Allseas preps for huge subsea pipeline job at Brazil’s supergiant ultra-deepwater oil field

(offshore-energy.biz) Switzerland-headquartered offshore pipeline installation, heavy lift, and subsea construction contractor Allseas has put the wheels into motion to get ready for its new assignment on Brazil’s second largest oil field. With its headquarters in Switzerland and central engineering and project management office in the Netherlands, Allseas has opened a new project management and engineering... Continue Reading →

February 24, 2025 0

Exclusive: BP to ditch renewables goals and return focus to fossil fuels

(Reuters) - BP's chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil fuels, as part of a strategy shift announced on Wednesday to tackle investor concerns over earnings, two sources told Reuters. BP's shares have underperformed rivals in recent years and the oil major has already dropped... Continue Reading →

February 24, 2025 0

Guyana Set to Sign Oil Exploration Deal with TotalEnergies-Led Group

(Reuters) Guyana expects to soon sign an oil production-sharing agreement with a consortium led by France's TotalEnergies will allow it to explore an offshore area, Energy Minister Vickram Bharrat told Reuters. Guyana is the world's fastest-growing oil-producing country and is on course to reach capacity of 940,000 barrels per day this year - nearly 1%... Continue Reading →

February 24, 2025 0

Staatsolie Looks to Secure $1.5B to Join GranMorgu Project Off Suriname

(Reuters) Suriname's Staatsolie needs to secure an unprecedented $1.5 billion in bank financing this year to ensure it can participate in the country's Gran Morgu energy project, the head of the state-owned company told Reuters. The project, led by TotalEnergies, is Suriname's first major offshore project. The country has discovered reserves that may allow it... Continue Reading →

February 24, 2025 0

Shearwater Nets ExxonMobil’s Contract for 4D OBN Survey Off Guyana

(OE) Offshore seismic services firm Shearwater Geoservices has secured large deepwater 4D ocean bottom node (OBN) reservoir surveillance program by ExxonMobil Guyana. Under the contract, Shearwater will begin a six-month survey starting in the first half of 2025. The field unit will be comprised of a Shearwater seismic vessel as source vessel, and a dual... Continue Reading →

February 24, 2025 0

Italy’s Saipem and Norway’s Subsea7 Merger to Create Energy Services Giant

(OE) Energy services firms Saipem and Subsea7 have reached an agreement on the key terms for possible merger of the two companies under one unit to be named Saipem7, whose combined backlog would be over $45 billion. Saipem and Subsea7 shareholders will own 50% each of the share capital of the combined company, whose revenue... Continue Reading →

February 24, 2025 0

Seacrest Petróleo files for bankruptcy protection after collection proceedings from Petrobras and former financial advisor

(Valor Feb. 20, 2025) With a debt of R$3.3 billion, Seacrest Petróleo filed for bankruptcy protection in the Court of Justice of São Paulo. The company is seeking to suspend collection proceedings and early maturity of the debt for a period of 180 days. The decision to file came after the company received requests for... Continue Reading →

February 22, 2025 0

Guyana’s oil output fell to 620,000 bpd in January, government says

(Reuters) - Guyana's average oil production fell to some 620,000 barrels per day in January from 656,000 bpd in December, the lowest monthly figure since August, the Natural Resources Ministry said on Friday in a report. A consortium led by U.S. oil major Exxon Mobil and involving Hess and China's CNOOC controls all crude and gas output in... Continue Reading →

February 22, 2025 0

Petrobras considers cancelling FPSO tender after high bid, sources say

(Reuters) - Brazil's state-run oil firm Petrobras (PETR4.SA), opens new tab is considering cancelling a tender to charter a production storage and offloading vessel (FPSO) from India's Shapoorji Pallonji Energy, two sources with knowledge of the matter told Reuters. The state-run firm believes the bid by the Indian shipbuilding firm was too high, at $1.5 million per... Continue Reading →

February 22, 2025 0

Rystad Energy: Suriname set for exploration surge

(OM) The Guyana-Suriname basin has seen significant activity in recent years, with Guyana alone unearthing more than 13 billion barrels of oil equivalent (boe) of discovered volumes in the past decade. As operators in offshore Guyana continue to explore and develop its resources, the focus on its coastal neighbor, Suriname, is growing. Rystad Energy analysis forecasts... Continue Reading →

February 21, 2025 0

Brazil Energy Insight

Allseas preps for huge subsea pipeline job at Brazil’s supergiant ultra-deepwater oil field

Exclusive: BP to ditch renewables goals and return focus to fossil fuels

Guyana Set to Sign Oil Exploration Deal with TotalEnergies-Led Group

Staatsolie Looks to Secure $1.5B to Join GranMorgu Project Off Suriname

Shearwater Nets ExxonMobil’s Contract for 4D OBN Survey Off Guyana

Italy’s Saipem and Norway’s Subsea7 Merger to Create Energy Services Giant

Seacrest Petróleo files for bankruptcy protection after collection proceedings from Petrobras and former financial advisor

Guyana’s oil output fell to 620,000 bpd in January, government says

Petrobras considers cancelling FPSO tender after high bid, sources say

Rystad Energy: Suriname set for exploration surge

Archives

Contact Us