ExxonMobil flows oil from third project offshore Guyana as FPSO comes online ahead of schedule

(OET) U.S.-headquartered energy giant ExxonMobil has started production from its third oil development at the Stabroek block offshore Guyana, boosting total production capacity in the country to approximately 620,000 barrels per day. ExxonMobil made a final investment decision to proceed with the Payara field development, Guyana’s third offshore oil development on the Stabroek Block, at the end of September... Continue Reading →

November 14, 2023 0

KOTUG Bolsters Guyana Fleet with Three Offshore Terminal Tugs

(OE) KOTUG said Tuesday it had, via its Guyanese subsidiary KOTUG Guyana strengthened its position in Guyana with the arrival of three additional Offshore Terminal Tugs to support ExxonMobil Guyana’s offshore operations. With the arrival of KOTUG-owned ‘SD Grace’, ‘Seaways 20’ and ‘Seaways 22’, KOTUG will operate a total of five offshore terminal tugs in... Continue Reading →

November 14, 2023 0

Ocean Installer and Petro win FPSO work with TotalEnergies off Angola

Petro Services and its main subcontractor Ocean Installer, a marine construction and operations player, have secured a contract with TotalEnergies for umbilical recovery and reinstallation activities on a floating production, storage, and offloading (FPSO) vessel in Angola. The new contract, awarded by TotalEnergies EP Angola and its Block 17 partners, will enable the two players to execute an... Continue Reading →

November 13, 2023 0

Enauta resumes operation of the Atlanta Field in the Santos Basin

(PN) After a wait of more than four months, Enauta was finally able to restart production at its main asset, the Atlanta field, in the Santos Basin. The resumption of operations in the area took place on the 5th of November. The field's production was halted in July, due to technical problems in the electrical... Continue Reading →

November 10, 2023 0

Well results showcase potential for standalone shallow oil development off Guyana

Two oil and gas players – Canada’s CGX Energy and Frontera Energy – have revealed the well results for a discovery in the Corentyne block offshore Guyana, which serve to further highlight the potential for a standalone shallow oil resource development across the block. According to CGX and Frontera, a total of 114 feet (35 meters)... Continue Reading →

November 10, 2023 0

Petrobras Financial Performance in 3Q23

Main achievements: Solid recurring EBITDA of US$ 13.7 billion Gross debt under control at US$ 61 billion, even after the increase in leases with the start-up of FPSO Anita Garibaldi Consistency in cash generation: Operating Cash Flow of US$ 11.6 billion, the fourth highest ever Return to society with tax and dividends payments of R$... Continue Reading →

November 10, 2023 0

Petrobras P-71 FPSO reaches maximum production capacity in the pre-salt

(TN) Petrobras' P-71 FPSO reached its maximum production of 150 thousand barrels of oil per day, last Wednesday, in the pre-salt Santos Basin. The FPSO-type unit (floating production, storage and transfer system) is the only production platform installed in Itapu, 200 kilometers off the coast of Rio de Janeiro. This field is operated by Petrobras,... Continue Reading →

November 9, 2023 0

Dril-Quip expandable liner hanger fitted in deepwater Brazil well

(OM) Dril-Quip has installed its first 18-inch by 22-inch XPAK-De expandable liner hanger in a deepwater Santos Basin presalt exploration well. Petrobras operates the well for the Sagitario location, in partnership with Repsol Sinopec Brasil and Shell. Dril-Quip describes its XPAK-De range as premium liner hangers that can provide technical ratings beyond those of the liner pipe... Continue Reading →

November 9, 2023 0

Mexico’s Pemex, New Fortress Energy scrap deepwater gas project -sources

(Reuters) - Mexican state energy company Pemex and U.S. liquefied natural gas (LNG) company New Fortress Energy (NFE.O) have terminated a deal to develop potentially the country's first deepwater natural gas project that was signed a year ago, two sources with direct knowledge of the matter said. Now Pemex wants to continue with the development of the Lakach... Continue Reading →

November 7, 2023 0

Valaris anticipates ‘meaningfully’ higher profits in next two years, as rig market tightens further

(OET) Offshore drilling contractor Valaris has recorded a strong operational and financial performance during the third quarter of 2023, thanks to a rise in rig demand and day rates. The rig owner’s outlook for the offshore drilling market over the next two years remains bullish with further improvements in fleet utilization and day rates on... Continue Reading →

November 7, 2023 0

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Category: Deepwater

ExxonMobil flows oil from third project offshore Guyana as FPSO comes online ahead of schedule

KOTUG Bolsters Guyana Fleet with Three Offshore Terminal Tugs

Ocean Installer and Petro win FPSO work with TotalEnergies off Angola

Enauta resumes operation of the Atlanta Field in the Santos Basin

Well results showcase potential for standalone shallow oil development off Guyana

Petrobras Financial Performance in 3Q23

Petrobras P-71 FPSO reaches maximum production capacity in the pre-salt

Dril-Quip expandable liner hanger fitted in deepwater Brazil well

Mexico’s Pemex, New Fortress Energy scrap deepwater gas project -sources

Valaris anticipates ‘meaningfully’ higher profits in next two years, as rig market tightens further

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