Brazilian Government Releases Strategic Sectors of Pre-Salt Fields and Enable Largest Auction in History of the Production Sharing Regime

Feb. 12 (TN) The Brazilian government has made decisive progress in national energy policy by authorizing the expansion of areas for oil and gas exploration in deep and ultra-deep waters in the Campos, Santos, and Espírito Santo basins. This historic decision, built in an integrated manner between the Ministry of Mines and Energy (MME) and... Continue Reading →

February 13, 2026 0

Jumbo Offshore completes mooring line installation for Errea Wittu FPSO mooring spread for ExxonMobil Guyana Ltd. at Uaru Field, Stabroek Block, Offshore Guyana

12 February 2026 – Jumbo Offshore has completed mooring pre-installationactivities for the FPSO Errea Wittu for Exxon Mobil Guyana Ltd. at Uaru Field,Stabroek Block, Offshore Guyana, on behalf of Modec. The scope of work included theinstallation of suction anchors and the pre-lay of mooring lines in preparation forFPSO hook-up.Jumbo Offshore performed installation engineering, procurement, mobilisation... Continue Reading →

February 13, 2026 0

BW Offshore, McDermott Unveil Blue Ammonia FPSO Concept

Feb. 12 (OE) BW Offshore has unveiled a floating blue ammonia FPSO concept developed in collaboration with McDermott International, combining offshore production, carbon capture and direct export to convert surplus natural gas into lower-carbon fuel. The floating production, storage and offloading (FPSO) concept is designed to process up to 3 million cubic meters of gas... Continue Reading →

February 12, 2026 0

MODEC cuts first steel on Hammerhead FPSO project ahead of schedule

Feb. 11 (oilnow.gy) MODEC has completed the first steel cutting for the Hammerhead floating production, storage and offloading (FPSO) vessel more than a month ahead of schedule. MODEC made the announcement today via LinkedIn. The steel cut ceremony marked the start of fabrication at BOMESC Offshore Engineering Company Limited in Tianjin, China. The FPSO is being... Continue Reading →

February 11, 2026 0

Petrobras’ Oil and Gas Production Grows 11% and Reaches 3 Million Barrels in 2025

Feb. 10 - Petrobras' total oil and natural gas production exceeded the upper limit of its target by 2.8 percentage points (+4%), reaching 2.99 million barrels of oil equivalent per day (boed), representing an 11% increase compared to 2024 production. In 2025, Petrobras achieved its best result in the last ten years by adding 1.7... Continue Reading →

February 11, 2026 0

Petrobras platform P-79 arrives at the Búzios field

Feb. 10 - Petrobras's P-79 platform, an FPSO-type unit, arrived at the Santos Basin pre-salt this weekend, according to the planned schedule. The unit was towed to its location with the crew on board, a successful strategy already used with P-78 to reduce the time to start production. "Embarking the crew during the voyage to the location allows... Continue Reading →

February 10, 2026 0

Norway’s Equinor plans sharp increase to international oil and gas output by 2030

Feb 10 (Reuters) - Equinor's international oil and gas portfolio will return to growth in the next few years as the Norwegian energy group targets sharply increased output abroad by 2030, its head of foreign operations told Reuters. After recent divestment of onshore assets in Argentina, Equinor now produces oil and gas in seven countries outside Norway, down... Continue Reading →

February 10, 2026 0

Seatrium Unit Launches Arbitration Against Petrobras over FPSO Contract

Feb. 10 - Seatrium, through its wholly owned subsidiary Jurong Shipyard, has started arbitration proceedings against Petrobras Netherlands in connection with a legacy contract for the conversion of the P-54 floating production, storage and offloading vessel (FPSO). The dispute relates to a settlement agreement reached in 2008 following amendments to the original 2004 contract. Under... Continue Reading →

February 10, 2026 0

BP Profit Climbs 32% as Company Suspends Buybacks

Feb. 10 (Reuters) BP posted quarterly profit in line with analyst expectations on Tuesday and suspended its share buyback programme as it wrote down around $4 billion in its renewables and biogas businesses. BP, whose new CEO Meg O'Neill will start in April, said it would allocate the excess cash to invest in oil and... Continue Reading →

February 10, 2026 0

Transocean to Acquire Valaris for $5.8B

Feb. 9 (Reuters) Oilfield services firm Transocean said on Monday it will acquire peer Valaris in an all-stock deal valued at $5.8 billion, expanding its exposure across deepwater, harsh-environment and shallow-water basins worldwide. Transocean shares were down 4% at $5.16, while Valaris shares were up 14.6% at $71.61 in premarket trade. Oilfield service providers have... Continue Reading →

February 9, 2026 0

Blog at WordPress.com.

Up ↑

Category: Deepwater

Brazilian Government Releases Strategic Sectors of Pre-Salt Fields and Enable Largest Auction in History of the Production Sharing Regime

Jumbo Offshore completes mooring line installation for Errea Wittu FPSO mooring spread for ExxonMobil Guyana Ltd. at Uaru Field, Stabroek Block, Offshore Guyana

BW Offshore, McDermott Unveil Blue Ammonia FPSO Concept

MODEC cuts first steel on Hammerhead FPSO project ahead of schedule

Petrobras’ Oil and Gas Production Grows 11% and Reaches 3 Million Barrels in 2025

Petrobras platform P-79 arrives at the Búzios field

Norway’s Equinor plans sharp increase to international oil and gas output by 2030

Seatrium Unit Launches Arbitration Against Petrobras over FPSO Contract

BP Profit Climbs 32% as Company Suspends Buybacks

Transocean to Acquire Valaris for $5.8B

Archives

Contact Us