UK-based AIS wins multiple contracts for deepwater oil field project off Brazil

(Offshore-energy.biz) UK-headquartered AIS has secured multiple contracts to supply a comprehensive range of subsea ancillary solutions on a “major” deepwater oil field development located in the Santos Basin, off the coast of Brazil. The contracts are from several engineering, procurement, construction, and installation (EPCI) and original equipment manufacturer (OEM) companies. The contracts involve providing various critical subsea... Continue Reading →

July 22, 2024 0

Portugal’s Galp Second-Quarter Profit Beats Expectations, Jumps 16%

(Reuters) Portugal's Galp Energia on Monday reported its second quarter adjusted net profit jumped 16% and beat expectations as higher oil price and lower cost of production offset lower production and stable refining margin. It booked an adjusted net profit of 299 million euros ($325.34 million), more than the 236 million euros expected by 18... Continue Reading →

July 22, 2024 0

Ibama grants approval for support vessels that will be used in the installations of FPSO Almirante Tamandare

(PN) The Brazilian Environmental Institute (Ibama) issued approval for the use of support ships CBO Endeavour, Normand Maximus and Siem Emerald during the installation of the platform ship (FPSO) Almirante Tamandare. The expectation is that the first oil from the FPSO will be extracted in 2025. The vessel is still under construction by SBM Offshore... Continue Reading →

July 19, 2024 0

DOF Group Wins Multiple Deals with Petrobras in Brazil

(OE) Norwegian offshore supply vessel company DOF Group has secured multiple contracts with Petrobras for work offshore Brazil. AHTS Skandi Jupiter and AHTS Skandi Mercury, both under management contracts with DOF, have been contracted by Petrobras to operate as AHTS 230t BP after the same competitive tender process earlier this year that led to the... Continue Reading →

July 19, 2024 0

Hammerhead will be stand-alone development – Exxon project summary

(OilNow.gy) ExxonMobil’s Hammerhead development will be a “stand alone” project, according to the summary submitted to Guyana’s Environmental Protection Agency (EPA). Potentially, additional resources can be tapped, if determined to be feasible and economically viable, the document read. The proposed project will be located in the south central portion of the Stabroek Block, 160 kilometers (km) from... Continue Reading →

July 18, 2024 0

Exxon Clash with Chevron Hinges on Control of Hess’ Guyana Asset

(Reuters) Exxon Mobil's legal bid to stop Chevron's proposed $53 billion acquisition of Hess rests on whether the transaction would involve a change of control of Hess' prize subsidiary in Guyana, according to people knowledgeable about the argument. The two top U.S. oil producers are in an arbitration battle over the world's largest oil discovery... Continue Reading →

July 18, 2024 0

FPSO Bacalhau Becomes World’s First Newbuild with DNV Emissions Abatement Notation

(OE) MODEC has secured an Approval in Principle (AiP) for Abate Notation from classification society DNV for its FPSO Bacalhau, set for deployment at an Equinor-operated oil project offshore Brazil. In this project, a comprehensive assessment of greenhouse gas emissions abatement on FPSO Bacalhau was conducted according to DNV guidelines. The Abate notation requires stringent... Continue Reading →

July 18, 2024 0

Guyana seeks intel on environmental impacts of ExxonMobil’s seventh oil project

(Offshore-energy.biz) After ExxonMobil Guyana Limited (EMGL), a subsidiary of the U.S.-headquartered energy giant ExxonMobil, applied for environmental authorization to undertake the development of its seventh oil project in the Stabroek block, off the coast of Guyana, the country’s Environmental Protection Agency (EPA) has reviewed the application, concluding that it needs further insights into the potential... Continue Reading →

July 17, 2024 0

Future oil growth likely centered in Guyana-Suriname, GlobalData finds

(OilNow.gy) The oil and gas industry has long underpinned the global economy, with demand growing steadily except during the COVID-19 pandemic. New discoveries and massive oilfield reserves sustain global production, essential for meeting this demand. In May 2024, GlobalData conducted a poll to identify which oil field developments have the best short to medium-term prospects.... Continue Reading →

July 16, 2024 1

Exxon plans to drill up to 30 wells for its seventh oil project in Guyana

(Reuters) - Exxon Mobil Corp plans to drill up to 30 wells as part of its seventh oil project in Guyana, named Hammerhead, according to the development plan proposed by the company and disclosed by the government on Monday. The project, which is pending government approval, would start production in 2029, lifting the country's capacity to... Continue Reading →

July 15, 2024 0

Category: Offshore production

UK-based AIS wins multiple contracts for deepwater oil field project off Brazil

Portugal’s Galp Second-Quarter Profit Beats Expectations, Jumps 16%

Ibama grants approval for support vessels that will be used in the installations of FPSO Almirante Tamandare

DOF Group Wins Multiple Deals with Petrobras in Brazil

Hammerhead will be stand-alone development – Exxon project summary

Exxon Clash with Chevron Hinges on Control of Hess’ Guyana Asset

FPSO Bacalhau Becomes World’s First Newbuild with DNV Emissions Abatement Notation

Guyana seeks intel on environmental impacts of ExxonMobil’s seventh oil project

Future oil growth likely centered in Guyana-Suriname, GlobalData finds

Exxon plans to drill up to 30 wells for its seventh oil project in Guyana

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