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(OE) Denmark-based power cable-making and installation firm NKT said it would invest around one billion euros in its high-voltage power cable business, including a new high-end cable laying vessel, and a new offshore cable production plant in Sweden. NKT said the investment was needed so the company can deliver on its recently secured significant order... Continue Reading →
Brazilian oil and gas player Enauta has found oil in a new reservoir section at a well located on a field development offshore Brazil. Enauta disclosed on Tuesday, 23 May 2023, that it had confirmed oil in a new reservoir section, named Atlanta NE accumulation, located within the Atlanta field area, which is currently under development. The... Continue Reading →
Norwegian companies TGS and Kongsberg on Wednesday announced a strategic collaboration to jointly develop integrated data and digital solutions for the offshore wind industry. TGS, known for its seismic services in the oil and gas sector, and Kongsberg, for its maritime equipment and technology, said the aim of the partnership is "more efficient use of data... Continue Reading →
(OET) Offshore drilling contractor Seadrill has managed to enhance its operational and financial performance in the first quarter of 2023. With the offshore drilling upcycle in full swing, the Bermuda-headquartered rig owner believes it is well-positioned to take advantage of the improvements in the market, aided by its recent acquisition of Aquadrill. As the tightening... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has identified the presence of hydrocarbons in the Santos Basin pre-salt, in an appraisal well in the Aram block. Well 3-BRSA-1387D-SPS is located 260 km from the city of Santos-SP, at a water depth of 1,979 meters. The well is in progress and the oil-bearing interval was... Continue Reading →
Utah-headquartered Sarcos Technology and Robotics Corporation and Pennsylvania-based VideoRay have signed an agreement to offer integrated underwater robotic systems. Under the agreement, the parties plan on combining VideoRay remotely operated vehicles (ROVs) with the Sarcos Guardian Sea Class robotic system including its dexterous arms. Sarcos and VideoRay will each be able to sell an integrated underwater robotic system, as well... Continue Reading →
Oilfield services firm TechnipFMC has won a contract to supply subsea umbilicals, risers, and flowlines (SURF) for the recently sanctioned $9 billion BM-C-33 offshore development in Brazil. The contract was awarded by Equinor, the operator of the offshore block, on behalf of its partners Repsol Sinopec Brasil and Petrobras. Located in the Campos Basin, BM-C-33... Continue Reading →
Tidewater Inc., a leading global provider of offshore support vessels, has reported a strong start to 2023, posting its highest quarterly revenue since the fourth quarter of 2015. First quarter revenue hit $193.1 million, representing an 83% increase over the first quarter of 2022. Net income hit $10.7 million, or $0.21 per share, compared to... Continue Reading →
(PN) Subsea7 has expanded its fleet of vessels in Brazil with the addition of the Seven Vega – offshore construction vessel (OCV). The vessel will operate in the Bacalhau field, operated by Equinor in the Santos basin, where the Subsea Integration Alliance is conducting the offshore campaign. “We are immensely proud to bring such a... Continue Reading →
Equinor, Repsol Sinopec Brasil, and Petrobras have taken the investment decision to develop the BM-C-33 project in Brazil. The investment is approximately USD 9 billion. Located in the Campos Basin, BM-C-33 comprises three different pre-salt discoveries – Pão de Açúcar, Gávea and Seat – containing natural gas and oil/condensate recoverable reserves above one billion barrels... Continue Reading →
Brazil Energy Insight 