Nov. 10 (PN) The great potential to be discovered in the basins of the Equatorial Margin motivated Petrobras to undertake a long and arduous environmental licensing process with IBAMA (Brazilian Institute of Environment and Renewable Natural Resources). Having overcome this stage, the oil company is now beginning to face the technical and economic challenges. Currently,... Continue Reading →
MODEC Selects TMC Compressors for Brazil’s Gato do Mato FPSO
Nov. 10 (OE) Norway’s TMC Compressors said it has secured a contract to deliver a large-capacity marine compressed air system to MODEC’s new floating production, storage and offloading (FPSO) vessel, Gato do Mato, bound for Brazil. TMC will supply compressors to provide control and service air aboard the vessel, the company said on Monday, without... Continue Reading →
UK Economy to Reap GBP 6.1 Billion from 3.6 GW Dogger Bank Offshore Wind Farm
Nov. 6 (offshoreWIND.biz) The 3.6 GW Dogger Bank Wind Farm, which will become the world’s largest offshore wind farm once fully operational, will boost the UK economy by GBP 6.1 billion (approximately EUR 6.9 billion) during its lifetime and support thousands of UK jobs over the next decade, according to a report written by BVG... Continue Reading →
Sercel Awarded Five-Year Marlin Support Contract by ExxonMobil Guyana
Nov. 5 (OE) Sercel announced the award of a five-year technical support and maintenance contract by ExxonMobil Guyana Ltd. for the Marlin Vessel Tracking and Alerts (VTA) software solution, delivered to the client in 2024. Sercel will provide comprehensive technical support, system maintenance, and ongoing software enhancements for the Marlin VTA solution currently being deployed... Continue Reading →
Yinson Production’s CFO: Two new project bonds on the 2026 horizon to refinance FPSO duo
Nov. 4 (offshore-energy.biz) Foreseeing no financing woes to hinder its progress, Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, is eyeing refinancing opportunities for two floating production, storage, and offloading (FPSO) units with new project bonds on the cards next year. With a lease-and-operate model as the crown jewel of its... Continue Reading →
Oceaneering Expands Vision Platform with Subsea Module for Engineering‑Grade Integrity Visualization
Nov. 4 (OE) Oceaneering International, Inc. announced Vision Subsea, a new module within the cloud‑based Vision 3D data visualization software platform developed by GDi, an Oceaneering company. The module presents engineering-grade point cloud data generated during ROV operations, giving engineers a measurable, contextual view of subsea asset integrity to better enable identification of anomaly location,... Continue Reading →
Búzios Field Reaches Record Production of 1 Million Barrels of Oil per Day
Oct. 31 - The Búzios field, operated by Petrobras in the Santos Basin, reached on Wednesday (10/29) a record daily average production of 1 million barrels per day, surpassing the previous mark of 900 thousand reached in August. The largest field in the country in reserves, Búzios is the second Petrobras field to exceed the production mark of 1 million barrels per day. The... Continue Reading →
Fugro’s Profit Beats Estimates Amid Offshore Wind Concerns
Oct. 31 (Reuters) Dutch geological data specialist Fugro reported stronger-than-expected core earnings on Friday, but cautioned that worsening conditions in the offshore wind sector and tighter spending by energy firms could weigh on its performance in the final quarter. Third-quarter adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) fell 22% year-on-year to 108.6 million... Continue Reading →
‘Project in Rio Grande do Norte Is No Longer Just an Idea’ | Brazilian Institute Invites Partners to Join Offshore Wind Pilot
Oct. 30 (offshoreWIND.biz) “The pilot plant project in Rio Grande do Norte is no longer just an idea, a dream. We are talking about something concrete, which exists”, said Rodrigo Mello, director at SENAI Institute for Innovation in Renewable Energies (ISI-ER) and its arm in the state of Rio Grande do Norte, SENAI-RN, as the... Continue Reading →
Kongsberg to Spin Off Maritime Unit, Combine Defense Businesses in Strategic Split
Oct. 30 (OE) Kongsberg Gruppen has proposed spinning off its Kongsberg Maritime business in a separate stock market listing and consolidating its Kongsberg Defence & Aerospace and Kongsberg Discovery units into a single technology and defense company. The group said sustainability and security trends have driven strong growth over the past decade and are expected... Continue Reading →