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Sept 22 (Reuters) - Exxon Mobil said on Monday it greenlit funding its seventh development project in Guyana called Hammerhead, bringing its oil joint venture another step closer to its goal of producing 1.7 million barrels of oil equivalent per day by 2030 from the country. The prolific Stabroek Block off the coast of Guyana is... Continue Reading →
Sept. 22 (OE) Forum Energy Technologies (FET) has launched its next generation remotely operated vehicle (ROV) control system – ICE Unity. In what is a significant leap forward for ROV control technology, the introduction of ICE Unity meets the increasing sector demand for data and control access from outside the core control system. Key features... Continue Reading →
Sept. 22 (offshore-energy.biz) Oilfield services company NOV has won a contract to provide a mooring solution for an offshore floating liquefied natural gas (FLNG) project in the Gulf of San Matías, offshore Argentina. The project will see the redeployment of FLNG Hilli Episeyo, a unit which previously operated offshore Cameroon. Also known as FLNG Hilli, the... Continue Reading →
Sept. 22 (Reuters) Dutch geological data specialist Fugro scrapped its annual outlook on Monday and announced further job cuts, citing an impact from project delays, sending its shares lower. Shares in Fugro were down around 11% to their lowest since March 2022 at 0705 GMT. The company said that projects in the offshore wind and... Continue Reading →
Sept. 18 (TN) SwissDrones, a provider of advanced aerial intelligence solutions specializing in long-range unmanned helicopter systems, and Omni Unmanned, a leading air transport company serving the oil sector and part of the Omni Helicopters International (OHI) group, recently completed an offshore Proof of Concept test for an energy company in Brazil. The test included... Continue Reading →
Sept. 18 (TN) OceanPact has signed two contracts with Petrobras, valued at over R$700 million, to perform marine environmental monitoring services in the oil company's areas of interest. The contracts, signed after a competitive process governed by Law 13.303/16, provide for the collection of environmental samples of water, biota, and sediments, as well as the... Continue Reading →
Sept. 18 (OE) Energy data and intelligence firm TGS has started PAMA Phase II 3D multi-client survey in the Equatorial Margin area offshore Brazil. The first phase covered 19,343 square kilometers and more than 25 future exploration blocks within the Pará-Maranhao Basin, one of the world’s largest, most unexplored, and highly prospective basins. PAMA Phase... Continue Reading →
Brazil's oil production growth is primarily driven by massive investments from Petrobras in prolific pre-salt offshore oilfields, aiming for 5 million barrels per day by 2030. Argentina has become a leading South American oil producer, with significant growth stemming from the successful exploitation of the vast Vaca Muerta shale formation. Guyana's oil production is surging... Continue Reading →
Sept. 18 (offshore-energy.biz) Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, has unveiled a purpose-built floating production storage and offloading (FPSO) hull design, which has secured main scantling approval (MSA) from DNV, a Norwegian classification society. This purpose-built FPSO hull design, equipped with a low-carbon toolset, enables the Malaysian giant... Continue Reading →
Sept. 18 (OE) The high-specification ultra-deepwater drillship Tidal Action, owned by Hanwha Ocean, has started its maiden contract with Petrobras at Roncador field, offshore Brazil. The Tidal Action arrived in the Guanabara Bay in Rio de Janeiro on July 7, 2025, and has now been deployed to the Roncador field in the Campos Basin offshore... Continue Reading →
Brazil Energy Insight 