(Offshore-energy.biz) UK-headquartered AIS has secured multiple contracts to supply a comprehensive range of subsea ancillary solutions on a “major” deepwater oil field development located in the Santos Basin, off the coast of Brazil. The contracts are from several engineering, procurement, construction, and installation (EPCI) and original equipment manufacturer (OEM) companies. The contracts involve providing various critical subsea... Continue Reading →
Ibama grants approval for support vessels that will be used in the installations of FPSO Almirante Tamandare
(PN) The Brazilian Environmental Institute (Ibama) issued approval for the use of support ships CBO Endeavour, Normand Maximus and Siem Emerald during the installation of the platform ship (FPSO) Almirante Tamandare. The expectation is that the first oil from the FPSO will be extracted in 2025. The vessel is still under construction by SBM Offshore... Continue Reading →
Oilfield services firms SLB, Halliburton post profit gains on international demand
(Reuters) - Top U.S. oilfield service firms SLB and Halliburton posted higher quarterly profits on Friday helped by strong global demand, but they warned of softer activity in North America for the second half of this year. Oilfield service providers have in recent quarters bet on growth overseas, particularly in the Middle East and Asia, as well... Continue Reading →
DOF Group Wins Multiple Deals with Petrobras in Brazil
(OE) Norwegian offshore supply vessel company DOF Group has secured multiple contracts with Petrobras for work offshore Brazil. AHTS Skandi Jupiter and AHTS Skandi Mercury, both under management contracts with DOF, have been contracted by Petrobras to operate as AHTS 230t BP after the same competitive tender process earlier this year that led to the... Continue Reading →
Hammerhead will be stand-alone development – Exxon project summary
(OilNow.gy) ExxonMobil’s Hammerhead development will be a “stand alone” project, according to the summary submitted to Guyana’s Environmental Protection Agency (EPA). Potentially, additional resources can be tapped, if determined to be feasible and economically viable, the document read. The proposed project will be located in the south central portion of the Stabroek Block, 160 kilometers (km) from... Continue Reading →
FPSO Bacalhau Becomes World’s First Newbuild with DNV Emissions Abatement Notation
(OE) MODEC has secured an Approval in Principle (AiP) for Abate Notation from classification society DNV for its FPSO Bacalhau, set for deployment at an Equinor-operated oil project offshore Brazil. In this project, a comprehensive assessment of greenhouse gas emissions abatement on FPSO Bacalhau was conducted according to DNV guidelines. The Abate notation requires stringent... Continue Reading →
Guyana seeks intel on environmental impacts of ExxonMobil’s seventh oil project
(Offshore-energy.biz) After ExxonMobil Guyana Limited (EMGL), a subsidiary of the U.S.-headquartered energy giant ExxonMobil, applied for environmental authorization to undertake the development of its seventh oil project in the Stabroek block, off the coast of Guyana, the country’s Environmental Protection Agency (EPA) has reviewed the application, concluding that it needs further insights into the potential... Continue Reading →
Future oil growth likely centered in Guyana-Suriname, GlobalData finds
(OilNow.gy) The oil and gas industry has long underpinned the global economy, with demand growing steadily except during the COVID-19 pandemic. New discoveries and massive oilfield reserves sustain global production, essential for meeting this demand. In May 2024, GlobalData conducted a poll to identify which oil field developments have the best short to medium-term prospects.... Continue Reading →
Petrobras re-starts exploratory drilling in the Jubarte field, Espirito Santo Basin
Petrobras restarted drilling an exploratory well, in the Jubarte field, in a water depth of 967 meters. The new well was given the technical name 4-BRSA-1392DA-ESS. Remember, when the original well is abandoned, operators drill a so-called repeat well, which has the same geological objectives. The technical name of the well is basically the same... Continue Reading →
Exxon plans to drill up to 30 wells for its seventh oil project in Guyana
(Reuters) - Exxon Mobil Corp plans to drill up to 30 wells as part of its seventh oil project in Guyana, named Hammerhead, according to the development plan proposed by the company and disclosed by the government on Monday. The project, which is pending government approval, would start production in 2029, lifting the country's capacity to... Continue Reading →