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Norwegian oil service providers Aker Solutions and Kvaerner, both controlled by Norwegian billionaire Kjell Inge Roekke, will merge to strengthen their base in the global energy industry, both companies said on Friday. Aker Solutions, which provides engineering services, and Kvaerner, which builds oil platforms, were hit when energy firms slashed spending as crude demand plunged... Continue Reading →
July 16, 2020 Petrobras will demobilize the FPSO Piranema Spirit, installed in the Piranema field, in Sergipe, in April 2021. The Brazilian oil company notified Altera Infrastructure (formerly Teekay Offshore) about the demobilization date about a month ago, in compliance with a contractual procedure that requires notice ten month prior notice. The demobilization of the... Continue Reading →
Energy industry analysts seem to agree that the future is bright, or at least brighter, when it comes to the contracting activity for the floating production systems, from 2021 onwards after COVID-19 and low oil prices hit the market in 2020. Norway's Rystad earlier this week said that, apart from the Sangomar FPSO ordered by... Continue Reading →
Marine robotics company Ocean Infinity has completed its survey project for ExxonMobil, within the enormous Stabroek block offshore Guyana where the oil giant has over the recent few years discovered more than 8 billion barrels of oil. The project, announced in February, involved acquiring high-resolution geophysical and geotechnical data through the simultaneous deployment of multiple Autonomous... Continue Reading →
July 14, 2020 Petrobras accepted only one proposal to adapt the gas submarine network of the project in the Campos Basin Mota Engil Engenharia was the only company to have a proposal accepted by Petrobras in the bid for the acquisition of goods and services to adapt the underwater gas network of Parque das Baleias.... Continue Reading →
Jul 15, 2020 The wet Christmas and tree suppliers are looking forward to it. Petrobras' supply teams are finalizing all the details to place on the market the bid for the purchase of 38 trees for the phases that will come in Campo de Buzios, in the Santos Basin. The winning company or the winning... Continue Reading →
Wood, the global engineering and consulting company, has successfully delivered preliminary engineering design services for gas network operator SGN’s candidate site at Machrihanish, on the west coast of Scotland, as part of its Hydrogen 100 (H100) project. The H100 demonstration project will initially aim to supply energy to homes in Fife, Scotland. When powered by... Continue Reading →
Singapore's Keppel O&M has received orders from Japan's FPSO leasing company MODEC to deliver components for two FPSO units. The orders are worth S$73 million (USD52,5 million) in total. In Singapore, Keppel Shipyard will fabricate, complete, and integrate the topside modules and mooring support structure for a Floating Production Storage and Offloading vessel (FPSO). Continue... Continue Reading →
Norwegian oil services firm Aker Solutions said on Wednesday the outlook has improved for the second half of the year with oil prices partly recovered from the lows in April and Norway offering tax incentives for the oil industry. Its full-year 2020 revenue, however, is still expected to fall by about a quarter year-on-year to... Continue Reading →
Jul 13, 2020 Petrobras confirmed that it extended the deadline for the submission of proposals to the Bidding Commission for contracting the FPSO for Itapu. Another 42 days were given, with the date now set for August 31. During this period, adjustments will be made to the project and even a possible definition of whether... Continue Reading →
Brazil Energy Insight 