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Dec. 19 - Petrobras has approved the final investment decision for the development of the Sergipe Deepwater Project Module 2 (SEAP II), in the Sergipe-Alagoas Basin. The project is strategic for expanding the availability of domestic gas, as well as opening a new production frontier in the Northeast region. The SEAP II project encompasses deposits... Continue Reading →
Dec. 18 (oilprice.com) Brazil, Guyana, and Argentina are set to be major drivers of non-OPEC oil supply growth in 2026, accounting for half of the expected 0.8 million barrels per day (b/d) increase in 2026 the U.S. Energy Information Administration has predicted. According to the energy watchdog, Brazil's growth will mainly be driven by new offshore... Continue Reading →
Dec. 18 (offshore-energy.biz) Norwegian vessel owner DOF Group has landed seven contract extensions with Brazil’s state-owned energy giant Petrobras, which will add more than $160 million to the firm’s backlog. While disclosing seven new contract extensions with Petrobras in Brazil, DOF explains that five of its Brazilian-flagged anchor handling tug supply (AHTS) vessels, all with... Continue Reading →
Dec. 18 (OE) SBM Offshore has signed a contract extension related to the lease and operation of floating production, storage and offloading (FPSO) units Mondo and Saxi Batuque with ExxonMobil’s Angolan subsidiary. The extension secures ownership and operations by SBM Offshore until 2032 for the FPSOs in Block 15 offshore Angola, operated by Esso Exploration... Continue Reading →
Dec. 15 (TN) Last week, the Ministry of Mines and Energy (MME) and the Energy Research Company (EPE) released the Natural Gas Booklet of the Ten-Year Energy Expansion Plan 2035 (PDE 2035). The document projects a significant increase in national gas production, driven mainly by the pre-salt layer and new initiatives with offshore processing, such... Continue Reading →
Dec. 15 (OE) MISC and China Offshore Engineering & Technology Company have received the Approval in Principle (AiP) from the American Bureau of Shipping (ABS) for their design of an ammonia floating production storage and offloading (FPSO). This innovative floater solution adapts proven onshore production technology for offshore operations, transforming unutilized hydrocarbon gas from nearby... Continue Reading →
Ded. 15 (OE) BW Energy has signed a long-term lease agreement for the Maromba drilling and wellhead platform, converting a short-term lease for the Super Gorilla class jack-up rig BW MAROMBA B into a project lease with Minsheng Financial Leasing (MSFL). The new agreement covers the rig purchase and all costs required to bring the... Continue Reading →
Dec. 12 (offshore-energy.biz) TechnipFMC has delivered its 100th Subsea 2.0 tree to UK-headquartered energy giant Shell, the company that placed the first order for the subsea product platform. The subsea tree was manufactured, assembled, and tested at TechnipFMC’s dedicated facility for Subsea 2.0 in Nusajaya, Malaysia, and will be used on Shell’s project in the Gulf... Continue Reading →
Dec 10 (Reuters) - Trinidad and Tobago's government is waiting for a development plan from energy producer Shell to push forward the Aphrodite offshore gas project, documents seen by Reuters showed. Shell said in June that it had made a positive final investment decision on the discovery, which is expected to produce first gas in 2027 and have... Continue Reading →
Dec. 10 (OE) Rockhopper Exploration has taken a final investment decision (FID) on Phase 1 of the Sea Lion oil development north of the Falkland Islands, allowing the long-delayed project to proceed after securing financing commitments and regulatory approvals. Partner and operator Navitas Petroleum has also approved FID. Rockhopper said both boards have approved financing... Continue Reading →
Brazil Energy Insight 