Brought to you by Quest Offshore & Southern Cone Consultants
(oilnow.gy) TechnipFMC reported third-quarter 2024 revenues of US$2,348.4 million, with a net income of US$274.6 million, or US$0.63 per diluted share. Adjusted net income, which accounts for after-tax charges, was US$280.5 million, or US$0.64 per share. Key factors impacting adjusted net income included a US$60.6 million non-cash tax benefit and an $8.4 million after-tax foreign... Continue Reading →
(OE) Energy technology company Baker Hughes has signed ‘significant’ contracts with Petrobras to provide flexible pipe systems that will be deployed across several oil and gas fields offshore Brazil. Baker Hughes will provide 77 km of flexible pipe systems, including includes risers and flowlines for hydrocarbon production and associated gas and water injection with support... Continue Reading →
(OM) Kongsberg Maritime will supply equipment for 10 new platform supply vessels (PSVs) under construction by Fujian Mawei Shipbuilding in China for Capital Offshore. Piraeus-based Capital Offshore, which owns and operates more than 100 vessels, has ordered the 95-m-long, MMC 897 CD-design PSVs for operations offshore Brazil. Each will feature an integrated electrical system, propulsion and... Continue Reading →
Wendy Laursen, Contributing Writer (OE) The more production infrastructure we push to the seabed, the more data we need to pull back up. With it comes opportunity. Chevron’s landmark 6,500 tons of subsea gas compression infrastructure for Jansz-Io demonstrates the scale of what is being put on the seabed, but there’s a diversity of other infrastructure under... Continue Reading →
DNV, the independent energy expert and assurance provider, has supported Atlas Renewable Energy in securing $289 million in financing for its first standalone Battery Energy Storage System (BESS) project in Chile. The financing package, backed by senior loans and credit lines from BNP Paribas and Crédit Agricole CIB, will fund the development of Battery Energy... Continue Reading →
(Reuters) - Brazil's Petrobras is set to reduce planned investments for next year, despite requests by the government for the state-run oil firm to increase CAPEX, three sources close to the matter told Reuters. The firm foresaw $21 billion of investments for next year, but spending could be down to around $17 billion, according to initial... Continue Reading →
(OE) SLB’s OneSubsea joint venture has secured a major contract by Petrobras to deliver full subsea equipment scope for one of Brazil’s five largest producing assets. As part of the project scope, OneSubsea will provide two subsea production manifolds, one electro-hydraulic distribution unit and additional related services. The project supports the further development of the... Continue Reading →
(oilnow.gy) Over 50 people from TechnipFMC’s Brazil team completed the load out of six manifolds for ExxonMobil’s fourth Stabroek Block development – Yellowtail. According to TechnipFMC, it was the team’s largest ever, resulting from “teamwork, collaboration, and safety.” The Yellowtail Development includes six drill centers and up to 67 wells, with 26 for production and 25 for... Continue Reading →
(offshore-energy.biz) France’s tubular solutions provider Vallourec has signed what is described to be a “significant” contract with Brazil’s state-owned energy giant Petrobras for the supply of oil country tubular goods (OCTG) and accessories for the development of Sepia 2 and Atapu 2 projects in the Santos Basin offshore Brazil. According to Vallolurec, the deal includes the delivery... Continue Reading →
(OE) Ocean Power Technologies Signs (OPT) has signed a memorandum of understanding (MoU) with Brazil’s SENAI to advance autonomous ocean developments. OPT and SENAI, short for Serviço Nacional de Aprendizagem Industrial (SENAI Innovation Institute for Virtual Production Systems from Firjan) in Brazil, will jointly explore blue economy opportunities including deployment of WAM-V autonomous and unmanned... Continue Reading →
Brazil Energy Insight 