Category: Vessels

Belga Marine and Global Maritime Announce Strategic Partnership to Strengthen Offshore Solutions in Brazil

Nov. 17 - Belga Marine and Global Maritime are proud to announce a strategic partnership aimed at advancing safety, innovation, and operational excellence in Brazil’s offshore energy market. This collaboration will deliver comprehensive solutions tailored to the needs of developers and operators, marine contractors and vessel owners across the region, offering a broad portfolio of... Continue Reading →

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Exxon’s 2025 Golden Lane well targets positioned updip for optimal hydrocarbon recovery

Nov. 13 (oilnow.gy) Three of ExxonMobil’s 2025 exploration and appraisal wells in Guyana’s Stabroek Block — Hamlet-1, Barreleye-2, and Lukanani-2 — are strategically positioned updip of the prolific ‘Golden Lane’ trend. This is according to a November 11 report from global energy magazine GeoExPRO. “These targets are strategically positioned updip of the prolific ‘Golden Lane’... Continue Reading →

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Exxon hits 900,000 barrels of oil per day in Guyana as Yellowtail reaches full capacity

Nov. 13 (oilnow.gy) ExxonMobil Guyana announced on Wednesday that the country’s daily oil production has reached a new milestone of 900,000 barrels per day, following the ramp-up of the Yellowtail project to full capacity. Yellowtail, Guyana’s fourth offshore development, has achieved its designed production rate of 250,000 barrels of oil per day (bopd). This, combined... Continue Reading →

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SBM Offshore Ups 2025 Profit Outlook

Nov. 13 (Reuters) Dutch oil and gas services company SBM Offshore increased its annual earnings outlook for the second time this year on Thursday, lifting its shares, as operating performance improved. The Amsterdam-listed company reported a 26% increase in its directional revenue to $3.6 billion in the third quarter, helped by a 90% rise in... Continue Reading →

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Petrobras Takes Technical Precautions and Studies New Solutions to Explore Resources in the Equatorial Margin

Nov. 10 (PN) The great potential to be discovered in the basins of the Equatorial Margin motivated Petrobras to undertake a long and arduous environmental licensing process with IBAMA (Brazilian Institute of Environment and Renewable Natural Resources). Having overcome this stage, the oil company is now beginning to face the technical and economic challenges. Currently,... Continue Reading →

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