Black & Veatch Completes Feasibility Study for Colombia’s New LNG Terminal

(OE) Black & Veatch has completed a feasibility study for the planned Andes Energy Terminal, a liquefied natural gas (LNG) regasification terminal and power plant. The study assessed site suitability, project design requirements, capital and operating costs, financial viability, financing options, climate resilience, and implementation and construction plans. Beginning with a site assessment that focused... Continue Reading →

May 13, 2024 0

FEED start imminent for Zama offshore Mexico

(OM) Harbour Energy expects the FEED process to start shortly for the Zama oilfield development in the Sureste Basin offshore Mexico, the company said in a trading update. Later this year, it will participate in an appraisal well on the recent Kan oil discovery in offshore Block 30. In the Andaman Sea offshore Indonesia, testing is underway on... Continue Reading →

May 10, 2024 0

Petrobras details Marlim gains, shipyard initiatives

OM) Petrobras expects to produce a further 860 MMboe from its revitalization of the Marlim Field in the Campos Basin by 2048, when the term for the concession is due to expire. Prior to the project, Marlim's production was projected to cease in 2025. Instead, Petrobras chose to replace nine platforms with two new FPSOs, which... Continue Reading →

May 10, 2024 0

Two more SBM FPSOs nearing completion

(OM) SBM Offshore expects to deliver the FPSO Almirante Tamandaré to Petrobras later this year, the company said in a trading update. The topside modules lifting campaign has finished, and integration and commissioning activities are progressing. The completed platform should produce first oil from the Búzios Field in the Santos Basin offshore Brazil next year. As for other FPSOs... Continue Reading →

May 10, 2024 0

US faces ‘learning curve’ with offshore wind, says Atlantic Shores exec

(OffshoreMagazine)Rain Byars, technical and delivery director with Atlantic Shores Offshore Wind, provided a developer's perspective on US offshore wind during her keynote session on May 7 at the Offshore Technology Conference (OTC). The dedicated offshore wind thread was a first at OTC this year. Byars has 14 years of experience in offshore wind, and prior to... Continue Reading →

May 10, 2024 0

Petrobras Required to Assess Indigenous Impact of Amazon Offshore Drilling

(Reuters) Brazil's state-run oil firm Petrobras must do a series of studies on the impact on Indigenous groups in the Amazon area of planned offshore drilling nearby in order to analyze the project's viability, according to a federal agency and documents from government agencies. The wide-ranging studies demanded by Brazil's environmental agency Ibama are meant... Continue Reading →

May 10, 2024 0

Jaguar FPSO award is SBM Offshore’s first on ‘sale and operate’ model – CEO

(OilNow) Øivind Tangen, Chief Executive Officer of SBM Offshore said that the company’s latest award for the Jaguar floating production, storage and offloading (FPSO) vessel is its first to be based on a sale-and-operate model. Jaguar is its fifth for ExxonMobil Guyana. The other orders were based on a lease-and-operate model. In the company’s latest... Continue Reading →

May 9, 2024 0

3R Petroleum 1Q 24 results

3R Petroleum Óleo e Gas S.A. (“3R” or “Company”) (B3: RRRP3) hereby presents its results for the first quarter of 2024 (“1Q24”) . Except as indicated otherwise, the financial and operational information herein described is presented on a consolidated basis, in Brazilian Reais (R$), and in accordance with International Financial Reporting Standards (IFRS). QUARTER HIGHLIGHTS... Continue Reading →

May 9, 2024 0

Guyana’s cabinet clears oil block bid by QatarEnergy, TotalEnergies, Petronas, minister says

(Reuters) - Guyana's cabinet has approved a bid for an offshore oil block by a consortium including QatarEnergy (QATPE.UL), TotalEnergies and Malaysian state-owned Petronas (PETRA.UL), a minister from the South American country said on Wednesday. Guyana, home of the largest oil discoveries in nearly a decade, offered 14 offshore blocks in September in its first competitive auction that... Continue Reading →

May 9, 2024 0

Colombia’s Ecopetrol Talking to Very Large Offshore Wind Players

(Reuters) Colombia's majority state-owned energy company Ecopetrol has held talks with big players ahead of a potential bid in an offshore wind auction organized by the country's government, Chief Executive Ricardo Roa said on Wednesday. Roa was speaking during a call with analysts regarding the company's financial results for the first quarter of 2024, where... Continue Reading →

May 9, 2024 0