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Petróleo Brasileiro S.A. – Petrobras informs that it received, over the last quarter, the devolution of about R$ 439 million, recovered through leniency agreements with Camargo Corrêa, Novonor S.A. (formerly known as Odebrecht S.A.) and SBM, as well as Pedro Barusco's collaboration agreement. With these devolutions, the total amount of funds transferred to Petrobras' coffers... Continue Reading →
Japanese floating oil and gas production systems provider MODEC has signed a contract to perform Front End Engineering and Design (FEED) for an FPSO vessel for ExxonMobil's “Uaru” oil field development project offshore Guyana. The FEED contract award relates to the initial funding by ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), to begin... Continue Reading →
(OM) Vast opportunities—and inevitably challenges too—face the offshore global EPC and rig markets, according to analysts presenting at the recent Westwood Global Energy Group Offshore Breakfast Briefing event in Houston. The following is a recap of their presented findings and forecasts for the offshore oil and gas sector. Global offshore EPC outlook Westwood reports that... Continue Reading →
Global data analytics provider Verisk has agreed to sell its energy intelligence subsidiary Wood Mackenzie to Veritas Capital for $3.1 billion in cash consideration payable at closing plus future additional contingent consideration of up to $200 million. “This transaction best positions Verisk to expand our role as a strategic data, analytics, and technology partner to... Continue Reading →
(OE) Helix Energy Solutions Group, Inc. has secured a deepwater well decommissioning contract with Shell in Brazil. The scope of work includes plug and abandonment services on subsea wells located in the Bijupira and Salema fields. Helix will supply the Q7000 riser-based well intervention vessel, a 10k Intervention Riser System (IRS), and remotely operated vehicles. The Q7000, equipped with... Continue Reading →
Barcelona-based floating wind technology developer X1 Wind said Friday its floating platform had been successfully installed at the PLOCAN test site in the Canary Islands. "As summer trade-winds abated, a suitable weather window allowed X1 Wind and partners from the EU-backed PivotBuoy Project to complete the installation process, connecting the fully-functional floating wind prototype to... Continue Reading →
(OE) Ocergy has won a the pre-FEED foundation design contract for its OCG-Wind foundation technology to be deployed at the Salamander floating offshore wind project, run by a joint venture between Simply Blue Group, Ørsted, and Subsea7. Ocergy has developed OCG-Wind, descibed as a novel and efficient floating wind turbine foundation, to support very large... Continue Reading →
(OEM) Fugro has reported a revenue of €480.2 million for the third quarter of 2022, an increase of 17.4% compared to €378 million in Q3 2021, said to be supported by high demand for offshore wind solutions. The increase in revenue was fuelled by ongoing high client demand across markets, most notably renewables, and to... Continue Reading →
Offshore drilling company Transocean said Thursday that its Deepwater Atlas, the world's first 8th generation drillship, had started its first contract. The offshore drilling rig, delivered by Singapore's Sembcorp Marine in June, is under a contract with Beacon Offshore Energy in the U.S. Gulf of Mexico. The Deepwater Atlas is the first of two ultra-deepwater drillships... Continue Reading →
DOF Group has reported that its fleet achieved an average utilization of 88% in the third quarter of 2022, an increase from 83% in the same period last year, backed by “continued high activity and good performance” in subsea regions. In Q3 2022, DOF’s revenue totaled NOK 2,862 million, an increase from NOK 2,052 million in Q3... Continue Reading →
