Back-deck equipment specialist Maritime Developments MDL has supported engineering and marine services company DOF Subsea with SURF work packages in Angola. The MDL spread consisted of a second-generation reel drive system, four-track 85Te pipelay tensioner and an overboarding chute. It was mobilised onboard the offshore construction vessel Skandi Seven to perform SURF installation scopes of work.... Continue Reading →
Aker Solutions Raises 2022 Revenue Outlook
(Reuters) Norwegian oil services firm Aker Solutions raised its 2022 revenue outlook as it sees increased activity from oil and gas companies, with tender activity heading for a new record, it said on Thursday. The company now expects its 2022 revenues to rise by around 30% year-on-year, compared with the rise of more than 20%... Continue Reading →
Global Underwater Hub calls floating offshore wind “greatest opportunity for subsea in our generation”
(WO) The Global Underwater Hub (GUH) says floating offshore wind represents the greatest opportunity for the £8 billion ($9.5 billion) subsea industry in the UK this generation and must not be missed. The new strategic, intelligence-led organization, set up to transform the UK’s underwater industry into one of the largest and fastest-growing industries in the... Continue Reading →
PetroRio (PRIO) starts production of the first well of first well of the Frade revitalization project
(PN) PRIO announced that it has started production at the ODP4 well, in the Frade field, in the Campos basin. The oil company received approval from the Brazilian Institute for the Environment (Ibama) for new drilling activities in the asset. The ODP4 well is particularly special, as it is the first in Frade's revitalization program.... Continue Reading →
Brazil: TechnipFMC, Equinor Pen LoI for FEED Work on Brazilian Offshore Project
Oilfield services firm TechnipFMC has signed a letter of intent with the Norwegian oil company Equinor for an integrated Front End Engineering and Design (iFEED) study on its BM-C-33 project offshore Brazil. The study will finalize the technical solution for the proposed gas and condensate greenfield development in the pre-salt Campos Basin before Equinor makes its final investment decision (FID). The FEED study includes an option to proceed with a direct award to TechnipFMC for the integrated Engineering, Procurement, Construction and Installation (iEPCI) phase of the... Continue Reading →
Tullow Oil Taps Petrofac of O&M Services at Ghana FPSO
London-listed oilfield services giant Petrofac has won a contract with the oil firm Tullow Oil to provide operations services for Tullow's Jubilee Development offshore Ghana. Petrofac’s role in the Jubilee development in Ghana – one of the largest oil fields discovered offshore West Africa in 20 years – includes the provision of operations, maintenance, and... Continue Reading →
Valaris Nets 540-Day Offshore Drilling Deal with Equinor in Brazil
Norwegian oil and gas company Equinor has awarded the drilling contractor Valaris a 540-day drilling contract for the Valaris DS-17 drillship. The offshore drilling contract is for operations in Brazil and is scheduled to start in 2023. Under the contract awarded by Equinor on behalf of the Bacalhau license partners, the Valaris DS-17 drillship will drill an... Continue Reading →
Amapa Aguas Profundas: new exploratory frontier for oil and gas in Brazil
(epbr) It is Petrobras' culture to develop petroleum frontiers of high geological complexity, demanding development and application of the most daring technologies. From the pioneering onshore exploration activities to the pre-salt layer, the company has stood out for creating innovative solutions to enable the exploration of these areas, helping to strengthen the national industry, energy... Continue Reading →
West Africa Market Harbors Positive Potential for MODU Operators
The region could be a key growth market for the oil and gas industry going forward, writes Joshua Belo-Osagie, Maritime Strategies International (MSI). Improving sentiment surrounds energy market prospects offshore West Africa, the positive mood underpinned by higher oil prices, reformed regulatory frameworks in key markets including Angola and Nigeria and the discovery of major... Continue Reading →
World’s first hybrid-electric anchor handler completes sea trials
Denmark-headquartered Maersk Supply Service has revealed that one of its anchor handling tug supply (AHTS) vessels, which is believed to be the world’s first hybrid-electric anchor handler, has completed sea trials offshore Norway, following upgrades. Maersk Supply Service has steadily been reducing its emissions since 2018 through a combination of initiatives, such as energy-efficient operations... Continue Reading →