Petrobras signs R$8.4 billion contract with Subsea7 for subsea interconnection of the Buzios 11 Project

Petrobras has signed an engineering, acquisition, construction and subsea installation (EPCI) contract for the Buzios 11 Project with the company Subsea7, worth R$8.4 billion, as a result of a competitive contracting process. The agreement is expected to generate more than a thousand direct and indirect employees. The contract establishes a minimum requirement of 40% local... Continue Reading →

SBM Offshore’s Suriname-bound FPSO for TotalEnergies $12.2B oil project starts taking shape

(offshore-energy.biz) France’s energy giant TotalEnergies is making strides in the development of the first-ever offshore oil field in Suriname. Progress has also been achieved in the construction of a floating production, storage, and offloading (FPSO) vessel destined for this project. Following a final investment decision (FID) for the 12.2-billion GranMorgu offshore oil field in Block 58, located around 150 kilometers off... Continue Reading →

TechnipFMC signs agreement with Petrobras to develop CO2 resistant hybrid flexible pipe

TechnipFMC has signed a technology agreement with Petrobras to accelerate the development and commercialization of the so-called Hybrid Flexible Pipe (HFP) as a definitive standardized solution to address a well-known problem in the offshore industry: stress corrosion cracking caused by CO₂ (SCC CO₂) in flexible pipelines. The new technology is designed to withstand corrosive environments... Continue Reading →

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