Santos Basin

CNOOC Limited Announces Mero2 Project Commences Production

Retrieved on: 
Tuesday, January 2, 2024
HKD, Santos Basin, FPSO, Petrobras, RMB, CNOOC Limited, Federal Union, Perception, Insurance, Water, Climate change, TotalEnergies, CNPC

HONG KONG, Jan. 1, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces that Mero2 Project has commenced production safely.

Key Points: 
  • HONG KONG, Jan. 1, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces that Mero2 Project has commenced production safely.
  • The development plan includes 4 production units, namely, Mero1, Mero2, Mero3 and Mero4.
  • Mero2 Project is the second project commissioned in the field following Mero1 Project.
  • CNOOC Petroleum Brasil Ltda, a wholly-owned subsidiary of CNOOC Limited, holds 9.65% interest.

SBM Offshore completes US$1.615 billion financing of Alexandre de Gusmão

Retrieved on: 
Tuesday, June 20, 2023
Insurance, ECA, FPSO, Partnership, Export credit agency, GHG, CNPC, Government, SBM, SBM Offshore, Santos Basin, Mero, FPSO Noble Seillean, Renewable energy, CNOOC, Petrobras, TotalEnergies

SBM Offshore is pleased to announce it has signed the project financing of FPSO Alexandre de Gusmão for a total of US$1.615 billion.

Key Points: 
  • SBM Offshore is pleased to announce it has signed the project financing of FPSO Alexandre de Gusmão for a total of US$1.615 billion.
  • The project financing is provided by a consortium of 12 international banks with insurance cover from 3 international Export Credit Agencies (ECA).
  • FPSO Alexandre de Gusmão is owned and operated by special purpose companies owned by affiliated companies of SBM Offshore (55%) and its partners (45%).
  • SBM Offshore designs, builds, installs and operates offshore floating facilities for the offshore energy industry.

CNOOC Limited Announces Buzios5 Project Commences Production

Retrieved on: 
Thursday, June 1, 2023
Insurance, FPSO, CNOOC Limited, Petrobras, Perception, Government, SSE, Santos Basin, HSSE, Water, Natural gas, SEHK, Landing slot, Armação dos Búzios, Oil

HONG KONG, May 31, 2023 /PRNewswire/ -- CNOOC Limited ("the Company", SEHK: 00883, SSE: 600938) announces today that Buzios5 Project has commenced production safely.

Key Points: 
  • HONG KONG, May 31, 2023 /PRNewswire/ -- CNOOC Limited ("the Company", SEHK: 00883, SSE: 600938) announces today that Buzios5 Project has commenced production safely.
  • It is the largest deep-water pre-salt oilfield in the world, with a daily production of about 600,000 barrels at present.
  • The FPSO used in Buzios5 project was converted in China in July 2022 and arrived at the oilfield in February 2023.
  • Mr. Xia Qinglong, president of the Company, said "Buzios5 is the first project to commence production after CNOOC Limited joins Buzios project, which will inject new momentum into our overseas production growth.

SLB, Rockwell Automation, Sensia and Cognite Collaborate to Optimize Asset Performance of FPSOs

Retrieved on: 
Monday, May 15, 2023
Partnership, Flight Consulting Group, Failure, Senior, Petrobras, System, Carbon, Rockwell, Santos Basin, Rockwell Automation, Digital, OEM, FPSO Noble Seillean, NYSE, SLB, Safety, Automation, Asset management, FPSO, MPDS, List of photographic films, Cognite

BRUSSELS, May 15, 2023 /PRNewswire/ -- Rockwell Automation Inc. (NYSE: ROK), Sensia LLC and Cognite today announced a collaboration that will accelerate the evolution of the offshore industry's floating production storage and offloading (FPSO) facilities. Digital capabilities developed by the four-company coalition will improve the reliability, availability, safety and efficiency of these critical assets — all while lowering the carbon footprint of their offshore operations. 

Key Points: 
  • BRUSSELS, May 15, 2023 /PRNewswire/ -- Rockwell Automation Inc. (NYSE: ROK), Sensia LLC and Cognite today announced a collaboration that will accelerate the evolution of the offshore industry's floating production storage and offloading (FPSO) facilities.
  • "As digital performance integrators, the power of this coalition comes from our collective knowledge, expertise, and belief that open collaboration will accelerate innovation and decarbonization.
  • The coalition integrates the entire data life cycle with targeted automation, analytics, simulation and visualization capabilities to enhance efficiencies in FPSO performance.
  • "As the leading OEM module automation supplier, Rockwell brings to the coalition its expertise in control and safety systems for FPSOs, as well as extensive experience in power systems.

SBM Offshore completes US$1.63 billion financing of Almirante Tamandaré

Retrieved on: 
Friday, March 31, 2023
Insurance, ECA, FPSO, Partnership, CNOOC, Petrobras, Export credit agency, GHG, SBM, SBM Offshore, Santos Basin, Natural gas, Renewable energy

SBM Offshore is pleased to announce it has signed the project financing of FPSO Almirante Tamandaré for a total of US$1.63 billion.

Key Points: 
  • SBM Offshore is pleased to announce it has signed the project financing of FPSO Almirante Tamandaré for a total of US$1.63 billion.
  • The project financing is provided by a consortium of 13 international banks with insurance cover from 4 international Export Credit Agencies (ECA).
  • FPSO Almirante Tamandaré is owned and operated by a special purpose company owned by affiliated companies of SBM Offshore (55%) and its partners (45%).
  • SBM Offshore designs, builds, installs and operates offshore floating facilities for the offshore energy industry.

A New Dawn for CCUS After Five Decades of Ups and Downs

Retrieved on: 
Wednesday, November 23, 2022
Carbon, Consultant, Players, Agave americana, NETS, First Nations in Ontario, Investment, UN, Val Verde, Hope, DAC, Research, Climeworks, Revolution, Western world, Drax, COP26, Acceleration, MRV, Conference, NZE, Coal, FID, Inflation, IRA, Subscription business model, Blue, Hydrocarbon, EOR, International Energy Agency, Direct air capture, Renewable energy, Asian Infrastructure Investment Bank, United Nations, Growth, IEA, CCS, Policy, CO, Hydrogen, Iron, Carbon dioxide, Sleipnir, Carbon dioxide removal, Santos Basin, CDR, Iron & Steel Museum of Alabama, Cement, Petra Nova

However, despite the critical importance of the technology and substantial development to date, CCUS deployment has been slower than anticipated.

Key Points: 
  • However, despite the critical importance of the technology and substantial development to date, CCUS deployment has been slower than anticipated.
  • For further information on the CCUS market and its technologies, please refer to IDTechEx's report " Carbon Capture, Utilization, and Storage 2021-2040 ".
  • CCUS capacity growth has been around 2.3Mtpa of added capacity since 2010, with annual capture capacity reaching 41Mtpa of CO in 2020.
  • The first industrial large-scale CCUS project commenced operation about 50 years ago at the Val Verde natural gas processing plant in Texas, US.

A New Dawn for CCUS After Five Decades of Ups and Downs

Retrieved on: 
Wednesday, November 23, 2022
Carbon, Consultant, Players, Agave americana, NETS, First Nations in Ontario, Investment, UN, Val Verde, Hope, DAC, Research, Climeworks, Revolution, Western world, Drax, COP26, Acceleration, MRV, Conference, NZE, Coal, FID, Inflation, IRA, Subscription business model, Blue, Hydrocarbon, EOR, International Energy Agency, Direct air capture, Renewable energy, Asian Infrastructure Investment Bank, United Nations, Growth, IEA, CCS, Policy, CO, Hydrogen, Iron, Carbon dioxide, Sleipnir, Carbon dioxide removal, Santos Basin, CDR, Iron & Steel Museum of Alabama, Cement, Petra Nova

However, despite the critical importance of the technology and substantial development to date, CCUS deployment has been slower than anticipated.

Key Points: 
  • However, despite the critical importance of the technology and substantial development to date, CCUS deployment has been slower than anticipated.
  • For further information on the CCUS market and its technologies, please refer to IDTechEx's report " Carbon Capture, Utilization, and Storage 2021-2040 ".
  • CCUS capacity growth has been around 2.3Mtpa of added capacity since 2010, with annual capture capacity reaching 41Mtpa of CO in 2020.
  • The first industrial large-scale CCUS project commenced operation about 50 years ago at the Val Verde natural gas processing plant in Texas, US.

CNOOC Limited Announces Mero 1 Project Commences Production

Retrieved on: 
Tuesday, May 3, 2022
HSSE, Federal Union, Insurance, Water, Company, FPSO, Perception, Santos Basin, Petrobras, SSE, CNOOC Limited, Technology, SEHK, Oil

HONG KONG, May 2, 2022 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883,SSE: 600938) today announced that Mero 1 project has commenced production safely.

Key Points: 
  • HONG KONG, May 2, 2022 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883,SSE: 600938) today announced that Mero 1 project has commenced production safely.
  • Mero 1 Project will be developed by the traditional deep-water Pre-salt development mode, FPSO+Subsea.
  • "The production of Mero 1 will not only become a significant growthdriver for CNOOC Limited's overseas oil and gas production.
  • CNOOC Petroleum Brasil Ltda, a wholly-owned subsidiary of CNOOC Limited, holds 9.65% interest.

CGG: CGG Wins Another Major 4D OBN Imaging Contract Offshore Brazil

Retrieved on: 
Thursday, March 24, 2022
Poseidon, OBN, EVP, 3D, CGG, Santos Basin, Euronext Paris, ISIN, Solution, Petrobras, Acquisition, Oil, Earth science

CGG has been awarded a two-part Ocean Bottom Node (OBN) seismic imaging project by PXGEO over the Sapinho Shared Reservoir in the Santos Basin offshore Brazil.

Key Points: 
  • CGG has been awarded a two-part Ocean Bottom Node (OBN) seismic imaging project by PXGEO over the Sapinho Shared Reservoir in the Santos Basin offshore Brazil.
  • Peter Whiting, EVP, Geoscience, CGG, said: With our unequalled track record of successful pre-salt OBN projects, CGG is without doubt the worlds leading OBN seismic imaging company.
  • The baseline 3D seismic survey acquired by the PXGEO Poseidon OBN crew, covering 575 sq km, is already being processed at CGGs Rio de Janeiro subsurface imaging center.
  • CGG will process the 4D monitor survey after its planned acquisition, again by PXGEO, in 2023.

SBM Offshore divests minority interest in FPSO Almirante Tamandaré project

Retrieved on: 
Tuesday, January 25, 2022
Solution, Partnership, Ownership, Mitsubishi Corporation, Petrobras, Santos Basin, SBM Offshore, Company, NYK, FPSO, Contract, CNOOC, Nippon Yusen

MC and NYK have acquired a respective 25% and 20% ownership interest in the special purpose companies related to the lease and operation of the FPSO Almirante Tamandar.

Key Points: 
  • MC and NYK have acquired a respective 25% and 20% ownership interest in the special purpose companies related to the lease and operation of the FPSO Almirante Tamandar.
  • SBM Offshore is the operator and will remain the majority shareholder with 55% ownership interest.
  • FPSO Almirante Tamandar is currently under construction.
  • Where references are made to SBM Offshore N.V. and /or its subsidiaries in general, or where no useful purpose is served by identifying the particular company or companies SBM Offshore or the Company are sometimes used for convenience.