UK-based AIS wins multiple contracts for deepwater oil field project off Brazil

(Offshore-energy.biz) UK-headquartered AIS has secured multiple contracts to supply a comprehensive range of subsea ancillary solutions on a “major” deepwater oil field development located in the Santos Basin, off the coast of Brazil. The contracts are from several engineering, procurement, construction, and installation (EPCI) and original equipment manufacturer (OEM) companies. The contracts involve providing various critical subsea... Continue Reading →

July 22, 2024 0

Colombia’s Ecopetrol in talks to buy CrownRock stake from Occidental

(Reuters) - Colombia's majority state-owned energy company Ecopetrol said on Friday that it is in talks with U.S. oil major Occidental Petroleum to possibly buy a stake in CrownRock. Ecopetrol, in a statement, did not include additional details and added that a final decision on the size of the stake and the amount it could pay were... Continue Reading →

July 19, 2024 0

Exxon Clash with Chevron Hinges on Control of Hess’ Guyana Asset

(Reuters) Exxon Mobil's legal bid to stop Chevron's proposed $53 billion acquisition of Hess rests on whether the transaction would involve a change of control of Hess' prize subsidiary in Guyana, according to people knowledgeable about the argument. The two top U.S. oil producers are in an arbitration battle over the world's largest oil discovery... Continue Reading →

July 18, 2024 0

QatarEnergy Takes Share of Chevron-Operated Block Offshore Suriname

(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 →

July 18, 2024 0

Ørsted Assumes Full Ownership of Sunrise Wind Offshore Wind Farm

(OE) Ørsted has completed the acquisition of Eversource’s 50 % share of Sunrise Wind, a 924 MW offshore wind farm located off the coast of New York. The purchase price at closing to acquire Eversource’s share of Sunrise Wind is $152 million. At signing in January 2024, the transaction was valued at $230 million, and... Continue Reading →

July 10, 2024 0

Dominion Buying Iberdrola’s US Offshore Wind Lease Area North of CVOW Project Site

(offshoreWind.biz)Iberdrola, through its US subsidiary Avangrid, and Virginia Electric and Power Company, a wholly-owned subsidiary of Dominion Energy, have signed an agreement under which Dominion will acquire the Kitty Hawk North Wind offshore wind lease area. The site, located some 40 kilometres north of the under-construction Coastal Virginia Offshore Wind (CVOW) project, would be renamed CVOW-South,... Continue Reading →

July 9, 2024 0

DOF Group to Acquire Maersk Supply Service for $1.11 Billion

(OE) Norwegian offshore supply vessel company DOF Group on Tuesday announced it has entered into an agreement to acquire Denmark-headquartered Maersk Supply Service (MSS) for $1.11 billion in a cash and stock deal.The combined company, operating under the DOF Group name and brand, will be a leading offshore service provider with comprehensive scale and a... Continue Reading →

July 2, 2024 0

Oil majors show interest in Galp’s Namibia oil prospect, sources say

(Reuters) - More than 12 oil companies, including Exxon, Shell and Brazil's national oil company, have expressed interest in buying a 40% stake in Galp Energia's major oil discovery offshore Namibia, sources close to the sale process said. Galp's Mopane discovery, which is estimated to hold at least 10 billion barrels of oil and gas equivalent,... Continue Reading →

July 2, 2024 0

Enauta Cancels Acquisition of FPSO Cidade de Santos from MODEC

(OE) Brazilian oil and gas company Enauta has terminated the contract to acquire the floating production, storage, and offloading (FPSO) unit Cidade de Santos from MODEC, announced in relation with the acquisition of Uruguá and Tambaú fields from Petrobras. In December 2023, Enauta entered into $48.5 million agreement with MODEC to buy the FPSO Cidade... Continue Reading →

July 2, 2024 0

Transocean drillship embarks on maiden gig with Petrobras in Brazil

(Offshore-energy.biz) Switzerland-based offshore drilling contractor Transocean has gotten down to business in Brazil, where its newbuild ultra-deepwater drillship set the ball rolling on its inaugural drilling assignment with the country’s state-owned energy giant Petrobras. Following a purchase agreement at the end of 2022 for the acquisition of the Deepwater Aquila (ex-West Aquila) drillship for $200 million from Hanwha Ocean,... Continue Reading →

July 1, 2024 0