A further increase in the gross recoverable resources is anticipated at Guyana’s Stabroek Block, adding to the recently upgraded 9 billion boe estimate, according to Hess Corporation. Greg Hill, Chief Operating Officer, explained to investors on the company’s Q3 earnings call last week that the 9 billion barrels of oil equivalent (boe) upgrade that was... Continue Reading →
Mexico: Energy Minister Open to Pemex Farmouts
Mexican Energy Minister Rocio Nahle said on Monday so called farmouts, or joint ventures, could be done with state oil firm Petroleos Mexicanos if feasible projects are put forward, marking a potential shift from her previous skepticism. Nahle, one of the staunchest defenders of President Andres Manuel Lopez Obrador's drive for a more statist energy... Continue Reading →
Shearwater Secures Five-month Extension for Offshore Survey in Brazil
Seismic survey services company Shearwater GeoServices has won a five-month contract extension for CGG’s Brazil Nebula multi-client survey. This extension-period starts in the late fourth quarter of 2020 and will be conducted by the Oceanic Sirius vessel. To remind, Shearwater had first won the contract with CGG for the Nebula project in July 2020. In a separate... Continue Reading →
MODEC hires GranEnergia’s flotel for Brazil campaigns
Japan’s FPSO provider MODEC has contracted GranEnergia for the provision of its UMS Venus, a semi-submersible accommodation unit also known as flotel, to support its offshore maintenance campaigns in Brazil. GranEnergia said on Thursday that the UMS Venus will provide MODEC with a safe and stable platform, to execute its offshore maintenance campaigns scheduled for... Continue Reading →
Seabed Geosolutions Wins OBN Survey Work in Brazil
Ocean bottom seismic company Seabed Geosolutions has won a contract for a baseline 4D ocean bottom node (OBN) survey as well as a future 4D monitor OBN survey in Brazil. The project, for an unnamed client, is to be acquired in water depths greater than 2,200 meters and the baseline survey is scheduled to start... Continue Reading →
Exmar, YPF Settle Dispute, Terminate Tango FLNG Charter
Belgium-based shipowner Exmar has settled a dispute over the charter of the Tango FLNG with Argentinian energy firm YPF, that will see the FLNG charter terminated in exchange for a settlement fee. To remind, YPF in June sent a force majeure notice to Exmar, saying it was not able to pay for the charter of the... Continue Reading →
Petrobras on platform bidding
Petróleo Brasileiro S.A. – Petrobras informs that, given the economic context of the COVID-19 scenario, it postponed the Integrated Project of Parque das Baleias by about one year, with the start of operation and first oil to 2024, but preserving the scope of the project that foresees the relocation of wells between platforms in operation... Continue Reading →
KOTUG Anchor Handler Secures Offshore Work in Guyana
Dutch marine services and towage company KOTUG said it has been awarded a long-term contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) to provide offshore terminal towage support for operations in Guyana. KOTUG, through local entity KOTUG Guyana Inc., will employ a high-spec 130 tonnes bollard pull, DP-2 azimuth anchor-handling tug SD... Continue Reading →
ANP and PSA-Norway, Norway’s oil regulator, sign a memorandum of cooperation
The ANP signed a Memorandum of Cooperation with the Petroleum Safety Authority of the Kingdom of Norway (PSA-Norway). The agreement formalizes the Agency's cooperation with the Norwegian oil sector regulator, intensifying the sharing of experiences on supervisory practices that guarantee safe activities for the exploration and development of offshore oil resources. The partnership is based... Continue Reading →
Petrobras Taps Oceaneering for BOP Tethering Services
Subsea services provider Oceaneering has been awarded a BOP tethering services contract offshore Brazil with the Brazilian oil firm Petrobras. The scope of work under the contract includes data acquisition and real-time riser analysis for dynamic positioning rig operations for up to seven wells in water depths between 150 meters and 700 meters. The contract... Continue Reading →
Brazil Energy Insight 