U.S. has assured Guyana of support for territorial integrity, amid tensions with Venezuela – VP Jagdeo

Dec. 19 (oilnow.gy) Guyana’s Vice President Bharrat Jagdeo said on Thursday that the United States has assured Georgetown it will support and protect the country’s territorial integrity, including American assets operating in Guyanese waters, amid heightened tensions between Washington and Caracas. During a press conference in Georgetown, Jagdeo responded to questions about the possibility of... Continue Reading →

December 19, 2025 0

NOV wins ExxonMobil Guyana contract for heated subsea system at Hammerhead

Dec. 19 (oilnow.gy) U.S. oilfield equipment maker NOV Inc. announced that it won a third-quarter contract from ExxonMobil Guyana to supply an actively heated flexible pipe system for the Hammerhead field development offshore Guyana. NOV said the scope of work includes the design, engineering, procurement, fabrication and testing of a complete flexible pipe system, expected... Continue Reading →

December 19, 2025 0

Petrobras Approves Final Investment Decision for the Development of the Sergipe Deepwater Project Module 2

Dec. 19 - Petrobras has approved the final investment decision for the development of the Sergipe Deepwater Project Module 2 (SEAP II), in the Sergipe-Alagoas Basin. The project is strategic for expanding the availability of domestic gas, as well as opening a new production frontier in the Northeast region. The SEAP II project encompasses deposits... Continue Reading →

December 19, 2025 0

EIA: Brazil, Guyana, Argentina Driving 2026 Oil Output Growth

Dec. 18 (oilprice.com) Brazil, Guyana, and Argentina are set to be major drivers of non-OPEC oil supply growth in 2026, accounting for half of the expected 0.8 million barrels per day (b/d) increase in 2026 the U.S. Energy Information Administration has predicted. According to the energy watchdog, Brazil's growth will mainly be driven by new offshore... Continue Reading →

December 18, 2025 0

SBM Offshore Nets Lease Extensions for Angola FPSOs with ExxonMobil Unit

Dec. 18 (OE) SBM Offshore has signed a contract extension related to the lease and operation of floating production, storage and offloading (FPSO) units Mondo and Saxi Batuque with ExxonMobil’s Angolan subsidiary. The extension secures ownership and operations by SBM Offshore until 2032 for the FPSOs in Block 15 offshore Angola, operated by Esso Exploration... Continue Reading →

December 18, 2025 0

Sergipe Deepwater Project Reinforces Expansion of Gas Supply in Brazil

Dec. 15 (TN) Last week, the Ministry of Mines and Energy (MME) and the Energy Research Company (EPE) released the Natural Gas Booklet of the Ten-Year Energy Expansion Plan 2035 (PDE 2035). The document projects a significant increase in national gas production, driven mainly by the pre-salt layer and new initiatives with offshore processing, such... Continue Reading →

December 15, 2025 0

ABS Approves MISC and China Offshore’s Ammonia FPSO Design

Dec. 15 (OE) MISC and China Offshore Engineering & Technology Company have received the Approval in Principle (AiP) from the American Bureau of Shipping (ABS) for their design of an ammonia floating production storage and offloading (FPSO). This innovative floater solution adapts proven onshore production technology for offshore operations, transforming unutilized hydrocarbon gas from nearby... Continue Reading →

December 15, 2025 0

Sea Lion Oil Project in Falkland Islands Gets Green Light

Dec. 10 (OE) Rockhopper Exploration has taken a final investment decision (FID) on Phase 1 of the Sea Lion oil development north of the Falkland Islands, allowing the long-delayed project to proceed after securing financing commitments and regulatory approvals. Partner and operator Navitas Petroleum has also approved FID. Rockhopper said both boards have approved financing... Continue Reading →

December 10, 2025 0

Bourbon Inks Multi-Year PSV Deal with ExxonMobil in Guyana

Dec. 10 (OE) French offshore services provider Bourbon has signed a five-year contract, with extension options, with ExxonMobil Guyana (EMGL) to provide maritime services in Guyana. It will start in the first quarter of 2026, with the commissioning of the large platform supply vessel (PSV) Bourbon Calm and covers the transport of products essential to... Continue Reading →

December 10, 2025 0

Shell Seeks Buyer for 20% Stake in Brazilian Oilfield Cluster

Dec. 9 (Reuters) Shell is seeking a buyer for a 20% stake in its Brazilian oilfield cluster to help fund a multibillion-dollar offshore development, Bloomberg News reported on Tuesday, citing sources. Shell declined to comment on the report, when contacted by Reuters. Shell held a 50% stake in Gato do Mato, which is a deepwater project offshore Brazil, and... Continue Reading →

December 9, 2025 0

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Category: Floating Production

U.S. has assured Guyana of support for territorial integrity, amid tensions with Venezuela – VP Jagdeo

NOV wins ExxonMobil Guyana contract for heated subsea system at Hammerhead

Petrobras Approves Final Investment Decision for the Development of the Sergipe Deepwater Project Module 2

EIA: Brazil, Guyana, Argentina Driving 2026 Oil Output Growth

SBM Offshore Nets Lease Extensions for Angola FPSOs with ExxonMobil Unit

Sergipe Deepwater Project Reinforces Expansion of Gas Supply in Brazil

ABS Approves MISC and China Offshore’s Ammonia FPSO Design

Sea Lion Oil Project in Falkland Islands Gets Green Light

Bourbon Inks Multi-Year PSV Deal with ExxonMobil in Guyana

Shell Seeks Buyer for 20% Stake in Brazilian Oilfield Cluster

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