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(Reuters) -U.S. oilfield technology firm Baker Hughes beat Wall Street estimates for fourth-quarter profit on Thursday, as robust demand for natural gas equipment and services helped offset weak sales of its drilling gear in North America. Oilfield service companies are grappling with lower demand as extraction technologies get more efficient and higher supplies deter more... Continue Reading →
Chinese EPCI company COOEC has completed the construction of 13 topside modules for FPSO P-79, which will be installed in the Buzios field, in the pre-salt layer of the Santos Basin. The Asian company was responsible for the design, acquisition, construction and onboard installation of the equipment. The modules, which weigh almost 30,000 tons and... Continue Reading →
MODEC and Toyo Engineering have jointly obtained an Approval in Principle (AiP) from ABS for a Blue Ammonia FPSO that will produce ammonia from the gas supplied by a traditional FPSO located nearby. Blue ammonia is produced from hydrocarbons where the CO2 emitted during production is sequestrated. The Blue Ammonia FPSO will use gas which... Continue Reading →
U.S. oilfield services firm Halliburton has secured a contract from Petrobras for integrated drilling services across several offshore fields in Brazil. The contract scope includes drilling services for development and exploration wells over a three-year period. The contract, expected to begin in 2025, represents Halliburton’s largest service contract with Petrobras, the company said, without revealing... Continue Reading →
(Reuters) - Norway's $1.8 trillion wealth fund, the world's largest, remains committed to investments in renewable assets despite recent market setbacks and will seek opportunities in both the listed and private markets, a senior fund official said on Thursday. Renewable energy assets have significantly underperformed in the market in 2024, with some previous investor favourites... Continue Reading →
Oceaneering, a global provider of engineered services and products for the offshore energy industry, has placed an initial order for a minimum of 100 units of Exail’s new Octans 9 Attitude Heading Referencing Systems (AHRS). This strategic acquisition underscores Oceaneering's commitment to innovation and operational excellence while significantly enhancing its capabilities in offshore survey and... Continue Reading →
Salunda, the global leader in digitised solutions for safety critical industries, has integrated its Red Zone monitoring solutions on four drilling rigs in Guyana with Intellilift’s proven digital technologies to deliver automated location and control of critical equipment and personnel. The collaboration – on assets belonging to a major offshore drilling contractor - marks the... Continue Reading →
(offshore-energy.biz) Norway-based energy data and intelligence company TGS has launched advanced imaging centers in collaboration with Brazilian state-owned energy giant Petrobras to improve subsurface data interpretation for the Campos and Santos basins offshore Brazil. TGS noted that these centers, based at Petrobras’ Rio de Janeiro offices, will focus on ocean bottom nodes (OBNs) and 4D... Continue Reading →
(offshoreWIND.biz) Chinese state-owned CRRC has installed what the company claims to be the world’s largest floating offshore wind turbine in the Shandong Province. On 11 January, the company installed the 20 MW Qihang floating offshore wind turbine prototype at the Dongying wind power testing and certification innovation base in Shandong. CRRC said this marks an... Continue Reading →
(OE) Industrial technology company Tracerco has secured a contract from Technip to deliver its measurement and control solutions profiler for the multi-phase subsea separation work on Petrobras’ Mero 3 High Pressure Separator (HISEP) pilot project in the Brazilian pre-salt oil region. Tracerco will supply its Tracerco Profiler instrument, which has been redesigned to deliver critical... Continue Reading →
Brazil Energy Insight 