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(Reuters) Guyana said it expects to receive some $2.1 billion from oil exports and $320 million from royalties this year as crude production continues to rise, an increase from the $1.62 billion received in 2023. The South American nation's gross domestic product is expected to increase by 34.3% in 2024, the fifth consecutive year of... Continue Reading →
(OET) Offshore drilling contractor Stena Drilling has confirmed that one of its drillships is on its way to Las Palmas to start its special period survey (SPS). According to Stena Drilling, the Stena Carron drillship has headed to Las Palmas to start its SPS. The company looks forward to the rig’s return to Guyana, where it will... Continue Reading →
(Reuters) - Shell (SHEL.L) is set to conclude nearly a century of operations in Nigerian onshore oil and gas after agreeing to sell its subsidiary there to a consortium of five mostly local companies for up to $2.4 billion.The British energy giant pioneered Nigeria's oil and gas business beginning in the 1930s. It has struggled for years... Continue Reading →
(PN) Petrobras, Shell Brasil, TotalEnergies, CNPC and CNOOC and the Federal University of Rio Grande do Sul (UFRGS) kicked off a series of studies that aim to map the offshore wind potential of the pre-salt region. The first data relating to the study is being collected in the Buzios field, and the work will soon... Continue Reading →
(TN) Constellation and HMH announced this Thursday, January 11, the signing of an integrated maintenance support contract for Blowout Preventers (BOPs) for the semi-submersible drilling platforms Alpha Star, Gold Star and Lone Star. The Contractual Services Agreement (CSA) will last for five years, with an option for extension. The partnership model is unprecedented in Brazil... Continue Reading →
(OE) ExxonMobil Guyana has unveiled that the Prosperity floating production storage and offloading (FPSO) unit, used in the Payara project, achieved background flare in 39 days, ahead of the 60-day target. Achieved ahead of schedule outlined in the project’s environmental permit, the accomplishment marks a significant milestone in the company’s commitment to efficient and environmentally... Continue Reading →
(Reuters) The winners of an auction for oil exploration blocks off Guyana's coast were given until the end of the month to submit additional information requested by the government before awarding the contracts, the country's vice president said on Thursday. Following delays, the Guyanese government in September received bids for eight of 14 offshore blocks... Continue Reading →
Jumbo Offshore Installation Contractors B.V. (“Jumbo Offshore”) has been awarded a contract by MODEC Guyana Inc. (“MODEC”) for the pre-installation of the mooring spread of the FPSO Errea Wittu, which will be located offshore Guyana. The FPSO “Errea Wittu”, the name of which means ”abundance”, will have the capacity to store 2 million barrels of... Continue Reading →
(OET) In a bid to propel the development of four oil projects forward, Angola-based Azule Energy, a joint venture between BP and Eni, has set its cap on using a digital design and visualization platform from FutureOn, a Norwegian software company specializing in the energy sector, which allows the latter to gain its first foothold in... Continue Reading →
(OET) Brazilian oil and gas player Enauta has restarted production from another well at a field offshore Brazil. Following issues in the subsea pumping electrical system adopted for the FPSO Petrojarl I, Enauta temporarily halted the Atlanta field’s production in July 2023. After the reinstallation of the subsea pumping equipment at one of the wells, production resumed on November 5, with well #5... Continue Reading →
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