UK firm Hunting delivering equipment to back deepwater drilling off Guyana

Oct. 8 (offshore-energy.biz) London-headquartered energy services provider Hunting has begun the delivery of oil country tubular goods (OCTG) accessories to support deepwater drilling operations offshore Guyana, described by the company as a strategically important energy region. Hunting secured the $20 million contract early this year through a “global oilfield service company”, supporting what it says is... Continue Reading →

October 8, 2025 0

Slowing Vaca Muerta oil activity could pose challenge for Argentina’s Milei

Oct 7 (Reuters) - Drilling and fracking activity in Argentina's Vaca Muerta, the world's fourth-largest unconventional oil reserve, is plateauing due to lower oil prices and rising costs, a slowdown that could complicate the political agenda of libertarian President Javier Milei. The huge Vaca Muerta formation in western Argentina accounts for 64% of the country's... Continue Reading →

October 7, 2025 0

Galp Joins Shell to Explore São Tomé and Príncipe’s Offshore Block 4

Oct. 7 (OE) Portugal’s Galp has reached a farm-in agreement with KE STP Company, a Shell affiliate, for the acquisition of a 27.5% stake in São Tomé and Príncipe’s Block 4, forming a joint venture with Shell, Petrobras and ANP-STP. With the agreement, Galp expands its presence offshore São Tomé and Príncipe, entering another early-stage... Continue Reading →

October 7, 2025 0

Shell’s Brazil Gato do Mato FPSO Starts Taking Shape

Oct. 6 - MODEC has held a first steel-cutting ceremony for the Gato do Mato floating production, storage and offloading (FPSO) unit, which will be deployed at Shell’s field offshore Brazil. The ceremony was held at the COSCO Qidong Shipyard, marking the start of construction of the the aft block of next-generation hull for the... Continue Reading →

October 6, 2025 0

Guyana’s First: Saipem Builds Complex Subsea Structure for ExxonMobil’s Uaru Field

Oct. 1 (OE) Saipem has completed the first complex subsea structure ever built in Guyana, set for deployment at ExxonMobil’s Uaru field, marking a key milestone in the development of the Country's industrial capabilities in the subsea sector. This is the Pipeline End Termination (PLET), a terminal structure installed at the end of a subsea... Continue Reading →

October 1, 2025 0

Brazil Is Destined to Become One of the World’s Top Five Oil Producers

Sept. 30 (oilprice) Recently, the International Energy Agency (IEA) identified Brazil as a key non-OPEC oil producer responsible for driving global production growth. A swathe of world-class ultra-deepwater pre-salt oil discoveries, the first made in the Lula field during 2006, are driving a massive offshore oil boom. Not only is Brazil Latin America’s largest oil producer, but the... Continue Reading →

September 30, 2025 0

MODEC Ramps Up Hammerhead FPSO Work After ExxonMobil’s Go-Ahead

Sept. 30 (OE) MODEC has been awarded the full engineering, procurement, construction, and installation (EPCI) scope to develop a floating production, storage and offloading (FPSO) vessel for the Hammerhead project in Guyana following a final investment decision (FID) by ExxonMobil. In April 2025, MODEC received a Limited Notice to Proceed (LNTP) enabling it to commence FPSO design... Continue Reading →

September 30, 2025 0

TotalEnergies launches savings plan, cuts capex after rising debt worries investors

Sept 29 (Reuters) - TotalEnergies will cut its annual capital expenditure by $1 billion, it said on Monday, as the French oil major sought to soothe investor fears over slow asset sales and rising debt at a meeting with investors in New York. The reduction in capex, to around $15–17 billion annually between 2027 and 2030,... Continue Reading →

September 29, 2025 0

TechnipFMC scores work on ExxonMobil’s seventh oil chapter in Guyana

Sept. 26 (offshore-energy.biz) UK-headquartered energy technology provider TechnipFMC has tucked under its belt a new multimillion-dollar subsea assignment, which will enable it to help ExxonMobil Guyana, a subsidiary of the U.S.-headquartered ExxonMobil, to bring to life an offshore oil project in Guyana’s Stabroek block. While disclosing the award of a substantial subsea contract for ExxonMobil Guyana’s Hammerhead project,... Continue Reading →

September 26, 2025 0

Saipem Gets Go-Ahead for ExxonMobil’s Hammerhead Job off Guyana

Sept. 26 (OE) Italian offshore energy services firm Saipem has received the authorization to proceed with the execution of activities related to the engineering, procurement, construction and installation (EPCI) contract for the development of ExxonMobil's Hammerhead oil field, offshore Guyana. The contract with ExxonMobil Guyana, valued approximately $500 million, entails the EPCI work for subsea,... Continue Reading →

September 26, 2025 0

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