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June 30 (oilnow.gy) DOF Group ASA has secured a three-year contract for the Skandi Involver to support subsea work in Guyana’s Stabroek Block, where ExxonMobil Guyana Limited continues to advance offshore development activity. The Norway-based offshore and subsea services company announced on June 26 that the award was made through its North America subsea region.... Continue Reading →
June 30 (OE) Cidade de Niterói MV18 floating production, storage and offloading vessel (FPSO) unit, owned and operated by MODEC, has arrived at a ship recycling facility in Denmark after completing charter and operations and maintenance services for Petrobras at the Marlim Leste field offshore Brazil. The FPSO departed Brazil following the completion of demobilization... Continue Reading →
Amsterdam, June 29, 2026 SBM Offshore announces it has signed the project financing of FSO Chalchi for a total amount of US$465 million.The project financing is provided by a consortium of international banks and institutional investors and includes partial insurance cover from China Export & Credit Insurance Corporation. The project financing will be drawn during... Continue Reading →
June 25 (oinow.gy) SBM Offshore says the GranMorgu floating production, storage and offloading (FPSO) unit will be the largest FPSO it has delivered to date, as construction advances in China for Suriname’s first offshore oil development. Pierre Gaté, Country Entry Manager for SBM Offshore Suriname, provided the update on day 2 of the Suriname Energy,... Continue Reading →
June 25 (OE) Japanese offshore services company MODEC has secured a contract to supply a SOFEC internal turret mooring system for the Coral Norte floating liquefied natural gas (FLNG) project offshore Mozambique, being developed by Eni and its partners. MODEC is collaborating with the Technip Energies-JGC joint venture on the project to support integration and... Continue Reading →
On June 23, the Búzios field, located in the Santos Basin pre-salt, reached a record average daily production of 1.1 million barrels of oil per day, surpassing the 1-million mark achieved in October 2025. As the country's largest field in terms of production and reserve volume, Búzios accounts for approximately one-third of all oil production... Continue Reading →
June 24 (Reuters) - Energy producer TotalEnergies expects to begin a new well drilling campaign next year to extend its exploration targets in Suriname, the French company's vice president for exploration in the Americas said on Wednesday. TotalEnergies' largest development in Suriname, the $10.5 billion Gran Morgu offshore project, is set to begin oil output... Continue Reading →
June 23 (OE) Italian energy services company Saipem has launched operations for the GranMorgu offshore project in Suriname with the arrival of the multi-purpose construction vessel Normand Navigator at the Jules Sedney Harbour commercial port in Paramaribo. The vessel is berthed and ready to begin preliminary activities for the project, which is located in Block... Continue Reading →
June 22 (Reuters) - Azule Energy, a joint venture between BP and Eni, and its partners have approved the $5.1 billion Greater PAJ offshore oil project in Angola, company and government officials said at a signing ceremony on Monday. Partners in the project, Angola's first integrated cross-block development, include Norway's Equinor, Angola's oil and gas agency... Continue Reading →
June 19 (OE) The shareholder in offshore drilling contractor Vantage Drilling have approved its proposed merger with Norway-based Eldorado Drilling, advancing a transaction that values Vantage's equity at approximately $258 million. The approval was secured at a special general meeting held in Bermuda on June 18, where shareholders voted in favor of all resolutions related... Continue Reading →
Brazil Energy Insight 