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June 11 - Ocean Installer, a wholly owned subsidiary of Moreld ASA, has been contracted by Equinor to execute the well tie-in scope for the Bacalhau field in the Santos Basin. The contract is for 4.5 years, with options for extension and rigid jumper fabrication. The scope includes the installation of rigid well jumpers between... Continue Reading →
June 11 (OE) SLB has signed a long-term framework agreement with Venezuela's state oil company PDVSA to support the modernization and development of the country's oil and gas sector. The memorandum of understanding establishes a framework for cooperation across exploration, field development, production, digital enablement, and workforce training and development. The companies said the collaboration... Continue Reading →
June 11 (OE) Shearwater Geoservices has been awarded a distributed acoustic sensing (DAS) seismic survey contract in the Stabroek Block offshore Guyana by ExxonMobil Guyana. The contract covers a two-month program comprising source-only seismic acquisition in support of a baseline DAS reservoir surveillance survey over the Yellowtail development area. Shearwater has deployed the vessel SW... Continue Reading →
June 10 (Reuters) Britain has offered grid connections to more than 700 projects, the country's power planning body said on Wednesday, under a reformed allocation system expected to help unlock up to £40 billion in annual clean power investment. The allocations follow recent reforms replacing a "first come, first served" connection system that had led to bottlenecks, said... Continue Reading →
June 10 (OE) TGS has signed an agreement with Equatorial Guinea's Ministry of Hydrocarbon and Mining Development to create a large-scale offshore multi-client seismic dataset, marking the first phase of what is planned to become a nationwide MegaSurvey covering the country's offshore basins. The initial phase of the project will include post-stack reprocessing of approximately... Continue Reading →
June 10 (OE) PXGEO has signed a one-year framework agreement with Equinor to conduct autonomous subsea inspection trials using Saab's Sabertooth Underwater Intervention Drone (UID) technology. The agreement will see the companies test and verify autonomous inspection capabilities, including validation of autonomous behaviors for offshore inspection operations. The first call-off under the agreement is already... Continue Reading →
June 9 (Reuters) - Norway's parliament on Tuesday ordered the government to review its planned subsidy for the country's first commercial floating offshore wind farm, raising concerns of a full development stop and a wider impact on energy transition projects. A proposal by the opposition Conservative Party seeking financial scrutiny of a 35 billion Norwegian... Continue Reading →
June 8 (oilnow.gy) Going back to Venezuela might be a stretch for big oil with other more attractive places nearby like Guyana. That was the assessment from Texas-based energy attorney Ted Borrego in an S&P Global article published May 20, as analysts weighed whether Venezuela’s planned debt restructuring could eventually reopen the door to major... Continue Reading →
June 7 - The Rio Grande Shipyard, owned by Ecovix, completed this week the decommissioning of the P-32 platform in its dry dock. The first green dismantling in Brazil was concluded, involving hundreds of workers who worked on the maritime unit, which weighed more than 44,000 tons. Acquired at auction by Gerdau in July 2023,... Continue Reading →
June 4 - SBM Offshore announces that it has entered into a shareholders’ agreement with its long-standing business partner Nippon Yusen Kabushiki Kaisha (NYK) with the intention to divest a 45% ownership interest in the special purpose companies related to the lease and operation of the FSO Chalchi. SBM Offshore will remain the majority shareholder... Continue Reading →
Brazil Energy Insight 