Allseas preps for huge subsea pipeline job at Brazil’s supergiant ultra-deepwater oil field

(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 →

February 24, 2025 0

Guyana’s oil output fell to 620,000 bpd in January, government says

(Reuters) - Guyana's average oil production fell to some 620,000 barrels per day in January from 656,000 bpd in December, the lowest monthly figure since August, the Natural Resources Ministry said on Friday in a report. A consortium led by U.S. oil major Exxon Mobil and involving Hess and China's CNOOC controls all crude and gas output in... Continue Reading →

February 22, 2025 0

Petrobras considers cancelling FPSO tender after high bid, sources say

(Reuters) - Brazil's state-run oil firm Petrobras (PETR4.SA), opens new tab is considering cancelling a tender to charter a production storage and offloading vessel (FPSO) from India's Shapoorji Pallonji Energy, two sources with knowledge of the matter told Reuters. The state-run firm believes the bid by the Indian shipbuilding firm was too high, at $1.5 million per... Continue Reading →

February 22, 2025 0

Agogo FPSO Set to Sail to Azule Energy’s Field Offshore Angola

(OE) The Agogo floating, production, storage and offloading (FPSO) unit is ready to set sail from Chinese shipyard to Azule Energy’s development offshore Angola. Yinson Production has officially named the Agogo FPSO at a grand naming and sail away ceremony held at Cosco Shipping Heavy Industry (Shanghai) shipyard in Shanghai, China. The vessel is now... Continue Reading →

February 20, 2025 0

Brava Energia to Connect Four More Wells to Atlanta FPSO

(Reuters) Brazil's Brava Energia will connect four more wells to its Atlanta field in the first half of 2025, as it starts shipping oil to commodity trading firm Trafigura under a supply deal for six million barrels. That will bring the total number of wells connected to its floating production storage and offloading unit (FPSO)... Continue Reading →

February 20, 2025 0

SBM Offshore’s 2024 Revenue Soars 35% to Record High

(Reuters) Dutch oil and gas services firm SBM Offshore's annual revenue jumped 35% to a record high in 2024, driven by the sale of its floating production, storage and offloading vessels (FPSO) in Suriname and Guyana, the company said on Thursday. SBM Offshore's shares rose 9.3% to 20.04 euros at 0851 GMT, their highest in... Continue Reading →

February 20, 2025 0

Four FPSOs operated by MODEC are among the 10 largest oil and gas producers in Brazil in 2024

(TN) According to recent data released in the Oil and Natural Gas Production Bulletin of the National Petroleum Agency (ANP), four FPSOs operated by MODEC are among the 10 largest producers in Brazil. The FPSO Guanabara MV31 stood out as the main oil and gas producer in 2024, maintaining the position it achieved in 2023.... Continue Reading →

February 19, 2025 0

Boost in oil reserves ahead of rig activity spotlights Angolan offshore block’s potential

(offshore-energy.biz) UK-headquartered and AIM-listed company Afentra has confirmed that hydrocarbon production from a block off the coast of Angola has been offset by a growth in reserves based on the latest Competent Person’s Report (CPR) for Block 3/05, conducted by ERC Equipoise (ERCE). Following its entrance into Angola in May 2023, the company disclosed a sale and purchase agreement (SPA)... Continue Reading →

February 19, 2025 0

Guyana, Dominican Republic Confer on Oil Drilling, Refining

(Reuters) Guyana and the Dominican Republic are making progress on accords for offshore oil and gas exploration and to build a fertilizer plant and potentially a refinery in the South American country, Dominican President Luis Abinader said on Tuesday. The countries signed a memorandum of understanding in 2023 to work on energy projects. The Caribbean country is interested in exploring Guyana's... Continue Reading →

February 19, 2025 0

ONE Guyana FPSO En Route to ExxonMobil’s Yellowtail Field

(Reuters) The fourth floating production facility to be operated by a consortium led by Exxon Mobil in Guyana has departed from Singapore on its route to the South American country's waters, according to a company executive and LSEG vessel tracking data seen on Tuesday. Once the floating production storage and offloading (FPSO) vessel is installed,... Continue Reading →

February 19, 2025 0

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Category: Floating Production

Allseas preps for huge subsea pipeline job at Brazil’s supergiant ultra-deepwater oil field

Guyana’s oil output fell to 620,000 bpd in January, government says

Petrobras considers cancelling FPSO tender after high bid, sources say

Agogo FPSO Set to Sail to Azule Energy’s Field Offshore Angola

Brava Energia to Connect Four More Wells to Atlanta FPSO

SBM Offshore’s 2024 Revenue Soars 35% to Record High

Four FPSOs operated by MODEC are among the 10 largest oil and gas producers in Brazil in 2024

Boost in oil reserves ahead of rig activity spotlights Angolan offshore block’s potential

Guyana, Dominican Republic Confer on Oil Drilling, Refining

ONE Guyana FPSO En Route to ExxonMobil’s Yellowtail Field

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