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Norwegian state-owned oil and gas giant Equinor has disclosed video footage, showing a floating production storage and offloading (FPSO) vessel, which will work on its field offshore Brazil, leaving a Chinese shipyard, following 32 months of work. Equinor’s video shows the FPSO Bacalhau hull leaving the Dalian Shipbuilding (DSIC) shipyard in China. This comes over a month after... Continue Reading →
(Reuters) Mexico's state oil company Petroleos Mexicanos will see its crude output reduced by some 100,000 barrels per day (bpd) until the beginning of August after a massive fire on Friday at an offshore platform, a top company source said. The reduced production implies that, in total, Pemex will lose at least 2 million barrels of... Continue Reading →
Vast Infraestrutura (formerly Açu Petróleo) achieved an important contract renewal with Petrobras. The new agreement will last for three years and provides for the provision of oil transshipment services at Porto do Açu. This is the second contract renewal between Petrobras and Vast, which started the partnership in March 2019. “This achievement represents not only... Continue Reading →
(OET) Newly formed upstream energy investment platform Samos Energy has completed its first acquisition by getting its hands on all shares of PetroFirst, a floating energy infrastructure owner, from funds managed by BlackRock Infrastructure and from Petrofac Limited. According to Samos Energy, this acquisition enables it to take over PetroFirst’s fleet of three offshore production... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it requested access to Braskem's virtual data room, on today's date, thus starting the due diligence process, according to the rules provided for in the Braskem Shareholders Agreement signed between Petrobras and Novonor S.A., for the possible exercise of tag along or preemptive rights, in the event of... Continue Reading →
Seaway7 has completed the full engineering, procurement, construction, and installation (EPCI) cables scope on the Seagreen wind farm offshore Scotland, a joint venture project between SSE Renewables and TotalEnergies. The inter-array cable team completed the termination and testing last weekend and the trenching was completed yesterday, said Seaway7. This follows less than six weeks after the final... Continue Reading →
Australia’s oil and gas company Karoon Energy has updated its contingent resource estimates for a field offshore Brazil. This is expected to facilitate the technical and commercial feasibility studies for a potential development, which are currently underway. Karoon added the Neon oil discovery option in May 2022 to the rig it hired in April 2021. Following the Patola completion activities, the Maersk Developer rig,... Continue Reading →
(Reuters) Danish green investment company Copenhagen Infrastructure Partners (CIP) has raised 5.6 billion euros ($6.13 billion) for its latest fund and expects to meet its full 12 bln euro target amid undiminished global investor appetite, it said on Monday. The investors necessary to meet the overall target for its fifth flagship fund - Copenhagen Infrastructure... Continue Reading →
Brazilian state-owned oil and gas giant Petrobras has concluded the auction for the disposal of a floating offshore platform, as part of its new commitment to sustainable ship recycling. This is believed to be the first recycling project of this sort to be undertaken in Brazil.Petrobras sold the P-32 floating unit, which worked at the Marlim field in the Campos... Continue Reading →
Oil and gas companies are set to spend $58 billion on well intervention – a way to extract additional resources from an existing well instead of drilling a new one – in 2023, the Norwegian energy intelligence group Rystad Energy said. Rystad Energy said its modeling showed this is just the start of a surge... Continue Reading →
Brazil Energy Insight 