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(Reuters) - Top oilfield services company SLB (SLB.N), opens new tab said on Tuesday it will buy smaller rival ChampionX (CHX.O), opens new tab in an all-stock deal valued at $7.75 billion, amid growing consolidation in the North American energy sector. Oilfield service providers have followed energy producers in pursuing deals as they navigate operational and pricing challenges while... Continue Reading →
(OE) Between January 2023 and February 2024, TDI-Brooks conducted an extensive site investigation program in two offshore wind blocks in state and federal waters. The projects involved surveying in excess of 20,000 line-kms of analogue and either single or multi-channel seismic in lease blocks and cable routes along the coasts of New York and New... Continue Reading →
(oilnow) MODEC and SBM Offshore are competing for an engineering, procurement and construction (EPC) award from TotalEnergies for Suriname’s first floating production, storage and offloading (FPSO) vessel, Upstream said in a March 25 report. The publication said the companies have stepped up efforts to secure yard space, after both conducting front-end engineering and design studies... Continue Reading →
(OE) MODEC has secured the Front-End Engineering and Design (FEED) contract for a floating production storage and offloading (FPSO) system for Shell’s Gato do Mato development, offshore Brazil. Gato do Mato FPSO will be moored at a water depth of approximately 2,000 meters, some 250 kilometers off the coast of Brazil. MODEC will be responsible... Continue Reading →
Petrobras has authorized hiring processes for support vessels for exploration and production logistics, with the aim of meeting short-term demand for the years 2025 and 2026. It also approved contracting new support vessels for long-term demands, whose technical specifications will focus on new technological solutions for efficiency and reducing greenhouse gas (GHG) emissions. These opportunities... Continue Reading →
( Offshore-energy.biz) UK-based offshore drilling contractor Stena Drilling is set to deliver an equipment upgrade for its newest drillship that is expected to make it capable of drilling in previously inaccessible reservoirs. The seventh-generation drillship Stena Evolution is about to undergo an equipment upgrade which will make it capable of drilling and completing wells requiring... Continue Reading →
(OE) SLB has agreed to combine its carbon capture business with Aker Carbon Capture (ACC). The combination will leverage ACC’s commercial carbon capture product offering and SLB’s new technology developments and industrialization capability. SLB says it will create a vehicle for accelerating the introduction of disruptive early-stage technology into the global market on a commercial,... Continue Reading →
(OM) Acteon Group, an offshore energy infrastructure services business, has been acquired by private equity investors Buckthorn Partners and One Equity Partners (OEP). With this business investment, Buckthorn and OEP said they aim to "improve Acteon’s standing with suppliers and customers and enable it to compete even more strongly in its core markets." The investors’ said... Continue Reading →
Constellation, leader in the offshore drilling market in Brazil, recorded net revenue of US＄552 million in 2023, a growth of 36% compared to the previous year. The result before interest, taxes, depreciation and amortization (Ebitda) was US＄ 185 million, 176% higher than in 2022. The company released its 2023 financial results to the market this... Continue Reading →
For the second year running, the company neutralizes "scope 2" emissions associated with energy consumption purchased from suppliers in Brazil. Petrobras has acquired international certificates attesting that 100% of the electricity used in its industrial and administrative operations in Brazil last year was generated from renewable sources. The I-REC (Renewable Energy Certificate) document guarantees that... Continue Reading →
Brazil Energy Insight 