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Oilfield services major Baker Hughes has announced the release of its 2020 Report on Corporate Responsibility which outlines its corporate strategy for a sustainable energy future. Baker Hughes said on Thursday that it supported the objectives of the Paris Climate Agreement, and it believes that the private sector has a crucial role to play in... Continue Reading →
Baker Hughes has secured two contracts by Petrobras to provide 322 kilometers of flexible pipes across five fields offshore Brazil. The first contract covers up to 96 kilometers of flexible pipe for the Sapinhoá and Tupi fields, while the second covers up to 226 kilometers of flexible pipe for the Marlim 2 and Itapu fields. Baker Hughes’ flexible... Continue Reading →
Fugro has completed the divestment of certain assets and the related business of its non-core subsidiary Seabed Geosolutions to PXGEO for $16 million in cash. PXGEO acquired Seabed’s ocean bottom node inventory, handling equipment, related technology, intellectual property, and project backlog. In addition, PXGEO informed that a significant number of personnel responsible for the delivery of... Continue Reading →
Dutch floater operator SBM Offshore has completed the project financing for a total of $1.05 billion for the FPSO Prosperity, which is destined to operate on ExxonMobil’s Payara development offshore Guyana. The project financing, secured by a consortium of 11 international banks, will be drawn in full, phased over the construction period of the FPSO.... Continue Reading →
Norwegian offshore seismic surveyor PGS has been awarded a 4D seismic acquisition contract by ExxonMobil for work offshore Guyana. PGS will deploy a Titan class seismic acquisition vessel in the fourth quarter of 2021 with the acquisition slated for completion in the first quarter of 2022. President & CEO in PGS, Rune Olav Pedersen said: "We... Continue Reading →
UK-based engineering firm John Wood Group, also known as Wood, on Monday said it had reached agreements with authorities in the UK, Brazil, and the U.S. to resolve their respective bribery and corruption investigations into the past use of third parties in the legacy Amec Foster Wheeler business. The U.S. Department of Justice last week... Continue Reading →
TechnipFMC said on Tuesday it has been awarded a subsea contract by Petrobras for the Búzios 6-9 fields, located in the deepwater Santos basin offshore Brazil. TechnipFMC, which called the award is "substantial", worth between $250 million and $500 million, will supply subsea trees with controls, electrical and hydraulic distribution units, topside systems, and installation... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 06/26/2020, informs that today it received the third, and last, installment, in the amount of R$ 271.1 million, of the leniency agreement entered into by Technip Brasil and Flexibras (companies of the Technip Group). Petrobras had already received the first two installments of... Continue Reading →
Polarcus Limited, a seismic surveyor in liquidation, is set to be wound down and delisted from the Oslo Stock Exchange. A previously reported, in January this year, lenders took control of the company's vessels after a debt payment default, and decided to sell them and let go all the employees. On February 8, 2021, David... Continue Reading →
Following reports that Singapore’s Keppel Corporation and Sembcorp Marine are in talks to merge their offshore and marine businesses, the two players have now inked non-binding agreements related to the proposed combination in response to dramatic changes in the sectors. In a statement on Thursday, Keppel said it has signed a non-binding Memorandum of Understanding (MOU)... Continue Reading →
