Category: Vessels

Brazil National Production of oil and natural gas increased in May and reached 4.234 million barrels of oil equivalent per day (boe/d)

(TN) ANP released today (2/7) the Monthly Oil and Natural Gas Production Bulletin for May 2024, which provides consolidated data on national production. This month, there was an increase in oil and natural gas production, and also in pre-salt production.Total production (oil + natural gas) was 4.234 million barrels of oil equivalent per day (boe/d).Regarding... Continue Reading →

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Petrobras (PBR) Puts Off the Barracuda-Caratinga FPSO Tender

(Zack's) Petrobras PBR, the state-controlled oil company in Brazil, has once again delayed the bid submission deadline for chartering a floating production, storage and offloading (FPSO) vessel aimed at revitalizing operations in the Barracuda-Caratinga field within the Campos Basin. This recurring postponement reflects PBR's ongoing challenges in garnering sufficient interest from floater companies for its bidding... Continue Reading →

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Transocean drillship embarks on maiden gig with Petrobras in Brazil

(Offshore-energy.biz) Switzerland-based offshore drilling contractor Transocean has gotten down to business in Brazil, where its newbuild ultra-deepwater drillship set the ball rolling on its inaugural drilling assignment with the country’s state-owned energy giant Petrobras. Following a purchase agreement at the end of 2022 for the acquisition of the Deepwater Aquila (ex-West Aquila) drillship for $200 million from Hanwha Ocean,... Continue Reading →

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Archer Acquires Norwegian Floating Wind Solutions Provider

(OE) Oilfield services firm Archer has entered into an agreement with Remold Invest to fully acquire the floating offshore wind solutions provider Moreld Ocean Wind (MOW), including a minority stake in U.S.-French technology company Ocergy (OCY). With around 30 engineers based in Norway, MOW delivers project management and engineering for fabrication and assembly of floating... Continue Reading →

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MODEC and Terra Drone Join Forces for FPSO Drone Inspections

(OE) MODEC and Terra Drone Corporation have entered into a joint research and development agreement to enhance inspection drones for floating production, storage and offloading (FPSO) vessels. The agreement follows the memorandum of understanding signed by the companies in November 2023. Since, MODEC has continuously utilized Terra Drone’s drone technology to measure the hull thickness... Continue Reading →

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Does an OSV Newbuild Boom Loom?

Jesper Skjong, Contributor (OE) There are solid underlying fundamentals that are driving the increased vessel demand, chief among them is the increased offshore upstream investment on a global level. Overall, spending on exploration and production is set to increase roughly 45% from 2021 to 2025, reaching a total of almost $200 billion in the latter year.... Continue Reading →

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ExxonMobil (XOM) Initiates Lau-Lau 2 Appraisal Offshore Guyana

(Zack's) ExxonMobil Corporation XOM has started appraisal activities at the Lau-Lau 2 well site, in the Starbroek block, offshore Guyana. Previously, in 2022, ExxonMobil had discovered 96 meters of high-quality sandstone reservoirs containing hydrocarbons at the Lau-Lau 1 exploration well site. The announcement was made by Guyana’s Maritime Administration Department (“MARAD”). MARAD also mentioned that the... Continue Reading →

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