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(OED) Malaysia’s FPSO operator Yinson has shared an update on the developments regarding the conversion and upgrade of a floating, production, storage, and offloading (FPSO) vessel, which will operate for Enauta offshore Brazil. Back in January 2022, Enauta entered into an agreement to purchase the FPSO OSX-2 for the Definitive System (DS) of the Atlanta field and this purchase deal was closed... Continue Reading →
Italy’s oilfield services provider Saipem has entered into two new credit facilities totalling approximately €860 million (almost $925.2 million) with a pool of leading national and international banks to further strengthens its financial structure and liquidity. Saipem made the announcement about these two new credit facilities on Monday, 13 February 2023. The Italian giant says... Continue Reading →
Subsea 7's renewable energy focused subsidiary Seaway 7 said Tuesday it had won a large offshore wind contract. For Seaway 7, “large” contracts are worth between $300 million and $500 million. The client hasn't been named, but the contract is for the transport and installation of inner-array grid and export cables for an undisclosed offshore... Continue Reading →
(OE) DNV is launching a project to develop a decision tool and reference for stakeholders to use during the specification, design, manufacture, procurement, and approval of any equipment intended for the installation and decommissioning of bottom-fixed wind turbines. DNV forecasts that wind energy capacity will expand 15-fold, rising from 5% of global electricity production currently... Continue Reading →
(Reuters) - As oil industry officials from around the world descend on Guyana for a conference to showcase its potential as an oil power, the biggest player in its oil boom still has decisions to make on its future in the South American country. Liam Mallon, president of Exxon Mobil's oil and gas production business... Continue Reading →
Talos Energy Inc., a U.S.-based offshore oil and gas producer, has completed its previously announced acquisition of EnVen Energy Corporation ("EnVen"). Talos, which owns oilfields in both the U.S. side and the Mexican side of the Gulf of Mexico, first said in September 2022, that it would buy EnVen, a private operator in the deepwater... Continue Reading →
Offshore drilling contractor Borr Drilling has secured more work for three premium jack-up rigs, thanks to a new deal and two contract extensions, which increase the company’s firm backlog by approximately 625 days, excluding unexercised optional periods. Borr Drilling disclosed on Monday, 13 February 2023, the award of a new contract for the Ran jack-up rig with Fieldwood... Continue Reading →
Floating Energy Allyance (FEA) has selected Ocean Infinity to carry out an initial geophysical and geotechnical site investigation at its Buchan floating offshore wind project in Scotland. This represents an important step in the design and assessment process of the project, with the survey campaign taking place later this year, according to FEA. “We are... Continue Reading →
Siem Offshore’s multi-purpose support vessel (MPSV) Siem Dorado is preparing to carry out a term campaign for marine geophysical service provider PXGEO in Brazil. The vessel arrived in Brazil in January. The 2009-built Siem Dorado is of a MT 6017 MK II design and can accommodate 68 people. The 93.6-meter long diesel electric-powered MPSV features a... Continue Reading →
(Reuters) - Portuguese oil and gas company Galp Energia (GALP.LS) on Monday reported a record adjusted net profit for 2022, due to soaring oil prices and wider refining margins in the fourth quarter. Galp said its adjusted profit almost doubled to 881 million euros ($940.03 million), surpassing the previous record of 707 million euros set in 2018.... Continue Reading →
Brazil Energy Insight 