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(Reuters) - More than 12 oil companies, including Exxon, Shell and Brazil's national oil company, have expressed interest in buying a 40% stake in Galp Energia's major oil discovery offshore Namibia, sources close to the sale process said. Galp's Mopane discovery, which is estimated to hold at least 10 billion barrels of oil and gas equivalent,... Continue Reading →
(Zack's) Petrobras PBR, the state-controlled oil company in Brazil, has once again delayed the bid submission deadline for chartering a floating production, storage and offloading (FPSO) vessel aimed at revitalizing operations in the Barracuda-Caratinga field within the Campos Basin. This recurring postponement reflects PBR's ongoing challenges in garnering sufficient interest from floater companies for its bidding... Continue Reading →
(OE) Brazilian oil and gas company Enauta has terminated the contract to acquire the floating production, storage, and offloading (FPSO) unit Cidade de Santos from MODEC, announced in relation with the acquisition of Uruguá and Tambaú fields from Petrobras. In December 2023, Enauta entered into $48.5 million agreement with MODEC to buy the FPSO Cidade... Continue Reading →
(Offshore-energy.biz) Switzerland-based offshore drilling contractor Transocean has gotten down to business in Brazil, where its newbuild ultra-deepwater drillship set the ball rolling on its inaugural drilling assignment with the country’s state-owned energy giant Petrobras. Following a purchase agreement at the end of 2022 for the acquisition of the Deepwater Aquila (ex-West Aquila) drillship for $200 million from Hanwha Ocean,... Continue Reading →
(OE) MODEC and Terra Drone Corporation have entered into a joint research and development agreement to enhance inspection drones for floating production, storage and offloading (FPSO) vessels. The agreement follows the memorandum of understanding signed by the companies in November 2023. Since, MODEC has continuously utilized Terra Drone’s drone technology to measure the hull thickness... Continue Reading →
Philip Lewis, Contributor Examining similarities and differences between the deepwater oil & gas and the emerging floating wind segment. (OE) There has been much excitement around the potential for the offshore wind industry to access deeper water sites through the deployment of floating wind technology. Further, there has been much discussion around the development and deployment... Continue Reading →
(Offshore-energy.biz) Joint venture (JV) partners, Canada’s CGX Energy and Frontera Energy, are seeking to undertake additional action to tap into and unleash the hydrocarbon resources on the Corentyne block offshore Guyana, given the potential for a standalone shallow oil resource development across the block, which their exploration results highlighted. As a result, the JV has... Continue Reading →
(OE) TotalEnergies has signed an agreement to acquire a 60% interest and operatorship in Block STP02, offshore Sao Tome and Principe, from the Agência Nacional do Petroléo de S. Tomé e Principé (ANP-STP). The remaining interest will be held by the existing license holders, Sonangol (30%) and ANP-STP (10%). Located within an emerging basin, 60... Continue Reading →
(Reuters) A strike by environmental workers in Brazil is already impacting Petrobras' operations in three offshore oil fields, the state-run firm told Reuters on Wednesday. There have been delays in developing production in the Mero, Buzios and Marlin fields, assets that require approval from the environmental agency Ibama to increase production. Since January, Ibama employees... Continue Reading →
(OE) Norwegian seismic firm TGS has announced a new campaign for offshore wind and metocean measurement located in Morro Bay, off the U.S. West Coast. This initiative further expands the company's pioneering multi-client wind and metocean measurement initiatives in key global offshore wind regions. The campaign seeks to greatly enhance the industry's understanding of offshore... Continue Reading →
Brazil Energy Insight 