Brazilian oil and gas giant Petrobras has on behalf of the Libra consortium, hired Ocyan's deepwater drillship Norbe VIII to drill at the Mero field, off Brazil.The contract is for a period of 425 days and is expected to start in July 2021,…
Offshore drilling contractor Transocean has secured contract extensions for two of its 2011-built drillships with Brazil's national oil company Petrobras.Transocean said Wednesday that Petrobras had exercised a 680-day option for the Deepwater Corcovado drillship…
PJ Valves (PJV) has won contracts to supply valves packages for two Brazil-bound FPSOs, the Marlim 2 and Mero 2.The Marlim 2 FPSO will be delivered to Petrobras by Malaysia's Yinson, under the contract signed in March. The FPSO will have the capacity to process up to 70…
Brazilian oil company Petrobras, the operator of the Libra consortium, has made the investment decision for the third phase of the Mero project, located deep offshore, 180 kilometers off the coast of Rio de Janeiro, in the prolific pre-salt area of the Santos Basin…
Brazilian oil company Petrobras has signed a letter of intent with Malaysia's MISC Berhad for the chartering and services of an FPSO to be deployed at the Mero 3 development offshore Brazil.The FPSO to be named Marechal Duque de Caxias will be installed in the Mero field…
Norwegian offshore vessel owner DOF has won a contract with the Petrobras-led Libra consortium to provide a multi-purpose support vessel for work at the Mero offshore oil field in Brazil.The Libra Consortium is led by Petrobras - with a 40% interest - in partnership with Shell Brasil (20%)…
A new study by Westwood Global Energy Group shows that 11 billion barrels of oil and 36 billion barrels of oil equivalent (boe) gas in 119 discoveries >100 million boe in size made between 2008 and 2016 is currently stalled with no progression towards development…
Offshore geotechnical services company Benthic will be deploying a remotely operated seabed drilling system off Brazil, as part of a contract awarded by the Brazilian national oil company Petrobras.Petrobras has hired Benthic to carry out geotechnical…
Brazilian oil company Petrobras has awarded oilfield services provider TechnipFMC a subsea engineering, procurement, construction and installation (EPCI) scope as part Mero 2 oil field development project offshore Brazil.The Mero 2 project, sanctioned in June 2019…
Oil and gas project sanctions, especially in the offshore segment, are expected to rebound next year compared to the COVID-19 ravaged 2020, and even exceed the pre-pandemic levels from 2022 onwards, energy market analysts from Rystad Energy have said…
Brazilian oil company Petrobras has started negotiations with the Dutch FPSO supplier SBM Offshore over a potential charter of an FPSO to be installed at the giant Buzios field in the Santos Basin, offshore Brazil.The FPSO, to be named Almirante Tamandaré…
Dutch FPSO supplier SBM Offshore has closed a US$600 million bridge loan facility for the financing of the construction of FPSO Sepetiba (formerly known as Mero 2) destined for deployment in Brazil with Petrobras.SBM Offshore said the loan was…
Energy industry analysts seem to agree that the future is bright, or at least brighter, when it comes to the contracting activity for the floating production systems, from 2021 onwards after COVID-19 and low oil prices hit the market in 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…
Sandvik reports it has won the first large-scale stainless steel umbilical tube order in Brazil’s pre-salt Mero oilfield.Mero is an expansive pre-salt oilfield in the Santos Basin offshore Rio de Janeiro with immense oil production potential…
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