(OE) Italian cable maker and installation services provider Prysmian has named Massimo Battaini as its new chief executive officer and general manager. The new CEO appointment also marks the entering into force of the new organizational structure, aimed at supporting the company’s strategic plan and value creation, Prysmian said. The new organization, as already announced... Continue Reading →
Oilfield Firm SLB’s Profit Rises on International Drilling Demand
(Reuters) Top oilfield services firm SLB reported a 14% rise in first-quarter profit on Friday, as strong international oil and gas drilling demand helped offset a slowdown in North America activity. Companies such as SLB have gained from a rise in demand in international and offshore exploration and production, especially in the Middle East and... Continue Reading →
Petrobras plans to contract more support vessels without imposing minimum local content
Petrobras plans to launch, later this year, tenders for support vessels. The company plans to contract 38 vessels by 2025, including the 12 PSV type ships (Platform Support and Supply Boat) that appear in the tender launched by the company at the end of March. The expected investment should reach US$ 2.5 billion. In addition... Continue Reading →
Norway Clears TGS and PGS Merger
(OE) Norwegian seismic firms TGS and PGS have received merger approval from the Norwegian Competition Authority (NCA), brining them one step closer to establish a premier energy data company. The merger between the companies, first announced in September 2023, has been subject to review by the competition authorities in the UK as well as in... Continue Reading →
SBM Offshore signs a US$250 million short-term corporate facility
SBM Offshore is pleased to announce that it has secured a US$250 million term loan facility. The facility will be fully drawn in the coming days to finance Floating Production, Storage and Offloading vessel (FPSO) construction activities. The tenor of the bridge loan is twelve months with an extension option for another six months. Repayment... Continue Reading →
Californian Floating Wind Tech Company Unveils Aikido One Project, Awards Platform Fabrication Contract
(offshoreWIND.biz) Californian floating wind technology developer, Aikido Technologies, will test a scaled prototype of its technology, said to be the world’s first upending semi-submersible platform, through a project named Aikido One. Aikido Technologies has awarded a contract for the fabrication of a 1:4 scale, 100 kW floating wind platform to Chet Morrison Contractors (Morrison), a... Continue Reading →
2.6 GW US Offshore Wind Farm Receives Final Federal Permit, Monopile Installation to Start in May
(offshoreWIND.biz) Dominion Energy’s 2.6 GW Coastal Virginia Offshore Wind (CVOW) project has received an air quality permit from the US Environmental Protection Agency (EPA) – the final federal permit required to begin offshore construction. The installation of monopiles at the project site off the coast of Virginia Beach is scheduled to begin in May. Belgian... Continue Reading →
TechnipFMC Picks Up ‘Large’ Subsea Contract for ExxonMobil’s Whiptail Off Guyana
(OE) Oilfield services company TechnipFMC has secured a ‘large contract’ from ExxonMobil to supply subsea production systems for the Whiptail development in Guyana’s Stabroek block. TechnipFMC will provide project management, engineering, and manufacturing to deliver 48 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment. For TechnipFMC, a... Continue Reading →
Strohm wins third and largest ever TCP ‘Jumpers On Demand’ contract from ExxonMobil Guyana
ExxonMobil Guyana has awarded Strohm a TCP “Jumper On Demand” contract for the supply of TCP for the Whiptail project. This brings the project count for the Netherlands-based manufacturer to three for ExxonMobil Guyana, following previous awards for the Yellowtail and Uaru projects. This latest award marks the largest commercial award for pipe supply in... Continue Reading →
Petrobras Hires SLB for Buzios Field Work Offshore Brazil
(OE) Oilfield services and technology company SLB has been awarded three contracts by Petrobras for completion hardware and services for up to 35 subsea wells in the development of Buzios Wave II offshore oil field. The scope of the contract includes SLB’s full bore electric interval control valves and electric subsurface safety valves. The award... Continue Reading →