Saipem Rolls Out AI-Based Maintenance System on Ultra-Deepwater Drillship

Feb. 23 (OE) Saipem has introduced an artificial intelligence (AI)-based predictive maintenance system onboard its ultra-deepwater drillship Saipem 12000, aiming to improve operational efficiency and offshore safety. The system uses real-time data and artificial intelligence algorithms to monitor equipment conditions, predict potential failures and schedule interventions before issues occur. By anticipating faults, the approach is... Continue Reading →

Seatrium To Achieve >S$50M in Operational Cost SavingsThrough Non-Core Asset Divestments By Early 2026

Singapore, 23 February 2026 – Seatrium Limited (“Seatrium”, or the “Group”) wishes toannounce a series of additional divestments, as well as update on an earlier transaction, aspart of its ongoing efforts to rationalise non-core assets, streamline operations, and drivelong-term value for shareholders. Alongside recent divestments of the AmFELS yard in Texas and the GNL Platform... Continue Reading →

Tidewater to Acquire Wilson Sons Ultratug Offshore in $500M

All-Cash Deal, Expanding Brazil FootprintFeb. 23 (OE) Tidewater Inc. (NYSE: TDW) has signed a definitive agreement to acquire Wilson Sons Ultratug Participações S.A. and its affiliate Atlantic Offshore Services S.A. (collectively, WSUT) in an all-cash transaction valued at approximately $500 million, including the assumption of existing debt.The acquisition significantly strengthens Tidewater’s position in the global... Continue Reading →

Brazil’s Petrobras to look into Venezuela opportunities, says head of E&P

 Feb 20 (Reuters) - Brazil's state-run oil firm Petrobras will look into opportunities in neighboring Venezuela, said the head of Exploration and Production Sylvia Anjos in an interview with newspaper O Globo on Friday. Venezuela has "great potential", but investing in the country is risky, said Anjos, adding that producing in the oil-polluted Lake Maracaibo would put Petrobras'... Continue Reading →

Blog at WordPress.com.

Up ↑