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(OE) BP has entered into an agreement with Perenco T&T to divest its Immortelle, Flamboyant, Amherstia and Cashima offshore gas fields and associated production facilities, as well the undeveloped resources from the Parang field in Trinidad and Tobago. BP Trinidad and Tobago operates and currently is the sole owner in each of the assets included... Continue Reading →
(offshore-energy.biz) Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, which currently invests in five business units – Yinson Production, Yinson Renewables, Yinson GreenTech, Farosson, and Regulus Offshore – has set the wheels in motion to part with the last affiliate on this list, which offers integrated offshore support vessel (OSV) services. Given Yinson’s strategic... Continue Reading →
(offshore-energy.biz) UK-headquartered energy technology provider TechnipFMC has put the finishing touches on its assignment at a gas-to-energy (GtE) project off Guyana’s Atlantic coast, which is envisioned to enable infrastructure buildout required to allow for natural gas to be transported from an oilfield in the waters of the prolific Stabroek Block to an integrated natural gas... Continue Reading →
(offshore-mag.com) Petrobras has signed an agreement to implement Dry-Flo technology in Brazil for the dry testing of deluge systems in its Búzios field FPSO units. This technology, developed by the Paradigm Group, has already seen global adoption across various players in the onshore and offshore markets. The contract was facilitated with support from Mi Fire, Paradigm’s local partner in... Continue Reading →
(offshore.mag.com) Harbour Energy expects to complete its acquisition of Wintershall Dea’s global E&P portfolio in early September. The process of satisfying the conditions to completion has been advancing, including the recent receipt of Mexico regulatory consents. Earlier this month, the Danish Energy Agency also approved the indirect transfer of interests in four licenses that had been granted to... Continue Reading →
Petrobras, the Latin American champion in the past four years according to the Top500.org ranking, which evaluates the world's foremost High-Performance Computers (HPCs), will boost its technological park by acquiring five new supercomputers with a total investment of BRL 500 million. One of the machines, capable of processing the equivalent of roughly 10 million mobile... Continue Reading →
(offshore-energy.biz) Given the rising expectations about oil and gas, especially liquified natural gas (LNG), being in demand even after 2050, entwining innovation and technology arms is increasingly being recognized as the right recipe to not only unleash untapped low-carbon barrels but also unlock the gates of green power. Japan’s MODEC and the UK-based Altera Infrastructure... Continue Reading →
(Reuters) Brazil's state-run oil firm Petrobras will do what it can to reduce the reinjection of natural gas into oil wells, Chief Executive Magda Chambriard said on Wednesday. The government published a decree on Monday authorizing the oil regulator ANP to order oil companies to reduce the reinjection to increase the supply of gas and... Continue Reading →
(Reuters) Chinese offshore oil and gas major CNOOC posted record first-half profit on Thursday, boosted by output growth and higher oil prices. Net profit attributable to shareholders rose 25% to 79.73 billion yuan ($11.19 billion), CNOOC said in a filing with the Hong Kong Stock Exchange. CNOOC's net production of oil and gas increased by... Continue Reading →
(offshore-energy.biz) U.S.-headquartered offshore energy services provider Helix Energy Solutions has picked up multimillion-dollar long-term assignments off the coast of Brazil for two vessels, which will carry out well intervention work for the country’s energy giant, Petrobras. Following a competitive tender process, Helix entered into three-year vessel charter and service contracts with Petrobras for the Siem Helix 1 and Siem Helix 2 riser-based... Continue Reading →
