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Equinor has awarded CGG a major contract for the seismic imaging of its Bacalhau 3D ocean bottom node (OBN) survey covering 409 sq km currently being acquired in Brazil’s deepwater Santos Basin. The project is already underway at CGG’s Rio de Janeiro subsurface imaging center where its team is using imaging technologies, including reverse time migration, time-lag... Continue Reading →
Subsea 7 has reported an adjusted EBITDA increase of 50 per cent in the first quarter of 2021, to $102 million, compared to $68 million from the same period in 2020. According to Subsea 7, the mentioned boost is driven by progress on Subsea and Conventional projects, high utilization of the PLSVs, and activities on... Continue Reading →
Renewable energy will account for a far larger share of global supply in 2050 than major oil companies or the International Energy Agency (IEA) expect, Oslo-based consultancy Rystad Energy said on Thursday. Its updated models show renewables meeting 74% of total energy demand by 2050, compared to 43%, 45% and 69% in the most aggressive... Continue Reading →
Aker Solutions has reported growth in both earnings and order intake in the first quarter of 2021, with about 35 per cent of new contracts related to the energy transition. In Q1 2021, Aker Solutions saw an EBITDA of NOK 427 million (approximately EUR 42.5 million), with a margin of 6.6 per cent, an increase... Continue Reading →
TechnipFMC’s Subsea division has reported inbound orders of $1.5 billion in the first quarter of 2021, more than double compared to the fourth quarter of the prior year. Subsea reported first-quarter revenue of $1.3 billion, an increase of 10.6 per cent from the same period in 2020, said to be largely driven by higher project... Continue Reading →
Baker Hughes has been awarded a subsea oilfield equipment contract from Petrobras as part of the Marlim and Voador field revitalization plan in the Campos Basin, offshore Brazil. The contract includes several key technologies from Baker Hughes’ Subsea Connect portfolio and will provide Petrobras with a connected suite of solutions to help drive efficiencies, reduce... Continue Reading →
Dutch oil & gas exploration and production operating company ONE-Dyas plans to power a platform at a North Sea gas extraction field solely by the electricity from the Riffgat offshore wind farm in the German part of the North Sea. ONE-Dyas, together with partners Hansa Hydrocarbons and EBN, aims to extract natural gas from the... Continue Reading →
RIX Industries offers a mobile hydrogen generation system, the M2H2-Series scalable family of Methanol-to-Hydrogen Power Systems, bringing green power to shipboard and marine environments. With the ability to generate hydrogen onboard and on demand, the RIX M2H2-Series also eliminates the heavy footprint of cryogenic liquid hydrogen storage. These highly efficient power systems provide marine shipbuilders... Continue Reading →
CGG delivered the fast-track data from its Agata Reimaging program over the Agata block in the Santos Basin, a highly prolific area of Brazil’s offshore pre-salt. The ultramodern reimaged seismic data set covering over 9,300 sq km will provide valuable information to oil and gas companies wishing to evaluate acreage and assess the potential of... Continue Reading →
Offshore drilling contractor Seadrill has secured a four-year firm contract with four one-year options, for the West Saturn drillship with Norwegian oil major Equinor in Brazil. Seadrill said on Tuesday that the contract was awarded by Equinor’s subsidiary Equinor Brasil Energia Ltda for work on the Bacalhau offshore field. The total value for the firm... Continue Reading →
Brazil Energy Insight 