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Dec. 1 (splash247.com) Seatrium has escalated its dispute with Maersk Offshore Wind’s affiliate Phoenix II, launching arbitration over the abrupt cancellation of a near-complete wind turbine installation vessel (WTIV) originally contracted at $475m. The Singapore yard filed its notice of arbitration on 28 November under London Maritime Arbitrators Association terms, seeking a ruling that Phoenix... Continue Reading →
Nov. 28 - Petrobras has postponed the contracting of two FPSO (floating production, storage and offloading) units until after 2030: one for the Albacora field revitalization project and the other for the second FPSO for Sergipe Águas Profundas (SEAP). Both units were left out of the horizon of the company's new 2026-2030 Business Plan. The... Continue Reading →
Nov. 28 (oilprice.com) After the discovery of oil in Suriname’s territorial waters in January 2020, the government in the capital Paramaribo pitched its hopes on an oil boom matching that of neighboring Guyana. You see, decades of economic mismanagement, excessive spending, and corruption wreaked havoc on the former Dutch colony’s economy. Over the last decade, gross... Continue Reading →
Nov 26 (Reuters) - Brazilian state-run oil firm Petrobras' five-year investment plan will see its first cut under President Luiz Inacio Lula da Silva's government due to lower oil prices, three sources familiar with the matter told Reuters. The new plan, to be unveiled on Thursday, is set to have a capital expenditure about 2%... Continue Reading →
Nov. 26 - Petrobras supplied three Transpetro ships with bunker fuel containing 24% renewable content. The operation took place at the São Sebastião Waterway Terminal (Tebar), in São Paulo. The fuel that supplied the vessels is composed of 24% biodiesel supplied by Petrobras Biocombustível (PBio). The ships Zumbi dos Palmares, with approximately 1,300 tons, and... Continue Reading →
Nov. 26 (oilnow.gy) Guyana is preparing for another major expansion of oil output, with the Uaru project set to start production in 2026. The development, located in the Stabroek Block, is the fifth project approved offshore the country. It is expected to move the country’s production capacity to around 1.1 million barrels of oil per... Continue Reading →
Nov. 25 - Petrobras' Bidding Committee announced that it has approved SBM Offshore's proposal in the tender for contracting the Sergipe Deepwater FPSO (SEAP) vessels. The approval was given during the proposal effectiveness evaluation phase. It's worth noting that SBM Offshore offered the lowest prices in the FPSO tender. The Dutch company submitted a total... Continue Reading →
Nov. 25 (oilnow.gy) Guyana’s Stabroek Block now has 51 discoveries filed with the Ministry of Natural Resources. ExxonMobil confirmed the figure in a release on Sunday, stating, “We have announced more than 30 significant discoveries in the Stabroek Block, while filing 51 Notices of Discovery with the Ministry.” ‘Significant discoveries’ are those that materially impact... Continue Reading →
Nov. 24 (oilnow.gy) The four floating production, storage and offloading vessels operating in the Stabroek Block have become the backbone of Guyana’s offshore industry, each larger and more advanced than the last. Together, Liza Destiny, Liza Unity, Prosperity and ONE GUYANA have pushed national output beyond 900,000 barrels per day, demonstrating how quickly ExxonMobil has... Continue Reading →
Nov. 21 - SISTAC, a company operating in the Brazilian market for inspection, maintenance, and repair of submerged structures for the oil and gas industry, has signed a long-term contract addendum with the Norwegian company DOF Subsea for operations in the Campos, Santos, and Espírito Santo basins. The partnership guarantees the continued use of divers... Continue Reading →
Brazil Energy Insight 