Allseas preps for huge subsea pipeline job at Brazil’s supergiant ultra-deepwater oil field

(offshore-energy.biz) Switzerland-headquartered offshore pipeline installation, heavy lift, and subsea construction contractor Allseas has put the wheels into motion to get ready for its new assignment on Brazil’s second largest oil field. With its headquarters in Switzerland and central engineering and project management office in the Netherlands, Allseas has opened a new project management and engineering... Continue Reading →

February 24, 2025 0

Guyana Set to Sign Oil Exploration Deal with TotalEnergies-Led Group

(Reuters) Guyana expects to soon sign an oil production-sharing agreement with a consortium led by France's TotalEnergies will allow it to explore an offshore area, Energy Minister Vickram Bharrat told Reuters. Guyana is the world's fastest-growing oil-producing country and is on course to reach capacity of 940,000 barrels per day this year - nearly 1%... Continue Reading →

February 24, 2025 0

Staatsolie Looks to Secure $1.5B to Join GranMorgu Project Off Suriname

(Reuters) Suriname's Staatsolie needs to secure an unprecedented $1.5 billion in bank financing this year to ensure it can participate in the country's Gran Morgu energy project, the head of the state-owned company told Reuters. The project, led by TotalEnergies, is Suriname's first major offshore project. The country has discovered reserves that may allow it... Continue Reading →

February 24, 2025 0

Guyana’s oil output fell to 620,000 bpd in January, government says

(Reuters) - Guyana's average oil production fell to some 620,000 barrels per day in January from 656,000 bpd in December, the lowest monthly figure since August, the Natural Resources Ministry said on Friday in a report. A consortium led by U.S. oil major Exxon Mobil and involving Hess and China's CNOOC controls all crude and gas output in... Continue Reading →

February 22, 2025 0

Petrobras considers cancelling FPSO tender after high bid, sources say

(Reuters) - Brazil's state-run oil firm Petrobras (PETR4.SA), opens new tab is considering cancelling a tender to charter a production storage and offloading vessel (FPSO) from India's Shapoorji Pallonji Energy, two sources with knowledge of the matter told Reuters. The state-run firm believes the bid by the Indian shipbuilding firm was too high, at $1.5 million per... Continue Reading →

February 22, 2025 0

Rystad Energy: Suriname set for exploration surge

(OM) The Guyana-Suriname basin has seen significant activity in recent years, with Guyana alone unearthing more than 13 billion barrels of oil equivalent (boe) of discovered volumes in the past decade. As operators in offshore Guyana continue to explore and develop its resources, the focus on its coastal neighbor, Suriname, is growing. Rystad Energy analysis forecasts... Continue Reading →

February 21, 2025 0

Agogo FPSO Set to Sail to Azule Energy’s Field Offshore Angola

(OE) The Agogo floating, production, storage and offloading (FPSO) unit is ready to set sail from Chinese shipyard to Azule Energy’s development offshore Angola. Yinson Production has officially named the Agogo FPSO at a grand naming and sail away ceremony held at Cosco Shipping Heavy Industry (Shanghai) shipyard in Shanghai, China. The vessel is now... Continue Reading →

February 20, 2025 0

Brava Energia to Connect Four More Wells to Atlanta FPSO

(Reuters) Brazil's Brava Energia will connect four more wells to its Atlanta field in the first half of 2025, as it starts shipping oil to commodity trading firm Trafigura under a supply deal for six million barrels. That will bring the total number of wells connected to its floating production storage and offloading unit (FPSO)... Continue Reading →

February 20, 2025 0

Four FPSOs operated by MODEC are among the 10 largest oil and gas producers in Brazil in 2024

(TN) According to recent data released in the Oil and Natural Gas Production Bulletin of the National Petroleum Agency (ANP), four FPSOs operated by MODEC are among the 10 largest producers in Brazil. The FPSO Guanabara MV31 stood out as the main oil and gas producer in 2024, maintaining the position it achieved in 2023.... Continue Reading →

February 19, 2025 0

Boost in oil reserves ahead of rig activity spotlights Angolan offshore block’s potential

(offshore-energy.biz) UK-headquartered and AIM-listed company Afentra has confirmed that hydrocarbon production from a block off the coast of Angola has been offset by a growth in reserves based on the latest Competent Person’s Report (CPR) for Block 3/05, conducted by ERC Equipoise (ERCE). Following its entrance into Angola in May 2023, the company disclosed a sale and purchase agreement (SPA)... Continue Reading →

February 19, 2025 0

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Category: Offshore production

Allseas preps for huge subsea pipeline job at Brazil’s supergiant ultra-deepwater oil field

Guyana Set to Sign Oil Exploration Deal with TotalEnergies-Led Group

Staatsolie Looks to Secure $1.5B to Join GranMorgu Project Off Suriname

Guyana’s oil output fell to 620,000 bpd in January, government says

Petrobras considers cancelling FPSO tender after high bid, sources say

Rystad Energy: Suriname set for exploration surge

Agogo FPSO Set to Sail to Azule Energy’s Field Offshore Angola

Brava Energia to Connect Four More Wells to Atlanta FPSO

Four FPSOs operated by MODEC are among the 10 largest oil and gas producers in Brazil in 2024

Boost in oil reserves ahead of rig activity spotlights Angolan offshore block’s potential

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