Brought to you by Quest Offshore & Southern Cone Consultants
(OE) Singapore’s Offshore Frontier Solution – a joint venture between MODEC and Toyo Engineering Corporation – has awarded ABB a contract to deliver a complete electrical system and associated digital solutions for Errea Wittu floating production storage and offloading (FPSO) unit. Errea Wittu FPSO will be operated approximately 200 kilometers off the coast of Guyana... Continue Reading →
(TN) Elysian Brasil Exploração e Produção de Petróleo e Gás Natural Ltda., ("Elysian Petroleum"), announces that, on January 17, 2024, it was duly qualified by the National Agency for Petroleum, Natural Gas and Biofuels ("ANP") as Operator "C" (onshore), in accordance with the Tender Notice for the 4th Cycle of the Permanent Offer This means... Continue Reading →
The U.S. Department of Energy's (DOE) Water Power Technologies Office (WPTO) and Wind Energy Technologies Office (WETO) have released a $14.5 million funding opportunity to support foundational research at higher education institutions related to marine renewable energies. The call is aimed at domestic institutions of higher education, including minority-serving institutions, as part of an effort... Continue Reading →
(epbr) The British oil company bp signed a Memorandum of Understanding (MoU) with the government of Ceará to study the construction of a production plant for green hydrogen and derivatives, such as green ammonia, in the Industrial and Port Complex do Pecém (CIPP). This is the 36th memorandum signed between the state government and national... Continue Reading →
(BJ) A relevant shareholder of 3R Petroleum is proposing a carveout of the company's onshore oil fields and the incorporation of these assets by PetroReconcavo, in a transaction that shows the struggle of junior oils for scale, sources familiar with the matter told Brazil Journal. The rationale for the transaction is already known to the... Continue Reading →
FutureOn, a Norwegian software company specializing in the energy sector, has joined forces with Rystad Energy to launch a digital tool that integrates up-to-date cost estimation with live project data for energy developments, opening doors to accelerated project delivery and efficiency for companies across the energy supply chain. According to FutureOn, its FieldTwin and Rystad... Continue Reading →
(Reuters) - Brazilian state-run oil firm Petrobras (PETR4.SA), opens new tab said on Wednesday that it plans to finish expansion works on Train One of its Abreu e Lima (RNEST) refinery in the first quarter of 2025, nearly a decade after the expansion was halted due to a massive corruption scandal. Work at the second train of... Continue Reading →
(F&A) Oceânica Engenharia, which provides services to the maritime industry, has formed a syndicate with six banks to begin the process of going public on the stock exchange, in an offering that would be for primary and secondary distribution. To be the coordinators of the offer, the company engaged BTG Pactual, Itaú BBA, UBS BB,... Continue Reading →
(OE) Offshore drilling contractor Stena Drilling has taken delivery of its 7th generation Stena Evolution ultra-deepwater drillship from Samsung Heavy Industries. After a decade in the making, Stena Evolution drillship has finally been completed and is ready for its first job. The technologically advanced drillship is capable of operating at water depths of up to... Continue Reading →
(OM) A major capex shift from North America to international markets has been ongoing since early 2023, according to Evercore ISI’s latest Offshore Rig Market Snapshot. This trend has been concurrent with low natural gas prices in the US, which has prompted a number of rigs to out into international markets. Combined with attractive offshore... Continue Reading →
Brazil Energy Insight 