Hitachi Energy investing $4.5B to accelerate energy transition, new jobs on the horizon

(Offshore-energy.biz) Hitachi Energy is planning to invest an additional $4.5 billion in manufacturing, engineering, digital, R&D and partnerships by 2027, doubling the investments done in the last three years, to accelerate the energy transition. The investment, complementing the recently announced $1.5 billion investment to ramp up global transformer production, is expected to enable Hitachi Energy to meet... Continue Reading →

June 12, 2024 0

Prysmian Appoints New CEO

(OE) Italian cable maker and installation services provider Prysmian has named Massimo Battaini as its new chief executive officer and general manager. The new CEO appointment also marks the entering into force of the new organizational structure, aimed at supporting the company’s strategic plan and value creation, Prysmian said. The new organization, as already announced... Continue Reading →

April 19, 2024 0

Petrobras Hires SLB for Buzios Field Work Offshore Brazil

(OE) Oilfield services and technology company SLB has been awarded three contracts by Petrobras for completion hardware and services for up to 35 subsea wells in the development of Buzios Wave II offshore oil field. The scope of the contract includes SLB’s full bore electric interval control valves and electric subsurface safety valves. The award... Continue Reading →

April 15, 2024 0

MODEC Picks TMC Compressors for Errea Wittu FPSO

(OE) TMC Compressors (TMC) has secured a contract to supply a large capacity marine compressed air system to MODEC’s FPSO Errea Wittu, set for deployment at ExxonMobil’s Uaru field offshore Guyana TMC said it will manufacture and assemble the equipment in Europe, without disclosing the value of the contract. Offshore Frontier Solutions, MODEC’s joint venture... Continue Reading →

April 3, 2024 0

Oceaneering and GDi Team Up for Oil and Gas Digital Asset Management

(OE) Oceaneering International has signed a strategic collaboration agreement with Global Design Innovation (GDi) to deliver digital asset management solutions for asset-intensive industries such as oil and gas, utilities, and power generation. The agreement Oceaneering signed through its Integrity Management and Digital Solutions group will allow the company to provide digital solutions, including a technology-focused... Continue Reading →

March 21, 2024 0

Digitalization is Drawing CCS a New Learning Curve

Digital solutions are accelerating the progress required to ensure CCS earns its place in climate change mitigation history. (OE) Carbon capture has been around since the 90s, but the behavior of CO2 in pipelines is still not that well understood. A lack of suitable multiphase flow assurance models has meant that past CCS projects have... Continue Reading →

February 27, 2024 0

Petrobras Hires Technip Energies’ Company for Offshore CCS Study

(OE) Brazilian state-run oil and gas company Petrobras has hired Kanfa, a fully-owned subsidiary of Technip Energies, to conduct a carbon capture and storage (CCS) study for its offshore assets. With the study, Petrobras aims to get a thorough understanding of the technology and get a confirmation that it is technically and economically feasible to... Continue Reading →

February 19, 2024 0

MODEC sets out to fortify FPSO business while embracing decarbonization and new opportunities

(OET) With the current energy ecosystem in mind, Japan’s FPSO operator MODEC has unveiled its new, mid-term business plan, covering the period from 2024 to 2026, which spotlights the Japanese player’s intention to further strengthen the profitability of its core FPSO business, strategically invest funds to decarbonize its FPSO units, develop new opportunities, and bolster... Continue Reading →

February 14, 2024 0

Aize to Provide Digital Twins for Liza Unity and Liza Destiny FPSOs

(OE) Aker software company Aize has signed an agreement with ExxonMobil Guyana and SBM Offshore to deploy Aize digital twin software on the floating production storage and offloading (FPSO) units Liza Unity and Liza Destiny offshore Guyana. Aker-owned company Aize will work with its partners transform the traditional approach to TAR (Turnaround) campaigns by strengthening... Continue Reading →

February 10, 2024 0

ABB to Deliver Electrical System for ExxonMobil’s Errea Wittu FPSO

(OE) Singapore’s Offshore Frontier Solution – a joint venture between MODEC and Toyo Engineering Corporation – has awarded ABB a contract to deliver a complete electrical system and associated digital solutions for Errea Wittu floating production storage and offloading (FPSO) unit. Errea Wittu FPSO will be operated approximately 200 kilometers off the coast of Guyana... Continue Reading →

January 19, 2024 1

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