Releases
Announcements, partnerships, and product updates from Blackwell.
Industry News
Headlines from across the maritime and offshore energy industry.
$10.4B oil project nears offshore installation as key equipment reaches Mexico
SBM Offshore has delivered major mooring equipment to Altamira for Woodside and Pemex’s Trion oil project, moving the $10.4 billion development closer to offshore installation in Mexico’s Gulf waters.
Source: Offshore Energy
Tankers Stack Up as Venezuela Sells Oil Faster Than Its Ports Can Handle
Venezuelan crude exports are stuck near 1.25 million barrels per day as aging terminals and power failures leave tankers waiting as long as 30 days. The bottleneck threatens an oil recovery backed by Washington and raises demurrage, contamination, and quality costs.
Source: Reuters
Equinor to Enter Namibia by Joining Chevron Exploration Campaign
Equinor will acquire a 17.4 percent stake in Namibia offshore license PEL 90 from operator Chevron, gaining access to a drill ready Orange Basin prospect scheduled for testing in 2026.
Source: Rigzone
$1.1 billion in pre investment contracts awarded for Mozambique’s LNG project
ExxonMobil awarded $1.1 billion in early contracts for the $30 billion Rovuma LNG project, covering subsea systems, production valves and offshore pipe. The orders let suppliers begin work on equipment with long manufacturing schedules before a final investment decision.
Source: Offshore Energy
Navigator Gas Sees U.S. Gas Export Boom Driving Handysize Demand
Navigator Gas reported record second quarter net income of $53 million as average vessel earnings reached $33,946 a day and fleet use rose to 90.8%. The owner expects rising U.S. ethane exports, longer voyages and limited handysize fleet growth to support freight demand.
Source: Capital Link
Chevron Makes New Discovery in Block 0 offshore Angola
Chevron and its Block 0 partners found more than 90 meters of net pay in the Pinda reservoir offshore Angola after an exploration well encountered a hydrocarbon column exceeding 600 meters. The group will assess a tieback to nearby production infrastructure.
Source: Rigzone
Ecopetrol takes Brava Energia under its wing in $1.2 billion Brazil expansion move
Ecopetrol has paid about $1.2 billion for a controlling 51 percent stake in Brava Energia, adding 605 million barrels of oil equivalent in proved and probable reserves and about 78,800 barrels of oil equivalent per day of average production.
Source: Offshore Energy
$11.8 billion North Sea oil & gas project clears key consultation hurdle ahead of government final say
Adura has completed public consultation for the £8.7 billion Rosebank oil project, leaving the UK government to decide whether the North Sea development can proceed. The company forecasts peak production of about 69,000 barrels per day from subsea wells linked to the redeployed Petrojarl Rosebank FPSO.
Source: Offshore Energy
Petrobras widens Brazil’s Equatorial Margin push with hydrocarbon discovery off Amapá
Petrobras found hydrocarbons in the Morpho frontier well off Amapá, confirming the first discovery in the area as drilling continues in 2,886 meters of water on Brazil’s Equatorial Margin.
Source: Offshore Energy
Smart Tugs And Trucks That Don’t Sleep. Automation Rewires US Transport
Automation is moving into United States freight networks as Southern Devall tests artificial intelligence navigation on a Mississippi River towboat and Aurora runs driverless commercial loads in Texas. Transport consumes about 37 percent of United States energy, so even modest efficiency gains could reshape fuel demand.
Source: Reuters
Diversified Said to Close In on Birch Deal
Diversified Energy is in advanced talks to buy Permian Basin producer Birch Resources for more than $1.7 billion in cash, a deal that would extend its recent acquisition push after the Maverick Natural Resources takeover.
Source: Bloomberg
Shell loses five year legal fight as South Africa’s court sets aside Wild Coast exploration permit
South Africa’s Constitutional Court set aside the exploration right held by Impact Africa and Shell off the Wild Coast, closing the route to revive the permit after a five year legal battle over consultation and environmental review.
Source: Offshore Energy