$8 billion Offshore Brazil Project

MIAMI, Florida – Equinor and partners have committed to develop Phase 1 of the Bacalhau field in the Brazilian presalt Santos basin, at an estimated cost of $8 billion. Partners in the development include Equinor, ExxonMobil.  Drilling and well...

Exploration Drilling Up in the Americas – 2021

MIAMI – Exploration in the Americas last year in 2020 held up better than expected. Among the largest offshore discoveries were at Kwaskwasi offshore Suriname.  Apache Corp. and partner Total have made what may be their largest oil discovery to date....

Kosmos Reports Deepwater Oil Discovery in the Gulf of Mexico

Beacon Offshore Energy LLC has made an oil discovery in the deepwater Gulf of Mexico, according to partner Kosmos Energy. Miami – Yet another oil find in the Gulf of Mexico!  Beacon Offshore Energy LLC has made an oil discovery at the Winterfell prospect on Green...

Offshore Bahamas Well Continues

NASSAU, the Bahamas – A Bahamian justice official has declined to grant orders requested by environmental groups that would impact the offshore Perseverance #1 well.  “This is a very positive outcome for the completion of the Perseverance #1...

OFFSHORE WIND TURBINE FARM

RICHMOND, Virginia – The keel for Dominion Energy’s offshore wind turbine installation vessel Charybdis has been laid. Said to be one of the biggest vessels of its kind in the world, it will have accommodations for up to 119 people.The overall project cost is...

South Am overtakes North Am by 2024

South America’s offshore production is set to overtake volumes from North America by 2024, according to GlobalData. MIAMI – South America’s offshore production is set to overtake volumes from North America by 2024, according to GlobalData. Major projects off Brazil...