Category: Offshore Activity

Field development offshore Brazil driving deepwater rig activity

(OM) Two key Equinor field development projects offshore Brazil are driving deepwater rig contracting activity, according to Evercore ISI’s latest Offshore Rig Market Snapshot.   Recently,Valaris announced that it will be reactivating the DS-17 for a new 540-day contract with Equinor for offshore Brazil. The $327-million contract value includes $86 million in upfront reimbursements for mobilization, reactivation,... Continue Reading →

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Ocyan signs a contract with Solstad Offshore

Ocyan has signed a contract with Solstad Offshore for the charter of a “Normand Cutter” construction support vessel. The purpose is to enable Ocyan to participate in several projects in the segment and the first of them will be the contract for the decommissioning of the subsea systems of 3 FPSOs, recently won from Petrobras... Continue Reading →

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MDL and DOF Subsea return to Angola for SURF project

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 →

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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 →

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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 →

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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 →

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