ROV in Residence

Remote operated vehicles (ROV) have become standard workhorses for the offshore industry, providing vital support to underwater operations, from drilling to servicing the latest subsea processing technologies. But, they’re now undergoing a transformation. Continue reading

SPIC BRASIL, PRUMO GROUP AND SIEMENS AG SIGN A COOPERATION AGREEMENT FOR THE DEVELOPMENT OF ENERGY PROJECTS IN BRAZIL

Nov 14, 2019 SPIC Brasil, Grupo Prumo (a company controlled by EIG Global Energy Partners) and Siemens AG sign an MoU (Memorandum of Understanding) for the development of energy projects in Brazil. The signing took place during the BRICs meeting, attended by key executives of the companies involved: SPIC - Qian Zhimin, Chairman, Adriana Waltrick,... Continue Reading →

SBM Offshore Third Quarter Trading Update

November 14, 2019 Highlights Increase in full year Directional[1] EBITDA guidance to around US$800 million Increase in full year Directional Revenue guidance to around US$2.1 billion Year-to-date Directional revenue at US$1,470 million Projects progressing in line with clients’ schedules Third Fast4Ward® hull allocated to ExxonMobil Payara development Directional Net Debt of US$3.1 billion at end of... Continue Reading →

Flexential Expands Latin America Offering with Seaborn Networks

Flexential is expanding its FlexAnywhere offering with providing customers direct access to Seaborn Networks’ transoceanic platform for the low latency, high-speed, 72-terabits-per-second connection to Latin America. The Latin American subsea cable, called Seabras-1, links New York/New Jersey, U.S. to Sao Paulo, Brazil. Continue reading

Pirates Attack OSV in the Gulf of Mexico

Pirates attacked an Italy-flagged offshore supply vessel in the southern Gulf of Mexico, injuring two crew members, the Mexican Navy said on Tuesday, in the latest outbreak of robbery and piracy to hit oil platforms and infrastructure in the area. One of the crew members of the boat, Remas, received a bullet wound, and the... Continue Reading →

TechnipFMC to sell subsea vessel

TechnipFMC has announced its intent to sell the G1201 vessel as part of its overall strategy to optimize the profile and size of its subsea fleet. The oilfield services company said on Tuesday it had entered into a Memorandum of Agreement to sell the G1201 vessel. The Global 1201 is a multipurpose DP2 heavy lift... Continue Reading →

MODEC, Mitsui, MOL and Marubeni to Proceed with the Deepwater FPSO Charter Project for Búzios Field of Brazilian Offshore Pre-Salt Oil Field

 November 12, 2019 MODEC, Inc. ("MODEC," head office: Chuo-ku, Tokyo; President & CEO: Yuji Kozai), Mitsui & Co., Ltd. ("Mitsui," head office: Chiyoda-ku, Tokyo; President & CEO: Tatsuo Yasunaga), Mitsui O.S.K. Lines, Ltd. ("MOL," head office: Minato-ku, Tokyo; President & CEO: Junichiro Ikeda) and Marubeni Corporation ("Marubeni," head office: Chuo-ku, Tokyo; President & CEO: Masumi... Continue Reading →

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