Offshore drilling contractor Noble Corporation has secured more work for two of its drilling rigs in Myanmar and Trinidad.In a fleet status update shared Thursday, Noble said its semi-submersible drilling rig Noble Clyde Boudreaux had won a new contract in Myanmar…
Singapore's Sembcorp Marine is in talks to sell two drillships previously ordered by Brazil's Sete Group.Sete was established in the early 2010s as a drilling contractor that would lease rigs to Petrobras. Petrobras had committed to charter 28 offshore drilling rigs at the time…
Tanker operator AET has won a long-term deal with the Brazilian oil company Petrobras for the charter of three shuttle tankers that will offload oil from Petrobras' offshore oil platforms and FPSOs.AET said Thursday the long-term charters would…
US-based services firm McDermott International announced on Wednesday it has been awarded a contract by BHP to provide subsea umbilicals, risers and flowlines (SURF), transportation and installation (T&I), pre-commissioning of one jacket and topsides for the Ruby Project…
Tullow Oil plans to cut a third of its staff to slash its administration costs by a fifth, or around $20 million, a source with direct knowledge of the matter said, after weak output in Ghana, delays in East Africa and lower-than-hoped-for oil quality in Guyana…
Oil output estimated at 1.2 million barrels per day by 2030, Guyana’s total annual oil revenues could approach $30 billion within 10 years and could send the country's GDP 'skyrocketing,' according to research by Rystad Energy, a Norwegian energy intelligence company…
Exxon Mobil's second lift of Guyanese crude from the offshore Liza Destiny platform is underway and has been sold on the open market, the company said on Monday. The U.S. oil major, in a consortium with Hess Corp and China's CNOOC Ltd, has discovered…
Brazilian oil company PetroRio has agreed to buy the OSX-3 FPSO for $140 million, and acquire an 80 percent stake in the Dommo Energia's Tubarao Martelo field off Brazil where the FPSO is currently deployed. The OSX-3 FPSO was built and delivered to the Tubarão Martelo Field in 2012…
Trinidad and Tobago has canceled an agreement with Venezuela for the joint development of a natural gas field straddling their maritime border because of U.S. sanctions on Venezuela's state energy company PDVSA. The Caribbean island nation is a major exporter of liquefied natural gas (LNG)…
Brazil's Petrobras has launched a teaser for the sale of its entire share in the Papa Terra field, 110 kilometers from the coast offshore Brazil.The Brazilian oil company said that the planned sale of the field was in line with its portfolio optimization and improvement of capital allocation…
A report by a nonprofit watchdog group critical of Exxon Mobil Corp's oil contract with Guyana has rekindled a debate over whether the deal is too generous to the company, just a month before a crucial presidential election.In a report published Monday…
Brazilian oil company Petrobras said Friday that the recently delivered FPSO P-70 was stable after a storm that hit Rio de Janeiro last Thursday pushed the FPSO near a beach in Niteroi.'Due to the storm that hit the metropolitan region of Rio de Janeiro on Thursday night (01/30)…
Tullow Oil's Orinduik Block offshore Guyana could hold 5,1 billion barrels of oil equivalent in Gross Prospective Resources, best estimate, according to Gustavson Associates, an independent third-party auditor.This is more than a billion-barrel…
Offshore rig builder Sembcorp Marine has said that its Brazil subsidiary Estaleiro Jurong Aracruz's former director has been charged for corruption and money laundering. A former Sembcorp Marine consultant has also been charged.SembcorpMarine…
The U.S. government is ready to help Brazil design more effective oil auctions, the U.S. secretary of energy said on Sunday, after the South American nation's attempt to sell tens of billions of dollars of production rights to private firms last year largely flopped…