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(Reuters) As Big Oil returns this week to the industry's annual showcase for offshore energy projects and equipment in Houston, deepwater discoveries off Guyana, Namibia and the U.S. Gulf Coast will take the spotlight. Offshore exploration had dimmed after the U.S. shale boom ushered in new and cheaper-to-tap supplies of oil, and as past offshore... Continue Reading →
(OE) Seatrium has secured a topsides integration contract from MODEC's company Offshore Frontier Solutions for the Errea Wittu floating production storage and offloading (FPSO) unit. The contract scope of work covers the installation and integration of topside modules onboard the FPSO Errea Wittu, and includes completion and commissioning support for MODEC. The FPSO will be... Continue Reading →
(OE) MODEC and JGC Corporation have completed a project to measure and quantify emissions of methane and other greenhouse gases from the FPSOs off the coast of Brazil which are chartered and operated by MODEC. It is the first time that Japanese companies have gained precise insights into the amount of major GHG emissions (methane,... Continue Reading →
(OE) Oslo-listed FPSO leasing company BW Offshore has completed the sale of its laid-up FPSO Polvo to BW Energy. The agreed price was $50 million, for which BW Energy $30 million upon the vessel transfer date, with the remaining $20 million provided as a seller’s credit by BW Offshore. BW Offshore has received the remaining... Continue Reading →
May 2, 2024 – The Chouest group is pleased to announce its acquisition of ROVOP, a leading remotely operated vehicle (ROV) company. With this acquisition, Chouest, alongside its subsea service company, C-Innovation, will now control a fleet of over 100 ROVs and 6 autonomous underwater vehicles (AUVs).Bringing ROVOP under the Chouest umbrella not only expands... Continue Reading →
(OE) Offshore drilling company Valaris has secured new contracts and extensions for its drilling rigs, increasing its contract backlog to approximately $4 billion. Since its latest fleet status report, issued on February 15, 2024, Valaris has secured approximately $480 million new contracts and contract extensions, increasing its backlog from $3.9 million. Drillships and Jack-Ups Deals... Continue Reading →
(Offshore-energy.biz) Offshore drilling contractor Transocean is looking forward to securing new assignments for its rig fleet, thanks to the high demand for offshore drilling services on the global oil and gas stage. The rig owner’s expectations of further long-term contracts are fueled by the current upcycle and deals awarded in the first quarter of 2024.... Continue Reading →
Petrobras has produced first gas through the P-68 platform serving the Berbigão and Sururu fields in the Santos Basin offshore Brazil, the company said in its latest results statement. It also conducted a scheduled shutdown of the Mexilhão Platform (Route 1) in the same basin for preventive maintenance, designed to ensure continued production, flow and natural gas supply operations. In... Continue Reading →
(OE) Norwegian offshore vessel operator DOF Group has secured two contracts with Brazil’s state-run oil and gas company Petrobras, worth over $192 million. Petrobras has awarded new long-term charter and service contracts to Norskan Offshore. and DOF Subsea Servicos Brasil, after a competitive tender process. The vessel Skandi Amazonas, which was on the spot market,... Continue Reading →
In 1Q24, average production of oil, NGL and natural gas reached 2,776 MMboed, increase of 3.7% when comparing with the same period last year (1Q23). Among the main factors behind this variation, we can highlight the ramp-up of the FPSOs Almirante Barroso, P-71, Anna Nery, Anita Garibaldi and Sepetiba, as well as the start-up of... Continue Reading →
Brazil Energy Insight 