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Norwegian offshore engineering and construction firm Aker Solutions said Friday it had won a sizeable contract from ExxonMobil to provide dynamic and static subsea umbilical for the Uaru project in Guyana. Aker Solutions defines a sizeable contract as between NOK 0.5 billion (currently around $45,9 million) and NOK 1.5 billion (currently around $137,7 million). The... Continue Reading →
(OET) Australia’s oil and gas company Karoon Energy has restarted production from assets connected to a floating, production, storage, and offloading (FPSO) vessel offshore Brazil, following maintenance work. Karoon shut-in Baúna production, including from the Patola field, on 28 March due to a loss of containment incident associated with the high-pressure flare on the FPSO Cidade de Itajaí. After the FPSO operator,... Continue Reading →
(OE) Wind industry service company FairWind has been awarded the turnkey pre-assembly contract for the offshore wind farms Vesterhav Nord and Syd at the Port of Esbjerg, Denmark. FairWind will be responsible for the pre-assembly erection of 41 Siemens Gamesa’s SG 8.0-167 DD turbines. Each direct drive (DD) turbine will have a power generating capacity... Continue Reading →
(Reuters) Shell Plc will use AI-based technology from big-data analytics firm SparkCognition in its deep sea exploration and production to boost offshore oil output, the companies said on Wednesday. SparkCognition's AI algorithms will process and analyze large amounts of seismic data in the hunt for new oil reservoirs by Shell, the largest oil producer in the... Continue Reading →
(OE) Modern American Recycling Services Europe, A/S (M.A.R.S.) has been awarded a contract by SBM Offshore for dismantling and green recycling of SBM Offshore’s FPSO Capixaba. The FPSO Capixaba is 362 m long, with a Light Displacement Tonnage of 54.656 Mt. The contract includes engineering, preparation, dismantling, and green recycling of the unit. The FPSO is moored... Continue Reading →
(OW) Sweden-headquartered SeaTwirl has signed a Memorandum of Understanding (MoU) with Kontiki Winds to identify and discuss the opportunities to electrify oil and gas assets and other offshore applications, with the use of SeaTwirl’s floating wind turbines. Under the MoU, the two companies will explore new opportunities in the market to implement offshore wind into... Continue Reading →
(Reuters) U.S. private equity firm Apollo Global Management on Monday said it would not proceed with a takeover offer for British oilfield services and engineering firm John Wood Group after tabling an exploratory bid last month. Apollo had until later this week to either submit a formal offer or walk away from talks following its... Continue Reading →
Siemens Energy, which supplies equipment and services to the power sector, posted forecast-beating second-quarter sales and lifted its revenue outlook, as strong demand pushed the firm's order book past the 100 billion euro ($110 billion) mark. Sales in the January-March quarter were up 24% at 8 billion euros, beating the 7.4 billion Refinitiv estimate and... Continue Reading →
Noble Corporation has won contracts with UK-headquartered energy giant Shell and Brazilian state-owned oil and gas giant Petrobras, respectively, for two of its 7th-generation drillships. Shell has contracted Noble Voyager to drill a deepwater exploration well offshore Mauritania. The drillship is currently operating for the energy giant offshore Mexico. The new contract has an estimated... Continue Reading →
(OM) SBM Offshore has ordered the eighth Fast4Ward MPF FPSO hull under its Fast4Ward program. CMHI (China Merchants Heavy Industry Co.) will construct the hull. To date, SBM has delivered six hulls to confirmed field developments and has granted exclusivity for the seventh to ExxonMobil Guyana. In its latest results review, the company provided an... Continue Reading →
Brazil Energy Insight 