TechnipFMC Awarded Major Contract for Gato do Mato

TechnipFMC has been awarded a major integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract worth over $1 billion by Shell for its Gato do Mato greenfield development offshore Brazil. In addition to integrated execution, the project will utilize Subsea 2.0® configure-to-order (CTO) subsea production systems. Combining both offerings will enable streamlined project management through a single interface and accelerate time to first... Continue Reading →

March 26, 2025 0

Surinamese invest US$516M into country’s first oil project

Kaieteur News- The state-owned oil company of Suriname, Staatsolie on Monday announced that the company has raised US$515.8 million through a new bond that allowed citizens there to invest in the country’s first offshore oil project, GranMorgu. Staatsolie in thanking participants highlighted that the amount raised was US$ 211.7 million more than the US$ 304.1 million that was... Continue Reading →

March 25, 2025 0

Petrobras to finish analysis of the India’s Shapoorji appeal in FPSO bid this week

(Reuters) - Brazil's Petrobras should analyze an appeal filed by India's Shapoorji Pallonji Energy in the tender to charter an offshore oil production vessel this week, the state-run oil firm's head of engineering, technology and innovation, Renata Baruzzi, said on Tuesday. WHY IT'S IMPORTANT The Indian company was the only one to bid on chartering a... Continue Reading →

March 25, 2025 0

MODEC Gets Shell’s Gato do Mato FPSO Ops and Maintenance Job

(OE) MODEC has signed an agreement with Shell for the operations and maintenance of the floating production, storage and offloading (FPSO) vessel, to be deployed at Gato do Mato deepwater field off Brazil, for a period of 20 years. The agreement follows the execution of the Front-End Engineering Design (FEED) contract, which was awarded to... Continue Reading →

March 25, 2025 0

Brava Energia Earnings Release 4Q24 & 2024

March 21, 2025 0

Shell Makes FID for Deepwater Gato do Mato Project off Brazil

(OE) Shell Brasil Petróleo, a subsidiary of Shell, has taken the Final Investment Decision (FID) for Gato do Mato, a deepwater oil and gas project in the pre-salt area of the Santos Basin, offshore Brazil. The Gato do Mato Consortium includes Shell (operator with a 50% stake), Ecopetrol (30%), TotalEnergies (20%) and Pré-Sal Petróleo... Continue Reading →

March 21, 2025 1

Baker Hughes to Deliver Completions Systems for Petrobras’ Offshore Field

(OE) Energy technology company Baker Hughes has signed a multi-year agreement with Petrobras to deliver fully integrated completions systems for its offshore deepwater fields. The award followed an open tender and will leverage Baker Hughes’ innovative completions technology portfolio and extensive experience in Brazil to optimize production across multiple deepwater fields. A range of technologies... Continue Reading →

March 20, 2025 0

Guyana’s oil boom could surpass Mexico’s declining sector by 2030

(oilnow.gy) The global oil industry is changing, with Guyana’s production rising quickly while Mexico’s output declines. This is according to Adrian Duhalt, a fellow at the Texas-Mexico Center at the Southern Methodist University, who pointed out their contrasting paths. “Guyana’s oil production is on a promising trajectory. With substantial increases expected in the coming years,... Continue Reading →

March 20, 2025 0

TEN orders 9 eco-friendly shuttle tankers in South Korea for Petrobras charter

South Korea’s major Samsung Heavy Industries (SHI) has clinched a ‘major’ contract worth KRW 1.9 trillion (approximately $1.34 billion) for the construction of nine environmentally friendly DP2 Suezmax shuttle tankers. As disclosed in a stock exchange filing by SHI, the newbuilds are due for delivery by the end of 2028. In a separate statement, Greek... Continue Reading →

March 20, 2025 0

Six DOF Vessels Set to Sail to Africa for Multi-Million Dollar Subsea Job

(OE) Norwegian offshore supply vessel operator DOF Group has secured a ‘very large’ subsea umbilical, riser, and flowline (SURF) project for an undisclosed energy company offshore Africa. Under the contract, DOF will deliver its full suite of project management, engineering, logistical and execution services to install flexible flowlines, risers, cables and associated subsea structures. DOF... Continue Reading →

March 20, 2025 0