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(Reuters) - French energy group Total and its partners have launched the third phase of development for the Mero deep offshore oil project off the coast of Brazil, the company said on Monday. The Mero 3 floating production storage and offloading vessel(FPSO) will have a liquid treatment capacity of 180,000 barrels per day (bpd) and... Continue Reading →
August 14, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on 06/15/2020, announces the beginning of the binding phase regarding the sale of four thermal power plants, three of which are located in Camaçari, in the state of Bahia and powered by fuel oil (UTEs Polo Camaçari), and one bi-fuel... Continue Reading →
August 14 , 2020 Petróleo Brasileiro S.A. – Petrobras informs that today it signed a letter of intent with the company MISC Berhad for the chartering and services for FPSO (floating production storage and offloading unit) Marechal Duque de Caxias to be installed in the Mero field, belonging to the Libra Block, in Santos Basin... Continue Reading →
Japan Bank for International Cooperation (JBIC) has entered into an agreement to provide a project loan for a floating production storage and offloading (FPSO) vessel jointly owned by compatriot companies Modec, Mitsui & Co, MOL and Marubeni Corporation. The unit, FPSO Almirante Barroso MV32, is currently being converted from VLCC VK Eddie at the Cosco Dalian yard... Continue Reading →
August 14, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 06/18/2018, informs that it signed today with SPE Fazenda Belém S.A., a wholly-owned subsidiary of 3R Petroleum e Participações S.A., a contract for the sale of its entire interest in the onshore fields of Fazenda Belém and Icapuí, called Fazenda... Continue Reading →
Aug 14, 2020 The Administrative Council for Economic Defense (Cade) approved, without restrictions, the acquisition, by MIC Capital Partners (a company of the Mubadala group) and Magni Partners, a joint venture, with a specific purpose to own and manage the following drilling rigs ( currently under construction): Arpoador, Guarapari, Urca and Frade, all from Sete... Continue Reading →
Brazil, home to the most severe Covid-19 outbreak in Latin America, is emerging with the region’s shallowest recession this year, thanks to a faster economic reopening and temporary stimulus measures. The nation that trails only the U.S. as a global virus hotspot has seen key indicators including industrial output and retail sales outstrip economist expectations just as stores and... Continue Reading →
Aug 14, 2020 The ANP board approved the extension of four more contracts for mature onshore oil and gas fields: Massapê, Cantagalo, Fazenda Azevedo and Fazenda Boa Esperança. Thus, there are already 34 mature fields with extended contracts (21 offshore and 13 onshore), which will generate more than US $ 28 billion in new investments,... Continue Reading →
Dutch floating production solutions provider SBM Offshore has ordered equipment from Malaysia's KNM to be installed on an FPSO destined for ExxonMobil's Guyana operations. Bursa Malaysia-listed KNM said SBM Offshore had on Thursday ordered PME pressure vessel separators worth around $4 million. KNM said that the equipment would be delivered by its subsidiary KNM Process... Continue Reading →
A Maersk Drilling-owned drillship is expected to restart operations in Africa for French oil major Total following a suspension of the contract, which started at the end of April. According to Maersk Drilling’s latest fleet status report, Total suspended its contract for the Maersk Voyager drillship with effect from 29 April 2020. Continue reading
