Brought to you by Quest Offshore & Southern Cone Consultants
(OE) Welligence expects global offshore exploration drilling activity in 2023 to remain relatively steady year-on-year. The majors will drive much of the activity in their core regions, along with Petrobras, the world’s leading deepwater operator. And while there are far fewer independents active in the offshore today compared to 10 years ago, Welligence still anticipates... Continue Reading →
Dutch Strohm has secured a second contract with U.S. oil and gas giant ExxonMobil for the delivery of thermoplastic composite pipe (TCP) jumpers for a field development located offshore Guyana. The award, said to mark Strohm’s largest order so far, will see the delivery of more than 24 of the company’s Jumper on Demand jumpers... Continue Reading →
(AP) — A fifth major offshore oil field being developed by a consortium led by ExxonMobil at an estimated cost of $12.7 billion will add another 1.3 billion barrels of recoverable oil reserves to the 10-billion barrel Guyana-Suriname basin, the Guyanese government said Tuesday. The Uaru-Mako project currently under review could come on stream in... Continue Reading →
(Reuters) - Guyana wants Indian companies to invest in its oil and gas sector as the South American nation aims to expand its nascent energy sector, a senior Indian foreign ministry official said on Tuesday. Guyana's President Mohamed Irfaan Ali and Suriname's President Chandrikapersad "Chan" Santokhi, who are visiting India, held discussions on Monday with... Continue Reading →
Figure 1: Courtesy Rystad Energy About the Author: Matt Hale is a Lead Analyst at Rystad Energy, based in Houston, Texas. He covers oilfield services including seismic, drilling, intervention, and abandonment markets. Offshore exploration and production (E&P) capital expenditures (capex) will shake off the pandemic-induced declines of the past two years and rebound by 20%... Continue Reading →
(Reuters) - The Fangtooth oil discovery in Guyana's waters is big enough to potentially require a platform for itself, which would be the seventh in the country, Hess Corp (HES.N) Chief Executive Office John Hess said in a conference on Thursday. Hess Corp is part of the Exxon Mobil Corp-led (XOM.N) consortium that has confirmed so far plans for... Continue Reading →
Offshore seismic data companies TGS and CGG on Wednesday announced the second phase of the Foz do Amazonas 3D multi-client survey, located in the offshore Brazil equatorial margin. This survey, covering 11,425 square kilometers, will broaden the region's 3D coverage and deliver additional high-quality data essential for the exploration efforts in the basin, the companies... Continue Reading →
(OP) Guyana’s offshore oil boom continues to gain momentum. It is the ExxonMobil-led consortium operating the 6.6-million-acre Stabroek Block offshore Guyana which stands to benefit the most from what analysts describe as the last great frontier offshore oil boom. The global energy supermajor has made over 32 world-class discoveries in the Stabroek Block and is... Continue Reading →
(OET) Westwood Global Energy, an energy market research and consultancy firm, has outlined that 2022 will have the highest floating production system (FPS) throughput capacity sanctioned since 2010, despite major project delays caused by multiple factors, including the supply chain inflationary pressure, which remains a concern in the future as well. Within its review of the... Continue Reading →
Brazilian state-run oil company Petroleo Brasileiro SA is struggling to get a license that it needs to drill the ultra-deep waters of the Foz do Rio Amazonas Basin this year as planned, a source close to the matter told Reuters on Thursday. Petrobras has been spending millions of dollars a day to mobilize personnel and... Continue Reading →
Brazil Energy Insight 