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(OE) Energy industry services firm EnerMech has been selected to carry out pre-commissioning work on the ONE Guyana FPSO for Guyana Deepwater Operations, SBM Offshore’s subsidiary in Guyana. The FPSO is currently on its way to Guyana, having departed Singapore in February, and is set to arrive to its destination later in 2025. It will... Continue Reading →
(OM) Seadrill has reported a current overall order backlog of $3 billion, while Velesto reported $158.8 million in orders. Meanwhile, last week competitor Noble reported it added $525 million of contracts to its drilling backlog. Seadrill’s West Polaris drilllship has started a contract with Petrobras offshore Brazil, following a delay caused by commissioning and testing of upgraded equipment. Another of the... Continue Reading →
(oilprice.com) Petrobras is beefing up its offshore game, throwing four more support vessels into the mix by 2026—bringing the grand total to 48. Brazil’s state-run oil company is gearing up to boost production to 2 million barrels per day (bpd) at the Buzios field by 2030, cementing Brazil’s status as an offshore oil heavyweight. Petrobras... Continue Reading →
Australian oil company Karoon announced that it has signed a Sale and Purchase Agreement (SPA) with Altera & Ocyan to acquire 100% of FPSO Cidade de Itajaí for $115 million, plus approximately $8 million in transaction costs. The unit operates in the Baúna field, which is fully operated by Karoon. The agreement is subject to... Continue Reading →
(OE) MODEC has entered into a Front End Engineering and Design (FEED) contract with Samsung E&A for the installation of carbon capture technology on a floating, production, storage and offloading (FPSO) vessel. The offshore carbon capture project envisages the installation of a carbon capture module on a MODEC FPSO vessel as a pilot, and it will... Continue Reading →
The FPSO Bacalhau arrived at its final destination this Saturday, February 22. The vessel was built to operate in the Bacalhau field, located in the pre-salt layer of the Santos Basin, approximately 185 km off the coast of the municipality of Ilhabela, in the state of São Paulo. MODEC, responsible for the design, construction and... Continue Reading →
(OE) Galp, together with its partners NAMCOR and Custos, has hit oil and gas in another well drilled at PEL83 license at Orange Basin, offshore Namibia. The Joint Venture partners have drilled, cored and logged the Mopane-3X well (Well #5) which spud on January 2, 2025 as part of the second exploration and appraisal campaign... Continue Reading →
(offshore-energy.biz) Switzerland-headquartered offshore pipeline installation, heavy lift, and subsea construction contractor Allseas has put the wheels into motion to get ready for its new assignment on Brazil’s second largest oil field. With its headquarters in Switzerland and central engineering and project management office in the Netherlands, Allseas has opened a new project management and engineering... Continue Reading →
(Reuters) Guyana expects to soon sign an oil production-sharing agreement with a consortium led by France's TotalEnergies will allow it to explore an offshore area, Energy Minister Vickram Bharrat told Reuters. Guyana is the world's fastest-growing oil-producing country and is on course to reach capacity of 940,000 barrels per day this year - nearly 1%... Continue Reading →
(Reuters) Suriname's Staatsolie needs to secure an unprecedented $1.5 billion in bank financing this year to ensure it can participate in the country's Gran Morgu energy project, the head of the state-owned company told Reuters. The project, led by TotalEnergies, is Suriname's first major offshore project. The country has discovered reserves that may allow it... Continue Reading →
