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(oilnow.gy) Staatsolie said Suriname’s first oil development in the shared basin could cost US$13.2 billion. This would represent the highest development expense for such a project, costing more than any of the six projects already sanctioned for nearby Guyana in the same basin. TotalEnergies, the operator for the Gran Morgu project, had said the project’s estimated cost is... Continue Reading →
(OffshoreWIND.biz) In offshoreWIND.biz‘s 2023 annual wind turbine overview from January 2024, you could have read about the first 16 MW model installed offshore and a 22 MW turbine about to enter development. Fast forward twelve months, a 21 MW prototype in Europe and 22 MW and 26 prototypes in China are expected to soon be installed... Continue Reading →
(offshore-energy.biz) The global offshore energy industry’s floating production solutions have come a long way from their humble beginnings and seem to be poised to continue their evolution driven by the need to tap deeper into challenging offshore environments buttressed by growing energy demand, rising security of supply concerns, and increasing climate change prompts to pivot... Continue Reading →
BRAVA ENERGIA S.A. (“BRAVA” or "Company") (B3: BRAV3), pursuant to CVM Resolution No. 44, in sequence of the Material Fact disclosed on December 30, 2024 regarding the authorization of the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) for the start of operations of the FPSO Atlanta (Definitive System), informs its investors and the... Continue Reading →
(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 →
Brazil Energy Insight 