Beacon Offshore Energy Expects First Oil From Shenandoah System in June
U.S. offshore producer Beacon Offshore Energy expects first oil from its Shenandoah floating production system in June, a company executive said on Tuesday.The floating production unit, which is expected to produce 120,000 barrels of oil per day (bpd), was in the final stage of being hooked up and commissioned, Michael Clarke, Beacon's vice president of deepwater developments, said at a conference in Houston.The Houston-based privately held company is also looking to sanction the Shenandoah South discovery…
Saipem Renews Offshore Activities Agreement With Saudi Aramco
Saipem has signed a renewal for its framework agreement with Saudi Aramco. The Long-Term Agreement (LTA) now extends until the end of 2027.With the renewal of the LTA, Saipem is reconfirmed in the exclusive list of contractors selected by Saudi Aramco who are eligible to bid for work orders, known as CRPOs (Contract Release Purchase Orders). These contracts may relate to both the construction of new investment projects and any projects aimed at maintaining production capacity from Saudi Arabia’s offshore fields.Should Saipem be awarded contracts for activities within the Kingdom under the LTA…
Exxon Consortium to Begin Installation of Floating Oil Facility in Guyana
A consortium led by U.S. Exxon Mobil is about to begin the installation of its fourth floating oil production facility in Guyana, the South American country's maritime regulator said in a notice on Tuesday.The floating production storage and offloading (FPSO) facility 'One Guyana,' built by SBM Offshore with a 250,000 barrel-per-day capacity, departed from Singapore in mid-February.Once installed, the vessel will allow the consortium to boost output capacity to some 940,000 bpd later this year.
Greek Energy Ministry: Chevron Interested in Hydrocarbon Exploration off Crete
Chevron has expressed an interest in hydrocarbon exploration off the island of Crete in the Mediterranean Sea, the second such expression for Greek energy by the U.S. oil producer this year, the Greek energy ministry said on Wednesday.Greece has accepted Chevron's interest for two blocks south of Crete and will soon decide on the coordinates and on launching an international tender for the areas, which border two licensed blocks where an ExxonMobil-led consortium has been evaluating seismic data…
