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July 9, 2020 TechnipFMC starts to manufacture, in this semester, the rigid pipeline lines for Petrobras' Mero 1 field, at its plant (Açu spoolbase) in Porto do Açu, in São João da Barra (RJ). The pipes will be installed at the location in the Santos Basin pre-salt by the Deep Blue and Deep Energy vessels,... Continue Reading →
Mexico's state oil company Pemex and a private consortium led by U.S.-based Talos Energy Inc have been instructed to come to an agreement detailing how they will jointly develop a large offshore oil find, the energy ministry said on Wednesday. The formal instruction from the energy ministry, dated July 7 but announced in a statement... Continue Reading →
Malaysian FPSO specialist Yinson has welcomed another Japanese investor to its Marlim 2 FPSO project. Yinson is building the Anna Nery FPSO (conversion from Falcon VLCC) to be deployed at Petrobras Marlim II project offshore Rio de Janeiro, under a 25-year lease contract. Continue reading
July 8, 2020 – Petróleo Brasileiro S.A. – Petrobras informs that the Paulínia Refinery (Replan), located in the state of São Paulo, broke the monthly production record for Bunker 2020, a low-sulfur fuel oil used on ships, for the second consecutive month. In June, the refinery reached 148 thousand m³, 20% higher than the previous record... Continue Reading →
After the long, slow downturn that began in late 2014, this year was set to be better with many dormant regions resuming exploration and long-awaited development drilling programs going ahead. Then in mid-March, a double disaster struck as an oil price crash coincided with a global pandemic. This double whammy left many operators hitting the... Continue Reading →
As much as 40 per cent of maintenance work carried out by floating production storage and offloading (FPSO) vessel operators was described as “unnecessary” by a report from UK’s classification society Lloyd’s Register (LR). LR said on Wednesday that, by reducing these unwarranted manhours, operators could save on average almost £600,000 (around $750,000) per asset... Continue Reading →
Norway-based energy intelligence firm Rystad Energy said Tuesday it didn't expect any new FPSO orders this year, however, it expects the situation will improve next year when it foresees seven new FPSO to be ordered. "Hit by the second industry downturn in five years, global awards for floating production, storage and offloading (FPSO) vessels will... Continue Reading →
Petrobras is preparing to launch a tender to build Brazil's largest-ever oil platform, according to two people with knowledge of the matter, as the state-controlled oil firm pushes ahead with ambitious plans to boost deepwater production. Petroleo Brasileiro SA, as the Rio de Janeiro-based producer is formally known, plans to launch the leasing tender for... Continue Reading →
Jul 8, 2020 Shell found new evidence of oil in well 3-SHEL-32D-RJS, in the south of Gato do Mato, in the Santos Basin pre-salt. The drilling of the 3-SHEL-32D-RJS started in March. This is the third occurrence in the block, where the oil company is conducting a campaign with the Brava Star rig, in a... Continue Reading →
Pemex’s nearly $105 billion in debt already makes it the biggest borrower of any oil company in the world. And it’s accruing more. Pemex is asking some of its contractors if they can wait until next year to be paid money that is owed to them now, according to people with knowledge of the situation,... Continue Reading →
