Esgian Week 10 Report: Additional Backlog Secured
Esgian reports that offshore drilling contractors secured additional backlog in the U.S. Gulf of Mexico, Egypt, Nigeria, and Brazil and operators confirmed new discoveries in Indonesia, Côte dâIvoire, and China in its Week 10 Rig Analytics Market Roundup.ContractsDiamond Offshore has executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the 12,000-ft drillship Ocean BlackHornet.Shelf Drillingâs 250-ft jackup Rig 141 has secured a two-yearâŠ
QatarEnergy Pays Homage to Rex Tillerson by Giving His Name to New LNG Carrier
QatarEnergy has named the first LNG carrier to be delivered as part of its new LNG fleet expansion program as Rex Tillerson, in recognition of the former Chairman and CEO of ExxonMobil, who also served as the 69th United States Secretary of State.During his 10-year term as Chairman and CEO of ExxonMobil, Tillerson oversaw the consolidation of relations with the State of Qatar and its energy sector, resulting in strategic partnerships and significant investments in Qatarâs LNG industry.While making his mark on the global energy sceneâŠ
Equinor Starts Operating First Hybrid PSV in Brazilian Waters
The first hybrid Platform Supply Vessel (PSV), which uses batteries and diesel for propulsion, has started operating for Equinor in Brazil.With the battery bank installed, the PSV is able to operate with hybrid propulsion, switching between the use of electricity and diesel. This is expected to reduce emissions by up to 40% during vesselâs activities.The PSV will be part of the logistics of the Bacalhau field, in the Santos Basin, where Equinor has a majority stake secured inâŠ
C-NLOPB Updates Hebron Field Volume Estimate
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has approved the Development Plan Amendment (DPA) for the Hebron Field.The Hebron oil field is located offshore Newfoundland and Labrador, Canada, in the Jeanne d'Arc Basin 340 kilometers southeast of St. John's. The field was first discovered in 1980, and is estimated to produce more than 700 million barrels of recoverable resources. The water depth at the Hebron field is 93 meters.The approval enables ExxonMobil andâŠ
DiCosimo to Chair Greater Houston Port Bureau
The Greater Houston Port Bureau Board of Directors announced Vincent DiCosimo, vice president of government affairs at Targa Resources, will assume the position of the chairman of the board on January 1, 2024. DiCosimo has served as first vice chairman on the Port Bureauâs board for the last three years.Bernt Netland, the outgoing chairman of the Port Bureau Board said, âVincent has been a part of the Port Bureauâs board for many years and has been active in his role as vice chair. He is an experienced and respected leader in the port region.
ExxonMobil CEO Rebuffs IEA Criticism of Carbon Capture Strategy
ExxonMobil CEO Darren Woods on Saturday rejected the International Energy Agency's recent claim that using wide-scale carbon capture to fight climate change was an implausible "illusion", saying the same could be said about electric vehicles and solar energy."There is no solution set out there today that is at the scale to solve the problem," Woods told Reuters on the sidelines of the COP28 climate summit in Dubai."So, you could say that about carbon capture today, you could say that about electric vehicles, about wind, about solar.
Black Sea Storm Disrupts Russian and Kazakh Oil Exports
A severe storm in the Black Sea region has disrupted up to 2 million barrels per day (bpd) of oil exports from Kazakhtsan and Russia, according to state's officials and port agent data.Oil loadings from Novorossiysk and the Caspian Pipeline Consortium (CPC) terminal in nearby Yuzhnaya Ozereyevka have been suspended since last week.Kazakhstan's largest oilfields - Tengiz, Kashagan and Karachaganak - are cutting combined daily oil output by 56% from November 27 as the storm disrupts loadings at CPCâŠ
MODEC Hits Milestone: First Steel Cut in China for Guyana-Bound FPSO Errea Wittu
Japanese FPSO leasing firm MODEC said Thursday that the first steel-cutting ceremony for the Guyana-bound FPSO Errea Wittu had been held in China.MODEC secured its first order to supply an FPSO to Guyana in May 2023. The order came from an ExxonMobil-led consortium and is for the deployment of the FPSO to the giant Stabroek offshore block in Guyana, where Exxon already has three FPSOs in production, all three supplied by SBM Offshore.According to World Energy Reports, China's DSIC has the construction hull contractâŠ
KOTUG Bolsters Guyana Fleet with Three Offshore Terminal Tugs
KOTUG said Tuesday it had, via its Guyanese subsidiary KOTUG Guyana strengthened its position in Guyana with the arrival of three additional Offshore Terminal Tugs to support ExxonMobil Guyanaâs offshore operations.With the arrival of KOTUG-owned âSD Graceâ, âSeaways 20â and âSeaways 22â, KOTUG will operate a total of five offshore terminal tugs in Guyana.The vessels predominantly provide support (âtanker lifting operationsâ) to the large crude oil tankers that are loading crude oil from ExxonMobil's producing FPSOs in the Stabroek fieldâŠ
TMC Compressors to Provide Equipment for Newbuild FPSO
Chinese shipbuilder China Merchant Heavy Industries (CMHI) has contracted TMC Compressors (TMC) to deliver the completed marine compressed air system to a newbuild FPSO the Chinese yard is constructing for the Dutch FPSO leasing firm SBM Offshore.Under the contract, TMC will provide a large-capacity marine compressed air system, including compressors for control and service air on board the FPSO.TMC will manufacture and assemble the equipment in Europe and deliver it to CMHI in China.
SBM Offshore Secures Fifth FPSO Contract in Guyana
Dutch firm SBM Offshore said Friday it had won contracts to perform front-end engineering and design (FEED) for a floating production, storage, and offloading vessel (FPSO) for the ExxonMobil-led Whiptail development project in Guyana.Following FEED and subject to government approvals in Guyana of the development plan, and project sanction, including the final investment decision by ExxonMobil, to release the second phase of work, SBM Offshore will construct and install the FPSO.
No Restart for ExxonMobil's California Offshore Platforms as Judge Upholds Tanker Trucks Ban
A U.S. judge on Wednesday refused to overturn a California county's decision to block Exxon Mobil Corp from using tanker trucks to ship crude oil from coastal facilities to inland refineries while a ruptured pipeline is fixed.U.S. District Judge Dolly Gee in Los Angeles denied Exxon's bid to reverse the Santa Barbara County Board of Supervisors' denial of a trucking permit in early 2022, saying the board's decision was substantially supported by evidence that transporting crudeâŠ
The Evolving FPSO Landscape â Healthy Demand, Changing Procurement
After a slowdown in activity during 2020/2021 due to soft commodity prices, demand for FPSOs is picking up.With exploration hotspots like Namibiaâs Orange Basin and the East Mediterranean delivering new finds, the FPSO market outlook is healthy. But shipyard capacity constraints are beginning to weigh on delivery, leading to cost concerns. Furthermore, FPSO demand is competing for yard space with other construction projects.To mitigate delay risk and cost overruns, some E&Ps have reviewed their FPSO procurement strategies.
Wallenius Wilhelmsen Enters Biofuel Supply Deal
Wallenius Wilhelmsen has signed its first biofuel supply contract with ExxonMobil.The recently signed contract entails the delivery of sustainable biofuel within the second half of this year, aligning with Wallenius Wilhelmsen's strategic goal of achieving a net-zero emissions integrated supply chain service by 2027.The first biofuel delivery is scheduled for July. âThe biofuel from ExxonMobil contains 30% biofuel and 70% conventional fuels. It is the best option we have available for decarbonization of the fleet todayâŠ
Four Bidders Vie For Stake in Exxon LNG Terminal Offshore Italy - Sources
Four international groups are competing to buy Exxon Mobil Corp's majority stake in a liquefied natural gas (LNG) terminal offshore Italy, two sources familiar with the matter said. The deal could value the entire LNG terminal at around 800 million euros ($881 million), the sources said. Exxon said in March it was considering selling its majority stake in Adriatic LNG, Italy's main regasification terminal, as part of a wider strategy to divest non-core assets. The U.S. group is being advised by Rothschild & Co. on the process.
MODEC Confirms Its First FPSO Order in Guyana
Japan's MODEC said Monday it would proceed with engineering, procurement, and construction on the Uaru FPSO vessel following a final investment decision on the Uaru offshore oil project by ExxonMobil in Guyana last month.The Uaru FPSO is named âErrea Wittuâ, which means âabundance,â and will be the fifth offshore FPSO in Guyana and the first to be supplied by MODEC. The first four, two of which are now in production in the Stabroek block off Guyana, were/will be delivered by SBM Offshore.Apart from supplying the Errea Wittu FPSOâŠ
Tethys Marine & Logistics Becomes 51% Shareholder of OSV Firm Bourbon Guyana
Bourbon Marine & Logistics has partnered with the Guyanese company Tethys Marine & Logistics, which becomes a 51% shareholder of the Bourbon Guyana Joint Venture. "With 75% Guyanese Directors, Bourbon Guyana thus becomes the first indigenous Offshore Support Vessels operator, fully compliant with the most recent local content regulations," Bourbon Marine & Logistics said."With a fleet of 6 vessels (Large PSV, AHTS & Tugs) and the full range of marine services, Bourbon Guyana hasâŠ
Gallery: Third FPSO Arrives in Guyana's Stabroek Block
Dutch FPSO specialist SBM Offshore on Tuesday announced the arrival of the FPSO Prosperity at the Stabroek Block offshore Guyana.The FPSO traveled just over 11,000 nautical miles â or just over 20,000 kilometers - from Singapore to Guyana in just under 50 days.On track for first oil later this year, Prosperity becomes Guyanaâs third FPSO, joining two other SBM Offshore-delivered FPSOs, the Liza Destiny and Liza Unity.The FPSO will be spread moored in water depth of about 1,900 meters and is designed to produce 220âŠ
VIDEO: Hull of Giant Guyana-bound FPSO Enters Drydock in Singapore
Dutch FPSO leasing company SBM Offshore said Friday that the China-built hull of the FPSO ONE Guyana had entered drydock at Keppel Shipyard in Singapore. One Guyana is one of SBM Offshore's largest-ever FPSO Units and is being built for deployment at ExxonMobil-operated Stabroek Block offshore Guyana. "The FPSO ONE GUYANA project passing another major milestone: the vessel successfully entered drydock at the Keppel yard in Singapore. The project team will continue construction with the next steps being the installation of the mooring structures and riser balcony.
French Strikes Continue to Block Refinery Shipments and LNG Terminals
Shipments of refined products from French refinery and depots were blocked on Monday by a 13th day of strike action, though some refineries operated with a reduced flow, a company spokesperson said.The industrial action is part of a nationwide movement against pension system changes that lift the retirement age two years to 64. The changes were forced through parliament without a vote last week.There is an increasing expectation of diesel supply shortages in France and Europe as a result of the strike-caused outagesâŠ
Exxon Considers Selling Stake in LNG Terminal Offshore Italy
Exxon Mobil Corp is considering selling its majority stake in Italy's main regasification terminal as part of a wider strategy to divest from non-core assets, the company said in a statement on Wednesday. The Rovigo liquefied natural gas (LNG) terminal is owned by Exxon's subsidiary ExxonMobil Italiana Gas (70.7%), QatarEnergy subsidiary Qatar Terminal Company Limited (22%) and Snam Spa SRG.MI (7.3%). Snam, an Italian gas grid operator, has the first right of refusal should a partner decide to divest.
Keppel to Deliver Guyana-bound 'Mega' FPSO to SBM Offshore in 1Q
Singapore's Keppel Offshore & Marine said Wednesday it was on track to deliver a "mega" floating production, storage, and offloading vessel (FPSO) to SBM Offshore in the first quarter of 2023. This is the third FPSO that Keppel Shipyard is delivering to SBM Offshore and will be chartered to the consortium of ExxonMobil, CNOOC, and Hess, to operate in the Stabroek Block, offshore Guyana. The vessel was named Prosperity FPSO by Guest of Honour, Arya Ali, the First Lady of the Co-operative Republic of Guyana at a ceremony held Wednesday at Keppel Shipyard.
Samsung Heavy Delivers LNG Pair for MISC
Seri Damai, Seri Daya join MISC LNG Carrier FleetMISC welcomed two of its latest new generation of Liquefied Natural Gas (LNG) carriers, Seri Damai and Seri Daya to its fleet of LNG carriers. These 174,000 CBM LNG carriers were built for MISC by Samsung Heavy Industries Co., Ltd. (SHI), and upon their delivery, the new LNG carriers will be on long-term charters to ExxonMobilâs wholly-owned subsidiary, SeaRiver Maritime LLC (SRM) and will be managed by Eaglestar Shipmanagenent (S) Pte.Ltd.âThe delivery of Seri Damai and Seri Daya todayâŠ