Japanese FPSO supplier MODEC has won a contract with Equinor to supply an FPSO vessel for the BM-C-33 block of the Campos Basin offshore Brazil. The order comes just days after Equinor and its partners Repsol Sinopec Brasil, and Petrobras took…
Brazilian oil company Petro Rio said Tuesday it had found evidence of oil in the Maracanã prospect (3-PRIO-1-RJS well), which is located 6km southwest of Valente FPSO (ex-Frade FPSO).The primary target (Eocene sandstone), presented a column of 36 meters of oil…
Suriname's state-owned oil company Staatsolie said on Monday it has signed production sharing contracts for two offshore blocks with France's TotalEnergies and Qatar's QatarEnergy. Under the joint operating agreements signed with TotalEnergies and QatarEnergy for blocks 6 and 8…
Equinor, Repsol Sinopec Brasil, and Petrobras have taken the investment decision to develop the BM-C-33 project in Brazil. The investment is approximately USD 9 billion.Located in the Campos Basin, BM-C-33 comprises three different pre-salt discoveries – Pão de Açúcar…
Petrobras will not do all of its shipbuilding work in Brazil, a top executive said, dashing industry hopes the state-controlled oil firm would review its awarding process to spur job creation. Steel groups, shipping unions and 14 other organizations…
Japan's MODEC said Monday it would proceed with engineering, procurement, and construction on the Uaru FPSO vessel following a final investment decision on the Uaru offshore oil project by ExxonMobil in Guyana last month.The Uaru FPSO is named ‘Errea Wittu’…
Brazilian state-run oil company Petrobras said this week that its crude oil production during the first quarter fell 4% compared to the same period last year, citing the sale of some assets and the natural decay of old fields.Petroleo Brasileiro SA…
U.S. oil and gas producer ConocoPhillips on Thursday said it sees 'light at the end of the tunnel' in long-running claims for expropriation of its Venezuelan assets, as it appeals an $8 billion arbitration award and pursues another lawsuit in the U…
Brazil's Petrobras may move a rig it has installed to drill at the mouth of the Amazon River Basin to another location if it does not obtain a long-awaited environmental license to start operations there, an executive said on Monday.The remarks…
An Exxon Mobil unit is in breach of insurance obligations for its first offshore oil project in Guyana in part due to errors by the environmental regulator, a Guyanese court ruling released on Wednesday showed.Exxon 'engaged in a disingenuous…
Offshore accommodation firm Prosafe said Wednesday that its Safe Zephyrus semi-submersible vessel for safety and maintenance support had started its contract offshore Brazil with Petróleo Brasileiro SA ('Petrobras').The contract started on April 30 and has a firm commitment period of 650 days…
Oil and gas exploration company Argos Resources is set to sell its sole asset, the PL 001 production license in the North Falkand Islands, which is estimated to hold around 3 billion barrels of oil, to JHI. After completing the transaction,…
TechnipFMC announced Tuesday it has been awarded a contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited to supply the subsea production system for the Uaru project offshore Guyana.The award covers 44 subsea trees and associated tooling…
Dutch FPSO leasing and operation specialist SBM Offshore has signed a 10-year operations and maintenance enabling agreement with ExxonMobil in Guyana for the Operations and Maintenance of the Liza Destiny, Liza Unity, Prosperity, and ONE GUYANA FPSOs…
Exxon Mobil Corp is not giving up on oil exploration in Brazil, the company's country chief Alberto Ferrin said on Monday during the Offshore Technology Conference (OTC) in Houston.'I would say very crystal clear that Exxon Mobil is not quitting exploration in Brazil at all…