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(OE) QatarEnergy has signed an agreement with Chevron to acquire a 20% working interest in a production sharing contract for block 5 offshore Suriname. Pursuant to the signed agreement, Chevron as the operator will retain a 40% interest, while Paradise Oil Company, an affiliate of Suriname’s national oil company Staatsolie, will own the remaining 40%.... Continue Reading →
(OE) MODEC has secured an Approval in Principle (AiP) for Abate Notation from classification society DNV for its FPSO Bacalhau, set for deployment at an Equinor-operated oil project offshore Brazil. In this project, a comprehensive assessment of greenhouse gas emissions abatement on FPSO Bacalhau was conducted according to DNV guidelines. The Abate notation requires stringent... Continue Reading →
(OE) Community Offshore Wind, a joint venture between RWE and National Grid Ventures, has selected Fugro to perform a geotechnical investigation of their lease area in the New York Bight. With 3 GW of offshore wind energy potential, the developed lease area could power more than one million homes in the region, making a valuable... Continue Reading →
(OE) Danish offshore wind installation firm Cadeler has signed a preferred supplier agreement to secure vessel capacity with an undisclosed client, to transport and install offshore wind turbines. The installation campaign is due to commence in 2029 for an undisclosed client and project.t The effectiveness of the agreement is contingent upon the client’s success in... Continue Reading →
(Offshore-energy.biz) After ExxonMobil Guyana Limited (EMGL), a subsidiary of the U.S.-headquartered energy giant ExxonMobil, applied for environmental authorization to undertake the development of its seventh oil project in the Stabroek block, off the coast of Guyana, the country’s Environmental Protection Agency (EPA) has reviewed the application, concluding that it needs further insights into the potential... Continue Reading →
(OE) The government of Australia has granted 12 feasibility licenses for the Gippsland Offshore Wind Zone, with the potential installed generation capacity of 25 GW. The news follows Australia’s governments move to approve six projects for feasibility studies for the Gippsland area offshore Victoria back in May. According to Chris Bowen, Australia’s Minister for Climate... Continue Reading →
(TN) The World Bank Group released today 16/07, a study on "Scenarios for Offshore Wind Development in Brazil" based on analysis by DNV, an independent global expert in energy and risk management. This report is part of a series of offshore wind roadmap studies commissioned by the World Bank Group (WBG) under the Offshore Wind... Continue Reading →
Ta San Shang Marine Co. Ltd. (TSSM), the joint venture between Mitsui O.S.K. Lines, Ltd. of Japan, and Ta Tong Marine Co., Ltd. of Taiwan, has ordered a second Damen CSOV (Commissioning Service Operation Vessel) 9020. With a delivery date planned for end 2026, TSSM will deploy the new vessel in Taiwanese offshore wind farms.... Continue Reading →
(OilNow.gy) The oil and gas industry has long underpinned the global economy, with demand growing steadily except during the COVID-19 pandemic. New discoveries and massive oilfield reserves sustain global production, essential for meeting this demand. In May 2024, GlobalData conducted a poll to identify which oil field developments have the best short to medium-term prospects.... Continue Reading →
Petrobras restarted drilling an exploratory well, in the Jubarte field, in a water depth of 967 meters. The new well was given the technical name 4-BRSA-1392DA-ESS. Remember, when the original well is abandoned, operators drill a so-called repeat well, which has the same geological objectives. The technical name of the well is basically the same... Continue Reading →
Brazil Energy Insight 