TechnipFMC has been awarded a major integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract worth over $1 billion by Shell for its Gato do Mato greenfield development offshore Brazil. In addition to integrated execution, the project will utilize Subsea 2.0® configure-to-order (CTO) subsea production systems. Combining both offerings will enable streamlined project management through a single interface and accelerate time to first... Continue Reading →
Petrobras to finish analysis of the India’s Shapoorji appeal in FPSO bid this week
(Reuters) - Brazil's Petrobras should analyze an appeal filed by India's Shapoorji Pallonji Energy in the tender to charter an offshore oil production vessel this week, the state-run oil firm's head of engineering, technology and innovation, Renata Baruzzi, said on Tuesday. WHY IT'S IMPORTANT The Indian company was the only one to bid on chartering a... Continue Reading →
Norwegian floating offshore wind companies optimistic about the industry’s future
(offshoreWIND.biz) It’s no secret that in 2025, a few stubborn obstacles have slowed the anticipated pace of floating offshore wind development. Some are economic, while others are bureaucratic. But the hurdles only serve to motivate Norwegian wind energy companies, which are tackling industry challenges one innovation at a time with full confidence in floating wind’s... Continue Reading →
MODEC Gets Shell’s Gato do Mato FPSO Ops and Maintenance Job
(OE) MODEC has signed an agreement with Shell for the operations and maintenance of the floating production, storage and offloading (FPSO) vessel, to be deployed at Gato do Mato deepwater field off Brazil, for a period of 20 years. The agreement follows the execution of the Front-End Engineering Design (FEED) contract, which was awarded to... Continue Reading →
Shell Makes FID for Deepwater Gato do Mato Project off Brazil
(OE) Shell Brasil Petróleo, a subsidiary of Shell, has taken the Final Investment Decision (FID) for Gato do Mato, a deepwater oil and gas project in the pre-salt area of the Santos Basin, offshore Brazil. The Gato do Mato Consortium includes Shell (operator with a 50% stake), Ecopetrol (30%), TotalEnergies (20%) and Pré-Sal Petróleo... Continue Reading →
Baker Hughes to Deliver Completions Systems for Petrobras’ Offshore Field
(OE) Energy technology company Baker Hughes has signed a multi-year agreement with Petrobras to deliver fully integrated completions systems for its offshore deepwater fields. The award followed an open tender and will leverage Baker Hughes’ innovative completions technology portfolio and extensive experience in Brazil to optimize production across multiple deepwater fields. A range of technologies... Continue Reading →
TEN orders 9 eco-friendly shuttle tankers in South Korea for Petrobras charter
South Korea’s major Samsung Heavy Industries (SHI) has clinched a ‘major’ contract worth KRW 1.9 trillion (approximately $1.34 billion) for the construction of nine environmentally friendly DP2 Suezmax shuttle tankers. As disclosed in a stock exchange filing by SHI, the newbuilds are due for delivery by the end of 2028. In a separate statement, Greek... Continue Reading →
V.Ships to Ensure Smooth Sail of Petrojarl I FPSO to Amplus Energy
(OE) Amplus Energy Services has entered into a strategic partnership with V.Ships Offshore to oversee the transition of the Petrojarl I, a newly acquired floating production storage and offloading (FPSO) vessel. In February, Amplus finalised the acquisition of the Petrojarl I from UK-based Altera Infrastructure - a key milestone that marks the company’s first FPSO... Continue Reading →
Petrobras Extends Skandi Buzios Pipelay Vessel’s Stay Off Brazil
Petrobras has extended the long-term contract for Skandi Buzios pipelay support vessel (PLSV), owned and operated by joint venture between DOF and TechnipFMC. The existing contract has been extended from April 2025 to September 2026. The PLSV Skandi Buzios went back on-hire to Petrobras on August 1, 2024. The 146-meter-long Skandi Buzios, built in 2016,... Continue Reading →
Apollo to Buy Majority Stake in OEG in Over $1B Deal
(OE) Asset manager Apollo has agreed to acquire a majority stake in offshore energy solutions business OEG Energy Group as part of the transaction worth over $1 billion. Apollo, through its funds managed by its affiliates, will take the majority share from from funds managed by the Power Opportunities strategy of Oaktree Capital Management and... Continue Reading →