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TechnipFMC first shipment of rigid pipelines from its spoolbase in Brazil TechnipFMC will carry out the first shipment of rigid pipelines from its spoolbase in Porto do Açu, in São João da Barra (RJ), installed in the Dome area (Prumo's joint venture with GranIHC). The operation will start on Friday), marking the supply of the... Continue Reading →
Oilfield services giant TechnipFMC expects more than 350 subsea tree orders to be made globally in 2022, a level which it says has not been seen in years. The oilfield equipment and services firm saw its full-year 2021 inbound orders in the subsea segment hit the $5 billion figure, a 24 percent increase compared to... Continue Reading →
Italian oil company Eni has started oil production via the Miamte FPSO at the Miztón field, offshore Mexico The field sits in Area 1 in the Gulf of Mexico, about 10 kilometers offshore the Tabasco coast. Upon its arrival in Mexico in January 2022, Miamte FPSO has been connected to its Mooring System and... Continue Reading →
TechnipFMC has gathered over $6.7 billion in inbound orders in the financial year 2021, a 33.4% increase from the $5 billion in 2020, according to the company’s latest results. The company’s chair and CEO Doug Pferdehirt said that 2021 was a breakout year for TechnipFMc as the full-year adjusted EBITDA was $580 million with a... Continue Reading →
(Reuters) Italian energy services group Saipem pledged on Thursday to cut costs and focus more on its traditional offshore business after it reported a swing to a core operating loss for the last year. Saipem said its adjusted core earnings, or EBITDA, were negative to the tune of 1.192 billion euros ($1.34 billion). That compares... Continue Reading →
French oil major TotalEnergies said Thursday it had made a significant discovery of light oil with associated gas on the Venus prospect, located in block 2913B in the Orange Basin, offshore southern Namibia. TotalEnergies said that its Venus 1-X well encountered approximately 84 meters of net oil pay in a good quality Lower Cretaceous reservoir.... Continue Reading →
Transocean to sign a new charter contract with Petrobras. The company took the lead in the oil company's new request for quotation aimed at the international bid to carry out a drilling campaign in the Tayrona area, located offshore Colombia. According to PetróleoHoje, the two companies have already settled most of the commercial terms. The... Continue Reading →
Offshore drilling contractor Transocean expects rig dayrates to keep growing, boosted by high oil prices and growing demand, the company's CEO said Tuesday, as the company posted its fourth-quarter results. Transocean CEO Jeremy Thigpen said: "As we move into 2022, we are more optimistic than we have been in the past seven years. Energy demand... Continue Reading →
Offshore drillship contractor Seadrill on Wednesday announced its emergence from Chapter 11 bankruptcy after successfully completing its reorganization. The Plan was confirmed by the U.S. Bankruptcy Court for the Southern District of Texas on October 26, 2021. "The restructuring significantly delevered the company’s balance sheet by equitizing approximately $4.9 billion of secured bank debt previously... Continue Reading →
The FPSO Cidade de Itajaí (CDI), which completes nine years of operation in February, reached the milestone of 1 million m³ of oil produced in Campo de Baúna, in the Santos Basin, since the signing of service and charter contracts with Karoon, in November 2020. The unit operated by the joint venture Altera&Ocyan (a partnership... Continue Reading →
