ExxonMobil Enlists Shearwater for 3D Seismic Survey in South America
Offshore seismic services firm Shearwater Geoservices has secured a contract for a large 3D seismic acquisition program for ExxonMobil Trinidad and Tobago Deepwater.The deepwater survey offshore Trinidad and Tobago will cover approximately 6,000 square kilometers of full-fold area.The acquisition is scheduled to commence in the first quarter of 2026 and is expected to take around five months.Shearwater’s streamer vessel Amazon Warrior will undertake the acquisition, utilising its multi-component Isometrix streamer technology.The project is expected to deliver high-quality seismic data to support
Guyana’s First: Saipem Builds Complex Subsea Structure for ExxonMobil’s Uaru Field
Saipem has completed the first complex subsea structure ever built in Guyana, set for deployment at ExxonMobil’s Uaru field, marking a key milestone in the development of the country's industrial capabilities in the subsea sector.This is the Pipeline End Termination (PLET), a terminal structure installed at the end of a subsea pipeline to connect other subsea equipment or facilities.The PLET will be part of the subsea system that will transport gas from the FPSO vessel deployed at the Uaru field to be re-injected into the reservoir, at approximately 2,000 meters of water depth, thus avoiding
Uncertainty Reduces New Oil and Gas Investment
could enable oil and gas companies to correctly adjust strategies in anticipation of changes in demand. For example, governments can disclose forward-looking sectorial transition plans, providing firms with information on how carbon-intensive sectors such as transport and industry will decarbonize.”ExxonMobil provided an example of that this week as it made a final investment decision for the Hammerhead development offshore Guyana. President of ExxonMobil Upstream Company Dan Ammann, said: “In collaboration with the people and government of Guyana, we’ve helped build a thriving new oil
TechnipFMC Awarded Hammerhead Contract
TechnipFMC has been awarded a substantial ($250-500 million) contract by ExxonMobil Guyana Limited to supply subsea production systems for the Hammerhead development in Guyana’s Stabroek Block.TechnipFMC will provide project management, engineering, and manufacturing of subsea production systems supporting both production and water injection capabilities. The subsea architecture will include products from the Subsea 2.0 ® platform, including subsea trees, manifolds, and associated controls.Jonathan Landes, President, Subsea at TechnipFMC, commented: “Hammerhead is our seventh greenfield
Oil Firms Urge Brazil to Review Subsea7 - Saipem Merger
Exxon Mobil, Brazilian state-run Petrobras and oil services provider TechnipFMC petitioned the country's antitrust regulator Cade to intervene in a merger between energy contractors Subsea7 and Saipem, public documents seen by Reuters show.In filings submitted on Thursday, the firms said the merger between Norway's Subsea7 and Italy's Saipem would bring a level of concentration in the subsea oil and gas services market that could drive up costs and curb competition.The firms want Cade to block the merger or impose remedies to preserve competition in Brazil, such as asset sales, a source
ExxonMobil Hires Shearwater for OBN Survey in Angola
Shearwater Geoservices has secured a deepwater Ocean Bottom Node (OBN) seismic survey work offshore Angola by ExxonMobil’s affiliate Esso Exploration Angola Block 15 Limited.The two-month project is scheduled to begin during the third quarter of 2025.The project will be delivered using Shearwater’s OBN platform, featuring the SW Tasman and Pearl node system, with SW Gallien deployed as source vessel.“Being selected by ExxonMobil to perform this OBN survey in Angola is a real testament to Shearwater’s OBN-platform.“This award reflects our strong track-record in delivering
Industry Leaders Set to Discuss Future of US Offshore CCS Market
in Houston, Texas.Industry leaders, policymakers, regulators, and innovators are set to convene for forward-looking conversations on the future of U.S. CCS projects and cutting-edge offshore technologies. Several sessions are planned throughout the day, featuring speakers from TotalEnergies, ExxonMobil, Wood, American Bureau of Shipping (ABS) and others, who will shed more light on CCS research and deliver insights on the current state of CCS industry and future opportunities
Shearwater Nets ExxonMobil’s Contract for 4D OBN Survey Off Guyana
Offshore seismic services firm Shearwater Geoservices has secured large deepwater 4D ocean bottom node (OBN) reservoir surveillance program by ExxonMobil Guyana.Under the contract, Shearwater will begin a six-month survey starting in the first half of 2025.The field unit will be comprised of a Shearwater seismic vessel as source vessel, and a dual ROV vessel for node deployment.“Shearwater is pleased to be selected for this significant 4D OBN contract in one of the world’s fastest growing offshore oil and gas regions following our recent successful completion of 4D towed streamer operations
US Oil Focused on Economics, not 'Drill, Baby, Drill' - Exxon Mobil Exec
U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil said."We're not going to see anybody in 'drill, baby, drill' mode," Liam Mallon, head of Exxon's upstream division, told the Energy Intelligence Forum conference in London."A radical change (in production) is unlikely because the vast majority, if not everybody, is focused on the economics of what they're doing," he said. "Maintaining the discipline, driving the
February 2026
