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Oil major ExxonMobil has revealed its disappointment with the performance of the Liza Destiny FPSO, operating on the Liza field off Guyana, following technical issues, which forced it to reduce output to a minimum. Offshore Energy has reported on this issue several times since the problems started in January 2021. The technical issue was related... Continue Reading →
Marine seismic company Polarcus has agreed standstill and settlement terms with its lenders who have committed to refrain from exercising any further security interests over the Polarcus Group or their assets. The agreement follows the lenders’ decision to take over Polarcus’ shipholding unit and vessels made late in January 2021, after the company defaulted on... Continue Reading →
Oil major ExxonMobil is in the final stages of testing the flash gas compression system on the Liza Destiny FPSO following technical issues and subsequent repairs. As previously reported, ExxonMobil started experiencing technical issues with the gas compressor on the SBM Offshore-owned FPSO Liza Destiny, which is working on the Liza field offshore Guyana, in January 2021. The... Continue Reading →
Oil and gas investment company ADM Energy which in March agreed to invest in the development of the Barracuda oil field in OML 141, an existing discovery and near-term production asset in swamp/shallow waters offshore Nigeria, has signed a deal with Eunissel to explore collaboration to develop the Barracuda. Under the term of the agreement, ADM... Continue Reading →
The Norwegian oil company Equinor recently decided on the concept of area development for block BM-C-33 in the Campos Basin. One of the main points of Equinor's undertaking will be the construction of an offshore pipeline, which will connect the platform vessel (FPSO) from the field to a gas receiving installation at the Cabiúnas Terminal,... Continue Reading →
Sacanb Offshore will debut in the Brazilian drilling market in August. The Indian group signed a contract with Petrobras to charter the Sevan Developer mono-column rig. The deal is the result of a 2020 tender by the oil company for the chartering of a drilling rig intended for operations in 2,400 m water depth. Source:... Continue Reading →
Norwegian offshore vessel operator Solstad Offshore said Thursday it has won a two-year charter for one of its platform supply vessels in Brazil. The vessel, Normand Starling, will support Shell's activities in the Brazilian waters. The two-year contract is firm for two years, to April 2023 and starts in direct continuation of the current contract... Continue Reading →
Oilfield services giant Halliburton has formed a global strategic alliance with Optime Subsea to jointly commercialize and deploy subsea interventions and controls. The alliance entails applying Optime Subsea’s Remotely Operated Controls System (ROCS) to Halliburton’s completion landing string services, the alliance partners informed. The companies will also collaborate and offer intervention and workover control system... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the production expected to start from Mero 1, through FPSO Guanabara, was postponed from the 4th quarter of 2021 to the 1st quarter of 2022. The FPSO will be installed in the Mero field, which belongs to the Libra Block, in the Santos Basin pre-salt area, with a processing... Continue Reading →
Italian oil and gas company Eni has made a new light oil discovery in Block 15/06, which is located in Angola’s deep offshore. Eni expects to start production from the well within six months through a fast-track tie-in to the Armada Olombendo FPSO. Eni said in an update on Tuesday that the well has been... Continue Reading →
Brazil Energy Insight 