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Oilfield services company Baker Hughes has launched a vessel-deployed subsea wellhead cutting system called the Terminator. In what Baker Hughes says is "a first-of-its-kind mechanical wellhead removal method", the Terminator system has already been used to cut a subsea wellhead from an abandoned exploration well owned by Wintershall DEA in Norway. Romain Chambault, Europe vice... Continue Reading →
Golar LNG said on Tuesday Hygo Energy Transition Ltd Chief Executive Officer Eduardo Antonello has taken leave of absence with immediate effect, following a corruption investigation involving him in Brazil. Golar said Antonello's leave was in no way linked to any action or misconduct during his tenure at Hygo Energy, a liquefied natural gas transport... Continue Reading →
The week starts with lots of news about the Mero field, in the Santos Basin pre-salt. Petrobras announced it has applied with Ibama for the Installation License for the FPSO Sepetiba, the second definitive production unit in Mero. Earlier, as we reported, the state company announced that it obtained the license to install the second... Continue Reading →
Singaporean conglomerate Keppel Corp said on Tuesday it had identified assets worth S$17.5 billion ($12.8 billion) that could potentially be monetized, including through sales, and started a review of its loss-making offshore and marine (O&M) business. The plans unveiled on Tuesday are part of Keppel's 10-year strategy that it had flagged earlier this year to... Continue Reading →
Equinor announced the final investment decision for the development of the Breidablikk field, a major oil discovery in the North Sea. The contract for subsea production facilities was awarded to Aker Solutions. The contract covers the delivery of four subsea templates and up to 23 subsea trees and associated components. Aker Solutions do Brasil will... Continue Reading →
The opening of the bidding proposals for Maintenance and Repair Services of Offshore Platforms with parts supply (UN-BC) is scheduled for next Friday, at 3 pm. There are four lots that have the following reference prices from the state company: Reference budget: - LOT 1 - R$ 734,833,180.14 - LOT 2 - R$ 189,492,230.76 -... Continue Reading →
The development stage of the Mero field, within the Libra area, will enter a new phase. Petrobras obtained the environmental license for the installation of the asset's second Early Production System (SPA 2), located in the Santos Basin. The document was issued this month by the Brazilian Environmental Institute (Ibama) and will be valid for... Continue Reading →
C-Innovation, an affiliate of Edison Chouest Offshore, has acquired the controlling interest in Caltex Oil Tools. Houston-based company has a core management team with more than 65 years of experience in deep water, remote technologies and intervention solutions. The Caltex team should enable C-I to further expand its engineering and subsea service capabilities in order... Continue Reading →
Offshore drilling contractor Valaris has executed a new term loan credit agreement, gaining access to additional liquidity as it is working through its Chapter 11 bankruptcy process. Valaris voluntarily filed for a Chapter 11 financial restructuring in the United States Bankruptcy Court for the Southern District of Texas in August 2020. Valaris said at the... Continue Reading →
After months of negotiation, the two companies closed a deal, and are expected to sign a contract today for the campaign to support units in Brazil. The contract will have a firm term of 300 days, with the possibility of extension. GranEnergia's UMS Venus will support three Modec FPSOs and one FSO as January, installed... Continue Reading →
Brazil Energy Insight 