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(PN) Australian Karoon Energy announced that it has concluded the drilling of the PAT-2 well in the Patola prospect, located in the Santos Basin. The well was drilled with the Noble Developer rig (formerly known as Maersk Developer) and reached a total depth of 2,313 meters. According to the company, the preliminary interpretation of the... Continue Reading →
Subsea 7 has reported a revenue of $1.4 billion for the third quarter of 2022, a decrease of $47 million or 3% compared to Q3 2021, mainly due to a drop in revenue in the Subsea and Conventional business unit. Revenue for the third quarter of the Subsea and Conventional unit was $990 million, a... Continue Reading →
UK-headquartered AIS has acquired CRP Subsea as part of its growth strategy and with the aim of expanding its range of subsea offerings. Based in Skelmersdale, England, CRP Subsea, formerly Trelleborg Offshore UK, delivers polymer and syntactic foam-based buoyancy and protection products for the offshore renewables and oil & gas industries. “Considerable growth is expected... Continue Reading →
Oil major Shell has partnered with Kongsberg Ferrotech in a project that is developing tools to repair subsea assets using 3D printing technology. "Since 2021, Kongsberg Ferrotech has worked in a joint industry project with the partners Equinor, Gassco and SINTEF to develop and test advanced 3D printing technologies for in situ, metal to metal,... Continue Reading →
(OED) Norway's Aker Solutions has been awarded a frame agreement from Brazil's Petrobras and partners to provide subsea production systems (SPS) and subsea lifecycle services (SLS) for Petrobras-operated oil and gas fields offshore Brazil. The frame agreement has a fixed period of five years, from the fourth quarter of 2022 to the fourth quarter of... Continue Reading →
(OM) Vast opportunities—and inevitably challenges too—face the offshore global EPC and rig markets, according to analysts presenting at the recent Westwood Global Energy Group Offshore Breakfast Briefing event in Houston. The following is a recap of their presented findings and forecasts for the offshore oil and gas sector. Global offshore EPC outlook Westwood reports that... Continue Reading →
(OE) Helix Energy Solutions Group, Inc. has secured a deepwater well decommissioning contract with Shell in Brazil. The scope of work includes plug and abandonment services on subsea wells located in the Bijupira and Salema fields. Helix will supply the Q7000 riser-based well intervention vessel, a 10k Intervention Riser System (IRS), and remotely operated vehicles. The Q7000, equipped with... Continue Reading →
DOF Group has reported that its fleet achieved an average utilization of 88% in the third quarter of 2022, an increase from 83% in the same period last year, backed by “continued high activity and good performance” in subsea regions. In Q3 2022, DOF’s revenue totaled NOK 2,862 million, an increase from NOK 2,052 million in Q3... Continue Reading →
Brazilian oil and gas player Enauta has interrupted production from a well located on a field offshore Brazil ahead of the original schedule and prior to embarking on its new drilling campaign next month. Enauta reported the interruption of production from the well 7-ATL-3H-RJS, which is located at the Atlanta field, on Wednesday. The Brazilian player... Continue Reading →
(OED)German oil and gas company Wintershall Dea has agreed to acquire a 37% non-operated participating interest in the Hokchi Block, offshore Mexico, from Hokchi Energy, a subsidiary of Pan American Energy. Wintershall Dea will have an option to increase its stake in the offshore block to 40% at a later stage. Through this acquisition, Wintershall... Continue Reading →
Brazil Energy Insight 