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(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 →
(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 →
(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 →
(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 →
(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 →
(OE) Singaporean rig- and shipbuilder Seatrium has tapped the American Bureau of Shipping (ABS) to class a pair of floating production storage and offloading units (FPSO) being built for Brazil's state-owned Petrobras, the classification society announced. Slated for delivery in 2029, the FPSOs P-84 and P-85 will be deployed in the Atapu and Sépia fields,... Continue Reading →
(OE) China’s state-owned ZPMC Qidong Marine Engineering has launched the bow section of the P-82 floating production storage and offloading (FPSO) unit, being built by Seatrium for Petrobras’ Búzios field offshore Brazil. The bow section of the N1151 (P-82) FPSO, said to be the world’s largest, exited the dock at ZPMC Qidong Marine Engineering in... Continue Reading →
(OE) CIMC Raffles, a subsidiary of CIMC Group, has secured engineering, procurement, and construction (EPC) contracts from Seatrium for the supply of the hulls for two floating production storage and offloading (FPSO) units being built for Brazil’s national oil and gas company Petrobras. With the latest agreement, CIMC Raffles has previously delivered two and is... Continue Reading →
(OE) Oil and gas company Enauta has completed the anchoring of the floating production storage and offloading (FPSO) unit Atlanta at a field in Santos Basin, offshore Brazil. However, the production start from the unit might face delays due to announced strikes by the officials working in public institutions. In June, Enauta completed the anchoring... Continue Reading →
(OE) France-based tubular solutions supplier Vallourec has secured a contract from TotalEnergies to supply almost 5,000 tonnes of OCTG solutions and associated services for the Kaminho deepwater project on Block 20, 100 km off the coast of Angola. On this project, Vallourec will supply its range of VAM connections and use CLEANWELL, its more environmentally-friendly,... Continue Reading →
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