Government of Rio Grande do Sul signs MOU with Shizen Energy authorizing studies for the construction of an offshore wind farm on the coast.

Following the commitments of the government mission from Japan, a Memorandum of Understanding was signed between the state government and Shizen Energy, a Japanese company specializing in renewable energy. The document was signed by Governor Eduardo Leite and representatives of the company. The agreement provides for the performance of feasibility studies for the construction of... Continue Reading →

November 21, 2024 0

Argentina’s Vaca Muerta gas-export plan is a pipe dream

(Reuters) - Natural gas production is booming in Argentina’s vast Vaca Muerta shale lands, but full pipelines and the government's free-market approach to paying for new ones may prevent the country from becoming a major gas exporter by early next decade. About $58 billion worth of new or upgraded pipelines, processing plants and export terminals... Continue Reading →

November 21, 2024 0

ONE Guyana FPSO to Depart for Yellowtail Field Early in 2025

(Reuters) Guyana's fourth oil floating production storage and offloading (FPSO) facility is expected to depart for the South American country in the first quarter next year, the CEO of U.S. producer Hess, John Hess, said on Wednesday. The firm, which alongside Exxon Mobil and CNOOC are responsible for all oil and gas production in the... Continue Reading →

November 21, 2024 0

Seadrill’s drillship pair heading into the home stretch to start drilling job offshore Brazil

(offhore-energy.biz) Bermuda-headquartered offshore drilling contractor Seadrill has welcomed back to its rig fleet two drillships, which are getting the finishing touches out of the way to begin their new multimillion-dollar drilling assignments off the coast of Brazil, which are slated to last until the end of 2027. With the acquisition of Aquadrill in April 2023,... Continue Reading →

November 19, 2024 0

Brazil and Argentina agree to studies on gas exports from Vaca Muerta

(Reuters) - Brazil and Argentina signed an agreement on Monday to study the development of infrastructure for natural gas exports to Brazil, with Brazilian authorities saying the deal could lead to imports of as much as 30 million cubic metres of gas per day by 2030. The memorandum of understanding (MOU) will create a working... Continue Reading →

November 18, 2024 0

SBM Offshore Third Quarter 2024 Trading Update Long read

Highlights FPSO Prosperity sold to ExxonMobil Guyana Ltd; FPSO Liza Destiny on track for sale before year-end TotalEnergies contract award for an FPSO as part of the GranMorgu field development project in Suriname 2024 Directional1 EBITDA guidance increased from around US$1.3 billion to around US$1.9 billion (+46%) 2024 Directional revenue guidance increased from above US$3.8... Continue Reading →

November 15, 2024 0

Guyana poised to add close to one million barrels per day as FPSO sector takes off globally

(oilnow.gy) A total of 56 FPSO projects, between 2022 and 2027, are expected to commence their operations worldwide. Brazil leads the list with 22 followed by Guyana, with three already in production and three more under construction. Norway-based energy research and business intelligence company Rystad Energy says the FPSO market witnessed a 50% increase in... Continue Reading →

November 14, 2024 0

TechnipFMC to Supply Subsea Trees for Suriname’s First Oil and Gas Field

(OE) TechnipFMC has been secured an integrated engineering, procurement, construction, and installation (iEPCI) contract by TotalEnergies for its GranMorgu project on Block 58, the first oil and gas development offshore Suriname. The project will combine TechnipFMC’s subsea architecture with Saipem’s EPCI solutions and best-in-class pipelay capabilities - notably J-Lay, the optimal solution given the location... Continue Reading →

November 14, 2024 0

First Steel Cut for ExxonMobil’s Guyana Field-Bound FPSO Jaguar

(OE) SBM Offshore has held a steel strike ceremony for floating production, storage, and offloading (FPSO) Jaguar, marking a significant step forward in the development of ExxonMobil's Whiptail project, located in the Stabroek Block, offshore Guyana. The steel strike ceremony took place on November 12 at Guyana Shore Base Incorporated (GYSBI), kicking off the production... Continue Reading →

November 13, 2024 0

Shearwater Nets Petronas Contract for 3D Survey Off Suriname

Shearwater Geoservices Holding AS (“Shearwater”) has been awarded a large 3D seismic survey by PETRONAS in Suriname. The project, covering 6,000 square kilometres, marks the continuation of Shearwater’s commitment to PETRONAS in this frontier area having previously performed acquisition work in Block 52. The Amazon Warrior has been allocated to the three-month project, commencing in... Continue Reading →

November 5, 2024 0

Category: South America

Government of Rio Grande do Sul signs MOU with Shizen Energy authorizing studies for the construction of an offshore wind farm on the coast.

Argentina’s Vaca Muerta gas-export plan is a pipe dream

ONE Guyana FPSO to Depart for Yellowtail Field Early in 2025

Seadrill’s drillship pair heading into the home stretch to start drilling job offshore Brazil

Brazil and Argentina agree to studies on gas exports from Vaca Muerta

SBM Offshore Third Quarter 2024 Trading Update Long read

Guyana poised to add close to one million barrels per day as FPSO sector takes off globally

TechnipFMC to Supply Subsea Trees for Suriname’s First Oil and Gas Field

First Steel Cut for ExxonMobil’s Guyana Field-Bound FPSO Jaguar

Shearwater Nets Petronas Contract for 3D Survey Off Suriname

Archives

Contact Us