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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 →
(OE) U.S. oilfield services giant Baker Hughes has secured a ‘significant contract’ from Petrobras for integrated well construction services in the Búzios field, offshore Brazil. The integrated services project is set to start in the first half of 2025 and will include drilling services, drill bits, wireline, cementing, wellbore clean up, fishing, remedial tools, fluids, services and... Continue Reading →
(TN)Petrobras announced the start of the contract for the development and implementation of HISEP®, an unprecedented technology patented by the company that will be used to increase production efficiency, reduce costs and the intensity of emissions in pre-salt oil and gas production systems. At the Petrobras Research, Development and Innovation Center (Cenpes), in Rio de... Continue Reading →
(OET) Subsea power cable manufacturer NKT has reported a record-high order backlog for high-voltage cables for 2023, with 45% of orders coming from offshore wind. At the end of last year, NKT’s order backlog was at €10.8 billion, more than double the company saw at the end of 2022. In its full-year 2023 results, the... Continue Reading →
(PN) Brazil and neighboring Guyana are recognized as the two countries with the greatest potential for growth in the offshore market. While the Brazilian coast still reserves many opportunities in the pre-salt and, in the future, also in the Equatorial Margin, Guyana has increasingly assumed a prominent role in the global offshore industry with rich... Continue Reading →
(Reuters) - Italian cablemaker Prysmian (PRY.MI), opens new tab has shifted around management in Brazil and Latin America as it gears up local plants to boost supply to the electricity sector and future offshore wind farms in the region, the company told Reuters. Raul Gil Boronat, who led Prysmian in Brazil, took over as CEO for Latin... Continue Reading →
(OE) NOV reports its Lifting & Handling group has sold what is said to be the industry’s first-ever electric subsea crane. The order was booked at the end of 2023 with an undisclosed client in Europe, NOV said. The first-of-its-kind crane offers enhanced efficiency compared to electro-hydraulic cranes, helping lead to reduced vessel emissions, the... Continue Reading →
(OE) Ocean services provider DeepOcean has been awarded a contract by ExxonMobil Guyana for the provision of subsea construction and inspection, maintenance, and repair (IMR) services offshore Guyana in South America. Under the contract, DeepOcean will plan and execute a wide range of subsea activities, including subsea construction and jumper installations as well as subsea... Continue Reading →
Brazil Energy Insight 