One Energy News

Tag: WSB

  • Opinion: Petrobras Payment Promisse

    Opinion: Petrobras Payment Promisse

    Renowned as one of the most reliable contracting companies for payment timeliness, Petrobras has announced a strategic update to its payment policies. Under the new plan, the company will settle invoices for maintenance and administrative support within 30 days.

    Alexandre Vilela, CEO of Westhon commented: “Petrobras is reinforcing its commitment to the business community by ensuring prompt payments. This initiative not only secures Petrobras’s position as a leader in the sector but also attracts more suppliers and prompts competitive pricing. This comes at a critical time when many other companies continue to exert pressure on suppliers by extending payment terms to 90 days or more.”

    This announcement is part of a broader initiative by Petrobras to modernize its sourcing processes, incorporating new tools and more flexible rules for supplier approval.

  • Petrobras announces bids for 10 OSRVs and 11 additional PSVs

    Petrobras announces bids for 10 OSRVs and 11 additional PSVs

    At the IBP Summit on naval construction, Petrobras CEO Jean-Paul Prates announced that the oil giant plans to issue a bid for 10 Oil Spill Recovery Vessels (OSRVs) by the end of this year. Additionally, a future bid for 11 Platform Supply Vessels (PSVs) is planned, though the date has yet to be determined. This announcement comes as the company is already in the process of hiring a targeted number of 12 PSVs through an ongoing tender.

  • Petrobras new tenders

    Petrobras new tenders

    After a few months without new bids for chartering OSVs, last week Petrobras opened 2 new bids: one for hiring up to 4 PSVs but in SEP format where proposals and results are not publicly disclosed, and another for hiring up to 3 AHTS-TO. Both bids are for a single lot and have a 4-year contract duration. The last tender for contracting PSVs had been opened at the end of last year and proposals were received in February of this year however, until now, no information has been released about the result nor a forecast of how many vessels will actually be contracted. As for AHTS, the latest bids were for hiring 1x AHTS-TS with results already published, and AHTS-R which closed in November last year but with no final results yet announced

  • Happy hout at Westhon

    Happy hout at Westhon

    Once a month we host a happy hour on the Westhon company’s rooftop – a welcome break after work! And last thursday (11) was no different: a very special moment, with the presence of good companies and an excellent opportunity to socialize, strengthen relationships and expand networking.

    Thank’s for this night!

  • Opinion: Equatorial Margin safe in Petrobras hands

    Opinion: Equatorial Margin safe in Petrobras hands

    Petrobras has announced the discovery of oil accumulation in the ultra-deep waters (2,196m) of the Potiguar Basin, a section of the Equatorial Margin that has stirred controversy. This significant find is situated between the states of Ceará and Rio Grande do Norte in the Northeast of Brazil, marking the second discovery within the Basin this year—the first occurring in January roughly 24 kilometers away. Petrobras, serving as the operator for both concessions, maintains a complete ownership stake in each.

    “Petrobras has extensive experience in drilling almost 3,000 wells in deep and ultra-deep-water settings, with a consistent track record of operations devoid of adverse environmental impacts”; Genesio Ramos, Offshore Projects Lead of WSB Advisors, commented on these developments.

    “This discovery arrives amidst a period of political turbulence within Petrobras accentuated by discussions around the potential change of its president, Jean Paul Prates, albeit Ministers Haddad (Economy) and Silveira (Energy) moderating in favor of Prates. The Potiguar Basin discoveries adds a positive note”; Alexandre Vilela, CEO of WSB.

  • OceanPact signs contract with Petrobras

    OceanPact signs contract with Petrobras

    OceanPact signed a new contract with Petrobras for a period of four years to charter three OSRVs for a total value of R$650 million. The vessels Fernando de Noronha, Jim O’Brien and Macaé will be servicing Petrobras in operations off the Brazilian coast in cases of environmental emergencies.

    It is the second major movement involving the two companies. At the end of 2023, OceanPact had already signed a R$485 million agreement with Petrobras to provide inspections of FPSOs and semi-submersible platforms until 2026.

  • Yinson with notable progress

    Yinson with notable progress

    Yinson Holdings has made notable progress, particularly through its advanced Floating Production Storage and Offloading (FPSO) units. The company has completed FPSO Anna Nery for Petrobras’s Marlim II field and is currently mobilizing FPSO Atlanta for Enauta. A significant milestone was reached with the FPSO Maria Quitéria, which recently had its name-giving ceremony in China. This FPSO is a testament to Yinson’s commitment to environmental sustainability and innovation, destined for the Parque das Baleias – Jubarte field operated by Petrobras.

    FPSO Maria Quitéria stands out for incorporating a unique combination of technological advancements. These include a closed Flare Gas Recovery System (FGRS), co-generation of energy in combined cycle, and an all-electric concept. These features are in line with Yinson’s goal of developing the Zero Emissions FPSO concept, aiming to significantly reduce the environmental impact of offshore production. According to WSB sources, this innovative approach is expected to cut emissions by up to 5 million tons of CO2 throughout FPSO Maria Quiteria’s operational lifecycle.

    Furthermore, Yinson has demonstrated exceptional project management skills by ensuring the FPSO Maria Quitéria is set bound to Brazil by June, advancing its schedule by at least three months. The project cap is estimated between USD 1-1,2 billion.

  • Open tenders update

    Open tenders update

    Enauta PSVs Tender effectively closed for offers last March 26. Enauta AHTSs Tender to close shortly (05/apr). New extensions on Petrobras LWIV and EPDR BSR Congro as in the image. For more information, contact us on comercial@cms.oneenergynews.com

  • MODEC secures FEED for Shell project

    MODEC secures FEED for Shell project

    MODEC secured a contract with Shell for the Front-End Engineering and Design (FEED) of an FPSO for the Gato do Mato block.

    The FPSO will be located in water depths of approximately 2.000 meters, about 250 km off the coast of Brazil. MODEC will also be responsible for designing the hull and all related facilities on the upper part of the FPSO.

    MODEC already delivered 16 FPSOs to Brazil and has another two under construction. The FPSO Gato do Mato will be the second unit delivered directly to Shell by MODEC for operation in Brazil, the other being FPSO Fluminense.

    The FPSO will have a capacity of 90,000 boed and 8.5 million m3 per day of natural gas and able to store 1.6 million barrels of oil.

    The production project foresees 10 wells, four of which are producers, four gas injectors and two seawater injector wells. Shell is the operator of Gato do Mato with a 70% stake in partnership with Ecopetrol (30%).

    “It is important to mention that Shell is still assessing the best solution for the development of Gato do Mato. The Final Investment Decision (FID) is expected to be taken only in 2025. In 2017, the company won the ANP auction and field development plan was scheduled for 2023 however, at the end of 2022 the company decided to postpone the decision”, recalls Omar Darian, Chartering Manager at WSB.

  • Petrobras: Hiring and opportunities for the national industry

    Petrobras: Hiring and opportunities for the national industry

    Petrobras authorized the process of hiring support vessels for exploration and production logistics, with short-term demand: 2025 and 2026.

    The company will also hire new support ships for long-term demands, whose technical specifications will focus on new technological solutions for efficiency and reduction of greenhouse gas emissions.

    Petrobras estimates hiring around 200 ships by 2028, to replace current charters or to increase the current fleet. Of this total, it is estimated that there will be opportunities to build up to 38 new vessels.

    In the first tender, 12 PSV-type support vessels are expected to be contracted. It is also planned to hire cabotage ships, FPSOs, vessels to carry out underwater and well activities, in addition to platform decommissioning activities.

    These opportunities mark the beginning of a series of hirings to meet the company’s Strategic Plan.

    For more information contact: www.cms.oneenergynews.com

  • FMM APPROVES HELP TO BUY FPSO

    FMM APPROVES HELP TO BUY FPSO

    The Merchant Marine Fund (FMM) Board of Directors approved the contribution of BRL 8.56 billion for the construction of two FPSOs: Sergipe Águas Profundas (SEAP) I and Sergipe Águas Profundas II (SEAP II). Both basins are located in the Sergipe-Alagoas Basin (SEAL), approximately 100 km from the coast.

    Last month, we published that Petrobras was facing a hard market to lease FPSOs for SEAL, in view of the increasing costs and the specificities of the GTD for both projects SEAP I and SEAP II.

    Carlos Travassos, Executive Director of Engineering, Technology and Innovation declared two weeks ago that Petrobras has more control over operations with their owned units, but on the other hand, the process is lengthier. Travassos commented on aspects to increase the viability of projects such as the access to the Merchant Marine Fund (FMM), in addition to conversations with private and foreign financial institutions.

    “If we are not successful, we will move on to our own units, operated by Petrobras. The tendency is for an own unit to take more time than a chartered one. There are other challenges, but we would have much more around the process”, said Travassos in a talk with journalists.

    SEAP project should have the capacity to process 120,000 boed each.

    Launched in April 2023, with proposals initially scheduled to be delivered in October, the tender was already postponed three times.

  • FPSO Atlanta on the way

    FPSO Atlanta on the way

    Two important milestones have just been reached on the Atlanta project (Enauta) this month: the flexible risers have embarked on BBC Chartering BBC Greenland with ETA Rio de Janeiro 30th March 2024. These are the last components of the subsea system of the field to depart to field. Conversely the FPSO Atlanta has started her journey to Brazil today and is expected to arrive in early May. After being hooked up and lines pulled in, first oil is expected within August.