Oct. 6 - MODEC has held a first steel-cutting ceremony for the Gato do Mato floating production, storage and offloading (FPSO) unit, which will be deployed at Shell’s field offshore Brazil. The ceremony was held at the COSCO Qidong Shipyard, marking the start of construction of the the aft block of next-generation hull for the... Continue Reading →
Brazilian offshore oil asset pair turning off the taps next month for scheduled maintenance
Oct. 3 (offshorte-energy.biz) The production mode at two oil-producing assets off the coast of Brazil is weeks away from being switched off, enabling operators to undertake planned maintenance activities in their chosen Campos Basin fields. South America’s Brava Energia has revealed that the output from its Papa-Terra field in the Campos Basin will be halted for up... Continue Reading →
Petrobras begins contracting for the construction of FPSO Búzios 12
Oct. 3 - Petrobras began the contracting process for the construction of FPSO Búzios 12, which will be installed in the Santos Basin, in the state of Rio de Janeiro. The new unit, P-91, will be the 12th platform assigned to the Búzios field, consolidating it as the company's largest producing field and increasing its importance in supplying natural gas in the country. Búzios... Continue Reading →
Brava Energia Production Data for September 2025
BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), informs its investors and the market in general the preliminary and unaudited production data for the month of September 2025. With the September result, Brava achieved an average daily production of 91.8 thousand boe in the third quarter of 2025 (3Q25), an increase of 7% when compared... Continue Reading →
Construction of Vaca Muerta pipeline in Argentina is 35% complete official says
Sept 30 (Reuters) - The construction of a flagship pipeline to transport oil output from Argentina's Vaca Muerta shale region to the coast is 35% complete, the country's head of energy, Daniel Gonzalez, said at a conference on Tuesday. The 437-kilometer Vaca Muerta South pipeline by a holding company led by state-controlled YPF will connect Argentina's most important... Continue Reading →
Brava Energia on closing of the purchase and sale transaction of gas midstream infrastructure with Petroreconcavo
BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, and following the Material Fact disclosed on May 5, 2025, informs its investors and the market in general that the Asset Purchase and Sale transaction (“Agreement”) with PETRORECONCAVO S.A. (“PetroReconcavo”), regarding the sale of 50% of the gas midstream infrastructure in... Continue Reading →
Guyana’s First: Saipem Builds Complex Subsea Structure for ExxonMobil’s Uaru Field
Oct. 1 (OE) Saipem has completed the first complex subsea structure ever built in Guyana, set for deployment at ExxonMobil’s Uaru field, marking a key milestone in the development of the Country's industrial capabilities in the subsea sector. This is the Pipeline End Termination (PLET), a terminal structure installed at the end of a subsea... Continue Reading →
SBM Starts Construction of FSO for Trion Oil Field off Mexico
Sept. 25 (OE) Dutch-based SBM offshore has cut the first steel for Chalchi floating storage and offloading (FSO) at COSCO Shipyard in China, marking the start of construction of the unit bound for deployment at Trion deepwater oil field, offshore Mexico. The FSO’s name, Chalchi, is inspired by Chalchiuhtlicue, the Aztec water deity, symbolizing the... Continue Reading →
Equinor Completes Shallow-Water Section of the Raia Project Gas Pipeline
Sept. 23 (PN) Equinor has completed the 15-km shallow-water section of the Raia Gas Pipeline. The 200-kilometer line will connect the Raia FPSO to the gas transmission network near Cabiúnas, in Macaé, Rio de Janeiro. Operations are scheduled to begin in 2028. Installation of the shallow-water section took approximately two months. In the next stage,... Continue Reading →
Exxon greenlights $6.8 billion investment for Hammerhead project in Guyana
Sept 22 (Reuters) - Exxon Mobil said on Monday it greenlit funding its seventh development project in Guyana called Hammerhead, bringing its oil joint venture another step closer to its goal of producing 1.7 million barrels of oil equivalent per day by 2030 from the country. The prolific Stabroek Block off the coast of Guyana is... Continue Reading →