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Aug. 7 (oilprice.com) BP’s Bumerangue discovery is more than another giant Brazilian oil find: it could become the project that keeps both BP’s upstream portfolio and Brazil’s production boom alive well into the 2030s. With an estimated 2.5 billion barrels potentially recoverable and peak output that could reach 600,000 b/d, the ultra-deepwater development is large enough to... Continue Reading →
4th August 2026: Intermoor, Acteon’s Moorings and Anchors business line, has been awarded a new contract by Petrobras for the provision of inspection, preservation, maintenance, and operational readiness services for subsea interconnection, mooring and anchoring materials. This award marks the third contract secured by Intermoor from Petrobras in less than a year, reinforcing a long-standing... Continue Reading →
Aug. 3 (OE) Saipem and Subsea7 have cleared a key U.S. regulatory hurdle for their planned merger after the waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976 expired, allowing the transaction to close in the United States once all remaining conditions are met. The companies said all applicable waiting periods under the... Continue Reading →
July 31 (oilnow.gy) TechnipFMC reported “strong” second-quarter 2026 results on July 30, driven by US$2.5 billion in subsea orders and higher project activity across its offshore business. The company recorded total revenue of US$2.76 billion during the quarter. Net income attributable to TechnipFMC reached US$362.7 million, while adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization... Continue Reading →
July 31 (Reuters) Dutch geological data specialist Fugro said on Friday the offshore wind downturn has yet to bottom out and that a recovery was not expected before 2027, sending its shares down around 10%. The company said uncertainty remained high due to weak offshore wind markets and the conflict in the Middle East, adding... Continue Reading →
July 31 (OE) DOF Group has secured long-term contract extensions with Petrobras for the Skandi Buzios and Skandi Recife pipelay support vessels (PLSVs), extending both contracts into January 2028. Following negotiations with Petrobras, Skandi Buzios was awarded a 516-day extension, while Skandi Recife secured a 550-day extension, DOF said. The contracts had previously been due... Continue Reading →
July 29 (oilnow.gy) Subsea installation activities have started for ExxonMobil Guyana’s Whiptail development in the Stabroek Block, ahead of the arrival and installation of the Jaguar floating production, storage and offloading (FPSO) vessel being constructed by SBM Offshore. ExxonMobil confirmed to OilNOW on July 28 that the ongoing offshore installation activities are related to the project’s subsea umbilicals,... Continue Reading →
July 24 (OE) KOIL Energy has secured its first contract in Brazil for subsea umbilical maintenance services, marking the company's entry into the world's largest deepwater offshore market. The contract covers the re-termination and testing of subsea umbilical components, including chemical injection and hydraulic control lines, as well as electrical cables. KOIL said it will... Continue Reading →
July 23 (OE) DOF Group has agreed to sell four platform supply vessels (PSVs), acquire two construction support vessels (CSVs) under construction and declare a constructive total loss on the anchor handling tug supply (AHTS) vessel Skandi Amazonas, as the company continues to optimize and modernize its fleet. The company said it will sell the... Continue Reading →
July 22 (PN) SLB OneSubsea submitted the lowest bids in a Petrobras tender for the supply of 32 subsea trees and other subsea equipment (manifolds, electro-hydraulic distribution units, PLEMs, ESDVs, and UTAs). The other competitors in the process were Baker Hughes and TechnipFMC. The data was recently released by Petronect (tender no. 7004565113). The equipment... Continue Reading →
Brazil Energy Insight 