• 2019 June 21 18:04

    MODEC awarded Letter of Intent by Petrobras related to Búzios 5 FPSO

    MODEC, Inc. has received a Letter of Intent (LOI) for supply, charter, and operations of a Floating Production Storage and Offloading (FPSO) vessel for Petróleo Brasileiro S.A. ("Petrobras") for Búzios 5. The firm time charter period of the contract is 21 years, the company said in its release.

    This will be the 5th FPSO deployed at the Búzios field, however it is the first chartered production unit for the region. Búzios is one of the offshore oil and gas fields in Brazil which forms part of the Transfer of Rights agreement signed in 2010. The Búzios field is 100% operated by Petrobras and is situated 180 kilometers off the coast of Rio de Janeiro, in the giant "pre-salt" region of the Santos Basin, Brazil, at a water depth approximately 1,900 meters.

    MODEC is responsible for the engineering, procurement, construction, mobilization chartering and operations of the FPSO, including topsides processing equipment as well as hull and marine systems. SOFEC, Inc., a MODEC group company, will design and supply the spread mooring system for the floating unit.

    The FPSO will be capable of processing 150,000 barrels of crude oil per day, 212 million standard cubic feet of gas per day, 240,000 barrels of water injection per day and will have minimum storage capacity of 1,400,000 barrels of crude oil. The first oil production by the FPSO is planned for 2022.

    This is the 15th FPSO/FSO vessel which MODEC will provide in Brazil, as well as MODEC's 8th FPSO in the "pre-salt" following the FPSO Cidade de Angra dos Reis MV22, the FPSO Cidade de São Paulo MV23, the FPSO Cidade de Mangaratiba MV24, the FPSO Cidade de Itaguaí MV26, the FPSO Cidade de Caraguatatuba MV27, as well as two latest units, the FPSO Carioca MV30 and FPSO Guanabara MV31, currently under construction.

     




2019 July 17

18:13 USCG responds to boat collision, assists 4 injured
17:55 LNG vessels to protect environment and increase container turnover at the Port of Riga
17:32 YAMAL LNG obtains certification for the new ISO 45001:2018 and confirms compliance with ISO 14001:2015
17:03 Qatargas delivers 3000th LNG cargo to Japan
16:48 Maslovoz-2 tanker left floating dock of Novorossiysk Ship Repair Yard
16:21 Krasnoye Sormovo delivers the Aleksandr Zuyev, dry cargo carrier of Project RSD59, to STLC
16:03 Safe Bulkers, Inc. announces installation and commissioning of the first scrubber on MV Martine
15:44 Germany accedes to ship recycling convention
15:27 South Africa accedes to compensation regime for hazardous and noxious cargoes
15:02 BHP to introduce low emissions LNG freight
14:02 CMA CGM announces FAK rates from ISC to North Europe and the Mediterranean
13:32 McDermott awarded FEED contract for Sohar LNG bunkering project in Oman
13:15 Pilbara Ports Authority delivers a total annual throughput of 697.2 million tonnes for the 2018/19 financial year
12:39 Exports of Russian oil products from Kambarka oil tank farm resumed by river route via RPK-Vysotsk-LUKOIL-II
12:01 Aker Solutions announces Second-Quarter and Half-Year results 2019
11:51 New edition of Rules for Classification and Construction of Ships Carrying Liquefied Gases in Bulk published by RS
11:44 Port of Oakland’s keystone project set to be delivered in 2020
11:26 NIBULON shipyard continues forming the hull of its 140-m NIBULON MAX floating crane
11:02 The President of the European Council visits the new Port of Baku
10:40 Gasum Group reports its financial results for Q2 2019
10:30 MABUX: Bunker market this morning, July 17
10:17 AS Tallinna Sadam reports its 2019 Q2 passenger and cargo flows
09:54 Bunker prices increase at the port of Saint-Petersburg, Russia (graph)
09:35 Brent Crude futures price is up 0.25% to $64.51, Light Sweet Crude – up 0.03% to $57.64
09:19 Baltic Dry Index is up to 2,011 points

2019 July 16

18:06 CMA CGM announces FAK rates from Asia to North Africa
17:49 Marine Recruiting Agency to recruit personnel for Petrolesport
17:36 Hapag-Lloyd adds vessel to its North America Westcoast / Oceania Service
17:24 Turnover of DeloPorts’ terminals in 1H’19 decreased by 25% YoY to 3.2 mln tonnes
17:06 Odfjell SE sells its ownership share of terminal in Jiangyin, China
16:30 Keppel secures contract from Yinson for the modification of FPSO
16:01 More than 100,000 containers shipped via Intercity Barge at the Port of Rotterdam
15:56 Van Oord orders third trailing suction hopper dredger from Keppel
15:35 Rostransnadzor launches pilot project on remote monitoring of water transport companies’ compliance with mandatory requirements
15:10 Hapag-Lloyd announces rate restoration from East Asia to North Europe and Mediterranean
14:51 Bunker market sees mixed price movements at the Far East ports of Russia (graph)
14:29 Baltic Transport Forum - development momentum for the region
14:10 Hapag-Lloyd launches new Africa service
13:46 Sea Port of Saint-Petersburg puts into operation new ecological equipment
13:25 Leading Port Planning & Development World Summit comes to Brussels, Belgium this October
13:01 CMA CGM announces GRR from Asia to West Africa
12:37 Naval Group launches first in Barracuda-class series of six nuclear submarines
12:10 Port of Oakland exports up 4.2 percent in June 2019
11:26 Nefteflot CJSC lays down third 4,800DWT barge of Project RDB12 ordered by STLC
11:01 CMA CGM announces FAK rates from Asia to North Europe
10:40 Scope of repair dredging performed by FSUE Rosmorport in 2019 to total about 10 million cbm
10:17 Investment dues collected in Russia’s seaports in 2019-20 to be used for four projects
10:14 MABUX: Bunker market this morning, July 16
10:14 Wärtsilä chosen for another environmentally sustainable hopper dredger from Damen Shipyards
09:54 Icebreaking and Support Fleet conference to be held in Saint-Petersburg on September 16 as part of NEVA-2019 exhibition’s zero day
09:35 Brent Crude futures price is up 0.06% to $66.52, Light Sweet Crude – down 0.05% to $59.55
09:18 Baltic Dry Index is up to 1,928 points

2019 July 15

17:58 IAPH welcomes new Associate Member from Switzerland
17:33 NIBULON transported 3.5 million tonnes of cargoes by water transport
17:06 Hapag-Lloyd to introduce new Middle East-India-Africa Express Service
16:07 Desktop Just-In-Time trial yields positive results in cutting emissions
15:44 Prevention of marine pollution in South Asia discussed at regional workshop
15:15 Cargotec’s MacGregor receives clearance from the Chinese competition regulator for the acquisition of the marine and offshore businesses of TTS Group
14:56 Murmansk Sea Fishing Port handled 116,000 tonnes of cargo in 6M’2019, down 35.5% Y-o-Y
14:39 RS issues revised Rules for Classification and Construction of ships carrying liquefied gas