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(OE) MODEC has signed an agreement with Shell for the operations and maintenance of the floating production, storage and offloading (FPSO) vessel, to be deployed at Gato do Mato deepwater field off Brazil, for a period of 20 years. The agreement follows the execution of the Front-End Engineering Design (FEED) contract, which was awarded to... Continue Reading →
(OE) A final investment decision (FID) for the Sea Lion development offshore the Falkland Islands could be reached in mid-2025, according to Rockhopper, which is partner in the project with the operator Navitas Petroleum. Navitas continues to estimate Capex to first oil on phase 1 of c$1.4 billion and in this regard has entered into... Continue Reading →
(OE) Shell Brasil Petróleo, a subsidiary of Shell, has taken the Final Investment Decision (FID) for Gato do Mato, a deepwater oil and gas project in the pre-salt area of the Santos Basin, offshore Brazil. The Gato do Mato Consortium includes Shell (operator with a 50% stake), Ecopetrol (30%), TotalEnergies (20%) and Pré-Sal Petróleo... Continue Reading →
(oilnow.gy) The global oil industry is changing, with Guyana’s production rising quickly while Mexico’s output declines. This is according to Adrian Duhalt, a fellow at the Texas-Mexico Center at the Southern Methodist University, who pointed out their contrasting paths. “Guyana’s oil production is on a promising trajectory. With substantial increases expected in the coming years,... Continue Reading →
(OE) Norwegian offshore supply vessel operator DOF Group has secured a ‘very large’ subsea umbilical, riser, and flowline (SURF) project for an undisclosed energy company offshore Africa. Under the contract, DOF will deliver its full suite of project management, engineering, logistical and execution services to install flexible flowlines, risers, cables and associated subsea structures. DOF... Continue Reading →
(OE) Amplus Energy Services has entered into a strategic partnership with V.Ships Offshore to oversee the transition of the Petrojarl I, a newly acquired floating production storage and offloading (FPSO) vessel. In February, Amplus finalised the acquisition of the Petrojarl I from UK-based Altera Infrastructure - a key milestone that marks the company’s first FPSO... Continue Reading →
(PN) In a last-ditch effort to take home a billion-dollar contract and enter the Brazilian market, Indian company Shapoorji Pallonji Energy filed an appeal with Petrobras to try to reverse the cancellation of the bidding process for the new Barracuda and Caratinga FPSO. The bidding process for the platform was launched in August 2023. Only... Continue Reading →
(OE) SBM Offshore has entered into a global collaboration agreement with Microsoft to develop standardized, AI-powered carbon-free floating power solutions to address the growing needs for reliable, affordable, carbon-free electricity. This collaboration is set to transform industrial electrification by combining SBM Offshore’s deep expertise in scalable ocean energy infrastructure and Microsoft’s leadership in AI, cloud... Continue Reading →
(OE) The ABS-classed Liza Unity has become the first FPSO in the world to receive the SUSTAIN-2 notation from ABS. The notation is the next level in the vessel sustainability program developed by ABS to help fleets meet the environmental and human elements requirements contained in the strategic Sustainable Development Goals (SDGs) from the United Nations. Liza Unity was the first... Continue Reading →
(Reuters) - The eighth energy project in Guyana of a consortium led by U.S. major Exxon Mobil will produce up to 1.5 billion cubic feet per day (bcfd) of natural gas and 290,000 barrels per day on condensate through a floating production facility that will have capacity to export the fuel, the group told the government.... Continue Reading →
Brazil Energy Insight 