Petrobras Awards Fugro Three Long-Term ROV Contracts

Dutch offshore services company Fugro has won three long-term contracts by Petrobras to provide remotely operated vehicle (ROV) services for a variety of subsea activities in Brazil. "All three contracts are for 3-year firm periods with additional 1-year options," Fugro said Wednesday. Fugro said the contracts were secured in partnership with offshore vessel owners Solstad... Continue Reading →

Market Report: Global Heavy Lift Vessel Sector

The global heavy lift vessel market is a difficult place to be. Utilization for the fleet has remained depressingly low since the first oil and gas downturn in 2014, currently hovering around 33% for the global fleet with a lift capacity of over 800 tonnes, according to IHS Markit’s ConstructionVesselBase.   Fixed platform installation work,... Continue Reading →

Heerema’s Heavy Lifter Installs Yaxche-C Platform in Mexico

Dutch offshore installation and construction company Heerema Marine Contractors has installed Pemex's Yaxche-C jacket and topside in Mexico, under a contract awarded by Cotemar. Heerema used its 'most experienced vessel' semi-submersible crane vessel Balder to carry out the operation in what was its first project for Cotemar. Balder has been in operation for 42 years now. Continue reading

SBM Offshore Half Year 2020 Earnings

On target despite global disruption August 6, 2020  Highlights Effective response to COVID-19 and oil price crises Successfully maintaining focus on health and safety of staff and business continuity Adapting the organization to ensure flexibility, performance and competitiveness Financial results in line with expectation 2020 Directional1 EBITDA guidance increased from “around” to “above” US$900 million... Continue Reading →

Subsea Energy Solutions Eyes Business in Brazil

UK-based offshore energy equipment maker Subsea Energy Solutions is expanding into Brazil following signing a sales agreement with Marine and Offshore Partners. Subsea Energy Solutions said Wednesday that Rio-based M&O Partners would help it develop new relationships and business development with multinational operators such as Petrobras. Continue reading

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