Offshore installation begins for Whiptail project’s subsea system

July 29 (oilnow.gy) Subsea installation activities have started for ExxonMobil Guyana’s Whiptail development in the Stabroek Block, ahead of the arrival and installation of the Jaguar floating production, storage and offloading (FPSO) vessel being constructed by SBM Offshore. ExxonMobil confirmed to OilNOW on July 28 that the ongoing offshore installation activities are related to the project’s subsea umbilicals,... Continue Reading →

July 29, 2026 0

Petrobras 2Q 2026 Operational Data

July 29 - Petrobras second quarter of 2026 production of oil and natural gas reached a record 3.34 million barrels of oil equivalent per day (boed)—up 14.1% from the same quarter last year and 3.4% from the first quarter of 2026. This growth was driven primarily by increased operational efficiency and the production ramp-up of... Continue Reading →

July 29, 2026 0

ABS: Demand for Floating Offshore Wind Vessels is Rising

July 28 (OE) Demand for high-capability offshore support vessels for floating offshore wind is expected to strengthen in the late 2020s, with availability constraints emerging in some segments as early as 2029, according to a new report from ABS. Produced by ABS in collaboration with Intelatus Global Partners, Floating Offshore Wind and the Vessels That Support... Continue Reading →

July 28, 2026 0

Noble revenue slips on rig suspensions and Black Sea exit

July 28 (splash247) Offshore driller Noble posted a $37m net loss for the second quarter of 2026 after operational suspensions affecting two rigs in Brazil weighed on revenue and utilisation. The quarterly loss compared with net income of $121m in the first quarter. Contract drilling services revenue fell to $679m from $743m in the previous... Continue Reading →

July 28, 2026 0

DOF Reshapes Fleet With Six-Vessel Transactions

July 23 (OE) DOF Group has agreed to sell four platform supply vessels (PSVs), acquire two construction support vessels (CSVs) under construction and declare a constructive total loss on the anchor handling tug supply (AHTS) vessel Skandi Amazonas, as the company continues to optimize and modernize its fleet. The company said it will sell the... Continue Reading →

July 23, 2026 0

Brazil’s Oil Boom Is Accelerating as Asian Buyers Flee the Middle East

July 22 (oilprice.com) Since Middle East hostilities reignited, oil prices have soared higher, although they remain below the highs witnessed during April 2026. This can be blamed on U.S. strikes against Iran, with Tehran and Washington disrupting traffic in the Strait of Hormuz, through which a fifth of global hydrocarbon supplies are shipped. This has sparked greater demand for Brazil’s... Continue Reading →

July 23, 2026 1

Saipem, Subsea 7 Merger Could Rise Prices, Lower Market Competition

July 22 (OE) Italian energy contractor Saipem's merger with Norwegian peer Subsea 7 may lead to price hikes and less innovation, EU antitrust regulators warned on Wednesday as they opened a full-scale investigation. The deal announced in February last year would create a leading global player in offshore energy services, from drilling and engineering to laying... Continue Reading →

July 22, 2026 0

Longtail expected to support stronger subsea tree awards in second half of 2026

July 16 (oilnow.gy) ExxonMobil’s planned Longtail development offshore Guyana is among the major projects expected to support stronger global subsea tree contract activity during the second half of 2026. Westwood Global Energy Group on July 15 identified Longtail as a key future source of demand as offshore operators advance large developments requiring subsea production equipment. Subsea... Continue Reading →

July 16, 2026 0

World-First Floating Wind Technology to Help Power Oil Rigs

July 16 (oilprice.com) It’s not often that wind power and oil and gas are mentioned in the same breath. The rare occasion concerns a new type of offshore wind turbine launched in China that will power the extraction of fossil fuels by offshore oil platforms. Developed by the China National Offshore Oil Corporation (CNOOC), the... Continue Reading →

July 16, 2026 0

Suriname’s GranMorgu FPSO Project to Evaluate Wind-Assisted Towing

July 16 (OE) STS joint venture, formed by SBM Offshore and Technip Energies, and TotalEnergies EP Suriname have signed an agreement with French company Beyond the Sea to evaluate wind-assisted kite traction towing for the GranMorgu floating production, storage and offloading (FPSO) vessel offshore Suriname. The partners will develop, install, test and operate a Wind... Continue Reading →

July 16, 2026 0