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(OE) Petrobras has awarded contracts to Techdof, a joint venture between DOF Subsea and TechnipFMC, for two of its pipelay support vessel (PLSVs). Petrobras extended the existing contract for PLSV Skandi Açu to mid-2026. This extension will be followed by the new three-year contract ending mid-2029, DOF informed. Skandi Açu is designed to achieve a... Continue Reading →
(offshore-mag.com) Global expenditure on subsea facilities is set for a 10% compound annual growth rate (CAGR) from 2024 to 2027, according to research by Rystad Energy. The consultants project a total capex spend for the period of more than $42 billion. Some of the biggest investments are taking place in South America and Europe. In... Continue Reading →
(Reuters) - An oil production breakthrough that producers say can safely tap ultra-high pressure fields could put up to 5 billion barrels of previously inaccessible crude into production, analysts said. Chevron on Monday disclosed it had pumped first oil from a field at 20,000 pounds per square inch pressures, a third greater than any prior well. Its... Continue Reading →
(PN) SBM Offshore has completed a new stage in the construction of FPSO Alexandre de Gusmão, which will be installed in the Mero field, in the pre-salt layer of the Santos Basin. The Dutch company announced this week that the lifting campaign for the vessel's topside modules was successfully completed. Integration and commissioning activities continue... Continue Reading →
(PN) Earlier this month, the Brazilian Institute of the Environment (Ibama) issued a license authorizing Petrobras to begin a 4D seismic survey with nodes in the Buzios field, in the pre-salt layer of the Santos Basin. The survey may be conducted using one of the seismic source vessels: Artemis Arctic or Artemis Odyssey. In addition,... Continue Reading →
(offshore-energy.biz) U.S. offshore engineering and construction player McDermott has been tasked with putting all the pieces in place for the development of a gas project off the coast of Trinidad and Tobago, thanks to an engineering, procurement, construction, installation (EPCI), hook-up, and commissioning contract with Shell Trinidad and Tobago Limited, a subsidiary of the UK-headquartered... Continue Reading →
(offshoreWind.biz) Mingyang Smart Energy’s OceanX, which the company says is the world’s largest single-capacity floating wind platform, has sailed out of Guangzhou, China, and is heading towards the Qingzhou IV offshore wind farm in Yangjiang, Guangdong, where it will be installed. The floater is a dual-turbine V-shaped platform and has a generation capacity of 16.6... Continue Reading →
(Reuters) - Vestas, the world's largest maker of wind turbines, warned of a second quarter loss on Monday and trimmed its full-year profit margin and revenue outlook, sending the company's shares down 5%. Vestas' service business, usually a bright spot, would book a one-off 300 million euro ($327.63 million) second quarter hit, it said, affected... Continue Reading →
(OE) Italian classification and marine engineering consultancy RINA has issued two certifications for Saipem’s methodology of qualification of the performances of subsea hydrogen pipelines. One of the challenges of transporting hydrogen through converted or newly constructed pipelines is the risk of weakening materials. In response, Saipem has developed its own protocol to evaluate the performance... Continue Reading →
(offshoreWind.biz) Renexia, Mingyang Smart Energy and Minister Adolfo Urso from the Ministry of Enterprises and Made in Italy (MIMIT) have signed a memorandum of understanding (MOU) that will see the Chinese OEM producing wind turbines in Italy and supplying 18.8 MW wind turbines for Renexia’s Med Wind floating wind farm. The agreement includes a EUR... Continue Reading →
Brazil Energy Insight 