Aug. 12 (oilnow.gy) Guyana’s Hammerhead development, the country’s seventh sanctioned offshore oil project, is expected to begin production in 2029 with capacity of about 150,000 barrels of oil per day (b/d). Its associated gas could first fuel Hammerhead’s own operations, with remaining volumes potentially sent through the Gas-to-Energy (GtE) pipeline to shore, connected to future infrastructure... Continue Reading →
Raia Project Advances with the Completion of Gas Pipeline Section and Delivery of First Producing Well
Aug. 6 (PN) The Raia project, operated by Equinor in the Campos Basin pre-salt, has reached new milestones in its development phase. The company completed the installation of a 186-kilometer ultra-deepwater section of the gas pipeline that will connect the field to the coast of Rio de Janeiro, using pipes manufactured by Tenaris with 99%... Continue Reading →
ExxonMobil Picks Sercel’s Marlin for Guyana Offshore Operations
Aug. 6 (OE) ExxonMobil Global Projects has selected Sercel's Marlin solution to support the management of simultaneous operations (SIMOPS) on the Whiptail project in the Stabroek Block offshore Guyana. Under a one-year contract, Sercel will deploy the Marlin platform to support pipelay and mooring installation campaigns on the offshore development. According to Sercel, the Marlin... Continue Reading →
Petrobras halts studies for $1 billion gas pipeline in Brazil amid regulatory uncertainty, sources say
Aug 4 (Reuters) - Brazil's Petrobras is reassessing a major natural gas infrastructure investment in Brazil amid regulatory uncertainty surrounding a proposed government program that could also impact a project by Norway's Equino, sources told Reuters. The proposal led Petrobras to halt studies for a planned $1 billion gas pipeline linked to its deep waters project... Continue Reading →
Petrobras Extends Contracts for DOF-TechnipFMC PLSV Duo
July 31 (OE) DOF Group has secured long-term contract extensions with Petrobras for the Skandi Buzios and Skandi Recife pipelay support vessels (PLSVs), extending both contracts into January 2028. Following negotiations with Petrobras, Skandi Buzios was awarded a 516-day extension, while Skandi Recife secured a 550-day extension, DOF said. The contracts had previously been due... Continue Reading →
Argentina’s Oil Production Soars as Vaca Muerta Breaks New Records
July 26 (oilprice.com) Argentina’s massive shale oil and gas boom is going from strength to strength. The economically crisis-prone South American country yet again reported record monthly oil and natural gas production for May 2026. This couldn’t come at a better time for Argentina and South America. Rising global geopolitical risks, notably due to war in the Middle... Continue Reading →
KOIL Energy Lands First Brazil Subsea Maintenance Job
July 24 (OE) KOIL Energy has secured its first contract in Brazil for subsea umbilical maintenance services, marking the company's entry into the world's largest deepwater offshore market. The contract covers the re-termination and testing of subsea umbilical components, including chemical injection and hydraulic control lines, as well as electrical cables. KOIL said it will... Continue Reading →
Allseas Hires Vallourec to Supply Pipes for Brazilian Offshore Project
July 22 (OE) Vallourec has secured a contract from Allseas to supply carbon steel seamless line pipes and thermal insulation coating for the Atapu 2 offshore oil project in Brazil, being developed by the Unitized ATAPU consortium operated by Petrobras. The contract covers the supply of 143 kilometers of rigid risers and flowlines, representing about... Continue Reading →
Equinor Completes Installation of Torpedo Piles for the Raia Project FPSO in the Campos Basin
July 15 - The Raia project has reached another milestone in its development schedule with the completion of the installation of the 24 torpedo piles that make up the mooring system for the FPSO to be used at the field. Jhordann Barrera, the Raia project’s SURF (Subsea, Umbilicals, Risers, and Flowlines) offshore operations manager, stated... Continue Reading →
Petrobras Postpones Bidding for Búzios 12 FPSO Construction
July 15 - Petrobras has extended the bid submission deadline for the Búzios 12 project FPSO ( P-91) by 180 days. The original deadline was September 9 of this year. Interested suppliers now have more time to prepare their offers, a move Petrobras believes will likely increase competition for the contract. The oil company chose... Continue Reading →