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Dutch FPSO specialist SBM Offshore has won contracts to perform Front End Engineering and Design (FEED) for an FPSO for Exxon's Yellowtail development offshore Guyana. The FEED contract for what will be Guyana's fourth FPSO, and fourth delivered by SBM Offshore, triggers the initial release of funds by ExxonMobil to begin FEED activities and secure... Continue Reading →
Marine Power Systems (MPS) has appointed Principia as lead contractor on detailed design and engineering of the floating platform that will support both wind and wave energy generating devices. Principia, part of the Artelia Group, has a dedicated offshore engineering team who has been working on offshore projects for over 40 years. The company brings... Continue Reading →
A consortium of TGS, CGG and BGP has commenced the acquisition for Phase 1 of the Suriname 3D project. Last month, the seismic trio signed a multi-client agreement with Suriname’s national oil company Staatsolie for multi-client seismic programs. The new seismic data from the consortium’s multi-client programs will be instrumental in accurately delineating the prospectivity and potential of this... Continue Reading →
Offshore seismic surveyor PXGEO has been awarded an ocean bottom node survey contract in Brazil. PGXEO said that the project, awarded by the Brazilian oil company Petrobras, would start in the second quarter of 2022. The contract will last for around three months. In June 2021, PXGEO acquired Fugro's subsidiary Seabed Geosolutions, a company specializing in... Continue Reading →
TotalEnergies and Daimler Truck AG have signed today an agreement on their joint commitment to the decarbonization of the road freight in the European Union. The partners will collaborate in the development of ecosystems for heavy-duty trucks running on hydrogen, with the intent to demonstrate the attractiveness and effectiveness of trucking powered by clean hydrogen... Continue Reading →
(Reuters) - Oil major Royal Dutch Shell's (RDSa.L) clean energy unit will provide renewable energy credits (REC) to oilfield firm Baker Hughes' (BKR.N) facilities in United States for a two-year period, the companies said on Wednesday. The move comes as climate activists, investors, banks and some governments mount pressure on oil and gas companies to announce net zero emission... Continue Reading →
(Reuters) - General Electric Co's (GE.N) plan to spin off energy units into a standalone company could attract investors looking for a well-known name in renewables if they can overlook legacy fossil-fuel operations, financial experts said. Earlier on Tuesday, the 129-year-old conglomerate outlined a plan to split into three publicly traded companies focused on energy, healthcare and... Continue Reading →
Offshore energy engineering solutions provider Aquaterra Energy has been awarded a $4.4 million contract with BW Energy. Under the contract, Aquaterra Energy will provide procurement, engineering, manufacture, installation, and commissioning support of multiple conductor tensioning units for the repurposing of the Hibiscus Alpha jack-up rig to an offshore installation (OI), located offshore Gabon, West Africa.... Continue Reading →
Helix Energy Solutions and Trendsetter Engineering have partnered up to provide integrated hydraulic intervention services for subsea wells and flowlines. The new partnership will integrate Trendsetter’s 15,0000psi Subsea Tree Injection Manifold (15K STIM) and personnel into Helix’s fleet of well intervention vessels and equipment used to perform well services globally. Helix’s well intervention vessels include... Continue Reading →
France-based geophysical services company CGG has reported a segment revenue of $270 million for the third quarter of 2021, up 35% year-on-year and 71% sequentially. In Q3 2021, CGG’s Geology, Geophysics and Reservoir (GGR) segment revenue was at $168 million, up 12% year-on-year and 53% sequentially, and the segment’s operating income was $30 million. Multi-Client segment... Continue Reading →
Brazil Energy Insight 