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(OE)SBM Offshore, one of the world's largest suppliers of FPSOs, has hired the Italian engineering firm Remazel Engineering for the supply of a mooring tensioning system and riser pull-in package for an FPSO being built for deployment at ExxonMobil's Stabroek block in Guyana. Remazel Engineering said that it would supply one of the world’s biggest... Continue Reading →
Shearwater GeoServices has secured a contract by Petrobras to carry out 3D and 4D monitoring for towed streamer seismic acquisition in the Campos Basin offshore Brazil. The 3D and 4D programs will be conducted in a period of nine months by the SW Empress, over the Marlim, Albacora, and Voador fields. The Norway-headquartered seismic exploration company is... Continue Reading →
McDermott, an offshore engineering and construction firm, has been chosen by Australia's BHP Billiton, in collaboration with Mexico's Pemex, to provide Front-End Engineering Design (FEED) of a Semi-submersible Floating Production Unit (FPU) for the Trion field develpment offshore Mexico. The semi-sub floater will be designed for a water depth of approximately 8,200 feet (2,500 meters)... Continue Reading →
Norwegian seismic firm TGS has commenced the multi-client Phase 4 3D survey in the Santos Basin offshore Brazil. The survey is taking place in the western portion of the Santos Basin and works as a northwest extension of the existing TGS Santos 3D, covering approximately 5,000 square kilometers. The aim of this data coverage is... Continue Reading →
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 →
Brazil Energy Insight 