Oct. 13, (OE) Sea1 Offshore, formerly Siem Offshore, has secured a new contract for its platform supply vessel (PSV) Sea1 Atlas. The contract for Sea1 Atlas PSV is in Brazil and has a duration of three years, along with six-month option at market terms. The start of operations is scheduled for the first quarter of... Continue Reading →
Equinor Scraps Offshore Electrification Plans As Costs Rise
Oct. 10 (Reuters) Equinor has scrapped plans to cut greenhouse gas emissions by connecting several offshore platforms to Norway's onshore power grid, the company told the government on Friday, citing soaring costs. The oil and gas sector is Norway's largest source of climate emissions, accounting for about a quarter of the total. Around 80% of industry emissions... Continue Reading →
US Gives Go-Ahead to Shell, Trinidad for Venezuelan Offshore Gas Field
Oct. 9 (Reuters) The U.S. government has granted an authorization for energy major Shell and Trinidad and Tobago to develop an offshore gas field in Venezuela close to the maritime border, Trinidad's attorney general said on Thursday. The prominent project, aimed to supply Trinidad with Venezuelan gas, has progressed slowly in recent years amid frequent... Continue Reading →
UK firm Hunting delivering equipment to back deepwater drilling off Guyana
Oct. 8 (offshore-energy.biz) London-headquartered energy services provider Hunting has begun the delivery of oil country tubular goods (OCTG) accessories to support deepwater drilling operations offshore Guyana, described by the company as a strategically important energy region. Hunting secured the $20 million contract early this year through a “global oilfield service company”, supporting what it says is... Continue Reading →
Brazil’s PPSA Sets R$10.2B Minimum for December Pre-Salt Auction Bids
Oct. 8 - Brazil's government has set a minimum total payment of 10.2 billion reais for an upcoming auction offering stakes in three pre-salt oil fields already in production but not yet contracted, state-run firm Pre-Sal Petroleo (PPSA) said. The auction, scheduled for December 4 at the Sao Paulo-based B3 stock exchange, will offer stakes... Continue Reading →
PRIO Operational Data Sept. 2025
Oct. 6 - PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of September. Key: (1) At the Polvo and Tubarão Martelo cluster, the workover of TBMT-6H well was completed on September 15, and the well returned to production. (2) At... Continue Reading →
AKOFS Offshore Signs $246M Contract with Petrobras
Oct. 7 (OE) Norway-based subsea well intervention and installation services company AKOFS Offshore has signed a firm contract with Petrobras, for its subsea equipment support vessel AKOFS Santos, which will continue to operate offshore Brazil. Following a competitive tender process, the vessel will continue to perform services as a multi-purpose supply vessel (MPSV) for Petrobras... Continue Reading →
Galp Joins Shell to Explore São Tomé and Príncipe’s Offshore Block 4
Oct. 7 (OE) Portugal’s Galp has reached a farm-in agreement with KE STP Company, a Shell affiliate, for the acquisition of a 27.5% stake in São Tomé and Príncipe’s Block 4, forming a joint venture with Shell, Petrobras and ANP-STP. With the agreement, Galp expands its presence offshore São Tomé and Príncipe, entering another early-stage... Continue Reading →
Navship signs a R$10.2 billion contract with Petrobras to build four RSVs
Oct. 6 - Petrobras announced the chartering of four RSV (ROV Support Vessel) vessels, designed to support subsea operations, in contracts totaling R$10.2 billion. The contract was concluded through a bidding process that began in October 2024. The units will be built at the Navship shipyard, located in Navegantes, Santa Catarina, with delivery scheduled between... Continue Reading →
Colombia’s Ecopetrol to launch bidding for Covenas regasification project
Oct 6 (Reuters) - Colombian state-run oil company Ecopetrol is set to launch the bidding process later this month for a regasification project at its Covenas maritime terminal in the north of the country, CEO Ricardo Roa said on Monday. Ecopetrol will begin accepting binding bids for the project on October 14, with a winner expected... Continue Reading →