Oct. 27 (oilnow.gy) Eco Atlantic Oil and Gas is taking a fresh look at its 2019 Jethro-Lobe discovery offshore Guyana, after ExxonMobil’s Hammerhead project proved that heavy oil finds in the basin can be commercially developed. Chief Executive Officer Gil Holzman said in a recent interview that Exxon’s decision to advance Hammerhead has reshaped how Eco views its Orinduik... Continue Reading →

Oct. 24 (OE) Offshore accommodation rig provider Floatel International has signed a new Letter of Intent for its Floatel Victory vessel. Floatel Victory is set to provide Maintenance and Safety Unit (MSU) services offshore Brazil. The MSU assignment is for six to seven months, with the start of operations scheduled for autumn 2026. Built in... Continue Reading →

Oct. 20 – Petróleo Brasileiro S.A. – Petrobras, following up on the announcement made on July 23, 2025, informs that it has signed the Expenses and Volumes Equalization Agreement (AEGV) with PPSA (Pré-Sal Petróleo S.A.), resulting from the Production Individualization Agreement (AIP) for the Jubarte Pre-Salt Shared Reservoir. The amount owed by Petrobras to PPSA... Continue Reading →

Oct. 7 (Reuters) Danish offshore wind developer Orsted maintains a plan to complete its offshore Sunrise Wind project in the United States in the second half of 2027, the company's CEO Rasmus Errboe told reporters on Tuesday. Orsted has meanwhile fully resumed work on the 80% complete U.S. Revolution Wind project, after a federal judge... Continue Reading →

(OE) BP has made an oil and gas discovery at the Bumerangue prospect in the deepwater offshore Brazil, its largest discovery in 25 years. BP drilled exploration well 1-BP-13-SPS at the Bumerangue block, located in the Santos Basin, 404 kilometers (218 nautical miles) from Rio de Janeiro, in a water depth of 2,372 meters. The... Continue Reading →

(offshore-energy.biz) Japan’s MODEC has completed a phase in the construction of a floating production storage and offloading (FPSO) unit to be deployed to a project offshore Guyana operated by the U.S.-headquartered oil and gas giant ExxonMobil. MODEC described the hull sailaway ceremony of the FPSO Errea Wittu in China and arrival in Singapore on June 28 as a... Continue Reading →

(Reuters) - Israel's attack on Iran is unlikely to cause a major disruption to oil supply, analysts at two major banks said, but a worst-case scenario involving blockades in the Strait of Hormuz could push prices above $100 per barrel, Goldman Sachs said. Oil prices climbed nearly 9% after Israel launched widescale strikes against Iran targeting nuclear facilities and... Continue Reading →

John Posey Chadderdon July 2, 1965 - Feb. 2, 2025From Board of DirectorsQuest Floating Wind Energy, LLCIt is with great sadness and heavy hearts that we announce the passing of our long-time friend and business partner John Chadderdon. John had been ill for some time and over the last year saw himself confronted with increasingly serious health... Continue Reading →

(TN) The National Energy Policy Council (CNPE) approved the inclusion of the Cerussita, Aragonita, Rodocrosita, Malaquita, Opala, Quartzo and Calcedônia blocks in the Permanent Production Sharing Offer (OPP). The blocks are located in the pre-salt layer of the Santos Basin. Local Content At the meeting held today, the CNPE also approved a resolution that establishes... Continue Reading →