News
May 11, 2023
Equinor has, on behalf of the BM-C-33 license offshore Brazil with partners Repsol, Sinopec Brasil and Petrobras, awarded a contract for subsea umbilicals, risers and flowlines (SURF) to TechnipFMC, and a sales and purchase agreement (SPA) for the delivery of a floating production, storage and offloading (FPSO) unit to MODEC Inc.
News
May 09, 2023
QatarEnergy will own a 20% working interest in both blocks, where licensing of the new 3D seismic and associated exploration activities are planned. The remaining working interest is shared equally between TotalEnergies (Operator) and Staatsolie’s affiliate, Paradise Oil Company.
News
May 08, 2023
The concept selected for BM-C-33 is based on an FPSO, capable of processing natural gas and oil/condensate and specifying these for sale without a need for further onshore processing.
News
May 04, 2023
The final phase of the awarded scope of work includes the design, fabrication and installation of subsea structures, risers, flowlines, and umbilicals for a large subsea production facility. Saipem will perform the operations using its flagship vessels FDS2 and Saipem Constellation.
News
May 03, 2023
TechnipFMC will provide project management, engineering, and manufacturing to deliver the overall subsea production system. The award covers 44 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment.
News
April 29, 2023
Since U.S. President Joe Biden eased sanctions on Venezuela last year, Chevron has started lifting so much crude from the country that it’s had to put 600,000 bbl of it in storage in the Bahamas this month.
News
April 28, 2023
The company expects Uaru, the fifth project on Guyana’s offshore Stabroek block, to add approximately 250,000 bbl of daily capacity after a targeted startup in 2026.
News
April 27, 2023
The P-82 FPSO will be one of the largest vessels to be deployed in the Búzios field, an ultra-deepwater oil and gas field covering an area of 853 square kilometers in the Santos Basin, around 180 kilometers off the coast of Rio de Janeiro, Brazil.
News
April 25, 2023
The company will target an increase of two percentage points in its oil recovery factor, or the amount of crude that can be extracted from a reservoir, he added, without elaborating on what the technology will be.
News
April 18, 2023
Chief Executive Officer Doug Manner commented, "We are disappointed that our VMM-37 partner for more than a decade, ExxonMobil, has voluntarily chosen to withdraw from both the JOA and Contract.
News
April 17, 2023
With a fleet of 6 vessels (Large PSV, AHTS & Tugs) and the full range of marine services, Bourbon Guyana has operated in the country since 2019 and has since then successfully supported ExxonMobil Guyana and Saipem Guyana for the development of Stabroek field, promoting local employment with more than 70 Guyanese seafarers onboard its vessels.
News
April 17, 2023
Peru’s environmental authority OEFA said the oil spill at the port of La Pampilla refinery affected a 300 square meter area. It was discovered on April 15 at the multi buoy terminal 2, which is regularly inspected after a major oil spill affected the area last year
News
April 12, 2023
The FPSO vessel has three power modules, each with two Wärtsilä 50DF dual-fuel engines. Under the new contract, Wärtsilä will continue to have an onboard crew operating the modules on a 24/7 basis.
News
April 12, 2023
The additional term of the contract allows long-term investment in infrastructure and work programs to enhance oil recovery efficiency in existing fields, and appraisal drilling to potentially prolong the life of the fields.
News
April 10, 2023
The contract covers a firm term of 725 days and is expected to begin in Q3 2023, following the conclusion of the rig's ongoing activation.
News
April 06, 2023
The region is one of three countries ExxonMobil is attempting to capitalize on. While assets in Guyana and U.S. shale are looking positive, Exxon still hasn’t made an oil discovery in Brazil.
News
April 04, 2023
The FPSO’s design incorporates SBM Offshore’s Fast4Ward newbuild, multi-purpose hull. It will be the largest oil producing unit in Brazil with a processing capacity of 225,000 boe and 12 million m3 of gas per day.
News
March 28, 2023
Under the contract scope, McDermott will provide comprehensive FEED services for a wellhead platform, export pipeline system, shore approach, midstream pipeline and onshore control room.
News
March 24, 2023
“We will get market share,” Prates, Chief Executive Officer of Petrobras, said in an interview in Rio de Janeiro. “We may be the last to produce oil in the world.”
News
March 21, 2023
Covering 1,800 km2, Phase IV completes the programmed 14,500 km2 survey of newly acquired 3D data in deep and shallow water in the promising Guyana-Suriname basin. The program also includes over 6,400 km2 of reprocessed data. These new multi-client data will support Suriname’s deep and shallow water bid rounds.
