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Australia's top oil and gas company Woodside Energy has awarded a contract to Subsea 7 for subsea installation services for the Trion development offshore Mexico. Subsea 7 described the contract as large, which means its value ranges between $300 million and $500 million. The scope of contract for Subsea 7 includes engineering, construction, and installation... Continue Reading →
Feritech Global has completed a major design and build project for Oceaneering, the world’s largest provider of subsea robotics to the offshore energy industry. The company has designed a next generation auto-drop piston corer which is expected to dramatically reduce the amount of time needed for subsea geotechnical surveying, increasing safety and efficiency, whilst reducing... Continue Reading →
(ON) By the third quarter of 2024, Saipem Guyana is set to occupy 81,000 square meters (m2) of the Vreed-en-Hoop Shore Base Inc. (VEHSI) facility, allowing it to fabricate “more complex” subsea structures for the country’s booming oil industry. Saipem is one of the prime contractors of Stabroek Block operator, ExxonMobil. The revelation was made... Continue Reading →
(OE) TDI-Brooks' latest dynamic positioning vessel, the RV Nautilus, has reached the shores of the East Coast of the United States ahead of work for offshore wind sector. After undergoing a six-month retrofit in Las Palmas, the 2000-built vessel will be put to work to provide support for offshore wind projects and various other subsea... Continue Reading →
(PN) Subsea 7 is taking new steps in the execution of some of its main contracts in the Brazilian market. The company recently announced an update on its operations in the country and revealed that it has made progress in the Bacalhau and Mero projects, both in the Campos Basin. In Bacalhau, the company installed... Continue Reading →
U.S.-based Oceaneering has completed its first onshore piloting of a remotely operated vehicle (ROV) from an onshore remote operation center (OROC) in Brazil, carried out in partnership with the Brazillian oil and gas giant Petrobras. The companies worked together to ensure secure offshore connectivity for piloting the ROV from the OROC in Macaé, Rio de... Continue Reading →
(Offshore-energy.biz) After another year of active tendering, Subsea7 secured $7.4 billion of contract awards in 2023, taking its backlog to $10.6 billion, a year-end level last seen in 2013. In its full-year 2023 financial report, Subsea7 reported revenue of $6 billion, an increase of $838 million or 16% compared to the prior year, said to... Continue Reading →
Digital solutions are accelerating the progress required to ensure CCS earns its place in climate change mitigation history. (OE) Carbon capture has been around since the 90s, but the behavior of CO2 in pipelines is still not that well understood. A lack of suitable multiphase flow assurance models has meant that past CCS projects have... Continue Reading →
U.S. offshore energy industry equipment maker Dril-Quip has been selected to supply the subsea wellhead systems for the Woodside Energy's Trion development offshore Mexico. The Trion project, a greenfield deepwater development, includes 24 wells across two phases. Woodside's decision to use Dril-Quip's BigBore IIe Subsea Wellheads will leverage the system's field-proven sealing technology and 2... Continue Reading →
(OM) Global energy demand continues to ramp up as the world economy emerges from the constraints of the COVID-19 pandemic. According to the US EIA, liquids consumption has grown by 10% over the past three years, averaging 101 MMb/d in 2023. The rebound in oil demand to above pre-pandemic levels continues to spur investments in... Continue Reading →
Brazil Energy Insight 