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(OET) Japan’s MODEC and Terra Drone Corporation, a compatriot drone and urban air mobility (UAM) technology company, have tucked what is said to be the world’s first approval from the American Bureau of Shipping (ABS), a classification society, for a drone-based FPSO hull thickness measurement under their belts. This comes after MODEC joined forces with Terra Drone Corporation... Continue Reading →
(TN) This December, Petrobras begins a gradual journey of transitioning the contracting platform with its suppliers. The migration from the Petronect Portal to the SAP Ariba solution, which has already taken place for invoice transactions, invoices and purchase orders for goods, will begin to encompass some of the company's contracting processes. The objective of the... Continue Reading →
(PN) Petronas began drilling its first exploratory well in the country this week. The activity took place in a water depth of 3,027 meters, in block C-M-661, in the Campos Basin. The well is being drilled by the Valaris Renaissance rig (DS-15) and has been named Mola-1. As a reminder, block C-M-661 was purchased by... Continue Reading →
(OE) MODEC and Toray Industries have jointly developed a carbon fiber-reinforced plastic (CFRP) patch technique for repairs on Floating Production, Storage and Offloading (FPSO), and Floating Storage and Offloading (FSO) systems. FPSO and FSO repair services provided by MODEC, a general contractor specializing in engineering, construction, operation, and maintenance services of offshore oil and gas... Continue Reading →
SBM Offshore is pleased to announce that it has secured a US$210 million Revolving Credit Facility (RCF) for the financing of the construction of Fast4Ward® Multi-Purpose Floater (MPF) hulls. The tenor of the RCF is eighteen months with an extension option for another six months. Repayment is expected to take place upon sale of the... Continue Reading →
(Reuters) - Mexican state energy company Pemex's mounting debt with oil service providers as well as private crude and gas producers threatens production, investment and in some cases even the survival of suppliers, industry groups warned. In addition to financial debt of more than $105 billion, the company disclosed that at the end of September... Continue Reading →
(OM) Blue Water Shipping affiliate Falcon Logistics has signed three 3-year contracts with ExxonMobil Guyana. The company will provide vessel agency and wharfage operations, customs clearance, and inland transportation in Georgetown and Trinidad. Falcon will also draw on Blue Water’s capabilities in handling oil and gas cargo and vessels, and its network of offices globally... Continue Reading →
(OW) OEG Energy Group (OEG) has signed a Sale and Purchase Agreement (SPA) to acquire Dutch subsea and topside services specialist Bluestream Offshore. The acquisition is expected to increase OEG’s subsea and topside capabilities while expanding its operating footprint to be able to pursue further opportunities in the growing offshore renewable industry. Bluestream has a... Continue Reading →
Aker Capital AS has acquired 8,240,000 shares in Solstad Offshore ASA, at an average price of NOK 48.45 per share. Following the transaction, Aker Capital holds 27,089,493 shares in the company, corresponding to an ownership interest of approximately 32.9%.Aker Capital AS is 100% owned by Aker ASA and represented on the board of the company by Frank Ove Reite.... Continue Reading →
(OW) The three consortia that Japan’s Ministry of Economy, Trade, and Industry (METI) selected in the country’s second round of offshore wind auctions will use some of the biggest and most powerful wind turbines on/coming to the market – Vestas V236-15 MW and GE’s 18 MW Haliade-X. RWE, which secured a site together with partners... Continue Reading →
Brazil Energy Insight 