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Sept. 28 (Exxon) Producing one billion barrels of oil is an extraordinary milestone anywhere in the world. In Guyana, it represents a story of vision, partnership, and excellence that has reshaped the nation and the global energy landscape. Just over a decade ago, ExxonMobil and our co-venturers made a world-class discovery in Guyana's Stabroek block.... Continue Reading →
Sept. 28 (offshore-energy.biz) Just three months after installing a brand-new electrical system to boost its flagship Brazilian offshore field, Karoon Energy, an ASX-listed international oil and gas exploration and production player, is heading back to the drawing board. After noting a fault on the monitoring system of the SPS-92 well at the Baúna field, Karoon... Continue Reading →
Sept. 25 (TN) Porto do Açu and OceanPact signed a Letter of Intent (LOI) to expand the area occupied by the company at the port-industrial complex in São João da Barra (RJ). The agreement aims to expand OceanPact's operational capacity and strengthen infrastructure supporting the region's oil and gas supply chain. The agreement provides for... Continue Reading →
Sept. 24 - Petrobras plans to install a production platform at the Mãe de Ouro field—which has not yet been drilled—in the Potiguar Basin, should the discovery's potential be confirmed, stated Petrobras CEO Magda Chambriard. Ibama authorized offshore drilling for this block and three others in March of this year. "If this discovery plays out... Continue Reading →
Sept. 23- Petrobras has entered the commercial negotiation phase with the Malaysian builder and operator Yinson regarding the Albacora FPSO (P-88)—a project led by the state-owned company in the Campos Basin. The proposal was deemed valid by the company's technical team, and Petrobras will now negotiate for "better terms." Yinson submitted the lowest price in... Continue Reading →
Sept. 22 (oilnow.gy) Production from Guyana’s Yellowtail development in the Stabroek Block is expected to ramp up further before year-end, with ExxonMobil studying an optimization that could lift output from the ONE GUYANA floating production, storage and offloading (FPSO) vessel to around 290,000 barrels per day (b/d). The move to increase Yellowtail’s production by about... Continue Reading →
Sept. 22 (OE) Petrobras, Shell and Strohm have completed a qualification and offshore field trial program for a thermoplastic composite pipe flowline designed for high-CO2 conditions in Brazil's deepwater pre-salt, clearing the way for a Petrobras pilot installation planned for early 2027. The joint industry program included full-scale qualification and offshore trials of Strohm's corrosion-free... Continue Reading →
Sept. 21 (offshoreWIND.biz) Gazelle Wind Power has developed and tested a new floating offshore wind platform designed to support 18 MW turbines and beyond in extreme offshore conditions, with the company’s preliminary cost assessment indicating 44 per cent lower CAPEX and 52 per cent lower LCOE than the benchmark semi-submersible designs used in the study.... Continue Reading →
Sept. 18 (PN) Petrobras held the christening ceremony for the vessel Starnav Elektra this week in Rio. Built by the Detroit Shipyard in Itajaí (Santa Catarina), the Platform Supply Vessel (PSV) represents an investment of approximately R$ 450 million and is the first vessel delivered under the Open Sea Program (Programa Mar Aberto), an initiative... Continue Reading →
Sept.17 (PN) OceanPact and CBO confirmed this week the completion of their business combination, following final approval from the Administrative Council for Economic Defense (Cade) and the fulfillment of other conditions precedent. With the integration, CBO becomes part of OceanPact, while the Shipping unit is renamed OceanPact CBO. Upon completion of the transaction, the combined... Continue Reading →
