Petrobras to use Paradigm’s technology for deluge system testing

(offshore-mag.com) Petrobras has signed an agreement to implement Dry-Flo technology in Brazil for the dry testing of deluge systems in its Búzios field FPSO units.  This technology, developed by the Paradigm Group, has already seen global adoption across various players in the onshore and offshore markets. The contract was facilitated with support from Mi Fire, Paradigm’s local partner in... Continue Reading →

Mexico approves Harbour acquisition of Wintershall Dea

(offshore.mag.com) Harbour Energy expects to complete its acquisition of Wintershall Dea’s global E&P portfolio in early September. The process of satisfying the conditions to completion has been advancing, including the recent receipt of Mexico regulatory consents. Earlier this month, the Danish Energy Agency also approved the indirect transfer of interests in four licenses that had been granted to... Continue Reading →

MODEC and Altera: Marrying FPSO tech with renewable and low-carbon plays to shape energy transformation beyond oil & gas

(offshore-energy.biz) Given the rising expectations about oil and gas, especially liquified natural gas (LNG), being in demand even after 2050, entwining innovation and technology arms is increasingly being recognized as the right recipe to not only unleash untapped low-carbon barrels but also unlock the gates of green power. Japan’s MODEC and the UK-based Altera Infrastructure... Continue Reading →

Helix bags $786 million for multi-year well intervention ops with two vessels offshore Brazil

(offshore-energy.biz) U.S.-headquartered offshore energy services provider Helix Energy Solutions has picked up multimillion-dollar long-term assignments off the coast of Brazil for two vessels, which will carry out well intervention work for the country’s energy giant, Petrobras. Following a competitive tender process, Helix entered into three-year vessel charter and service contracts with Petrobras for the Siem Helix 1 and Siem Helix 2 riser-based... Continue Reading →

Havila Shipping Reports Quarterly Profit

(OE) Offshore supply services company Havila Shipping has recorded a profit before tax of NOK 4.0 million ($382,000) in Q2 2024, compared with NOK -5.4 million in Q2 2023. Deals made in the quarter include the agreement with Reach Subsea to extend the contract for the IMR vessel Havila Subsea. The existing contract was due... Continue Reading →

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