$54 billion in engineering, procurement and construction contracting opportunities on offshore oil & gas agenda for 2025

(offshore-energy.biz) Despite the challenges hitting the fossil fuel industry, demand for hydrocarbons remains steady, as confirmed by the global engineering, procurement, and construction (EPC) contracting activity across the offshore oil and gas landscape. The batch of new projects, which are expected to reach the EPC stage this year, will lead to awards worth billions of... Continue Reading →

JDR supports cutting-edge IceCube neutrino research in Antarctica’s extremes

JDR Cables, the global subsea cable supplier and service provider, part of the TFKable Group, has secured a landmark contract from Michigan State University to supply and coordinate the delivery of custom-engineered cables for an upgrade to the IceCube Neutrino Observatory, an advanced international research project in Antarctica dedicated to studying subatomic particles called neutrinos.... Continue Reading →

Seacrest Petroleo hits Petrobras with arbitration proceeding over subsea pipeline repair failures

Seacrest Petroleo, an independent oil & gas production company with an integrated portfolio of onshore producing oil fields and export infrastructure onshore in Brazil’s Espírito Santo, has filed an arbitration request against Brazil’s state-owned oil & gas giant Petrobras over alleged subsea pipeline repair failures. Namely, a court in Rio de Janeiro announced on December 27,... Continue Reading →

Suriname oil development could be most expensive to date in Guyana Basin

(oilnow.gy) Staatsolie said Suriname’s first oil development in the shared basin could cost US$13.2 billion. This would represent the highest development expense for such a project, costing more than any of the six projects already sanctioned for nearby Guyana in the same basin.  TotalEnergies, the operator for the Gran Morgu project, had said the project’s estimated cost is... Continue Reading →

Fugro to Perform Fully Remote Subsea Surveys for Petrobras Off Brazil

(OE) Petrobras has signed a 175-day addendum to Fugro’s current inspection, repair and maintenance services contract, performed by the Fugro Aquarius, to include fully remote subsea inspection surveys of shallow-water infrastructure in Brazil. Work will begin in January 2025, leveraging Fugro’s advanced Blue Essence uncrewed surface vessel (USV) and Blue Volta electric remotely operated vehicle... Continue Reading →

SLB OneSubsea to Deliver Production-Boosting Systems for Petrobras’ Búzios Field

(OE) Global energy technology company SLB, through its OneSubsea joint venture, has secured a contract with Petrobras for the delivery of two subsea raw seawater injection (RWI) systems to increase production at the Búzios field, offshore Brazil. Under the contract, SLB OneSubsea will provide two complete subsea RWI systems to support Petrobras’ floating production storage... Continue Reading →

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