Buzios News

Rystad: FPSO Contract Awards to Rebound in 2021 after Poor 2020

Jul 08, 2020

Norway-based energy intelligence firm Rystad Energy said Tuesday it didn't expect any new FPSO orders this year, however, it expects the situation will improve next year when it foresees seven new FPSO to be ordered.'Hit by the second industry downturn in five years…

Petrobras to Launch Tender for Brazil's Biggest Ever FPSO

Jul 08, 2020

Petrobras is preparing to launch a tender to build Brazil's largest-ever oil platform, according to two people with knowledge of the matter, as the state-controlled oil firm pushes ahead with ambitious plans to boost deepwater production.Petroleo Brasileiro SA…

Saipem to Install Subsea Equipment at Petrobras' Buzios Field

Jul 06, 2020

Italian oilfield services company Saipem has been awarded a $325 million contract by Petrobras for the installation of a rigid riser-based subsea system to serve the Búzios pre-salt project.The Búzios-5 overall production system foresees the interconnection of 15 wells to the FPSO in two phases…

Buzios Oil Field Achieves Daily Production Record

Jun 29, 2020

Brazil's Petrobras said that its platforms P-74, P-75, P-76 and P-77 located in the deepwater Buzios oil field, the largest in the world, achieved record production levels on June 27, totaling 664,000 bpd and 822,000 boed.The oil company said it sold 764…

Petrobras Sees No Need to Cut Oil Production

May 15, 2020

Brazil's state-run Petrobras sees no need for cuts in oil production, executives say, as the market for its crude remains robust in China, while domestic demand for fuel picks up amid social distancing fatigue in Latin America's largest economy…

FPSOs: The New Business Model

Feb 29, 2020

As New Year 2020 unfolds, there are 21 floating production, storage and offloading units (FPSO) on order, and unlike a year ago, these — and not floating liquefied natural gas (FLNG) — are the unheralded story. Driven by a decent price for oil…

Veolia's Seawater System for MODEC FPSO

Jan 31, 2020

Japanese FPSO giant MODEC has ordered a seawater treatment package for the FPSO Almirante Barroso from Veolia Water Technologies.Under the contract, Veolia will be responsible for the design and procurement of equipment with construction for a seawater treatment plant sizedfor 280…

Petrobras on Track to Become World's Top Producer

Nov 20, 2019

Brazil’s Petrobras is on track to become the world’s largest oil producer among publicly listed companies by 2030, based on Rystad Energy’s latest data and forecasts.Brazil’s biggest-ever oil auctions in November were generally deemed to be disappointing…

P-68 FPSO Starts Production

Nov 15, 2019

The Petrobras-operated P-68 floting production, storage and offloading unit (FPSO) has begun producing oil and natural gas from the Berbigão field, in the Santos Basin pre-salt, in the deep waters offshore Bazil.P-68 is the fourth unit to come into operation for Petrobras in 2019…

Shell Eyes Brazil Exploration Areas

Nov 08, 2019

The head of Royal Dutch Shell Plc in Brazil said on Friday that it currently made more sense for the company to look for exploration areas.Speaking after Brazil's disappointing oil auctions this week, which Shell chose to sit out, Andre Araujo said the Buzios block…

Petrobras Has No Interest in Farming out Buzios

Nov 08, 2019

Brazil's state-run oil firm Petrobras, which dominated this week's disappointing offshore oil auctions, has no interest in farming out its Buzios block to be operated by another firm, its head of exploration and production said on Friday.Major…

Seabed Geosolutions Completes 4th OBN Survey

Nov 06, 2019

Seabed Geosolutions, a joint venture between Fugro and CGG, has completed the world’s largest deepwater proprietary 3D ocean bottom node (OBN) survey in the Santos Basin, offshore Brazil.The survey, started in late 2018, covered the Buzios field…

Huge Brazil Oil Round Disappoints

Nov 06, 2019

A huge Brazilian oil auction, dubbed one of the largest ever, frustrated expectations on Wednesday, as high prices and tepid demand turned the widely awaited tender into an embarrassing miscalculation for the cash-strapped government.Brazil's…

Moment of Truth for Brazilian Oil Auction is Here

Nov 06, 2019

Executives from many of the world's biggest oil companies gathered in Rio de Janeiro on Wednesday to compete in Brazil's long-awaited transfer-of-rights (TOR) oil bidding round, the largest offer of crude and gas reserves in the nation's history…

Seabed Geosolutions to Perform Santos Basin Survey

Oct 21, 2019

Seabed Geosolutions has secured a letter of award to provide a 3D ocean bottom node (OBN) survey in 2,000 m of water in the Santos Basin, offshore Brazil.The 410-square-kilometer survey, which has a contract value of more than $50 million, will…

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