FPSO Archives - Page 2 of 4 - Energy Analytics Institute (EAI)

Sangomar FPSO Sets Sail for Senegal

(Woodside, 27.Dec.2023) — Woodside Energy has achieved another significant step forward for the Sangomar Project with the sail away from Singapore of the Léopold Sédar Senghor […]

Suncor Energy Restarts Production at Terra Nova

(Suncor, 27.Nov.2023) — Suncor Energy (TSX: SU) (NYSE: SU) announced that the Terra Nova Floating, Production, Storage and Offloading vessel has safely restarted following the […]

FPSO Prosperity Producing and On Hire

(SBM Offshore, 14.Nov.2023) — SBM Offshore announce that FPSO Prosperity has produced first oil as of 14 Nov. 2023 and is formally on hire. The FPSO Prosperity utilizes a […]

Petrobras Reports 3Q:23 Financials [PDF Downloads]

(Petrobras, 9.Nov.2023) — Petrobras reported on its main financial achievements in the third quarter 2023. Highlights: Solid recurring EBITDA of US$13.7bn Gross debt under control […]

FPSO Liza Unity Purchase by ExxonMobil Completed

(SBM, 9.Nov.2023) — SBM Offshore and ExxonMobil Guyana Limited, an affiliate of ExxonMobil Corporation, have completed the transaction related to the purchase of FPSO Liza Unity, […]

Rosebank Field to Progress in the UK [Video]

(Equinor, 27.Sep.2023) — Equinor and Ithaca Energy have taken the final investment decision to progress Phase 1 of the Rosebank development on the UK Continental […]

IKM Testing UK Inks Project for Methane Emissions Qualification (MEQ)

(IKM Testing, 23.May.2023) — Independent integrated solutions provider IKM Testing UK has secured a second contract with Bumi Armada to deliver a drone-based methane emissions […]

SBM Offshore Inks Deal for its Guyana FPSO Fleet

(SBM, 2.May.2023) — SBM Offshore has signed a 10-year Operations and Maintenance Enabling Agreement with Esso Exploration & Production Guyana Ltd (aka “ExxonMobil Guyana”) for […]

Petrobras: Highlights on 4Q:22 Production, Sales [PDF Download]

(Petrobras, 8.Feb.2023) — Petrobras commented on its production and sales in 4Q;22 and 2022. “In 2022, we delivered an excellent operational performance, meeting all production […]

FPSO Brazil Congress 2022 Returns in November!

(FPSO Network c/o Energy Analytics Institute, 31.Aug.2022) — Energy Analytics Institute (EAI) is proud to be a supporting partner for the upcoming FPSO Brazil Congress 2022. […]

NRGBriefs: FPSO Brazil Congress 2022 in Rio de Janeiro

(Energy Analytics Institute, 25.Jul.2022) — Energy briefs including the government of the Brazilian state of Ceara teaming up with Enel Green Power Brasil to study […]

NRGBriefs: Pemex Assumes Operation of YÙUM K’AK’NÁAB FPSO

(Energy Analytics Institute, 24.Jul.2022) — Energy briefs including BW Offshore Limited saying Mexico’s state-owned Pemex has assumed ownership and operation of the FPSO YÙUM K’AK’NÁAB. […]

SBM Offshore Awarded Contracts for ExxonMobil FPSO ONE GUYANA

(SBM, 5.Apr.2022) — SBM Offshore announced that Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of Exxon Mobil Corporation, has confirmed the award of […]

Brazil Imports First Cargo of Guyanese Crude -Source

(Reuters, 3.Feb.2022) — An independent refiner has imported the first cargo of Guyanese crude oil into Brazil, according to tanker tracking data and a person […]

CCUS and Upstream Production in Brazil

(IHS Markit, 9.Dec.2021) — The following provides a brief overview of selected reports in the Upstream Costs and Technology, Latin America Costs and Technology Supply […]

Hess Updates On Guyana Activities

(Hess, 27.Oct.2021) — At the Stabroek Block (Hess – 30%), the corporation’s net production from the Liza Field was 32,000 bopd in the third quarter […]

Exxon To Change Compressor Manufacturer On Liza Unity, Prosperity

(DPI, 3.May.2021) — Minister of Natural Resources, Hon. Vickram Bharrat said ExxonMobil’s local subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), will switch the manufacturer […]

Exxon Highlights Deepwater Ops In Guyana And Brazil

(Energy Analytics Institute, 30.Apr.2021) — ExxonMobil’s deepwater projects offshore Guyana and Brazil generate returns over 10% with an oil price below $35 per barrel, the […]

Hess Finds Oil At Uaru-2, Offshore Guyana

(Hess, 27.Apr.2021) — Hess Corporation (NYSE: HES) today announced another oil discovery offshore Guyana at the Uaru-2 well on the Stabroek Block, which will add […]

ExxonMobil Finds Oil At Uaru-2 Offshore Guyana

(ExxonMobil, 27.Apr.2021) — ExxonMobil made an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana. Uaru-2 will add to the previously announced […]

Guyana Eyes Moves To Offset Oil Cuts

(Argus, 16.Apr.2021) — Guyana is considering unspecified economic measures to cushion the impact of repeated production cuts from US major ExxonMobil’s deepwater Stabroek block, the […]

SBM Offshore Awarded LOI For Almirante Tamandaré

(SBM Offshore, 25.Feb.2021) — SBM Offshore signed a Letter of Intent (LOI) together with Petróleo Brasileiro S.A. (Petrobras) for a 26.25 years lease and operate […]

Petrobras Inks LOI 6th FPSO For Búzios Field

(Petrobras, 24.Feb.2021) — Petrobras today signed a letter of intent with SBM Offshore for the chartering and provision of services for the FPSO – floating […]

Guyana Cautious On 2021 Oil Output, Price

(Argus, 15.Feb.2021) — Guyana forecasts average crude production of 109,000 b/d in 2021, 46.7pc above last year but short of initial expectations because of a […]

Hess Updates On Ops In The US, Guyana And Malaysia

(Hess, 27.Jan.2021) — Hess Corporation provided operational highlights from the fourth quarter of 2020 and its operations in the US Bakken, the US Gulf of […]

Exxon’s Hassa-1 Doesn’t Finds Hydrocarbons

(Energy Analytics Institute, 15.Jan.2021) — Texas-based ExxonMobil announced results of the Hassa-1 exploration well offshore Guyana in the Stabroek Block didn’t find hydrocarbons in the […]

SBM Offshore Extends Lease For FPSO Espirito Santo

(SBM Offshore N.V., 23.Dec.2020) — SBM Offshore reports a contractual lease extension for FPSO Espirito Santo in Brazil and expects a potential increase in the […]

ExxonMobil Hits Guyana Oil Output Goal

(Argus, 21.Dec.2020) — ExxonMobil reached targeted crude production of 120,000 b/d at the Liza 1 well on Guyana’s deepwater Stabroek block, a milestone that had […]

PetroRio Reveals Long-Term Financing With Prisma

(PetroRio, 21.Dec.2020) — PetroRio S.A., in accordance with best corporate governance practices and transparency, and in order to maintain informational equity in view of the […]

Gov’t Worked With Exxon For Maximum Production

(DPI, 20.Dec.2020) — The government of Guyana says it welcomes the announcement by US oil and gas company ExxonMobil that it has reached maximum production […]

Equinor Awards Bacalhau Drilling Contracts

(Equinor, 10.Nov.2020) — Equinor has, on behalf of the partners ExxonMobil and Petrogal Brasil, awarded Baker Hughes, Halliburton and Schlumberger contracts for drilling and well […]

McDermott On 2nd Shipment Of MODEC FPSO Modules

(McDermott, 5.Nov.2020) — McDermott International, Ltd announced the second shipment of topside modules for a floating production storage and offloading (FPSO) unit for MODEC, Inc. […]

Petrobras Delays Bidding For Parque Das Baleias FPSO

(Energy Analytics Institute, 16.Oct.2020) — Rio de Janeiro-based Petróleo Brasileiro SA or Petrobras, announced it has postponed the Integrated Project of Parque das Baleias by […]

Karoon Provides Update On Baúna Acquisition

(Karoon Energy, 5.Oct.2020) — Karoon Energy Ltd provided the market with the following update on the status of the Baúna asset acquisition: — Remaining Conditions […]

ExxonMobil To Proceed With Payara Development

(Exxon, 30.Sep.2020) — ExxonMobil made its final investment decision to proceed with the Payara field offshore development in Guyana after receiving government approvals. Payara is […]

Hess Sanctions Payara Development

(Hess, 30.Sep.2020) — Hess made a final investment decision to proceed with development of the Payara Field offshore Guyana after the development plan received approval […]

Petrobras Cuts E&P CAPEX To $40-$50bn From $64bn

(Petrobras, 14.Sep.2020) — Petrobras reports on the revision of the Exploration & Production (E&P) segment portfolio in face of the crisis caused by COVID-19. The […]

TechnipFMC Wins Subsea EPCI For Mero 2 Project

(TechnipFMC, 20.Aug.2020) — TechnipFMC has been awarded a large(1) contract for Engineering, Procurement, Construction and Installation (EPCI) through a competitive contracting process, by Petrobras, the […]

Total Launches Mero Field 3 FPSO Development

(Total, 17.Aug.2020) — Total and its partners have taken the investment decision for the third phase of the Mero project (Libra block), located deep offshore, […]

Payara Approval Will Not Be Rushed: Bharrat Says

(Kaieteur News, 14.Aug.2020) — Even though the PPP/C government may be desirous of granting the approval for ExxonMobil’s third development project within a reasonable timeframe, […]

Petrobras Inks Charter Deal For Mero 3 FPSO

(Petrobras, 14.Aug.2020) — Petrobras signed a letter of intent with the company MISC Berhad for the chartering and services for FPSO (floating production storage and […]

Agbami Key Sticking Point In OPEC+ Compliance

(Argus, 11.Aug.2020) — Nigeria’s full compliance to the OPEC+ deal hangs on a key oil grade being treated as a condensate. Since OPEC+ allowed ultra-light […]

Petrobras Begins Contracting For 3 Búzios Field FPSOs

(Petrobras, 24.Jul.2020) — Petrobras’ Executive Board approved the beginning of the contracting processes for three new Floating Production Storage and Offloading (FPSOs) platforms for the […]

Petrobras To Open Tender For Brazil’s Biggest Platform

(Reuters, 8.Jul.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, […]

19 Companies Short Listed To Market Guyana’s Oil

(Stabroek News, 26.Jun.2020) — The Ministry of the Presidency this morning said that nineteen companies have been shortlisted for the marketing of Guyana’s oil from […]

Total Reports Ramp-Up On Iara With Second FPSO

(Total, 25.Jun.2020) — Total and its partners announce the start-up of the Floating Production Storage and Offloading (FPSO) P-70 of the Iara cluster (Block BM-S-11A), […]

Exxon Oil Output Falls On Gas Compressor Problem

(Stabroek News, 7.Jun.2020) — Production at Exxon-Mobil’s Liza-1 project in the Stabroek Block, offshore Guyana, has plummeted from 80,000 barrels per day (bpd) to now […]

New Petro-state Guyana Lifts Second Oil Cargo

(Stabroek News, 23.May.2020) — Guyana has lifted its second one-million barrel cargo of crude oil entitlement from ongoing offshore production and the oil tanker Sonangol […]

Statement From Guyana’s DOE Director Mark Bynoe

(DOE, 4.May.2020) — Good morning ladies and gentlemen I am coming to you at a very interesting time in our country’s history given the furore […]

Petrobras Starts Papa-Terra Binding Phase

(Petrobras, 17.Apr.2020) — Petrobras, following up on the press release disclosed on 3 February 2020, announces that it has started the binding phase referring to […]