Jeremy Beckman

1 week ago | offshore-mag.com | Jeremy Beckman

Petrobras and Exxon Mobil led the way in the latest offshore block awards issued by the ANP under Brazil’s 5th Permanent Concession Offer Cycle. The two companies will be equal partners in 10 blocks in the Foz do Amazonas Basin. Petrobras will operate blocks FZA-M-1040, FZA-M-1042, FZA-M-188, FZA-M-190, and FZA-M-403, while Exxon Mobil will operate blocks FZA-M-477, FZA-M-547, FZA-M-549, FZA-M-619 and FZA-M-621. In each case, the equity split will be 50:50.

1 month ago | offshore-mag.com | Jeremy Beckman

Energean says its $1.2 billion Katlan gas field development offshore Israel is on track to deliver first gas during first-half 2027, according to its recent trading update. The company issued a Letter of Award recently to NOV for an upgrade of the topsides of the host FPSO Energean Power, in terms of MEG treatment, injection and storage. For the Prinos CO2 project offshore western Greece, Energean has signed three new non-binding memoranda of understanding (MoUs).

1 month ago | offshore-mag.com | Jeremy Beckman

BW Offshore and BW Energy have transferred operations and maintenance (O&M) of the FPSO BW Adolo to BW Energy Gabon. Under an amended bareboat charter, BW Offshore’s subsidiary retains ownership of the vessel, which it will continue to lease to BW Energy Gabon on the same terms as previously agreed, but minus the O&M services. “Assuming full O&M responsibility will allow BW Energy Gabon to optimize field performance and capture additional synergies across the Dussafu hub,” said Carl K.

1 month ago | offshore-mag.com | Jeremy Beckman

New Fortress Energy (NFE) has sold its assets and operations in Jamaica to Excelerate Energy for $1.055 billion, according to a May 14 NFE news release. Under the transaction, Excelerate has acquired full ownership of NFE’s LNG import terminal in Montego Bay, the offshore floating storage and regasification terminal in Old Harbour, and a 150-MW combined heat and power plant in Clarendon.

1 month ago | offshore-mag.com | Jeremy Beckman

ADES Holding has secured two new offshore drilling contracts in the Middle East. One award is from North Oil Co. for a project offshore Qatar, and it is an extension of the existing contract for the Sapphire Driller jackup rig, with an improved day rate. The firm duration of the extension period is four years, with three additional one-year options. Total estimated value of the firm and optional periods is about $217.6 million.