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Seabras JV, an associated company in which Paratus Energy Services indirectly holds a 50% equity interest, has secured a contract extension with Petrobras for the pipelay support vessel (PLSV) Sapura Esmeralda. Under the two-year contract extension, Sapura Esmeralda will work for the Brazilian oil and gas giant from 2 August 2022 to 1 August 2024.... Continue Reading →
(TW) Keppel Corp might be looking to exit the offshore market, but it is not stopping the company from trying to hook offshore contracts from Petrobras worth up to SGD 8bn ($5.8bn). The Singapore-listed company said Wednesday that it was is in advanced discussions with the Brazil oil major for the P-80 floating production storage... Continue Reading →
Subsea 7 has reported a revenue of $2.4 billion for the first half of 2022, an increase of $247 million or 11% compared to the first six months of 2021, driven by the Subsea and Conventional business unit and partly offset by lower revenue in the Renewables unit. Revenue of the Subsea and Conventional unit... Continue Reading →
Tanker shipping company AET on Thursday named its newest vessel, Eagle Crato, the final of three Suezmax Dynamic Positioning (DP2) shuttle tankers purpose-built for long-term charter to Petróleo Brasileiro S.A. – Petrobras, based on the agreement signed in February 2020. The Eagle Crato was unveiled at a naming ceremony held at the Samsung Heavy Industries... Continue Reading →
Singaporean conglomerate Keppel Corp on Thursday reported a first-half profit that rose 66%, helped by higher earnings across most of its main businesses and a rebound at its offshore & marine (O&M) unit. Keppel, which traces its roots to a small ship repair yard corporatized in 1968, has seen its renewable energy and asset management... Continue Reading →
(OEM) Italian oil and gas company Eni has drilled and tested an exploration well in waters offshore Ivory Coast (Côte d’Ivoire), delivering a 25 per cent increase to the field’s reserves. Eni revealed on Thursday it has successfully drilled the Baleine East 1X well, the first exploration well in block CI-802 and the second discovery on... Continue Reading →
(OE) In our first article we highlighted some of the key contractual considerations facing shipowners looking to construct and charter offshore wind vessels. In this article we explore some of the considerations concerning the financing and bankability of offshore wind vessels. We have seen a diverse group of financiers interested in financing vessels in the offshore wind... Continue Reading →
BP has reserved Yinson's Nganhurra floating, production storage and offloading (FPSO) vessel for use on its proposed 10-well subsea Palas, Astrea and Juno oil fields (PAJ Project), on Block 31, offshore Angola. Under an agreement signed between BP and Yinson, Yinson will exclusively allocate FPSO Nganhurra to BP for the PAJ Project until 31 December... Continue Reading →
Oceaneering International on Wednesday announced its Subsea Robotics segment has been awarded a service contract supporting Petrobras projects off the coast of Brazil. The contract is for four years plus options to extend. The Houston-based engineering and services firm said it will provide survey and remotely operated vehicle (ROV) services for AKOFS Offshore’s subsea equipment... Continue Reading →
(OEM) A consortium of Subsea 7 and Van Oord has won a contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) related to the pipeline for the gas-to-energy project offshore Guyana. The scope under the “substantial” contract, as the companies define it, covers the project management, engineering, and installation of approximately 190 kilometers of pipeline in... Continue Reading →
