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Norwegian offshore services group DOF has entered into an agreement to purchase 35 per cent of the subsidiary DOF Subsea for NOK 20 million ($2.2 million). The acquisition is closely associated with the ongoing refinancing of DOF Subsea, the Oslo-listed offshore support vessel contractor said on Monday. After the acquisition, DOF ASA will own 100... Continue Reading →
Nov 18, 2019 Petrobras has completed the largest seismic survey in the world, in the area of the Búzios onerous assignment, located in the Santos Basin, about 200 km from the city of Rio de Janeiro. Begun in November 2018, the project used ocean bottom nodes installed in 6,600 locations in an area of 1,600... Continue Reading →
Ocean Infinity, in partnership with Kraken Robotics, has reached what it calls a significant milestone in battery technology for autonomous underwater vehicles (AUVs). The new technology has now been tested following 18 months of research, development and trials, which was aimed at improving the safety, efficiency, and quality of AUV operations. Continue reading
Dutch floater specialists, SBM Offshore—the company that has secured a contract with ExxonMobil Guyana, for the construction of several Floating, Production, Storage and Offloading Vessels (FPSO)—has reported double digit profit margins, earning more than $1.4B already for this year. This, in addition to a still to be accessed loan facility for another US$1.1B—the good news... Continue Reading →
Commenting on unconfirmed reports that leading offshore contractors Saipem and Subsea 7 are considering a merger, Audun Martinsen, head of oilfield service research at Rystad Energy, said: “Subsea 7 made an unsuccessful bid to merge with US rival McDermott last year. Now it could be looking at a tie-up with Italy’s Saipem, both of which... Continue Reading →
Nov 15, 2019 Saipem SpA is considering a combination with rival Subsea 7 SA in what could rank as one of the European oil services industry’s biggest-ever deals, people with knowledge of the matter said. The Italian company is pursuing a potential transaction with Norway-listed Subsea 7 as it seeks to bulk up and weather... Continue Reading →
Ulstein Group unveiled a hydrogen-powered ship design that it claims is market-ready, offering zero-emission marine operations. Recently, DNV GL identified the five most promising alternative fuels for shipping, with hydrogen as the ultimate zero-emission solution. The first complete hydrogen fueled prospect has been put together by Ulstein Design & Solutions BV and Nedstack fuel cell... Continue Reading →
Energy services company Shawcor has entered into a detailed letter of intent with Saipem for the proposed Payara development project located in the Stabroek block offshore Guyana. Shawcor said on Thursday that the letter of intent was awarded to its pipe coating division. Continue reading
Australia-based Karoon Energy has executed binding agreements with drilling contractor Stena Drilling and oil company Tullow Oil to contract the Stena Forth drillship for Karoon’s Marina-1 exploration well located offshore Peru. As previously reported, Karoon started tendering for a drilling rig to drill the Marina-1 well in March 2019. The Stena Forth has been contracted to drill... Continue Reading →
Norwegian oilfield services company Aker Solutions and a group of oil and gas operators have come together in a joint industry project with the aim of making subsea gas separation a reality. Using CO2 injection to increase recovery rates in offshore oil and gas fields can improve the economics of a field significantly, but so... Continue Reading →
Brazil Energy Insight 