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The first steel cutting ceremony was last week held at BOMESC yard in China for the topside of an FPSO to be deployed at an Equinor-operated Bacalhau oil field off Brazil. The Bacalhau FPSO will be deployed for the development of the first phase of the Bacalhau field in Brazil's pre-salt Santos Basin. To be... Continue Reading →
The Saipem Guyana Offshore Construction Facility, a new facility from Italy’s offshore contractor Saipem, has been inaugurated at the port of Georgetown in Guyana. Saipem and Guyana have been enjoying a fruitful interaction for the last four years, starting with the award of the ground-breaking Liza Phase 1 contract in 2017 by ExxonMobil. Since then, the company has... Continue Reading →
Offshore drilling contractor Transocean has agreed with Sembcorp Marine’s subsidiary, Jurong Shipyard Pte Ltd (JSPL), on the delayed delivery of two ultra-deepwater drillships. Transocean said on Monday that the agreement was made with the shipyard for the Deepwater Atlas and Deepwater Titan drillships. These two drillships were ordered by Transocean back in 2014 for a... Continue Reading →
U.S. oil major ExxonMobil is resuming operations at the Canje Block offshore Guyana with the drilling of the billion-barrel prospect Jabillo-1, using the Stena Carron Drillship. The news was shared by Westmount Energy, a company that owns a stake in one of ExxonMobil's Canje block partners. Westmount Energy said Monday it was "pleased to note... Continue Reading →
Following the completion of financial restructuring and the acquisition of rival Pacific Drilling, offshore drilling contractor Noble Corporation has received approval for listing its ordinary shares on the New York Stock Exchange (NYSE). Noble Corporation said in a statement on Friday that trading is expected to start under the ticker symbol “NE” at the market... Continue Reading →
Offshore accommodation rig provider Prosafe said Friday it had received support from lenders of its affiliated companies Prosafe SE and Prosafe Rigs Pte. Ltd. on debt restructuring proposal. "The company has received acknowledgment of credit approval (subject to certain conditions) in support of the Transaction from ca. 79% across the USD 1300 million facility and... Continue Reading →
Australia’s Karoon has taken the Final Investment Decision to proceed with the development of the Patola project located offshore Brazil. Following the first production, expected in 2023, the project will more than double Karoon’s current production rates. The Patola field is located within the 100 per cent Karoon-owned and operated BM-S-40 Production Licence in the Santos Basin,... Continue Reading →
Japanese FPSO specialist MODEC has been awarded the contract for the delivery of an FPSO unit for Equinor's Bacalhau development. The EPCI contract award follows the final investment decision for the development of the field, announced by Equinor and its partners Tuesday. The development of the field located in the Santos Basin will cost around $8 billion.... Continue Reading →
Oil and gas company Karoon Energy has exercised an option to add the drilling of two development wells at the Patola field offshore Brazil to the work scope of the Maersk Drilling-owned semi-submersible rig Maersk Developer. The work is expected to start in the second half of 2022, in direct continuation of the rig’s previously... Continue Reading →
(BUSINESS WIRE)--TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) today has been awarded its first integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract in Brazil by Karoon Energy (ASX:KAR) for the Patola field development. The contract covers engineering, procurement, construction and installation of subsea trees, flexible pipes and umbilicals. The project will take place at water depths of 300 meters... Continue Reading →
Brazil Energy Insight 