Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - Brazil's state-run oil firm Petrobras will begin to drill off Colombia's coast at its Uchuva-2 well this month, Chief Exploration and Production Officer Joelson Mendes told journalists during a press-conference. The promising area off Colombia's coast could justify a large project to supply natural gas to the Andean country and for exports, Mendes said in... Continue Reading →
Barry Parker, Contributor (OE) Offshore energy is on a growth trajectory. Rystad Energy wrote in February 2024 that upstream oil majors were diving in to deeper waters. “Despite tightened budgets, frontier drilling is fueling optimism for a productive year, particularly deepwater projects in the Atlantic Margin, Eastern Mediterranean and Asia,” Rystad wrote, noting that “the trend... Continue Reading →
(OM) Petrobras has received the Distinguished Achievement Award at the Offshore Technology Conference (OTC) for its innovations at the Marlim Field and others in the Campos Basin offshore Brazil. The company’s president Jean Paul Prates said, “Through intensive use of innovation and technology, we managed to increase production in the Campos Basin by 230,000 bbl/d, which was already considered... Continue Reading →
(offshoreWind.biz) The first Siemens Gamesa’s SG 11.0-200 DD wind turbine has been installed at the Gode Wind 3 offshore wind farm in Germany. In addition, the 253 MW project has started producing electricity for the first time and delivering it to the transmission network. On 23 April, the first of 23 Siemens Gamesa turbines was... Continue Reading →
(Offshore-energy.biz) Brazilian state-owned oil and gas giant Petrobras has tucked a new greenhouse gas (GHG) emission reduction milestone under its belt with a 41% drop in operational absolute GHG emissions between 2015 and 2023 on the decarbonization journey towards a just energy transition and net zero operations. Thanks to this, one of the highlights of the new... Continue Reading →
(Reuters) - Siemens Energy unveiled sweeping changes at its struggling wind division on Wednesday, including job cuts and a new CEO, tightening its grip on a loss-making business as the provider of power equipment emerges from its biggest crisis to date. The announcement, which was flanked by a raised full-year outlook and a fourfold increase... Continue Reading →
(PN) Yinson announced that the FPSO Maria Quitéria departed the Cosco Shipping Heavy Industry shipyard, in China, heading to Brazil. The vessel is expected to arrive in the country during the second quarter of 2024 and will be installed in the Jubarte field, in the northern part of the Campos Basin. The FPSO will be... Continue Reading →
(OE) Compagnie Maritime Monegasque (CMM) has secured $94 million in financing from Summit Ridge Capital Partners, which will help the company construct pioneering ethanol-powered fleet of Platform Supply Vessels (PSVs) in Brazil. The financing will enable CMM to recompose its shareholder structure and to expand its fleet, the company said. Panorama Capital Partners sourced and... Continue Reading →
(Bloomberg) -- Petrobras’ shift away from oil-field divestment is motivating a pivot by Brazil’s junior drillers to corporate acquisitions as the most-viable expansion strategy. The independent Brazilian crude producers that grew the most from buying Petrobras’ fields — PRIO SA, 3R Petroleum Oleo e Gas SA, Enauta Participacoes SA and PetroReconcavo SA — are all... Continue Reading →
(OE) Classification society DNV said it is set to publish its new set of rules and standards for the offshore industry. The new rules, which cover several segments, including underwater systems and installations, offshore units, diving systems, structural design, and drilling systems, will be published in July and enter into force on January 1, 2025.... Continue Reading →
Brazil Energy Insight 