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Malaysia’s shipping giant MISC Berhad (MISC), an owner and operator of offshore floating and energy-related maritime solutions and services, has unveiled – what it deems to be – the world’s first future-ready newbuild floating production storage and offloading (NBFPSO) vessel at the Offshore Technology Conference (OTC) in Houston. MISC reported on Tuesday, 2 May 2023,... Continue Reading →
(OM) Brazil has all the ingredients in place to lead the world in terms of low-emission/high-profit oil and gas production, according to Carlos Travassos, chief engineering, technology and innovation officer at Petrobras. He spoke at the Offshore Technology Conference (OTC) yesterday on the panel “Brazilian Energy Outlook: Strengthening the Offshore Activities.” Travassos cited the company’s... Continue Reading →
(U) Floating production, storage and offloading vessels have been the offshore development solution of choice for some time, a trend set to continue over the next several years. A recent Rytsad Energy report forecast that from this year to 2030, 48 FPSOs will be awarded for greenfield developments, along with dozens of life-extension projects and... Continue Reading →
(U) Brazilian oil giant Petrobras is preparing a pilot project for the capture and storage of industrial carbon dioxide emissions and is looking to build partnerships for a first full-scale CCS hub for the country. While international peers such as ExxonMobil, Chevron, BP and Equinor are already working toward industrial CCS projects in the US... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the releases disclosed on 03/31/2023 , 03/14/2023 and 04/13/2023, informs that it obtained, last Friday, 04/28/2023, authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to resume production from 6 more facilities located in the fields of Taquipe, Buracica, Fazenda Alvorada, Rio do Bu,... Continue Reading →
Theodor Sørlie, Contributor (OE) As the world continues to scramble for renewable energy, floating offshore wind has emerged as a key capacity enabler in the coming decades. With no major commercial scale projects currently in operations, the segment is largely based on governments and developers ambitious project plans for the future. Nonetheless, this market segment can... Continue Reading →
Philip Lewis, Contributor (OE) Tens of gigawatts of floating wind projects are slated for development in this and the next decade, but many obstacles remain. There has been much focus on the emerging floating wind market of late. The U.K. is forging ahead with commercial scale floating wind developments through the Scotwind and INTOG awards of... Continue Reading →
TechnipFMC announced Tuesday it has been awarded a contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited to supply the subsea production system for the Uaru project offshore Guyana. The award covers 44 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment. TechnipFMC said it will provide... Continue Reading →
(QC) Offshore drilling company Valaris Limited (NYSE: VAL) has announced strong first quarter results for 2023, with new contracts and extensions announced worth approximately $820 million. Among the new contracts is a three-year offshore drilling project in Brazil, which will involve reactivating the VALARIS DS-8 drillship. CEO Anton Dibowitz expressed optimism for the company’s outlook. “We continue to be... Continue Reading →
Brazil has all the favorable conditions to lead the global development of offshore wind energy. To get an idea, the country's estimated generation potential is 700 GW in offshore locations with depths of up to 50 meters - a volume that corresponds to more than 30 times the installed generation capacity in the world today... Continue Reading →
Brazil Energy Insight 