Brought to you by Quest Offshore & Southern Cone Consultants
(U) Australian engineering and services giant Worley has denied any corruption and refuted media reports that followed its recent international arbitration loss relating to historic operations in Ecuador — these reports alleged Worley had a tax liability in the South American nation. Detailing its side of the story, Worley on Wednesday confirmed that WorleyParsons (now... Continue Reading →
(OE) Offshore drilling company Valaris has secured approximately $1.14 billion in new contracts and contract extensions for its drillships and jack-up rigs across the Americas, Europe and Australia. The $1.14 billion worth contracts were awarded in the last two months of 2023, with the backlog excluding lump sum payments such as mobilization fees and capital reimbursements. These... Continue Reading →
(OE) Portuguese oil and gas company Galp has reported the discovery of light oil in in an exploration well being drilled offshore Namibia with Hercules semi-submersible rig. The news follows Galp’s January 2 update informing about preliminary signs of hydrocarbon presence at the Mopane-1X well, being drilled at Petroleum Exploration License 83 (PEL 83) block in Namibia’s... Continue Reading →
(OET)Thanks to multiple discoveries, Guyana has quickly emerged as a global oil and gas exploration hotspot. In recognition of this, India recently greenlighted the inking of a memorandum of understanding (MoU) between its Ministry of Petroleum and Natural Gas and Guyana’s Ministry of Natural Resources to join forces in the hydrocarbon sector. The two countries... Continue Reading →
(Reuters) - Exxon Mobil's write-down of about $2.5 billion of troubled California properties aims to end five decades of offshore oil production in the state, but a full exit from those assets could take some time. Sable Offshore, a company created in 2020, agreed more than a year ago to pay $643 million for Exxon's... Continue Reading →
The Brazilian Environmental Institute (Ibama) gave the green light for the installation of the new platform ship (FPSO) in the Mero field, in the Santos Basin. The environmental agency issued the license for the FPSO Alexandre de Gusmão, which is being built by SBM Offshore and is expected to come into operation in 2025. The... Continue Reading →
(OE) UK engineering company Wood has secured a contract from HD Hyundai Heavy Industries for detailed engineering of the topsides facilities on Woodside Energy's Trion floating production unit (FPU) in the Gulf of Mexico. When complete, Trion will have a production capacity of 100,000 barrels per day and connect to a 950,000 barrel capacity floating... Continue Reading →
Dutch FPSO operator SBM Offshore has corroborated the start of production from a floating production, storage, and offloading (FPSO) vessel, which is working on Petrobras’ giant oil field in the Santos Basin offshore Brazil. As a result of a 22.5-year lease and operation deal from December 2019 with SBM Offshore, Petrobras chartered the FPSO Sepetiba for operations on its Mero... Continue Reading →
(OE) Offshore drilling contractor Noble Corporation and Malaysian oil company Petronas, through its subsidiary Petronas Suriname E&P, have agreed to rig swap for extended scope offshore Suriname. Based on an existing contract option, Noble and Petronas Suriname E&P have entered into an agreement for the 7th generation drillship Noble Voyager to drill one well in Block... Continue Reading →
(OE) Australia's Karoon Energy has completed the acquisition of interests from LLOG Exploration Offshore and LLOG Omega Holdings for the U.S. Gulf of Mexico oil and gas fields. The acquisition includes a 30% working interest in the Who Dat and Dome Patrol oil and gas fields and associated infrastructure, an approximately 16% working interest in... Continue Reading →
Brazil Energy Insight 