(offshore-energy.biz) Australia-based petroleum exploration company Pancontinental Energy has revealed the results of two studies exploring hydrocarbon properties of a petroleum exploration license (PEL) it operates in the Orange Basin, offshore Namibia. The Australian player said the new evidence provides increased confidence for the presence of a high net-to-gross reservoir system and the presence of hydrocarbons... Continue Reading →
Oil States signs contracts to supply rigid jumpers for Subsea7 projects in Mero 4 and Buzios 8
(PN) Two new contracts were signed with Subsea7 for the supply of Rigid Jumpers for the projects in the Mero 4 and Búzios 8 fields, located in the heart of the Santos Basin pre-salt layer, at a depth of 2,200 meters. The contracts provide for the delivery of 28 Rigid Jumpers, 13 for the Mero... Continue Reading →
Republican senators seek to change Senate bill clean energy tax, improve tax credits
(Reuters) - Republican Senator Joni Ernst has introduced an amendment to the U.S. Senate's tax and spending megabill that would change two of the most contentious parts of that bill and could give a small boost to wind and solar projects that had been targeted in the draft being debated on the Senate floor. The amendment introduced... Continue Reading →
Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria
(OE) Yinson Production has placed $1.168 billion project bond to refinance floating production, storage and offloading (FPSO) Maria Quitéria, which is operating under a 22.5-year lease and operate contract with Petrobras in the Jubarte field, offshore Brazil. The $1.168 billion 144A/Reg S senior secured notes were issued by Yinson Bergenia Production. The notes are fully... Continue Reading →
FPSO P-78 sails towards Brazil to produce in the Buzios field
Petrobras CEO,Magda Chambriard, announced that the FPSO P-78 has begun its journey to Brazil. The unit, which will be installed in the Buzios field, in the pre-salt layer of the Santos Basin, was in Singapore undergoing integration and commissioning stages. The Keppel/Hyundai consortium was responsible for building the vessel. “And before anyone says that there... Continue Reading →
Triton Anchor Gets Patents for Floating Renewables Anchoring Tech
(OE) Triton Anchor has secured two patents in the United States for its proprietary offshore anchor and subsea deployment tool, with a notice of allowance for the anchor patent also received in Japan. These newly patented technologies mark an advancement in enabling low-cost, low-impact deployment of floating wind, solar, and wave platforms. According to Triton... Continue Reading →
ECO Liberty Service Operations Vessel Launched to Support Equinor’s Empire Wind Project
(OE) Equinor, the developer of Empire Wind, officially launched the Service Operations Vessel ECO Liberty on June 28 for deployment in its New York offshore wind project. Louisiana First Lady Sharon Landry served as the vessel’s “Godmother” during a christening ceremony on the Mississippi River at the Port of New Orleans. Speakers at the event included... Continue Reading →
Japanese duo starts building Shell’s Brazil-bound FPSO
(offshore-energy.biz) The steel-cutting ceremony for a floating production storage and offloading (FPSO) unit destined for a field offshore Brazil operated by the Brazilian subsidiary of the U.K.-headquartered energy giant Shell has been held at the Sumitomo Heavy Industries’ Yokosuka shipyard in Japan. Based on a social media post by Cristiano Pinto da Costa, President of Shell Brasil,... Continue Reading →
Exail to equip Petrobras FPSOs with Quadrans AHRS in Brazilian offshore project
– Exail, a global leader in inertial navigation technologies, has secured a contract with Brazilian offshore services company Mitang to deliver 30 Quadrans Attitude and Heading Reference Systems (AHRS). These units will be installed on Floating Production, Storage and Offloading units (FPSOs) operated by Petrobras off the coast of Brazil. The Quadrans AHRS provides real-time... Continue Reading →
Petrobras Awards Fugro Four Multi-Year Contracts
Petrobras has announced tender results awarding Fugro four significant multi-year contracts for the inspection and monitoring of critical subsea infrastructure in Brazil. The contracts, once signed, will commence in the fourth quarter of 2025 and span four years with potential one-year extensions. Each of the four day-rate contracts is assigned to a dedicated vessel—two operated... Continue Reading →