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July 13 (oilnow.gy) PRIO’s Wahoo project offshore Brazil has reached first oil using TechnipFMC’s Subsea 2.0® production system. TechnipFMC announced on July 13 via a LinkedIn post that the installation represents the first use of the technology in a Brazilian pre-salt field. “As a greenfield development enabled through a tie-back approach, Wahoo demonstrates how innovation can unlock... Continue Reading →
CJuly 12 (oilprice.com) ompanies are gearing up for exploration drilling in deepwater blocks offshore Uruguay in the hope that the South Atlantic margin offshore South America could hold a lot of oil, similar to the recent discoveries offshore Namibia in Africa. Uruguay, with a limited exploration drilling history of three wells spudded, all dry,... Continue Reading →
July 10 (Reuters) - Italian energy contractor Saipem's merger with Norwegian peer Subsea 7 is set to face a full-scale EU antitrust investigation because of competition concerns about the deal, people with direct knowledge of the matter said. The companies announced the deal in February last year to create a leading global player in offshore energy services,... Continue Reading →
July 8 (PN) Equinor has completed the installation of the PLEM (Pipeline End Manifold) for the Raia project at a depth of approximately 2,700 meters in the Campos Basin. This subsea equipment connects the FPSO risers to the pipeline that will transport natural gas to shore. The Raia pipeline will span approximately 200 kilometers, linking... Continue Reading →
July 8 (PN) Karoon Energy recorded an increase in production at the Baúna field, in the Santos Basin, following the completion of an intervention on well SPS-92, which resumed operations after the replacement of its electric submersible pump (ESP). The well's output reached 8,600 barrels of oil equivalent per day (boe/d), raising the field's total... Continue Reading →
July 7 (Reuters) - Brazilian state-run oil firm Petrobras (PETR3.SA), opens new tab signed an agreement with regulator ANP committing to bring 335 temporarily abandoned offshore wells into compliance with safety and environmental rules, both parties said in separate statements on Tuesday. Under the signed agreement, Petrobras will pay 300 million reais ($58.3 million) to ANP, and... Continue Reading →
July7 (OE) Oceaneering International, Inc. has announced that its Brazilian subsidiary, Marine Production Systems do Brasil LTDA (MPS), won a contract from Petróleo Brasileiro S.A. (Petrobras) to deliver ROV services offshore Brazil. The award follows a competitive tender process. The contract term is four years and operations are expected to begin in 2027. Oceaneering will... Continue Reading →
June 30 (oilnow.gy) DOF Group ASA has secured a three-year contract for the Skandi Involver to support subsea work in Guyana’s Stabroek Block, where ExxonMobil Guyana Limited continues to advance offshore development activity. The Norway-based offshore and subsea services company announced on June 26 that the award was made through its North America subsea region.... Continue Reading →
June 30 (OE) Houston-based Nauticus Robotics has strengthened its balance sheet through a debt-for-equity exchange that eliminates approximately $4 million in outstanding debt while increasing shareholders' equity. The company announced June 30 that an existing lender agreed to convert approximately $4.0 million in outstanding indebtedness and accrued interest under Nauticus' Senior Secured Term Loan Agreement... Continue Reading →
June 25 (OE) Baker Hughes has secured a significant contract award from Azule Energy to supply subsea production systems for the Greater PAJ development offshore Angola. Under the agreement, Baker Hughes will provide deepwater horizontal tree systems for the ultra-deepwater greenfield project, as well as subsea control modules, intervention workover control systems and associated connection,... Continue Reading →
