Brought to you by Quest Offshore & Southern Cone Consultants
July 24 (Reuters) - SLB topped Wall Street expectations for second-quarter profit and forecast sequential revenue growth, as strength outside the Middle East offset disruptions from the Iran war, sending its shares up more than 10%. The world's largest oilfield services provider expects global third-quarter revenue to grow 3% to 4% sequentially under its base-case scenario,... Continue Reading →
July 24 (OE) KOIL Energy has secured its first contract in Brazil for subsea umbilical maintenance services, marking the company's entry into the world's largest deepwater offshore market. The contract covers the re-termination and testing of subsea umbilical components, including chemical injection and hydraulic control lines, as well as electrical cables. KOIL said it will... Continue Reading →
July 23 (OE) DOF Group has agreed to sell four platform supply vessels (PSVs), acquire two construction support vessels (CSVs) under construction and declare a constructive total loss on the anchor handling tug supply (AHTS) vessel Skandi Amazonas, as the company continues to optimize and modernize its fleet. The company said it will sell the... Continue Reading →
July 22 (oilprice.com) Since Middle East hostilities reignited, oil prices have soared higher, although they remain below the highs witnessed during April 2026. This can be blamed on U.S. strikes against Iran, with Tehran and Washington disrupting traffic in the Strait of Hormuz, through which a fifth of global hydrocarbon supplies are shipped. This has sparked greater demand for Brazil’s... Continue Reading →
July 22 (offshoreWIND.biz) Siemens Energy has announced plans to transition to a new corporate brand, Omterra, as the company prepares to move away from the Siemens name following its 2020 spin-off from Siemens AG and the expiry of its time-limited brand licensing agreement. The rebranding process is scheduled to begin later this year and will... Continue Reading →
July 22 (PN) SLB OneSubsea submitted the lowest bids in a Petrobras tender for the supply of 32 subsea trees and other subsea equipment (manifolds, electro-hydraulic distribution units, PLEMs, ESDVs, and UTAs). The other competitors in the process were Baker Hughes and TechnipFMC. The data was recently released by Petronect (tender no. 7004565113). The equipment... Continue Reading →
July 22 (OE) Italian energy contractor Saipem's merger with Norwegian peer Subsea 7 may lead to price hikes and less innovation, EU antitrust regulators warned on Wednesday as they opened a full-scale investigation. The deal announced in February last year would create a leading global player in offshore energy services, from drilling and engineering to laying... Continue Reading →
July 22 (OE) Vallourec has secured a contract from Allseas to supply carbon steel seamless line pipes and thermal insulation coating for the Atapu 2 offshore oil project in Brazil, being developed by the Unitized ATAPU consortium operated by Petrobras. The contract covers the supply of 143 kilometers of rigid risers and flowlines, representing about... Continue Reading →
July 21 (offshore-energy.biz) Canada-headquartered oil and natural gas exploration player Sintana Energy has shed light on the latest activities in Latin America, confirming the advancement of its offshore plans in Argentina and an extension for the Chevron-operated block off the coast of Uruguay. According to Sintana, the National Administration of Fuels, Alcohol and Portland Cement... Continue Reading →
July 21 (OE) CorPower Ocean has been awarded the world’s first DNV Prototype Certificate for a wave energy converter (WEC), marking a major leap towards bankable, utility-scale wave energy. The CorPower C4 has been certified by DNV under DNV-SE-0120, Certification of Wave Energy Converters and Arrays, following independent verification. The certificate confirms the technology meets... Continue Reading →
