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(Reuters) The U.S. will not renew a temporary license that widely eased sanctions on Venezuela's oil and gas sector unless progress is made by President Nicolas Maduro on commitments for free and fair elections this year, a State Department spokesperson said on Monday, three days before the license is to expire. The U.S. has been... Continue Reading →
Petrobras, in consortium with the companies CNOOC, CNODC and PPSA, reached a new milestone: the Buzios field reached 1 billion barrels of oil (bbl) produced. The feat was achieved on March 31st, and adds up to the production of the five units in operation in the largest field in the world in ultra-deep waters, the... Continue Reading →
(OE) Oilfield services company TechnipFMC has secured a ‘large contract’ from ExxonMobil to supply subsea production systems for the Whiptail development in Guyana’s Stabroek block. TechnipFMC will provide project management, engineering, and manufacturing to deliver 48 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment. For TechnipFMC, a... Continue Reading →
ExxonMobil Guyana has awarded Strohm a TCP “Jumper On Demand” contract for the supply of TCP for the Whiptail project. This brings the project count for the Netherlands-based manufacturer to three for ExxonMobil Guyana, following previous awards for the Yellowtail and Uaru projects. This latest award marks the largest commercial award for pipe supply in... Continue Reading →
(Reuters) Japan has agreed to partner with the United States to help reduce the cost of floating offshore wind projects, the White House said in a statement released during Prime Minister Fumio Kishida's visit to Washington to meet with President Joe Biden. Under the agreement, Japan and the U.S. would work to accelerate developments in... Continue Reading →
(OE) Oilfield services and technology company SLB has been awarded three contracts by Petrobras for completion hardware and services for up to 35 subsea wells in the development of Buzios Wave II offshore oil field. The scope of the contract includes SLB’s full bore electric interval control valves and electric subsurface safety valves. The award... Continue Reading →
(Reuters Breakingviews) - Cable maker Prysmian (PRY.MI), opens new tab is once again in expansion mode. Six years after swooping on General Cable, opens new tab, the acquisitive $15 billion manufacturer of electric wires and fiber connections has agreed, opens new tab to buy smaller U.S. rival Encore Wire (WIRE.O), opens new tab for about $4.2 billion. The deal does not come... Continue Reading →
(OE) Italian offshore energy services firm Saipem has received authorization to proceed with the execution of works for ExxonMobil’s Whiptail oilfield development project, in the Starbroek block offshore Guyana. The go-ahead from ExxonMobil Guyana Limited has been granted following the final project sanction by the client and its coventurers and to the necessary regulatory clearances.... Continue Reading →
(OE) Norwegian company Miko Marine has secured a contract from Offshore Frontier Solutions, a MODEC Group company, for the supply of sea inlet covers for its new floating production storage and offloading (FPSO) Errea Wittu, being built for ExxonMobil. Miko will supply two sea chest covers and two sets of pipe covers. The covers use... Continue Reading →
SBM Offshore is pleased to announce that ExxonMobil Guyana Limited (“EMGL”) has confirmed the award of contracts for the Whiptail development project located in the Stabroek Block in Guyana. Under these contracts, SBM Offshore will construct and install FPSO Jaguar. Ownership will transfer to EMGL prior to the FPSO’s installation in Guyana, and SBM Offshore... Continue Reading →
Brazil Energy Insight 