ExxonMobil’s new oil discovery off Guyana could underpin future development

U.S.-headquartered energy giant ExxonMobil has made a significant new oil discovery at the Stabroek block, which boosts the block’s hydrocarbon resources, fortifying the oil major’s existing portfolio of extensive development opportunities offshore Guyana. The new oil discovery, made at the Fangtooth SE-1 well on the Stabroek block, was disclosed on Wednesday, 25 January 2023, by ExxonMobil’s partner... Continue Reading →

January 26, 2023 0

Petrobras takes DOF vessel for ops in Brazil

Thanks to the award of a long-term charter contract, Norway’s DOF Group has secured work in Brazil for one of its anchor handling tug supply (AHTS) vessels. DOF disclosed on Wednesday, 25 January 2022, that Petrobras has awarded a four-year firm charter contract to its Brazilian affiliate, Norskan Offshore, for the AHTS Skandi Ipanema to operate as AHTS-TS... Continue Reading →

January 25, 2023 0

Petrobras Turns to Vallourec for OCTG Solutions

Vallourec has signed a long-term agreement with Petrobras for OCTG (Oil Country Tubular Goods) solutions. The three-year agreement covers the supply of OCTG Premium products, associated accessories, and specialized physical and digital services, representing a volume of supply above 110kt of products and accessories. These products, associated accessories, and physical and digital services will support... Continue Reading →

January 25, 2023 0

U.S. Grants License to Trinidad and Tobago to Develop Venezuela Offshore Gas Field

(Reuters) The Biden administration has granted a license to Trinidad and Tobago to develop a major gas field located in Venezuelan territorial waters, U.S. and Trinidad officials said on Tuesday, marking a further easing of some sanctions on Venezuela. The license, issued by the U.S. Treasury Department at Trinidad's request and intended to enhance Caribbean... Continue Reading →

January 25, 2023 0

Hess Expects Higher 2023 Spending with Focus on Guyana, Bakken

(Reuters) U.S. oil and gas producer Hess Corp on Tuesday forecast higher Exploration & Production (E&P) capital and exploratory budget of $3.7 billion for 2023, of which more than 80% would be allocated to Guyana and North Dakota's Bakken shale field. The company forecast 2022 E&P capital and exploratory expenditures of about $2.7 billion. The... Continue Reading →

January 24, 2023 0

Suriname’s Oil Boom Hits A $10 Billion Snag

(OP) A series of high-quality oil discoveries in Block 58 offshore Suriname combined with investment bank Morgan Stanley estimating that the block contains 6.5 billion barrels of oil sparked optimism that Suriname will replicate Guyana’s immense oil boom. This is bolstered by evidence that the U.S. Geological Survey grossly underestimated the Guyana-Suriname Basin’s oil resources. Disappointingly, after... Continue Reading →

January 23, 2023 0

Oil Rig That’s Treading Water Is Costing Petrobras $1 Million a Day

(Bloomberg) -- The conflict between Brazil’s ambitions to become a more responsible environmental steward while also ramping up lucrative oil exports has turned into an early test for President Luiz Inacio Lula da Silva. Off the coast of northern Brazil where the Amazon River enters into the South Atlantic, state-controlled oil giant Petroleo Brasileiro SA... Continue Reading →

January 21, 2023 0

Borr’s Jack-up Rig “Ran” to Drill Two Offshore Wells in Latin America

Shallow water drilling contractor Borr Drilling said Friday its jack-up drilling rig "Ran" had secured a Letter of Award from an unnamed client for work in Latin America. The award will cover drilling two offshore wells, with an estimated duration of 200 days on a dry-hole case and up to 460 days on asuccess case. ... Continue Reading →

January 20, 2023 0

Nauticus Robotics kick-starts its international expansion with new operating bases

Nauticus Robotics has initiated operations in Norway and the United Kingdom, marking the start of its international expansion strategy for 2023 and beyond with the initiation of its operations. The U.S. company said that the operating bases are strategically located in Stavanger, Norway, and Aberdeen, Scotland to service the North Sea offshore market. According to Nauticus... Continue Reading →

January 19, 2023 0

Perenco plans to increase Pargo production by 25% by the end of 2023

(epbr) Perenco announced this Wednesday the departure of the FSO Pargo platform from a shipyard in Dubai, in the United Arab Emirates, heading to the Pargo field, in shallow waters in the Campos Basin. The unit is part of the concession's production recovery project, which foresees investments of US$ 400 million and promises to increase... Continue Reading →

January 18, 2023 0

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Category: Offshore Activity

ExxonMobil’s new oil discovery off Guyana could underpin future development

Petrobras takes DOF vessel for ops in Brazil

Petrobras Turns to Vallourec for OCTG Solutions

U.S. Grants License to Trinidad and Tobago to Develop Venezuela Offshore Gas Field

Hess Expects Higher 2023 Spending with Focus on Guyana, Bakken

Suriname’s Oil Boom Hits A $10 Billion Snag

Oil Rig That’s Treading Water Is Costing Petrobras $1 Million a Day

Borr’s Jack-up Rig “Ran” to Drill Two Offshore Wells in Latin America

Nauticus Robotics kick-starts its international expansion with new operating bases

Perenco plans to increase Pargo production by 25% by the end of 2023

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