News

Exxon Mobil in Guyana 2021

MIAMI, Florida – ExxonMobil has contracted PGS to perform 4D seismic acquisition offshore Guyana.  Seismic experts estimate that offshore Guyana has enough subsea petroleum reserves to power the entire world for a year. Despite the continuing impact of COVID-19, PGS...

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Oceanwind’s Floating Wind Power

Oceanwind’s Floating Wind Power MIAMI, Florida – DNV has completed a concept verification review of Odfjell Oceanwind’s WindGrid system for mobile offshore wind units. The company’s review confirms the technical feasibility of the WindGrid system, and that expected...

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$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...

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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....

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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 well.”

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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...

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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...

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Atlantis Phase 3 starts up ahead of schedule

The Atlantis Phase 3 project in the deepwater Gulf of Mexico started production in July 2020, BHP revealed in its latest operational review. MIAMI, Florida – The Atlantis Phase 3 project in the deepwater Gulf of Mexico started production in July 2020, BHP revealed in...

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Stena Forth to drill for Tullow offshore Suriname

Tullow awarded Stena Drilling contract offshore Suriname Offshore staff This is in addition to Hess Corp.’s 2020 allocation of $450 million toward exploration and appraisal wells on the Stabroek and Kaieteur blocks offshore Guyana (Hess 30% and...

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