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Prosafe vessel staying 954 more days with Petrobras

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Prosafe has won a multimillion-dollar contract extension for one of its semi-submersible vessels, which is providing safety and maintenance support to Petrobras, a Brazilian state-owned energy giant. The post Prosafe vessel staying 954 more days with Petrobras appeared first on Offshore Energy.

Yinson Production confirms first oil from its third FPSO in Brazil

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Yinson Production has highlighted that its third floating production, storage, and offloading (FPSO) unit in Brazilian waters, which recently achieved first oil, will feature a carbon management process plant to decarbonize the FPSO operations in line with the firm’s sustainability goals. The post Yinson Production confirms first oil from its third FPSO in Brazil appeared first on Offshore Energy.

BIMCO: Containership orderbook skyrockets to new record high of 8.3M TEU

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The global containership order book hit a new record in 2024 as the sector prepares to replace aging ships that are not compliant with new environmental regulations. On the other hand, the scrapping volumes are steadily declining, falling in the last three years well below average figures. The post BIMCO: Containership orderbook skyrockets to new record high of 8.3M TEU appeared first on Offshore Energy.

Hibiscus taps Tanjung for work on Vietnam-Malaysia shared block

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Tanjung Offshore Services, a subsidiary of Malaysia’s T7 Global, has won a contract with Hibiscus Oil & Gas Malaysia, an affiliate of Malaysia’s Hibiscus Petroleum, for the provision of maintenance, construction, and modification (MCM) services at a block within the overlapping territorial waters between Malaysia and Vietnam. The post Hibiscus taps Tanjung for work on Vietnam-Malaysia shared block appeared first on Offshore Energy.

ADNOC L&S acquires 80% stake in Navig8 for $1.04 billion

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In a deal worth $1.04 billion (AED 3.8 billion), ADNOC Logistics and Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC), has acquired an 80% stake in Navig8 TopCo Holdings, a provider of shipping management services. The post ADNOC L&S acquires 80% stake in Navig8 for $1.04 billion appeared first on Offshore Energy.

ExxonMobil to stay busy with Guyana’s deepwater oil & gas development ops in 2025

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With nearly $55 billion committed to the development of six government-sanctioned projects, ExxonMobil is going to remain hard at work during 2025 to develop the oil and natural gas resources at the Stabroek block off the coast of Guyana. The post ExxonMobil to stay busy with Guyana’s deepwater oil & gas development ops in 2025 appeared first on Offshore Energy.