December 2nd, 20190Australian CNG project firm Global Energy Ventures (GEV) has commenced a CNG commercialisation study of an offshore in-development oil field in the Brazilian pre-salt region. The field selected is in the Santos Basin, around 200km off Rio de Janeiro, and first oil and gas production is expected in 2020 via an FPSO vessel. The study...
November 20th, 20190Brazil’s Petrobras is on course to become the world’s largest oil producer among publicly listed companies by 2030, based on Rystad Energy’s latest data and forecasts. After a tough few years embroiled in a huge corruption scandal, Petrobras is now the world’s fastest growing oil producer and Rystad analysis suggests it will need...
November 12th, 20192Four Japanese conglomerates are proceeding with a deepwater FPSO charter project off Brazil. MODEC, Mitsui & Co, Mitsui OSK Lines (MOL) and Marubeni Corporation will invest in a long-term charter in an FPSO for use in Petrobras’s Búzios field off the coast of Brazil. Mitsui, MOL and Marubeni will invest in Buzios5 MV32, a Dutch...
November 4th, 20190Greece’s Delta Tankers is denying one of its suezmaxes is responsible for one of the worst oil spills in Brazilian history. On Friday Brazilian authorities said that the , a ship carrying Venezuelan crude to Asia in July, was the culprit for a huge volume of oil washing up on hundreds of kilometres of local coastline. "There is...
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...
