Brazilian state-run oil firm Petrobras has signed letters of intent with Japan’s Modec Inc. and Malaysia’s Yinson Holdings Bhd for charter contracts for FPSOs, the company said Oct. 15.
In a securities filing, Petrobras said Modec’s Marlim 1 FPSO will have a processing capacity of 80,000 barrels per day (bbl/d) of oil and Yinson’s Marlim 2 FPSO will have a processing capacity of 70,000 bbl/d.
Production is set to begin in 2022 and 2023, and the FPSOs will operate for 25 years. Petrobras did not disclose values.
2022-06-01 - Validus, with roughly $1 billion of capital commitments available for deals, is also looking to convert its “barrels in the ground” into high margin returns.
2022-06-20 - Double Eagle Energy’s latest venture will pursue a similar strategy in the Permian Basin that led to the success of the predecessor companies, but on a “considerably larger scale,” according to the release.
2022-06-20 - Jonathan Curth has extensive legal experience working with public E&P companies, most recently at Vine Energy, which was acquired by Chesapeake Energy in 2021.
2022-06-23 - Crédit Agricole said it expected emissions linked to its loans to the oil and gas sector to fall 30% by 2030, while those connected with lending to the autos sector would fall by half.
2022-06-23 - A consortium plans to spend billions on solar modules and says more action is needed following the Biden administration’s decision to pause tariffs on solar panels from four counties.