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(OED) The Malaysian FPSO leasing company Yinson has completed the 16-year contract for FPSO Adoon in Nigeria as the client Addax decided to buy the FPSO. The contract for the FPSO which has been operating at Block OML 123 offshore Nigeria, had an original term of 8 years until 2014, with the option to extend... Continue Reading →
(OE) Welligence expects global offshore exploration drilling activity in 2023 to remain relatively steady year-on-year. The majors will drive much of the activity in their core regions, along with Petrobras, the world’s leading deepwater operator. And while there are far fewer independents active in the offshore today compared to 10 years ago, Welligence still anticipates... Continue Reading →
Dutch Strohm has secured a second contract with U.S. oil and gas giant ExxonMobil for the delivery of thermoplastic composite pipe (TCP) jumpers for a field development located offshore Guyana. The award, said to mark Strohm’s largest order so far, will see the delivery of more than 24 of the company’s Jumper on Demand jumpers... Continue Reading →
(AP) — A fifth major offshore oil field being developed by a consortium led by ExxonMobil at an estimated cost of $12.7 billion will add another 1.3 billion barrels of recoverable oil reserves to the 10-billion barrel Guyana-Suriname basin, the Guyanese government said Tuesday. The Uaru-Mako project currently under review could come on stream in... Continue Reading →
Forum Energy Technologies (FET) has delivered three work-class remotely operated vehicles (ROVs) to Brazil-based OceanPact for deployment on Petrobras’ oilfields. The three 200HP Perry XLX-C ROVs, manufactured at FET’s UK facility at Kirkbymoorside, North Yorkshire, will be deployed on two of OceanPact’s vessels to support inspection, repair and maintenance (IRM) services for the oilfields of Brazil’s... Continue Reading →
(OET) The partners in the innovative industry-led project that aims to demonstrate the effectiveness of renewable energy for powering subsea production systems and vehicles are getting ready to demonstrate the integrated system offshore Orkney in Scotland. The project, dubbed ‘Renewables for Subsea Power’, is being developed by Verlume, Baker Hughes, Mocean Energy, and Transmark Subsea. It will combine Verlume’s Halo seabed... Continue Reading →
Offshore drilling company Transocean is looking to raise $500 million through a private offering of senior secured notes due in 2028. The offshore drilling contractor said Monday that its subsidiary, Transocean Titan Financing Limited (“Transocean Titan”), had started the private offering. According to the company, the notes will be guaranteed by Transocean Ltd., Transocean Inc.,... Continue Reading →
French offshore seismic data company CGG has announced the start of a new Foz do Amazonas 3D seismic reimaging project. This project is meant to support Brazil's Permanent Offer initiative in the Equatorial Margin. Supported by industry funding, the project is expected to complete by the end of 2023. CGG said that the related fast-track... Continue Reading →
(PH) Petrobras to launch as soon as possible the notice for the charter of the two Floating Storage and Transfer Units (FPSOs) for Sergipe Aguas Profundas (SEAP). According to the website, the state-owned company intended to publish the notice at the end of last year awaiting the approval of the project's partners, the companies Bharat... Continue Reading →
Petro Rio S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of December. Key: (1) The MUP3A well, in the Frade Field, had its production temporarily interrupted due to a failure in the completion equipment, with expected resumption in 1Q23.... Continue Reading →
Brazil Energy Insight 