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(OE) Oilfield services company TechnipFMC has secured a ‘substantial’ contract from Petrobras to supply flexible pipe for the pre-salt fields offshore Brazil. The contract covers the design, engineering, and manufacture of flexible pipe for water injection and gas lift. Although the exact value of the contract was not disclosed, for TechnipFMC, a ‘substantial’ contract is... Continue Reading →
(Reuters) EIG-owned Ocyan has signed a contract worth around 750 million reais ($134.61 million) to provide maintenance and maritime services to Brazil's state-run oil firm Petrobras, Ocyan's chief executive Jorge Luiz Mitidieri told Reuters. The deal will last at least four years, in what is the largest individual contract signed by Ocyan since the COVID-19... Continue Reading →
(Offshore-energy.biz) UK-headquartered AIS has secured multiple contracts to supply a comprehensive range of subsea ancillary solutions on a “major” deepwater oil field development located in the Santos Basin, off the coast of Brazil. The contracts are from several engineering, procurement, construction, and installation (EPCI) and original equipment manufacturer (OEM) companies. The contracts involve providing various critical subsea... Continue Reading →
(Reuters) Portugal's Galp Energia on Monday reported its second quarter adjusted net profit jumped 16% and beat expectations as higher oil price and lower cost of production offset lower production and stable refining margin. It booked an adjusted net profit of 299 million euros ($325.34 million), more than the 236 million euros expected by 18... Continue Reading →
(PN) The Brazilian Environmental Institute (Ibama) issued approval for the use of support ships CBO Endeavour, Normand Maximus and Siem Emerald during the installation of the platform ship (FPSO) Almirante Tamandare. The expectation is that the first oil from the FPSO will be extracted in 2025. The vessel is still under construction by SBM Offshore... Continue Reading →
(OE) Norwegian offshore supply vessel company DOF Group has secured multiple contracts with Petrobras for work offshore Brazil. AHTS Skandi Jupiter and AHTS Skandi Mercury, both under management contracts with DOF, have been contracted by Petrobras to operate as AHTS 230t BP after the same competitive tender process earlier this year that led to the... Continue Reading →
(OilNow.gy) ExxonMobil’s Hammerhead development will be a “stand alone” project, according to the summary submitted to Guyana’s Environmental Protection Agency (EPA). Potentially, additional resources can be tapped, if determined to be feasible and economically viable, the document read. The proposed project will be located in the south central portion of the Stabroek Block, 160 kilometers (km) from... Continue Reading →
(Reuters) Exxon Mobil's legal bid to stop Chevron's proposed $53 billion acquisition of Hess rests on whether the transaction would involve a change of control of Hess' prize subsidiary in Guyana, according to people knowledgeable about the argument. The two top U.S. oil producers are in an arbitration battle over the world's largest oil discovery... Continue Reading →
(OE) MODEC has secured an Approval in Principle (AiP) for Abate Notation from classification society DNV for its FPSO Bacalhau, set for deployment at an Equinor-operated oil project offshore Brazil. In this project, a comprehensive assessment of greenhouse gas emissions abatement on FPSO Bacalhau was conducted according to DNV guidelines. The Abate notation requires stringent... Continue Reading →
(Offshore-energy.biz) After ExxonMobil Guyana Limited (EMGL), a subsidiary of the U.S.-headquartered energy giant ExxonMobil, applied for environmental authorization to undertake the development of its seventh oil project in the Stabroek block, off the coast of Guyana, the country’s Environmental Protection Agency (EPA) has reviewed the application, concluding that it needs further insights into the potential... Continue Reading →
