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(OE) Offshore drilling contractor Noble Corporation has signed a contract with Petronas Suriname E&P for the high-specification semi-submersible rig Noble Developer to drill three wells offshore Suriname. The contract is expected to start around June 2025, with an estimated duration of 200 days. The firm contract value is approximately $84 million including additional services provided,... Continue Reading →
(OE) Petrobras has awarded contracts to Seadrill’s two ultra-deepwater drillships – West Jupiter and West Tellus – for work offshore Brazil. West Jupiter has been hired under a 1,095-day contract, following a competitive tender process. The contract will contribute approximately $493 million to Seadrill’s order backlog, including additional services and excluding a mobilization fee of... Continue Reading →
Vestas has received a 315 MW turbine supply order for the Oga Katagami Akita offshore wind project in Akita Prefecture in Japan. The project is being developed by Oga Katagami Akita Offshore Green Energy, a consortium consisting of JERA, Electric Power Development (J-POWER), Tohoku Electric Power (Tohoku EPCO), and ITOCHU Corp. The order includes 21... Continue Reading →
(Reuters) - The U.S. Export-Import Bank approved a $526 million loan to Guyana for an energy project designed to double the South American country's installed electric capacity and reduce oil imports, the Guyanese government and Ex-Im said on Thursday. The project, which falls under Ex-Im's mandate to help exporters facing competition from China, will use... Continue Reading →
(oilnow.gy) ExxonMobil continues drilling at the Haimara-3 well, appraising its Haimara-1 gas discovery of 2019. Guyana’s Maritime Administration Department (MARAD) said the Stena Carron rig will be engaged in drilling at the Stabroek Block, with the operation set to conclude by December 31, 2024. Previous drilling at the well was conducted in July with the Stena DrillMAX,... Continue Reading →
(OE) Saipem SA and Saipem do Brasil have become fully operational with state-owned companies in the Brazilian market following the annulment of the prohibitory sanctions issued by the Federal Court of Brasilia. On December 20, 2024, the Federal District Court of Brasilia, ruling on the petition of Saipem SA and Saipem do Brasil, established that... Continue Reading →
(Reuters) - Japan's industry and land ministries on Tuesday selected two consortiums, one including energy major BP, as operators for two offshore wind blocks in a third major round of public auctions. The results of this round held under a law promoting wind power development, were closely watched by domestic and international energy companies weighing... Continue Reading →
(OE) Offshore drilling contractor Constellation has secured an extension of the current contract for its semi-submersible drilling rig Atlantic Star with Petrobras, worth up to $61 million. The contract extension is for an additional period of up to 301 days, and confirms the continuity of the operations that began in 2021. In recent years, the... Continue Reading →
(OE) Offshore seismic services firm Shearwater Geoservices has been given a go-ahead from Petrobras to start one of the two 4D projects covering the Jubarte and Tartaruga Verde fields in the Campos Basin area. Under the eight-month contract, announced in January 4, 2023, Shearwater will use its high-capacity vessel Oceanic Vega and will start imminently.... Continue Reading →
SBM Offshore and ExxonMobil Guyana Ltd, an affiliate of Exxon Mobil Corporation, have completed the transaction related to the purchase of FPSO Liza Destiny, ahead of the maximum lease term, which would have expired in December 2029. The purchase allows ExxonMobil Guyana to assume ownership of the unit while SBM Offshore will continue to operate... Continue Reading →
Brazil Energy Insight 