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(OE) Norwegian company Miko Marine has secured a contract from Offshore Frontier Solutions, a MODEC Group company, for the supply of sea inlet covers for its new floating production storage and offloading (FPSO) Errea Wittu, being built for ExxonMobil. Miko will supply two sea chest covers and two sets of pipe covers. The covers use... Continue Reading →
`(OE) Kristian Siem, founder and longtime leader of Siem Offshore, is stepping down as chairman of the Norwegian offshore support vessel (OSV) firm after reaching a deal to acquire nine vessels in exchange for his 35% stake in the company. The company announced it has reached an "amicable agreement" to sell Siem Barracuda, Siem Stingray,... Continue Reading →
( Offshore-energy.biz) Offshore do Brasil, a subsidiary of Norway’s shipping player Siem Offshore, has won a four-year assignment in Brazil with an undisclosed company for one of its oil spill recovery vessels (OSRV). The new contract award for the OSRV Siem Marataizes is slated to begin in the second quarter of 2024. This vessel has been designed... Continue Reading →
(offshoreWindbiz) Brazil’s SENAI Institute for Innovation in Renewable Energies (ISI-ER) installed a LiDAR in the Paracuru municipality in the state of Ceará on 3 April, the last piece of equipment of what is said to be the largest offshore wind resource monitoring network in Brazil. Through an agreement with the Ministry of Science, Technology and... Continue Reading →
(OE) Marine seismic data company PGS has received a letter of award for a large 3D contract offshore South Atlantic margin from a multiclient company. A Ramform Titan-class vessel is scheduled for mobilization in June, with a forecast acquisition duration of up to 300 days. The value of the contract has not been disclosed, but... Continue Reading →
(PN) OceanPact, one of the leading companies in responding to offshore emergencies in the country, signed new contracts with Petrobras for a period of four years to charter three OSRVs (Oil Spill Response Vessel) worth a total of R$650 million. The vessels Fernando de Noronha, Jim O’Brien and Macaé will be at the service of... Continue Reading →
Petrobras has authorized hiring processes for support vessels for exploration and production logistics, with the aim of meeting short-term demand for the years 2025 and 2026. It also approved contracting new support vessels for long-term demands, whose technical specifications will focus on new technological solutions for efficiency and reducing greenhouse gas (GHG) emissions. These opportunities... Continue Reading →
( Offshore-energy.biz) UK-based offshore drilling contractor Stena Drilling is set to deliver an equipment upgrade for its newest drillship that is expected to make it capable of drilling in previously inaccessible reservoirs. The seventh-generation drillship Stena Evolution is about to undergo an equipment upgrade which will make it capable of drilling and completing wells requiring... Continue Reading →
(OM) Acteon Group, an offshore energy infrastructure services business, has been acquired by private equity investors Buckthorn Partners and One Equity Partners (OEP). With this business investment, Buckthorn and OEP said they aim to "improve Acteon’s standing with suppliers and customers and enable it to compete even more strongly in its core markets." The investors’ said... Continue Reading →
Constellation, leader in the offshore drilling market in Brazil, recorded net revenue of US＄552 million in 2023, a growth of 36% compared to the previous year. The result before interest, taxes, depreciation and amortization (Ebitda) was US＄ 185 million, 176% higher than in 2022. The company released its 2023 financial results to the market this... Continue Reading →
Brazil Energy Insight 