Oil firms ask Brazil antitrust watchdog to intervene in Subsea7–Saipem merger

Sept 23 (Reuters) - Exxon Mobil, Brazilian state-run Petrobras and oil services provider TechnipFMC petitioned the country's antitrust regulator Cade to intervene in a merger between energy contractors Subsea7 and Saipem, public documents seen by Reuters show. In filings submitted on Thursday, the firms said the merger between Norway's Subsea7 and Italy's Saipem would bring a level of concentration... Continue Reading →

September 23, 2025 0

Brazil’s WEG to invest $77 million to boost US plant capacity due to AI demand

Sept 23 (Reuters) - Brazilian motor maker WEG (WEGE3.SA), opens new tab will invest $77 million in a U.S. specialty transformer manufacturing facility, it said on Tuesday, seeking to increase the plant's production capacity by 50% as artificial intelligence fuels demand in the country. The investment in the Washington, Missouri, plant targets the production of transformers seen as essential... Continue Reading →

September 23, 2025 0

Equinor Completes Shallow-Water Section of the Raia Project Gas Pipeline

Sept. 23 (PN) Equinor has completed the 15-km shallow-water section of the Raia Gas Pipeline. The 200-kilometer line will connect the Raia FPSO to the gas transmission network near Cabiúnas, in Macaé, Rio de Janeiro. Operations are scheduled to begin in 2028. Installation of the shallow-water section took approximately two months. In the next stage,... Continue Reading →

September 23, 2025 0

Exxon greenlights $6.8 billion investment for Hammerhead project in Guyana

Sept 22 (Reuters) - Exxon Mobil said on Monday it greenlit funding its seventh development project in Guyana called Hammerhead, bringing its oil joint venture another step closer to its goal of producing 1.7 million barrels of oil equivalent per day by 2030 from the country. The prolific Stabroek Block off the coast of Guyana is... Continue Reading →

September 22, 2025 0

FET Unveils New ROV Control System

Sept. 22 (OE) Forum Energy Technologies (FET) has launched its next generation remotely operated vehicle (ROV) control system – ICE Unity. In what is a significant leap forward for ROV control technology, the introduction of ICE Unity meets the increasing sector demand for data and control access from outside the core control system. Key features... Continue Reading →

September 22, 2025 0

NOV lands work on Argentina’s first FLNG project

Sept. 22 (offshore-energy.biz) Oilfield services company NOV has won a contract to provide a mooring solution for an offshore floating liquefied natural gas (FLNG) project in the Gulf of San Matías, offshore Argentina. The project will see the redeployment of FLNG Hilli Episeyo, a unit which previously operated offshore Cameroon. Also known as FLNG Hilli, the... Continue Reading →

September 22, 2025 0

Fugro Scraps 2025 Outlook, Announces Job Cuts

Sept. 22 (Reuters) Dutch geological data specialist Fugro scrapped its annual outlook on Monday and announced further job cuts, citing an impact from project delays, sending its shares lower. Shares in Fugro were down around 11% to their lowest since March 2022 at 0705 GMT. The company said that projects in the offshore wind and... Continue Reading →

September 22, 2025 0

Omni Unmanned and SwissDrones Complete UAV Test on Offshore Platform in Brazil

Sept. 18 (TN) SwissDrones, a provider of advanced aerial intelligence solutions specializing in long-range unmanned helicopter systems, and Omni Unmanned, a leading air transport company serving the oil sector and part of the Omni Helicopters International (OHI) group, recently completed an offshore Proof of Concept test for an energy company in Brazil. The test included... Continue Reading →

September 18, 2025 0

OceanPact Signs Contracts with Petrobras for Marine Environmental Monitoring Valued at Over R$700 Million

Sept. 18 (TN) OceanPact has signed two contracts with Petrobras, valued at over R$700 million, to perform marine environmental monitoring services in the oil company's areas of interest. The contracts, signed after a competitive process governed by Law 13.303/16, provide for the collection of environmental samples of water, biota, and sediments, as well as the... Continue Reading →

September 18, 2025 0

TGS Kicks Off Second Phase of Equatorial Margin Survey off Brazil

Sept. 18 (OE) Energy data and intelligence firm TGS has started PAMA Phase II 3D multi-client survey in the Equatorial Margin area offshore Brazil. The first phase covered 19,343 square kilometers and more than 25 future exploration blocks within the Pará-Maranhao Basin, one of the world’s largest, most unexplored, and highly prospective basins. PAMA Phase... Continue Reading →

September 18, 2025 0