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(OET) TechnipFMC has received $4.1 billion in subsea inbound orders in the second quarter of 2023, a 62.2% increase compared to Q1 2023 and a 113.4% increase compared to the same period in 2022. Records were set for the company’s iEPCI full-field subsea development and integrated project execution and Subsea 2.0 subsea production system. TechnipFMC’s total... Continue Reading →
Subsea 7’s revenue for the first half of 2023 was $2.8 billion, a $323 million or 13 per cent increase compared to the first half of 2022, said to be due to significantly increased activity in the Subsea and Conventional business unit partly offset by lower revenue in the Renewables business unit. For 1H 2023,... Continue Reading →
(OE) French steel pipemaker Vallourec said Monday it had won two major orders to supply line pipes for phases 6 and 8 of the Buzios oil field development operated by Petrobras. These orders are in addition to the contract previously won for phase 7, representing a total of 48,000 tons of line pipe. Located off... Continue Reading →
(OE) UK-based CRP Subsea has recently won a "major" contract from an unnamed "leading energy technology company," AIS, CRP's parent company, said this week. CRP Subsea will deliver 333 distributed buoyancy modules (DBMs) for a deepwater oil field project located in the pre-salt Santos Basin, offshore Brazil. Distributed buoyancy modules (DBMs) are typically used between structures... Continue Reading →
(Reuters) The Big three oilfield services (OFS) companies will likely report higher profits for the second quarter as resurgent demand in international markets and strong offshore drilling helped counter tepid activity in North America. Baker Hughes, Halliburton, and SLB are set to post a combined second-quarter adjusted profit of $2.04 billion, according to Refinitiv data,... Continue Reading →
Offshore drilling contractor Transocean has secured a 1,080-day contract for one of its high-specification seventh-generation, ultra-deepwater drillships in the Gulf of Mexico, offshore Mexico. The contract will contribute approximately $518 million in backlog, excluding revenue for mobilization and demobilization, and is expected to start between the fourth quarter of 2025 and the second quarter of 2026. Under... Continue Reading →
Chevron’s newest mini ROVs for subsea inspections are the result of a partnership with tech company BeyonC to use ROVs that combine a vehicle made by JM Robotics with FiGS sensor technology made by FORCE Technology. Chevron says the mini ROV-based inspections allow the company to get a thorough and accurate assessment of its assets... Continue Reading →
(OE) Plans for floating wind farm development off the coast of Wales and South West England are progressing as the first specialist survey vessel embarks on a 100-day mission from Swansea. With a crew of 30, the vessel will use towed and hull-mounted sensors to gather geophysical data on the properties of the seabed and... Continue Reading →
Norwegian offshore support vessel operator Havila Shipping has secured a bareboat charter extension for its Havila Harmony vessel. Brazil's offshore service firm OceanPact has declared the option for one-year extension of the bareboat agreement on the Havila Harmony, currently sailing under the name Parcel Dos Meros. The agreement will keeps the vessel on contract until... Continue Reading →
Seaway7 has completed the full engineering, procurement, construction, and installation (EPCI) cables scope on the Seagreen wind farm offshore Scotland, a joint venture project between SSE Renewables and TotalEnergies. The inter-array cable team completed the termination and testing last weekend and the trenching was completed yesterday, said Seaway7. This follows less than six weeks after the final... Continue Reading →
Brazil Energy Insight 