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(PN) Halliburton announced today (8) that it has been contracted by Petrobras to provide a range of services in Brazil for integrated interventions and decommissioning of offshore wells. The commercial agreement is expected to begin in the second quarter of 2025. It will be a major new contract for the company, as it will cover... Continue Reading →
(Reuters) - Brazil's state-run oil company Petrobras has obtained environmental licenses to expand production in two offshore fields, and could have one vessel start production earlier than expected in one field, three people with knowledge of the matter told Reuters. The licenses will allow Petrobras to increase production in the Mero and Buzios fields, with Buzios... Continue Reading →
By Bruce Beaubouef, Managing Editor (Offshore-mag.com) The “Big 3” offshore drillers – listed as Transocean, Noble Corp., and Valaris by Evercore ISI – are all reporting “strong offshore fundamentals and a robust outlook” that will likely stretch out to 2030, according to a recent report by the oilfield marketplace consulting firm. Evercore based its analysis... Continue Reading →
SBM Offshore is pleased to announce that it has signed a contract with Woodside Petróleo Operaciones de México, S. de R.L. de C.V. (“Woodside”), operator of the Trion deepwater oil field development located in the Perdido Belt of the western Gulf of Mexico. Under this contract, SBM Offshore will construct and thereafter lease to Woodside... Continue Reading →
(Reuters) - Siemens Energy on Wednesday raised its free cash flow outlook for the second time in three months, citing stronger demand for its power grid equipment and gas turbines as the group recovers from a crisis at its wind division. The company, which supplies the utility sector with components and services, had to seek help from the... Continue Reading →
(OE) Samsung Heavy Industries (SHI) and Equinor have signed a preferred supplier agreement for floating structures for the 750 MW Bandibuli offshore wind project being developed in South Korea. The supplier agreement for the fabrication and marshalling of the floating substructures for Bandibuli’s wind turbines was signed by SHI and Equinor on August 7, 2024.... Continue Reading →
(OE) BlueFloat Energy has revealed the site location for its floating wind project, which will participate in the upcoming floating demonstration program, due to be launched by the Taiwanese government later in 2024. The ‘Winds of September Phase 1’ project, in development since 2021, will involve the installation of up to 12 floating platforms for... Continue Reading →
Barry Parker, Contributor of bdp1 Consulting Ltd (OE) Early 2024 saw a group of financial deals that have implications, in a broad sense, for how offshore wind projects may be financed. While offshore wind projects might be thought of as being in the ‘utility finance’ basket, they are ultimately high-risk deals that might better suit the... Continue Reading →
Wilson Sons, a leader in port and maritime logistics in Brazil, was recognized, for the second year running, as one of Brazil’s most innovative companies. According to the Valor Inovação Brasil 2024 Yearbook survey, released this Tuesday, August 6th, Wilson Sons is one of the Top-5 Transport and Logistics companies, and is part of the... Continue Reading →
(Oil Now) Subsea7 is closely watching Suriname’s offshore oil sector, with hopes of winning a massive subsea contract to support TotalEnergies’ Block 58 project. In a Q2 earnings presentation, Subsea7 listed the Suriname project among a selection of Invitations to Tender (ITT) in-house or expected in the next 12 months. It expects the contract to... Continue Reading →
Brazil Energy Insight 