Oct. 9 - TechnipFMC has secured a contract with Petrobras to supply flexible pipeline systems for offshore projects in Brazil. The agreement, won following a competitive bidding process, involves developing solutions for various pre-salt fields. Classified by TechnipFMC as "significant," the contract is valued between US$ 75 million and US$ 250 million. The company booked... Continue Reading →
Is the West’s 100-Year Venezuela Oil Bet About To Backfire?
Oct. 6 (oilprice.com) Centuries ago, the untamed jungles of Venezuela’s Orinoco Basin helped power the myth of El Dorado, a city made entirely of gold. But for the new adventurers staking a claim in the country’s black gold instead, there is no myth involved, but rather the world’s largest crude oil reserves of 303 billion... Continue Reading →
New Fortress Energy’s Mexico FLNG Unit Goes Offline
Oct. 6 (OE) New Fortress Energy's Fast LNG unit offshore Altamira, Mexico, has gone offline following a mechanical problem with its gas turbine, with the company expecting the facility to return to service during the fourth quarter. NFE said it was working with the turbine manufacturer to resolve the issue and restart the floating liquefied... Continue Reading →
Electrical fault triggers oil output deferral and rig intervention plans at Karoon’s Brazilian field
Sept. 28 (offshore-energy.biz) Just three months after installing a brand-new electrical system to boost its flagship Brazilian offshore field, Karoon Energy, an ASX-listed international oil and gas exploration and production player, is heading back to the drawing board. After noting a fault on the monitoring system of the SPS-92 well at the Baúna field, Karoon... Continue Reading →
Petrobras Christens “Starnav Elektra”, First Vessel of the OPEN SEA PROGRAM
Sept. 18 (PN) Petrobras held the christening ceremony for the vessel Starnav Elektra this week in Rio. Built by the Detroit Shipyard in Itajaí (Santa Catarina), the Platform Supply Vessel (PSV) represents an investment of approximately R$ 450 million and is the first vessel delivered under the Open Sea Program (Programa Mar Aberto), an initiative... Continue Reading →
MDL Completes Deepwater SURF Decommissioning Campaign in Campos Basin
Sept. 16 (PN) MDL has completed a SURF decommissioning campaign using its Wheeled Horizontal Lay System (WHLS) in deep waters off the coast of Brazil, in the Campos Basin. Carried out from a multi-purpose vessel, the project involved the recovery of flexible flowlines, umbilicals, and jumpers associated with a decommissioned FPSO. The client's name was... Continue Reading →
Oil States secures three year agreement with Petrobras for subsea services
Sept. 7 - Oil States Brasil has secured a new contract with Petrobras to provide specialized maintenance and technical assistance services for subsea equipment. The three-year agreement covers support for Petrobras's subsea operations as well as for the exploration and production (E&P) consortia in which the oil company participates. The scope encompasses activities such as... Continue Reading →
TechnipFMC readies 200th subsea tree for Guyana projects
Sept. 2 (oilnow.gy) TechnipFMC has reached delivery readiness for its 200th subsea tree for offshore projects in Guyana. The company announced the milestone on September 1. It credited the expertise and collaboration of its team for supporting ExxonMobil Guyana’s offshore developments. “Recently, we reached a major milestone with the manufacturing and delivery readiness of the 200th subsea... Continue Reading →
Everllence’s 175D Engines to Power Four Offshore Tugs Destined for Guyana
Aug. 20 (OE) Everllence has signed a contract with a Turkish shipyard within the high-speed segment. The contract comprises 16 × 175D gensets bound for 4 × Rampage 6000‑DE offshore terminal tugs designed by Robert Allen. These will be operated by Smit Lamnalco, a Boskalis company, in Guyana, South America to support an FPSO fleet... Continue Reading →
SLB, Formentera working to activate drilling rigs in Venezuela, executives say
Aug 19 (Reuters) - Oil service provider SLB and private equity firm Formentera Partners are working to either reactivate oil rigs in Venezuela or import additional rigs into the country in the coming months, executives from both firms said on Wednesday during a conference in Houston. Energy-focused Formentera is in discussions with international service providers to... Continue Reading →