Brazilian state-run oil company Petrobras said on Monday that its crude oil production during the first quarter rose 4.4% compared to the same period last year.Petrobras pumped 2.24 million barrels per day (bpd) in the period, the firm said in a statement, crediting the increase in production to the ramp-up of five platforms and the start of production in 19 wells in the Campos and Santos basins.The firm produced 2…
Enterprise Products Partners on Tuesday said it expects to have two contracts for its proposed deepwater oil export terminal by May 31 and reach a final investment decision before year-end.Enterprise's ambitious Sea Port Oil Terminal (SPOT)…
Enterprise Products Partners said on Tuesday it had received a deepwater port license for its Sea Port Oil Terminal (SPOT) in the Gulf of Mexico from an agency of the U.S. Department of Transportation.The project, located near Freeport, Texas…
Norwegian offshore services company Argeo has signed a contract with TotalEnergies for deepwater work offshore West Africa.The work will be carried out by Argeo Venture as part of the contract that will occupy the vessel for the remainder of 2024…
Texas-based exploration and production company Beacon Offshore Energy has completed the divestment of its non-operated interests in deepwater fields in the Gulf of Mexico.The move is in accordance with a previously executed definitive agreement with GOM 1 Holdings…
MODEC has secured the Front-End Engineering and Design (FEED) contract for a floating production storage and offloading (FPSO) system for Shell’s Gato do Mato development, offshore Brazil.Gato do Mato FPSO will be moored at a water depth of approximately 2…
Energy and marine consultancy ABL has been awarded a contract by LLOG Exploration to provide marine warranty survey (MWS) services for the subsea development of the Salamanca project in the U.S. Gulf of Mexico.The Salamanca development project…
Exxon Mobil Corp on Wednesday said it filed a contract arbitration claim disputing Hess Corp's proposed sale of its Guyana oil properties, and suggested it may counter Chevron Corp's pending deal for the assets.The arbitration case seeks to…
Tullow Oil swung into a loss in 2023 after cutting the value of reserves in one of its West African oilfields, as its chief executive said the company would consider shareholder returns after 2025.The London-listed company said on Wednesday it posted a $110 million loss after tax last year…
U.S.-based oil and gas services firm Helix Energy Solutions has been awarded a deepwater well intervention contract award by Esso Exploration and Production Nigeria (Esso) at Erha and Usan fields, offshore Nigeria.The project is expected to…
An ExxonMobil-led consortium is considering its first offshore natural gas production in Guyana, close to the country's maritime border with Suriname, an executive at the U.S. oil and gas group said on Wednesday.Exxon, Hess Corp, and CNOO are…
Allseas’ construction vessel Pioneering Spirit has completed the infield pipelay scope for BP’s ultra-deepwater Greater Tortue Ahmeyim (GTA) liquified natural gas project offshore Mauritania and Senegal.Two months after arriving in the field…
Guyana said it expects to receive some $2.1 billion from oil exports and $320 million from royalties this year as crude production continues to rise, an increase from the $1.62 billion received in 2023.The South American nation's gross domestic product is expected to increase by 34…
Allseas’ construction vessel Pioneering Spirit has started pipelaying work on BP’s ultra-deepwater Greater Tortue Ahmeyim (GTA) natural gas project offshore Mauritania and Senegal. Allseas’ offshore construction support vessel Oceanic kicked…
Shell Offshore, a U.S. subsidiary of Shell, has reached the Final Investment Decision (FID) for Sparta, a deepwater development in the U.S. Gulf of Mexico. Owned by Shell Offshore (51% operator) and Equinor Gulf of Mexico (49%), Sparta is expected to reach a peak production of approximately 90…
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