MODEC’s Brazil-bound FPSO to get training simulator for critical operating procedures

(Offshore Energy) Japan’s FPSO provider MODEC has hired Inprocess, a Spain-headquartered process simulation services and consulting company, for the provision of a new Emulated Operator Training Simulator (OTS) solution for a floating production storage and offloading (FPSO) vessel bound for Brazil. Inprocess reported last Friday that it had been awarded a deal for the development... Continue Reading →

Hunting Wins Work at Exxon’s Yellowtail Project Offshore Guyana

(OE) Oilfield services group Hunting has won a contract to provide titanium stress joints for ExxonMobil's Yellowtail oilfield development project in the Stabroek Block offshore Guyana. Hunting said its Direct Pull-Through installation methodology is intended to simplify installation and enhance safety during project execution. “Hunting is extremely excited for the opportunity to use our worldwide,... Continue Reading →

South America’s Newest Oil Boom Is Gaining A War Time Boost

President Joe Biden’s decision to ban Russian energy imports to the U.S. is boosting the outlook for South America’s newest oil-producing nation Guyana as well as neighboring Suriname. The deeply impoverished microstates share the offshore Guyana-Suriname Basin where global energy supermajor ExxonMobil with its partners has made a slew of quality petroleum discoveries in offshore Guyana’s Stabroek... Continue Reading →

ExxonMobil maintains breakneck Stabroek pace

The major will proceed with Yellowtail, its largest Guyanese project to date (PE) ExxonMobil has taken FID on the Yellowtail development offshore Guyana, following government and regulatory approvals. The major expects Yellowtail, its fourth development in the prolific Stabroek block, to produce around 250,000bl/d starting in 2025. Yellowtail has an estimated recoverable resource of 900mn... Continue Reading →

Petrobras on divestment of the Marlim Cluster

Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 12/14/2020, informs that its Executive Board has approved the end of the competitive process, which was in the non-binding phase, for the sale of 50% of its stake in the Marlim, Voador, Marlim Leste and Marlim Sul concessions, jointly denominated Marlim Cluster, predominantly... Continue Reading →

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