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May 21 (OE) Saipem and Petrobras have signed a memorandum of understanding (MoU) to initiate a technical dialogue aimed at assessing and potentially developing integrated solutions for decommissioning activities in Brazil, with reference to oil and gas fields, subsea systems and associated infrastructure. In particular, the MoU covers plug and abandonment activities – relating to... Continue Reading →
May 20 (interestingengineering) China’s offshore wind-powered underwater data center, said to be the world’s first of its kind, has entered full commercial operation off the coast of Shanghai’s Lingang Special Area. The $226M project was officially launched in June 2025 through a cooperation agreement signed between the Lingang Special Area administrative committee, Shanghai Lingang Special... Continue Reading →
May 20 (offshore-energy.biz) French provider of tubular solutions Vallourec has secured two additional line pipe orders from ExxonMobil Guyana Limited (EMGL) for delivery to the Stabroek Block, under the long-term agreement the companies signed in 2021. The combined scope includes the supply of over 145 kilometers of coated line pipe for EMGL’s deepwater Hammerhead and Longtail... Continue Reading →
May 20 (oilnow.gy) Trinidad and Tobago will negotiate the commercial terms for cross-border natural gas projects with Venezuela in what officials say must serve the country’s national interest, as policymakers seek to ease tightening domestic gas supply, according to a May 18 Energy Chamber of Trinidad and Tobago report. Finance Minister Davendranath Tancoo told Parliament recently... Continue Reading →
May 20 (OE) Cadeler has reported higher first-quarter revenue and earnings, supported by expanded offshore wind installation activity following growth in its operating fleet. The Danish offshore wind vessel operator posted revenue $145.2 million (€125 million) for the first quarter of 2026, up from $75.5 million (€65 million) in the same period last year, while EBITDA rose... Continue Reading →
May 20 (OE) BW Energy has made final investment decisions (FID) for the Bourdon development in the Dussafu license offshore Gabon and a new infill drilling campaign in the Golfinho license offshore Brazil, targeting combined 2P reserves of 68 million barrels of oil equivalent. The company said the two projects are expected to increase net... Continue Reading →
May 19, (oilnow.gy) Staatsolie secured more than US$2 billion in financing in 2025 to fund its 20% participation in Suriname’s GranMorgu offshore oil development, according to Managing Director Annand Jagesar. In a message published in the company’s 2025 Annual Report released on May 15, Jagesar said Staatsolie raised US$516 million through the Staatsolie Bond 2025-2033 and secured... Continue Reading →
May 14 (OE) ABL Energy & Marine Consultants Brasil has been appointed marine warranty surveyor (MWS) for Subsea7’s transportation and installation campaign covering SURF infrastructure for the Mero 3 and Mero 4 offshore developments in Brazil’s Santos Basin. The scope covers subsea pipelines and associated subsea risers and flowlines infrastructure linked to the Mero 3... Continue Reading →
May 13 (oilnow.gy) ExxonMobil Guyana is evaluating discoveries in offshore waters approaching 3,000 meters deep as the company moves beyond the large oil projects that drove the first phase of development in the Stabroek Block. ExxonMobil Guyana Development Manager Kyle Countryman discussed the deeper-water prospects during a panel session at the Offshore Technology Conference (OTC)... Continue Reading →
Seadrill has secured more than $860 million in new contract backlog since February fleet status report, driven by offshore drilling awards and extensions in Brazil, the U.S. Gulf and Angola, lifting its total contract backlog to about $3.1 billion. The offshore drilling contractor said recent awards included a three-year extension for the West Polaris drillship... Continue Reading →
