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(ON) Brazil was able to cop a total of US$12.882 billion in signing bonuses from 15 block awards in its pre-salt area since the state-owned Petrobras made the first discovery back in 2006. This is according to the recent Economic Commission for Latin America and the Caribbean (ECLAC) report. The pre-salt is a sequence of... Continue Reading →
Chevron’s newest mini ROVs for subsea inspections are the result of a partnership with tech company BeyonC to use ROVs that combine a vehicle made by JM Robotics with FiGS sensor technology made by FORCE Technology. Chevron says the mini ROV-based inspections allow the company to get a thorough and accurate assessment of its assets... Continue Reading →
(Reuters) - Chinese oil refineries, led by heavyweight Sinopec (600028.SS), are set to boost Brazilian crude imports in the third quarter to replace some of the Saudi Arabian supply it cut after the kingdom hiked prices, industry sources said. China, the world's top crude importer, has booked nearly 1 million barrels per day of Brazilian crude... Continue Reading →
(OET) Fugro’s survey vessel Fugro Brasilis has arrived at the Port of Willemstad in Curaçao ahead of offshore surveys the company will perform as the Curaçao government is working on identifying areas for floating wind development. The work, scheduled to start today (17 July) and take place until 29 July, follows a memorandum of understanding... Continue Reading →
(OE) Oil company Tullow said Monday that production from its Jubilee oil field offshore Ghana had surpassed 100,000 barrels of oil per day, following the recent start-up of the Jubilee South East (JSE) Project. "Gross production from the field has surpassed 100,000 bopd, after a second JSE production well was brought onstream. Both of the... Continue Reading →
(Reuters) Japan's Toshiba plans to establish a domestic supply chain for offshore wind power equipment together with U.S. manufacturer General Electric, Nikkei reported on Saturday, as Japan is expanding in renewable energy in a zero-carbon push. Japan's offshore wind power market is set to grow as the government aims to install up to 10 gigawatts... Continue Reading →
(OE) Plans for floating wind farm development off the coast of Wales and South West England are progressing as the first specialist survey vessel embarks on a 100-day mission from Swansea. With a crew of 30, the vessel will use towed and hull-mounted sensors to gather geophysical data on the properties of the seabed and... Continue Reading →
Norwegian offshore support vessel operator Havila Shipping has secured a bareboat charter extension for its Havila Harmony vessel. Brazil's offshore service firm OceanPact has declared the option for one-year extension of the bareboat agreement on the Havila Harmony, currently sailing under the name Parcel Dos Meros. The agreement will keeps the vessel on contract until... Continue Reading →
Brazilian oil company Enauta said Friday it had received a letter from the Malaysian FPSO company Yinson, notifying the exercise of an option to acquire FPSO Atlanta, through the purchase of all the shares of AFPS B.V., the platform owner company. Enauta normally produces oil from the Atlanta field offshore Brazil using the early production... Continue Reading →
Shell is reportedly exploring options for its global renewable power operations, including a potential stake sale to outside investors. Bloomberg cited people with knowledge of the matter as saying that the oil giant is working with advisers to study a range of possibilities that could also include separating the business into a more independent unit. It was... Continue Reading →
Brazil Energy Insight 