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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 →
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 →
Italian oilfield contractor Saipem has been awarded a subsea contract by ExxonMobil for the proposed Payara development project located in the Stabroek block offshore Guyana at a water depth of around 2000 metres. The contract scope includes subsea structures, risers and flowlines, Saipem said on Thursday. Saipem was earlier awarded subsea contracts for the first... Continue Reading →
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 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 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 →
Brazilian oil company Enauta – formerly known as QGEP – has awarded a new contract to Solstad Offshore’s AHTS vessel BOS Turmalina. Solstad Offshore said Tuesday the 2006-built anchor handler would go on a 1,5-year contract with Enauta during the fourth quarter of the year in direct continuation with the current charter. According to... Continue Reading →
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 →
Nov 8, 2019 Petrobras began a new drilling in the SEAL-M-424 block in the Sergipe-Alagoas Basin. The work on well 3-BRSA-1371-SES is conducted by Transocean's Petrobras 10,000 drillship in 2,696,000 m water depth. The block is part of the BM-SEAL-10 concession. The well is the seventh in the SEAL-M-424 since 2012 and the third drilled... Continue Reading →
Siemens AG beat expectations for fourth-quarter profit, while warning a manufacturing slowdown will lead to a decline in some factory-equipment volumes next year. Europe’s biggest engineering company put forward the cautious outlook Thursday after its health and software operations helped to boost its main profit indicator by a fifth. Adjusted earnings before interest, taxes, and... Continue Reading →
Brazil Energy Insight 