Category: Offshore production

Prysmian’s ‘first-of-its-kind’ FPSO subsea tie-back system in Brazil saves operator money and time for offshore oil project

(offshore-energy.biz) Italy’s cable systems giant Prysmian has provided a solution to a tie-back project in the pre-salt layer off the coast of Brazil, which it describes as a groundbreaking system envisioned to connect fields 30 kilometers (km) away to a floating production, storage, and offloading (FPSO) unit, enabling fast-tracked development of an oil project with... Continue Reading →

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TechnipFMC Secures Major Subsea Contracts at Petrobras’ Brazil Fields

(OE) Oilfield services company TechnipFMC has been awarded two multi-million-dollar subsea contracts by Petrobras for the pre-salt fields offshore Brazil. The first contract, deemed substantial by TechnipFMC, is to design, engineer, and manufacture riser flexible pipe, and for the supply of associated services including packing and storage. Substantial contract for TechnipFMC means its worth is... Continue Reading →

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Petrobras’ new strategic plan to have greater focus on oil and gas, CFO says

(Reuters) - Petrobras' (PETR4.SA), opens new tab new multi-year strategic plan will have greater focus on upstream operations than the previous one, Chief Financial Officer Fernando Melgarejo said on Monday, as the Brazilian state-run firm looks to rebuild oil and gas reserves. Melgarejo told Reuters that the 2025-2029 plan, which is currently being drafted, does not foresee... Continue Reading →

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Vallourec Boosts Pipe Coating Offering with Latest Acquisition

(OE) French tubular solutions supplier Vallourec has entered into a definitive agreement to acquire Matt’s subsidiary Thermotite do Brasil, a specialized provider of thermal insulation pipe coating services for the offshore oil and gas industry. The acquisition price is $17.5 million, on a cash-free, debt-free basis, subject to customary price adjustments, including working capital. Thermotite’s... Continue Reading →

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Mexico’s top oil & gas projects under development: Coming to grips with main hydrocarbon challenges and obstacles at home and abroad

(offshore-energy.biz) Many factors, including roadblocks, play a role in oil and gas extraction and development around the globe. Some of these are region-specific while others tend to be a global problem. Mexico’s five largest upcoming hydrocarbon projects have not managed to escape these, thus, they are also facing such technical and other issues. The Latin... Continue Reading →

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Petrobras begins the operating procedures for the Natural Gas Processing Unit (UPGN) in Rio de Janeiro

Petróleo Brasileiro S.A. – Petrobras announces that it has begun the procedures for the start-up of the largest natural gas processing unit (UPGN) in Brazil, located in Itaboraí, in the metropolitan region of Rio de Janeiro. On September 9th, the company obtained authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) for... Continue Reading →

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