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(Reuters) Exxon Mobil Corp on Wednesday said it filed a contract arbitration claim disputing Hess Corp's proposed sale of its Guyana oil properties, and suggested it may counter Chevron Corp's pending deal for the assets. The arbitration case seeks to preserve Exxon's right to acquire Hess's 30% stake in the giant Stabroek offshore oil block,... Continue Reading →
(OE) The fabrication of a floating production storage and offloading (PFSO) for the Raia project in Brazil, operated by Equinor on behalf of the Raia project consortium, has officially started at Seatrium’s BrasFELS Shipyard. The strike steel ceremony, which symbolizes the first steel cut of the FPSO Raia project, marks the start of the collaboration... Continue Reading →
(Offshore-energy.biz)Brazilian oil and gas player Enauta is making progress in putting all the puzzle pieces together to bring a floating production, storage, and offloading (FPSO) vessel, destined to work at its field off the coast of Brazil, online later this year. After the first multiphase pumping subsea system (MPP), manufactured by OneSubsea, was loaded in Norway on January... Continue Reading →
(Reuters) - Mexican state energy company Pemex and billionaire investor Carlos Slim's team are discussing ways to revive development of the country's first deepwater natural gas field that was shelved twice before, two sources told Reuters.The sources, both with direct knowledge of the matter, said executives of companies controlled by the Slim family met with... Continue Reading →
(PN) Subsea 7 is taking new steps in the execution of some of its main contracts in the Brazilian market. The company recently announced an update on its operations in the country and revealed that it has made progress in the Bacalhau and Mero projects, both in the Campos Basin. In Bacalhau, the company installed... Continue Reading →
(OE) Challenger Energy has, through its wholly-owned Uruguayan subsidiary CEG Uruguay, entered into farm-out agreement with Chevron for the 60% interest in the AREA OFF-1 block offshore Uruguay. As part of the agreement, Chevron will acquire a 60% participating interest in the AREA OFF-1 block, and will assume operatorship of the block, while CEG Uruguay... Continue Reading →
(Oilprice.com) Exxon and Malaysia’s state-run Petronas will extend exploration for a gas discovery off the coast of Suriname, the country’s national oil company, Staatsolie, said on Monday. Eyeing a repeat of the huge oil and gas success in the same basin offshore Guyana, explorers in Suriname are also reportedly considering a floating LNG project. Exploration... Continue Reading →
(PN) Drilling of the pioneer well in the Pau Brasil block, operated BP in the Santos Basin pre-salt, is scheduled to begin next month on April 24th. The well will be drilled by the Valaris DS-15 drillship. The vessel is being chartered at a daily rate of US$410,000. The contract will be valid until June... Continue Reading →
(OM) SBM Offshore has issued updates on its latest FPSO construction programs. Topsides module lifting is nearing completion on the Almirante Tamandaré, with integration and commissioning activities progressing in parallel. The FPSO is due to be delivered later this year and should produce first oil for Petrobras from the Búzios Field in early 2025. Alexandre de Gusmão,... Continue Reading →
(ON) Dutch shipbuilder, SBM Offshore, said it has reserved a multi-purpose floater hull for the Jaguar floating production, storage and offloading (FPSO) vessel it is expected to construct for ExxonMobil’s sixth development offshore Guyana. In its 2023 Annual Report, the company said the hull ‘MPF5’, for the Jaguar FPSO, is under fabrication at China’s SWS... Continue Reading →
Brazil Energy Insight 