CNOOC Petroleum Brasil Ltda, has entered into 4 Concession Contracts for exploration blocks offshore Brazil with the Brazilian National Agency for Petroleum and the partners in the Pelotas Basin. The contracts were signed for a total of 4 blocks, S-M-1813 in the Santos Basin, P-M-1737/39/97 in the Pelotas Basin, acquired from the 4th Permanent Concession Offer […]

Yinson Production has announced that FPSO Maria Quitéria has achieved first oil on 15 October 2024, followed by a successful 72-hour test. This marks the commencement of the project’s firm charter, with contracted day rates being paid to Yinson Production for a period of 22.5 years, until 2047. The project has also achieved an impressive […]

Shearwater Geoservices Holding AS has been awarded offshore survey contract by TotalEnergies of an Angolan OBN project. The deepwater OBN survey will be conducted by the dual ROV equipped SW Tasman, the fit for purpose seismic node laying vessel which was converted in 2023, and SW Gallien as source vessel. The survey will commence in […]

Transocean Ltd. has announced a one-year contract for the Deepwater Conqueror with an undisclosed operator in the U.S. Gulf of Mexico. The contract is expected to commence in October 2025 and contribute approximately $193 million in backlog, including additional services. Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of […]

Wärtsilä Gas Solutions, part of the technology group Wärtsilä, has been contracted to supply the cargo handling and fuel gas supply systems for six newbuild medium-sized gas carrier (MGC) vessels, which again strengthens the company’s market-leading position in this sector. The new vessels are built at the Jiangsu Yangzi-Mitsui (YAMIC) Shipbuilding yard in China for a Japanese shipowner. The order […]

The maritime industry has been captivated by the ordering of more than 50 Very Large Ammonia Carriers (VLACs) over the past 12 months. While these orders suggest a market surge in the direction of ammonia, a deeper analysis shows that most will be initially deployed as LPG carriers. Martin Cartwright, Global Business Director of Gas […]

Nigeria has signed a landmark Gas Sales and Purchase Agreement (GSPA) for the Brass Fertilizer and Petrochemical Project with its multi-national oil companies in a brief ceremony in Bayelsa. This milestone achievement is done after nearly a decade of what appeared to be a herculean hurdle to cross. The Minister of State for Petroleum (Gas), […]

Nigeria must enhance its crude oil production capacity and effectively manage its crude supply to ensure adequate feedstock for domestic refineries, to transit from a net importer to a net exporter of petroleum products. Chairman of Dangote Refinery and Petrochemicals Company Limited, Aliko Dangote, made this assertion during his keynote address at a summit held […]

Woodside has completed the acquisition of Tellurian Inc. (Tellurian) and its US Gulf Coast Driftwood LNG development opportunity. Woodside has acquired all issued and outstanding Tellurian common stock for approximately $900 million cash, or $1.00 per share. The implied enterprise value is approximately $1,200 million.  Woodside is pleased also to announce it has renamed the […]

TotalEnergies has signed a charter contract with Spanish shipowner Ibaizabal for a new Liquefied Natural Gas (LNG) bunker vessel of 18,600m3 capacity. This new vessel will expand the Company’s global presence in bunkering hubs. In particular, this additional vessel might be deployed in Oman, where the Company is developing the Marsa LNG project with the objective to provide LNG […]