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Sept. 9 (OE) BW Energy has completed a $365 million project finance facility to fund the refurbishment and redeployment of the Maromba floating production, storage and offloading vessel (FPSO) to Brazil’s Maromba field. The loan, backed by China Export & Credit Insurance Corporation (Sinosure), was significantly oversubscribed and will cover around 80% of total project... Continue Reading →
Sept. 8 (Reuters) U.S. oilfield services provider Halliburton has been cutting staff in recent weeks, according to two sources familiar with the matter, marking the latest workforce reduction in the U.S. oil industry as it faces rising costs and a period of lower prices and volatility. Global benchmark Brent crude oil prices have dropped more... Continue Reading →
Sept. 3 (offshore-energy.biz) Following the handover of the operator role for one block, Challenger Energy Group (CEG), the Isle of Man-headquartered oil and gas company, has embarked on a search for a partner at another block off the coast of Uruguay. Before initiating a farm-out process for the AREA OFF-3 block, the firm progressed its planned technical... Continue Reading →
Sept. 4 (OE) French seismic firm Viridien, in collaboration with joint venture partner TGS, has started the Megabar Extension Phase I survey in the Barreirinhas Basin offshore Northern Brazil. The 5,300 sq km multi-client 3D seismic survey will be acquired by TGS and imaged by Viridien and builds on Viridien’s existing Megabar survey coverage. The... Continue Reading →
Sept. 3 (OE) Engineers in the U.K. and Brazil have developed a tentacle-like underwater robot that could change how subsea pipelines and offshore structures are inspected, offering a safer and more precise alternative to conventional rigid systems. The one-meter-long flexible manipulator, created by the U.K.’s National Robotarium and Brazil’s Senai Cimatec, features a soft, bendy... Continue Reading →
Sept. 2 (OE) TechnipFMC has secured two subsea contracts from Brazil’s state-controlled oil company Petrobras to supply flexible pipe systems for projects in the Santos and Campos basins. The first award, classed by TechnipFMC as ‘substantial’ and valued between $250 million and $500 million, covers the design, engineering and manufacture of flexible gas injection risers.... Continue Reading →
Sept. 2 (OE) Fugro has signed two three-year contracts with offshore energy services company Constellation to support deepwater exploration activities in Campos Basin and the emerging Equatorial Margin, two of Brazil’s most strategically important regions. Fugro’s work will involve deploying advanced remotely operated vehicles (ROVs) aboard Constellation-managed vessels to carry out subsea equipment inspections, interventions... Continue Reading →
Sept.1 (OE) TotalEnergies and its partners QatarEnergy and Société Nationale des Pétroles du Congo have been awarded an exploration license for the Nzombo offshore block in the Republic of Congo. Under the terms of the production sharing contract signed with the Congolese Government, QatarEnergy will hold a 35% participating interest in the block. TotalEnergies affiliate... Continue Reading →
Sept. 1 (OE) U.S.-based subsea services and technology firm Oceaneering International has through its Brazilian subsidiary Marine Production Systems do Brasil (MPS) secured multiple subsea robotics contracts from Petrobras. The contracts were awarded during the second quarter of 2025, following a competitive tender. The anticipated aggregate revenue of the contracts is approximately $180 million. Oceaneering... Continue Reading →
Aug. 28 (PN) Karoon announced to the market that it intends to invest between US$55 million and US$65 million in 2026 in a revitalization campaign for the FPSO Cidade de Itajaí, used in the Baúna field in the Santos Basin. Additionally, the company estimates spending approximately US$80 million to US$90 million between 2030 and 2034,... Continue Reading →
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