(OE) ExxonMobil and its partners have made an oil discovery at Block 15 offshore Angola, while drilling the exploration well located in the Kizomba B development area. The discovery was made while drilling the Likembe-01 well in Block 15, operated by ExxonMobil, in partnership with Azule Energy, Equinor and Sonangol. Drilled between the months of... Continue Reading →
(Offshore-energy.biz) Brazil’s state-owned oil and gas giant Petrobras is laying the groundwork to put 14 new floating production, storage, and offloading (FPSO) vessels into production mode over the next five years. As the Brazilian energy heavyweight is also determined to raise its emissions reduction bar, the new FPSOs and solutions are expected to come with decarbonization... Continue Reading →
Rio de Janeiro, May 13, 2024 Main highlights: Consistent results: adjusted EBITDA of US$ 12.1 billion, Operating Cash Flow (FCO) ofUS$ 9.4 billion and Net profit of US$ 4.8 billion. Financial debt at US$ 27.7 billion, the lowest level since 2010. Gross debt is undercontrol at US$61.8 billion, within the range established in our Strategic... Continue Reading →
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 →
(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 →
(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 →
(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 →
(OE) U.S.-based offshore drilling company Diamond Offshore has secured the marketing rights for three seventh generation drillships - West Dorado, West Draco and West Libra, which will be renamed Tidal Action. Diamond Offshore entered into an agreement with Eldorado Drilling, the owner of the West Dorado and West Draco, to market the rigs in Brazil,... Continue Reading →
(Reuters) - Brazil's state-run oil firm Petrobras will begin to drill off Colombia's coast at its Uchuva-2 well this month, Chief Exploration and Production Officer Joelson Mendes told journalists during a press-conference. The promising area off Colombia's coast could justify a large project to supply natural gas to the Andean country and for exports, Mendes said in... Continue Reading →
Barry Parker, Contributor (OE) Offshore energy is on a growth trajectory. Rystad Energy wrote in February 2024 that upstream oil majors were diving in to deeper waters. “Despite tightened budgets, frontier drilling is fueling optimism for a productive year, particularly deepwater projects in the Atlantic Margin, Eastern Mediterranean and Asia,” Rystad wrote, noting that “the trend... Continue Reading →
