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(OEE) Portuguese oil and gas company Galp is gearing up to start drilling a well in an offshore block in Namibia, near the giant oil discoveries made recently by TotalEnergies and Shell. In May, Galp entered into a contract with SFL Corporation for the semi-submersible rig Hercules. The 115-day contract, prior to any extension option exercise, is... Continue Reading →
(OET) China Merchant Heavy Industries (CMHI) has contracted Norway-headquartered TMC Compressors to deliver the completed marine compressed air system for a newbuild FPSO the Chinese yard is constructing for Dutch FPSO operator SBM Offshore. Under the contract whose value remains undisclosed, TMC will provide a large-capacity marine compressed air system, including compressors for control and... Continue Reading →
Unfortunately it is a perpetual rerun of the same movie... (Reuters) - As Argentina prepares for a crunch presidential election, the old adage rings true: 'it's the economy, stupid'. Inflation is at 138%, net reserves of foreign currency are in the red, savers are ditching the peso, and a recession is looming. The country goes... Continue Reading →
(OW) The PivotBuoy Project, developed by X1 Wind in collaboration with nine industry and R&D partners, has finalized its offshore demonstration in Spain with what the partners describe as ”excellent results that promise to revolutionize the floating wind industry”. The Spanish firm’s X30 platform was tested in full operational conditions at PLOCAN offshore the Canary Islands... Continue Reading →
All offshore survey campaigns have been completed across the Pentland floating offshore wind farm’s site area and cable corridor in Scotland. “This is a significant milestone for any offshore wind development, and we are pleased to have safely and successfully completed a number of survey and monitoring campaigns over the past three years that gives... Continue Reading →
(TN) Five blocks will be on offer in the public session of the 2nd Cycle of the Permanent Production Sharing Offer (OPP): Cruzeiro do Sul, Esmeralda, Jade, Tupinambá and Turmalina. The public session will take place on 12/13. The blocks on offer in the 2nd Cycle of the OPP were by the Special Bidding Committee... Continue Reading →
(Reuters) The United States has granted an amendment requested by the government of Trinidad and Tobago to a license allowing the joint development of an offshore gas project with Venezuela, the Caribbean country's Energy Minister Stuart Young said on Tuesday. The amendment would allow payments in hard currency or in kind to Venezuela for any gas supplied by state-run... Continue Reading →
(Reuters) More than 20 companies including Exxon Mobil, a unit of Saudi Aramco, BP and Shell have submitted bids to compete for a contract to market Guyana's share of oil production, the government said on Tuesday. The 12-month contract, which allows the country to export its portion of crude produced offshore by a consortium led... Continue Reading →
(TN) The Caraguatatuba (UTGCA) and Cabiúnas (UTGCAB) natural gas processing units, belonging to Petrobras, broke a gas processing record from the Santos Basin Pre-Salt, in September. During the period, the mark of 28.96 million m³/d of gas was reached, surpassing the previous record of 27.27 million m³/d reached in March 2022. Currently, gas from the... Continue Reading →
New York-listed floating regasification specialist Excelerate Energy has secured a 10-year charter deal from Brazil’s Petrobras for the FSRU Sequoia. The agreement, effective January 1, 2024, will see the Texas-headquartered Excelerate continue to deploy the 2020-built unit to provide regasification services in Brazil at the Bahia regasification terminal in Salvador. Excelerate has provided regasification services in... Continue Reading →
Brazil Energy Insight 