Yinson Production confirms first oil from its third FPSO in Brazil

(offshore-energy.biz) Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, has highlighted that its third floating production, storage, and offloading (FPSO) unit in Brazilian waters, which recently achieved first oil, will feature a carbon management process plant to decarbonize the FPSO operations in line with the firm’s sustainability goals. The... Continue Reading →

January 9, 2025 0

Macquarie Finalizes Acquisition of Offshore Wind O&M Company Ziton

(offshoreWIND.biz) Macquarie Asset Management, through Macquarie European Infrastructure Fund 7, has completed the acquisition of Ziton, a provider of operations and maintenance (O&M) services to the offshore wind industry. “This is a significant milestone for ZITON, as Macquarie’s investment validates the strong company we have built. With our solid market position, excellent customer relationships, and... Continue Reading →

January 9, 2025 0

Guyana tops rankings in total oil discovered since 2015 – Rystad Energy

(oilnow.gy) Since 2015, Guyana has emerged as the global leader in oil discoveries, with unmatched volumes boosting its position in the energy sector, according to Rystad Energy. The Norway-based intelligence company ranked Guyana against 19 other countries. They estimate that Guyana’s recoverable resource is over 13 billion barrels of oil equivalent (boe) since the initial... Continue Reading →

January 9, 2025 0

Prosafe’s Safe Zephyrus Accommodation Rig to Stay Offshore Brazil

Offshore accommodation rig provider Prosafe has signed a contract extension with Petrobras for the provision of the Safe Zephyrus semi-submersible vessel for safety and maintenance support offshore Brazil. The original 650-day firm period was due to complete in February 2025, but has been extended by 954 days, bringing in $109.7 million to Prosafe. The extension... Continue Reading →

January 9, 2025 0

Exail announces first sale of DriX O-16 transoceanic Uncrewed Surface Vessel

Exail is proud to announce the first sale of its DriX O-16, a transoceanic Uncrewed Surface Vessel (USV). Designed for long-range maritime operations, it has been acquired by an Indo-Pacific customer operating in the civil sector. Equipped with advanced sensors, including a full-depth Multibeam Echosounder, the DriX O-16 enables operators to collect precise data for... Continue Reading →

January 8, 2025 0

Port of Açu and Yamna announce agreement to reserve an area for the development of a green ammonia plant

(TN) Port of Açu and Yamna, an English company specialized in the production of green hydrogen and its derivatives, have signed an agreement to reserve an area in the low-carbon hub of Port of Açu, located in the North of Rio de Janeiro, for the implementation of a green ammonia plant. The port complex is... Continue Reading →

January 8, 2025 0

Shell Flags Lower Gas Earnings as 2024 Ended on a Weak Note

(Bloomberg) -- Shell Plc said its natural gas divisions saw lower sales volumes and trading earnings, the latest sign that 2024 ended on a weak note for major energy companies. The warning on Shell’s crucial natural gas division, in a fourth-quarter trading update published on Wednesday, was accompanied by figures showing a slight rise in... Continue Reading →

January 8, 2025 0

Allseas delivers 700-kilometer natural gas pipeline off Mexico

(offshore-energy.biz) Allseas has completed its offshore pipelay commitments for a 700-kilometer-long natural gas pipeline in Mexico ahead of schedule, for its client TC Energy. The Southeast Gateway 36-inch natural gas pipeline runs south along the coast from Tuxpan through the Gulf of Mexico to Coatzacoalcos and Dos Bocas. Allseas delivered the pipeline in 11 months, which... Continue Reading →

January 8, 2025 0

Guyana oil exports jump, gain Europe market share in 2024

(Reuters) - Guyana's oil exports rose 54% last year to some 582,000 barrels per day (bpd), fueled by European refiners' demand for easy-to-process sweet crudes to replace some Middle Eastern grades, according to traders and shipping data from financial firm LSEG. Since it started exporting oil in early 2020, the burgeoning oil nation has emerged as the... Continue Reading →

January 8, 2025 0

ExxonMobil Braces for Lower Quarterly Earnings Statement

(Reuters) Exxon Mobil signaled on Tuesday that sharply lower oil refining profits and weakness across all its businesses would reduce its fourth-quarter earnings by about $1.75 billion from the prior quarter. The oil major also said in an SEC filing that upstream asset sales would benefit results by about $400 million, but overall impairments would... Continue Reading →

January 8, 2025 0

Brazil Energy Insight

Yinson Production confirms first oil from its third FPSO in Brazil

Macquarie Finalizes Acquisition of Offshore Wind O&M Company Ziton

Guyana tops rankings in total oil discovered since 2015 – Rystad Energy

Prosafe’s Safe Zephyrus Accommodation Rig to Stay Offshore Brazil

Exail announces first sale of DriX O-16 transoceanic Uncrewed Surface Vessel

Port of Açu and Yamna announce agreement to reserve an area for the development of a green ammonia plant

Shell Flags Lower Gas Earnings as 2024 Ended on a Weak Note

Allseas delivers 700-kilometer natural gas pipeline off Mexico

Guyana oil exports jump, gain Europe market share in 2024

ExxonMobil Braces for Lower Quarterly Earnings Statement

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