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Wendy Laursen, Contributing Writer (OE) The intermittency of offshore wind power is both a challenge and an opportunity for green hydrogen production. There will be a new generation of platforms taking up space in offshore wind farms as hydrogen production is used to help balance power supply and demand. Green hydrogen could be produced at... Continue Reading →
In August, Petrobras obtained an environmental license from Ibama to begin seismic research activities in the Búzios Field, in the Santos Basin. This is the second OBN (Ocean Bottom Nodes) acquisition for the field, and the first for 4D monitoring The goal is to generate high-quality data, with cutting-edge technology, to improve the identification of... Continue Reading →
(offshore-energy.biz) DOF Subsea has secured a contract extension for its high-end subsea vessel that will keep the vessel busy until mid-2028. The new commitment for DOF’s Skandi Africa will run until May 2028 and will commence in direct continuation with the current commitment, which runs until February 2025. According to the company, the high-end subsea vessel... Continue Reading →
(OilNow..gy) Guyana’s next Stabroek Block development could potentially be ExxonMobil’s Longtail discovery, Vickram Bharrat, the country’s Minister of Natural Resources said. “They are already moving ahead with Hammerhead, and we have heard talks that Longtail will come after that,” he said. The Longtail-1 discovery in the Stabroek Block was drilled in 2018, encountering approximately 256... Continue Reading →
(OE) TDI-Brooks, a U.S.-based marine services company specializing in geotechnical and offshore survey projects, has completed a third-party geotechnical coring project for Geohidra in the Southern Gulf of Mexico. This operation took place aboard the MV Laguna Azule. During the campaign, TDI-Brooks conducted a total of 32 Cone Penetration Tests (CPTs) using their Neptune 3000... Continue Reading →
(Reuters) A development plan for Guyana's seventh offshore oil project is expected early next year, Natural Resources Minister Vickram Bharrat said on Wednesday, and would bring the South American nation's total oil production to more than 1.4 million barrels per day. The South American country has emerged as the fastest growing oil nation in the... Continue Reading →
(Reuters) State-run oil firm Petrobras has begun studies for the implementation of a new oil platform in Brazil's Buzios field, three sources with knowledge of the matter told Reuters. Each Buzios platform has an average cost of $3.5 billion, said a source, adding that the one under study would be a FPSO (floating production storage... Continue Reading →
(offshore-mag.com) Global expenditure on subsea facilities is set for a 10% compound annual growth rate (CAGR) from 2024 to 2027, according to research by Rystad Energy. The consultants project a total capex spend for the period of more than $42 billion. Some of the biggest investments are taking place in South America and Europe. In... Continue Reading →
(Reuters) - An oil production breakthrough that producers say can safely tap ultra-high pressure fields could put up to 5 billion barrels of previously inaccessible crude into production, analysts said. Chevron on Monday disclosed it had pumped first oil from a field at 20,000 pounds per square inch pressures, a third greater than any prior well. Its... Continue Reading →
(PN) SBM Offshore has completed a new stage in the construction of FPSO Alexandre de Gusmão, which will be installed in the Mero field, in the pre-salt layer of the Santos Basin. The Dutch company announced this week that the lifting campaign for the vessel's topside modules was successfully completed. Integration and commissioning activities continue... Continue Reading →
Brazil Energy Insight 