Wendy Laursen, Contributing Writer (OE) Energy ecosystems are evolving as the value of offshore power-to-X production is being realized Flexible and delivered in long lengths on reels in a fast-track operation, thermoplastic composite pipeline can transfer up to nine times the amount of energy as a cable and can be used to store hydrogen, increasing the... Continue Reading →
TotalEnergies makes new discovery of natural gas in ultra deepwaters in the Campos Basin
French company TotalEnergies made its second hydrocarbon discovery in block C-M-541, located in the pre-salt of the Santos Basin. The oil company informed the National Petroleum Agency (ANP) that it found signs of natural gas in well 1-TOT-3-RJS, in a water depth of 3,022 meters. To remember, TotalEnergies had already found oil and gas in... Continue Reading →
Transocean’s Quarterly Rig Fleet Report: $745 Million in Drilling Contracts Secured
(OE) Deepwater drilling contractor Transocean shared Thursday its quarterly offshore rig fleet status report, in which it said it had secured $745 million worth of drilling contracts. During the period, the company secured contracts for three drillships: Dhirubhai Deepwater KG1, Deepwater Aquila, and Deepwater Invictus. First, the Dhirubhai Deepwater KG1 drillship was awarded a 60-day extension in... Continue Reading →
Norwegian firm TMC to deliver compressors for SBM Offshore’s new FPSO
(OET) China Merchant Heavy Industries (CMHI) has contracted Norway-headquartered TMC Compressors to deliver the completed marine compressed air system for a newbuild FPSO the Chinese yard is constructing for Dutch FPSO operator SBM Offshore. Under the contract whose value remains undisclosed, TMC will provide a large-capacity marine compressed air system, including compressors for control and... Continue Reading →
Excelerate locks away FSRU to Petrobras on 10-year deal
New York-listed floating regasification specialist Excelerate Energy has secured a 10-year charter deal from Brazil’s Petrobras for the FSRU Sequoia. The agreement, effective January 1, 2024, will see the Texas-headquartered Excelerate continue to deploy the 2020-built unit to provide regasification services in Brazil at the Bahia regasification terminal in Salvador. Excelerate has provided regasification services in... Continue Reading →
Exxon expects to FID Guyana’s sixth oil project by Q1 2024
(Reuters) - Exxon Mobil Corp. (XOM.N) expects to make a final investment decision on its sixth oil project in Guyana by the first quarter of 2024, the company's country chief Alistair Routledge said on Tuesday. In August, Exxon and partners proposed a plan to spend $12.93 billion to develop the Whiptail offshore oil project. The floating production... Continue Reading →
(Correction)Petrobras breaks monthly and quarterly records for operated oil and gas production
Petróleo Brasileiro S.A. – Petrobras informs that it broke its quarterly record for operated oil and gas production in the third quarter of this year, with 3.98 MMboed (million barrels of oil equivalent per day), 7.8% above the second quarter. It also achieved a monthly record for operated production in September, with a volume of... Continue Reading →
Petrobras breaks monthly and quarterly records for operated oil and gas production
Petróleo Brasileiro S.A. – Petrobras informs that it broke its quarterly record for operated oil and gas production in the third quarter of this year, with 3.98 million barrels of oil equivalent (boe), 7.8% above the second quarter. It also achieved a monthly record for operated production in September, with a volume of 4.1 million... Continue Reading →
Petrobras and Norway Partner for Energy Transition
(YP) Petrobras is looking to strengthen its partnership with Norwegian companies on energy transition. The move comes as Brazil seeks to reduce its greenhouse gas emissions and achieve net-zero emissions by 2050. In a recent announcement during the event "The Role of Norway and Brazil in the Energy Transition" organized by the Brazil-Norway Chamber of... Continue Reading →
SBM Offshore awarded FEED contracts for Whiptail project in Guyana
SBM Offshore is pleased to announce it has been awarded contracts to perform Front End Engineering and Design (FEED) for a Floating Production, Storage and Offloading vessel (FPSO) for the Whiptail development project in Guyana. Following FEED and subject to government approvals in Guyana of the development plan, project sanction including final investment decision by... Continue Reading →