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Sept. 26 (OE) Italian offshore energy services firm Saipem has received the authorization to proceed with the execution of activities related to the engineering, procurement, construction and installation (EPCI) contract for the development of ExxonMobil's Hammerhead oil field, offshore Guyana. The contract with ExxonMobil Guyana, valued approximately $500 million, entails the EPCI work for subsea,... Continue Reading →
Sept. 24 (oilnow.gy) ExxonMobil Guyana Limited (EMGL) continued developmental drilling on September 20 at the Yellowtail Project’s YT_1P10 drill center within the Stabroek Block. The Noble Don Taylor rig will carry out the operation until October 31, 2025, according to a recent notice from the Maritime Administration Department. The YT_1P10 drill center lies 105.7 nautical... Continue Reading →
Sept. 25 (Reuters) U.S. energy producer Chevron is expected to begin drilling at Suriname's shallow-water Block 5 next month, the country's oil minister, Patrick Brunings, said. "They will be drilling the Kori Kori well," he said in a TV interview this week. "If this well does indeed contain oil or gas, it will of course be very... Continue Reading →
Sept. 25 (OE) Global technology company SLB has secured a major contract from Petrobras to provide services and technology for up to 35 ultra-deepwater wells in the strategically important Santos Basin. The wells, which are part of the second development of the Atapu and Sépia fields, target massive pockets of oil and gas beneath thick... Continue Reading →
September 25, 2025 —Exail has achieved a major milestone in maritime autonomy with its DriX O-16 transoceanic uncrewed surface vehicle (USV). The 16-meter platform has just completed an unprecedented 1,100-nautical-mile (2,000 km) transit from La Ciotat – France, to Troia – Portugal, to join NATO’s REPMUS 2025 exercise. Sailing past the Balearic Islands and through... Continue Reading →
Sept. 24 - Petrobras received approval from Ibama on Wednesday, September 24th, for the Pre-Operational Assessment (APO), the emergency response simulation conducted by the company in August of this year, as the final stage of the environmental licensing process for block FZA-M-59, located in deepwater areas of Amapá. The report approving the APO was filed... Continue Reading →
Sept 25 (Reuters) - BP said on Thursday it expects global oil demand to grow until 2030, five years later than its forecast a year ago, pointing to slowed efforts to increase energy efficiency and reduce global carbon emissions. The oil major's latest Energy Outlook, an annual study of energy trends through 2050, models two scenarios.... Continue Reading →
Sept 25 (Reuters) - U.S. energy major Chevron said on Thursday it was expecting to take a hit of $200 million to $400 million in the third quarter related to the Hess deal. Chevron closed its $55 billion acquisition of Hess in July after winning a landmark legal battle against larger rival Exxon Mobil to gain access to the... Continue Reading →
Sept 24 (Reuters) - China led several countries in announcing new climate plans on Wednesday and offered a veiled rebuke of the U.S. president's anti-climate rhetoric a day earlier at the U.N. General Assembly. Addressing a climate leaders’ summit hosted by U.N. Secretary-General Antonio Guterres, Chinese President Xi Jinping said in a live video message... Continue Reading →
Sept. 25 (OE) Dutch-based SBM offshore has cut the first steel for Chalchi floating storage and offloading (FSO) at COSCO Shipyard in China, marking the start of construction of the unit bound for deployment at Trion deepwater oil field, offshore Mexico. The FSO’s name, Chalchi, is inspired by Chalchiuhtlicue, the Aztec water deity, symbolizing the... Continue Reading →
Brazil Energy Insight 