas Production Bulletin for February 2024, which provides consolidated data on national production. Total production (oil + natural gas) was 4.383 million barrels of oil equivalent per day (boe/d). Regarding oil, 3.448 million barrels per day (bbl/d) were extracted, a reduction of 2.0% compared to the previous month... Continue Reading →
(oilnow) MODEC and SBM Offshore are competing for an engineering, procurement and construction (EPC) award from TotalEnergies for Suriname’s first floating production, storage and offloading (FPSO) vessel, Upstream said in a March 25 report. The publication said the companies have stepped up efforts to secure yard space, after both conducting front-end engineering and design studies... Continue Reading →
(OE) MODEC has secured the Front-End Engineering and Design (FEED) contract for a floating production storage and offloading (FPSO) system for Shell’s Gato do Mato development, offshore Brazil. Gato do Mato FPSO will be moored at a water depth of approximately 2,000 meters, some 250 kilometers off the coast of Brazil. MODEC will be responsible... Continue Reading →
Petrobras has authorized hiring processes for support vessels for exploration and production logistics, with the aim of meeting short-term demand for the years 2025 and 2026. It also approved contracting new support vessels for long-term demands, whose technical specifications will focus on new technological solutions for efficiency and reducing greenhouse gas (GHG) emissions. These opportunities... Continue Reading →
( Offshore-energy.biz) UK-based offshore drilling contractor Stena Drilling is set to deliver an equipment upgrade for its newest drillship that is expected to make it capable of drilling in previously inaccessible reservoirs. The seventh-generation drillship Stena Evolution is about to undergo an equipment upgrade which will make it capable of drilling and completing wells requiring... Continue Reading →
Constellation, leader in the offshore drilling market in Brazil, recorded net revenue of US＄552 million in 2023, a growth of 36% compared to the previous year. The result before interest, taxes, depreciation and amortization (Ebitda) was US＄ 185 million, 176% higher than in 2022. The company released its 2023 financial results to the market this... Continue Reading →
Brazil Energy Insight 