CNOOC Makes Major Oil and Gas Discovery

 CNOOC Ltd, a major player in China’s offshore energy sector, has recently marked an important breakthrough in exploring Paleozoic-era buried hills in the Beibu Gulf basin of the South China Sea. In its Weizhou 10-5 prospect—situated in relatively shallow waters at 37 metres deep—the company encountered...

Posted on 3/07/2025 / 0 comments / Read More

SBM Offshore Secures Fifth FPSO Deal for Exxon’s Guyana Expansion

 SBM Offshore has been awarded a major FPSO contract to deliver the FPSO ONE GUYANA, which will serve ExxonMobil’s Uaru field development in the Stabroek Block offshore Guyana. This is SBM’s fifth FPSO project in Guyana, and the unit will be one of its largest-ever. Designed with a production capacity...

Posted on 3/07/2025 / 0 comments / Read More

Petrobras Expands Offshore Fleet Orders to Support Brazil’s Pre-Salt Growth

Petrobras has expanded its shipbuilding program, increasing its new vessel orders to 48 units by 2026, as the company prepares for a sharp rise in offshore production from Brazil’s pre-salt fields.The orders cover a wide mix of vessels, including: Platform Supply...

Posted on 3/07/2025 / 0 comments / Read More