FPSO OSX-3 pictured at her May 31, 2013 naming ceremony. Photo credit: OSX
RIO DE JANEIRO (Reuters) – OSX Brazil SA, the shipbuilding and ship-leasing unit of tycoon Eike Batista’s Grupo EBX, said on Friday that its OSX-3 vessel arrived in Brazilian waters and would be delivered to sister oil producer OGX Petroleo e Gas Participações SA.
The ship, known as a floating production, storage and offloading ship, or FPSO, will arrive in Rio de Janeiro on Saturday en route from Singapore where it was built, OSX said in a securities filing. The ship has been leased by OGX to produce oil from its Tubarão Martelo offshore field northeast of Rio de Janeiro.
The arrival of OSX-3 is being carefully watched because the ship represents one of the few chances OGX, once the largest company in the troubled EBX energy, mining and logistics empire, has to develop commercial production.
The announcement also came the day OSX named Marcelo Luiz Maia Gomes as chief executive, replacing Carlos Eduardo Sardenberg Bellot, who is leaving the company.
Failure to meet output targets at OGX’s Tubarão Azul field since early 2012 helped cause the meltdown of EBX, causing the value of the group once worth more than $60 billion to nearly evaporate. Tubarão Azul oil is being produced by the OSX-1 FPSO.
In May, Malaysia’s Petroliam Nasional Bhd, or Petronas agreed to pay $850 million for 40 percent of two offshore oil blocks controlled by OGX. One of the blocks is home to Tubarão Martelo.
OSX also said it had canceled its contract with Spanish construction company Acciona Infraestructuras SA, which was building its shipyard at the Port of Açu, north of Rio de Janeiro. Açu is owned by EBX’s port company, LLX LogÃstica SA.
With the cancellation, OSX makes its decision to limit its shipyard at Açu to its planned first phase and mothballing construction of warehouses and docks slated for its phase 2 expansion. (Reporting by Jeb Blount; Editing by Peter Cooney)
March 22 (Reuters) – The Biden administration on Friday released new rules that will make it easier for offshore wind developers to claim a subsidy for facilities planned in areas that have historically relied...
By Lars Paulsson (Bloomberg) — On the outskirts of Rotterdam, a bright orange ship is hoisted above the muddy Rhine with the help of six chunky triangular legs. The vessel has just been retrofit with a huge...
The Biden Administration has announced plans for a second offshore wind lease sale in the Gulf of Mexico after a first sale which, despite its historic significance, earned only a...
March 20, 2024
Total Views: 576
Why Join the gCaptain Club?
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.