Windthrust Working on All-in-one Floating Port and Installation Vessel for Offshore Wind Sector

Windthrust, a subsidiary of Australian-based, National Ports Corporation, has revealed plans for a 300 meters long, combined self-propelled floating port and installation vessel for foundations, wind turbines, and substation - named the Oceandock LX. "Windthrust has been working closely with offshore wind farm market leaders from Northern Europe to identify the key factors and requirements... Continue Reading →

November 19, 2020 0

PetroRio buys stakes in two BP fields off Brazil

Brazilian oil and gas company PetroRio has signed an agreement with BP for the acquisition of interests in two fields offshore Brazil. PetroRio said on Thursday that the agreement was for the acquisition of 35.7 per cent interest in the BM-C-30 block which consists the Wahoo field. The deal also includes the buy of the... Continue Reading →

November 19, 2020 0

Petrobras Extends Charters for Transocean Drillship Duo

Offshore drilling contractor Transocean has secured contract extensions for two of its 2011-built drillships with Brazil's national oil company Petrobras. Transocean said Wednesday that Petrobras had exercised a 680-day option for the Deepwater Corcovado drillship, and an 815-day option for the Deepwater Mykonos drillship. Transocean acquired both ultra-deepwater drillships through the acquisition of its rival Ocean... Continue Reading →

November 19, 2020 0

ExxonMobil Makes Non-Commercial Discovery at Guyana’s Deepest Offshore Well

U.S. oil major ExxonMobil has made another oil discovery off Guyana, at the Tanager-1 well, however, the discovery is reported as non-commercial. Unlike Exxon's previous Guyana wells which were drilled in the Stabroek offshore block, and which unearthed more than 8 billion barrels of oil, the Tanager-1 well was drilled in the nearby Kaieteur Block. Westmount Energy, which... Continue Reading →

November 17, 2020 0

Topside Integration Works Kick Off on Liza Unity FPSO in Singapore

SBM Offshore, a Dutch FPSO specialist, has informed that the topside integration phase has kicked off in Singapore on the Liza Unity FPSO. Once completed the FPSO will be deployed at ExxonMobil's Stabroek offshore block in Guyana, and will be Guyana's second FPSO in production. "Progress [with the Liza Unity FPSO] picked up pace when... Continue Reading →

November 16, 2020 0

Rystad: Oil and Gas Exploration Activity in 2020 ‘Resilient’ Despite Covid-19

Norwegian energy intelligence group Rystad Energy has said that oil and gas exploration activity in 2020 has been resilient, despite concerns that Covid-19 could drive down discovered volumes to their lowest levels in decades. "Found resources already exceed 8 billion barrels of oil equivalent (boe) and are projected to settle at around 10 billion boe... Continue Reading →

November 16, 2020 0

Modec Takes Delivery of Carioca MV30 FPSO

Chinese shipbuilder Cosco Dalian has completed the construction of the Carioca MV30 FPSO for Japan's Modec. The 332 meters long Carioca FPSO - converted from Flandre VLCC - will be deployed at the Sépia field operated by Petrobras, located in the “pre-salt” region of the Santos Basin some 250 kilometers off the coast of Rio de Janeiro,... Continue Reading →

November 13, 2020 0

TechnipFMC delivers its largest wet Christmas tree ever made

TechnipFMC handed over the unit to Shell. Another six similar ones will be delivered to the Anglo-Dutch company by January 2022, and, like the first, will be manufactured at Rio Manufacturing Hub, in Rio de Janeiro (RJ). How the equipment will be used in the Appomattox field, located in deep waters in the Gulf of... Continue Reading →

November 13, 2020 0

UK Fraud Office Secures Assets Linked to Brazilian Bribery Scandal

The UK Serious Fraud Office (SFO) said on Thursday it had secured just under 1.2 million pounds ($1.6 million) from a Brazilian national implicated in Brazil's "Operation Car Wash", the country's biggest bribery investigation that began in 2014. The SFO said it opened a civil recovery investigation into Julio Faerman in 2015 after the former... Continue Reading →

November 13, 2020 0

Petrobras on agreement with Sete Brasil

Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on September 28, 2020, informs that its Executive Board approved a new change in the deadline for certain conditions set forth in the agreement signed with Sete Brasil to be implemented. Thus, the effectiveness of the agreement and of the other related contracts will... Continue Reading →

November 12, 2020 0