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(OE) N'GENIUS claims its high-strength austenitic stainless steels will transform the design and construction of onshore and offshore oil, gas, and LNG facilities."The global demand for LNG is projected to reach 700 million tonnes per year by 2040 fuelling the need for greater LNG infrastructure including import receiving and export terminals, FLNG vessels, and LNG... Continue Reading →
The global deep-water drilling giant Transocean has been awarded contracts in Brazil worth $1.04 billion for two ultra-deepwater drillships. Transocean said its drillships Deepwater Corcovado and Deepwater Orion would work offshore Brazil for a national oil company. Deepwater Corcovado was awarded a four-year contract, which contributes an estimated $583 million in backlog and is expected... Continue Reading →
(OM) TotalEnergies and joint venture partner APA Corp. have switched their focus in Block 58 offshore Suriname to a well test on the Sapakara-South-2 (SPS-2) appraisal well. This follows a non-commercial result from recently concluded drilling operations on the Awari prospect in the previously untested northwest part of the block. SPS-2 is 4.6 km south of the Sapakara South-1... Continue Reading →
(OED) Oil and gas company TotalEnergies has completed drilling the Awari exploration well offshore Suriname without encountering commercial hydrocarbon volumes. The news was shared Monday by APA Corporation, TotalEnergies' partner in Block 58, where the well was drilled. APA holds 50% working interest, while TotalEnergies is the operator on the block with a 50% working interest.... Continue Reading →
Suriname's Staatsolie Hydrocarbon Institute (SHI) has this week announced the launch of a competitive bid round for six new oil and gas exploration blocks. The blocks are located in the currently sparsely explored Demerara acreage of Suriname. The blocks are located east of the country's recent offshore discoveries and sit in water depths varying from... Continue Reading →
(OEM) Offshore drilling contractor Transocean has secured more work for its fleet of offshore drilling rigs in the Gulf of Mexico, Brazil, Suriname, Norway, the UK, and India. On Thursday, Transocean published its quarterly fleet status report, detailing some of the recently announced deals and adding several new ones. The aggregate incremental backlog associated with... Continue Reading →
(U) Petrobras is confident of getting over the final hurdle and obtaining environmental permits to drill at a location close to the maritime frontier of French Guiana Brazil's Petrobras is set to conduct a pre-operational simulation as the final step to obtaining environmental permits to drill a landmark wildcat in the northern Brazilian offshore play... Continue Reading →
CorPower Ocean, Maersk Supply Service, and Dieseko have installed the first commercial-scale UMACK anchor to support the HiWave-5 wave energy demonstration project. The novel anchor has been installed 4 kilometers off the coast of Aguçadoura, in northern Portugal, where it will be used to anchor the CorPower C4 wave energy converter, as part of the company’s... Continue Reading →
TotalEnergies E&P Suriname has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to its contract for the Maersk Drilling's Maersk Valiant drillship. The contract extension is expected to start in January 2023, in direct continuation of the rig’s current work scope, with an estimated duration of 100... Continue Reading →
(OM) The global energy market continues to shift dynamically, from being oversupplied in 2020 to presently having a deficit, a trend which has been exacerbated by the ongoing Russian-Ukrainian conflict. Additionally, years of underinvestment in hydrocarbon projects has only amplified this deficit. The result: elevating the stature of nations with hydrocarbon reserves that can be... Continue Reading →
Brazil Energy Insight 