October 18th, 20190China's largest steel producer Baowu Steel Group has signed a series of strategic agreements with Brazilian miner Vale to explore partnerships in various areas. Under the agreements, Baowu and Vale will cooperate in steelmaking, base metals, technology research and development, as well as logistics and supply chain to effectively...
October 17th, 20190Japan’s MODEC has received a letter of intent from Petrobras for the supply, charter, and operations of an FPSO vessel for the Marlim revitalization project in the Campos Basin north of Rio. The contract is for a period of 25 years, and MODEC's 16th project in Brazil as well as its sixth in the Campos Basin. MODEC is responsible for...
October 10th, 20190Maersk Supply Service has been awarded a contract by Shell to provide an integrated mooring lines life extension solution for FPSO Fluminense. The scope includes project management, engineering, interface management and offshore execution off the coast of Rio de Janeiro. Olivier Trouve, head of integrated solutions at Maersk Supply...
October 7th, 20190Singapore’s Keppel Offshore & Marine says it has entered into a settlement agreement with Sete Brasil in relation to contracts for the construction of six semi-submersible drilling rigs. As part of the settlement, Keppel subsidiary Fernvale will take over ownership of four uncompleted rigs and the contracts will be deemed to be...
September 12th, 20190Norwegian offshore vessel owning giant Solstad Offshore has announced that Brazil’s Petrobras has declared options to extend the contracts of anchor handling tug supply vessels Far Scout and Far Santana. The extensions are for one year, taking the contracts through to the third quarter of 2020. Both vessels are supporting...
August 27th, 20190Cracks have been found on the hull of Modec’s troubled off Brazil. All crew have been evacuated from the vessel, out of use for the last year. The FPSO, on charter to Petrobras, was due to be moved from the Campos Basin soon. Overhead flights have identified a spill of around a ton of oil residues. On January 2 this year another...
August 19th, 20190BW Offshore has announced that The Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) has granted the company's status as an operator in Brazil and approved its deal with Chevron and Petrobras to acquire the Maromba field. The deal was first announced in March, and the government approvals satisfy the main...
August 14th, 20191Norwegian OSV giant Solstad Offshore has been awarded a contract by Total E&P do Brasil for the charter of a platform supply vessel for a period of 13 months. The vessel will support Total’s activities in the Napa Field, and Total has two six-month options to extend the contract. Solstad will use AHTS for the contract until a...
August 14th, 20190The global market for floating production, storage and offloading vessels (FPSOs) is headed for a major renaissance with as many as 24 FPSO awards expected by 2020, driven to a great degree by Brazil, a new report from Oslo-based Rystad Energy claims. South America has 12 sanctioned FPSO projects planned by the end of next year,...
August 8th, 20190James Fisher and Sons has acquired a 60% stake in Continental Participação E Administração, the holding company of Brazilian subsea specialist Serviços Marítimos Continental. Continental is an air diving service provider to the offshore sector in Brazil, providing inspection, repair and maintenance services. James Fisher is...
