(OET) Offshore drilling contractor Valaris Limited and its wholly-owned subsidiary, Valaris Finance Company LLC, have disclosed a pricing of $400 million upsized private placement of additional 8.375 per cent senior secured second lien notes due 2030. The net proceeds of this offering will be used to finance the purchase of two Daewoo Shipbuilding & Marine... Continue Reading →
Petrobras starts contracting process for FPSO to revitalize the Barracuda and Caratings fields
Petrobras started contracting process for FPSO for the Barracuda and Caratinga Field Revitalization Project, another important milestone in the Campos Basin revitalization plan. The announcement was published on the Petronect portal last Friday (04/08). The new FPSO will have the capacity to produce up to 100 thousand barrels of oil per day (bpd) and process... Continue Reading →
Forum Energy Technologies Subsea bolsters Brazil growth strategy with partner appointment
Forum Energy Technologies (FET) has appointed UnderOcean Servicos Maritimos (UnderOcean) to represent its Subsea operations in Brazil. The partnership will see UnderOcean provide business development and engineering support on behalf of FET’s Subsea Technologies product line in Brazil. Headquartered in Macaé, Rio de Janeiro, UnderOcean will deliver service, repair, calibration, upgrades, and modifications for FET’s... Continue Reading →
RRC signs strategic partnership with Trident Energy for decommissioning in the Campos Basin
With the mission of providing Subsea, technological and innovative solutions for the oil and gas sector, RRC Tecnologia e Inovação has just closed a 12-month consultancy contract with Trident Energy do Brasil for the decommissioning of flexible pipelines and subsea equipment that were connected to platforms P-07, P-12 and P-15, at the Pampo and Enchova... Continue Reading →
Huisman Monopile Installation Kit for Seaway7’s Next-Generation Jack-Up Vessel
Huisman has been awarded a contract by Seaway8, part of Subsea7 Group, for the delivery of the entire monopile installation spread for the jack-up vessel Seaway Ventus, which is currently being built by China Merchants Heavy Industry (CMHI). Under the contract, Huisman will deliver a monopile gripper, an upending frame, and two sets of monopile storage... Continue Reading →
Subsea 7 puts its polymer liner system to use at Senegal’s first offshore oil development
(OET) Subsea 7 has completed the polymer lining scope at Woodside Energy’s Sangomar field development Phase 1 project, Senegal’s first offshore oil development. This is said to mark the first use of the Swagelining polymer liner system offshore West Africa and for Woodside Energy. The Swagelining system was selected as a corrosion barrier for 24 kilometers of... Continue Reading →
Technip Energies, Sarens, and Young-Chang Heavy Industry Form Floating Wind Partnership in Korea
(OW) Technip Energies has signed a Memorandum of Understanding (MoU) with the yard infrastructure provider, Young Chang, and heavy lifting solutions provider, Sarens, to collaborate on floating offshore wind projects offshore South Korea. Carl Sarens, Managing Director of Sarens Projects, said: ”We are looking forward to our cooperation with Technip Energies and Young-Chang Heavy Industries. Our objective... Continue Reading →
TechnipFMC breaks subsea order records, expects to reach $9 billion in 2023
(OET) TechnipFMC has received $4.1 billion in subsea inbound orders in the second quarter of 2023, a 62.2% increase compared to Q1 2023 and a 113.4% increase compared to the same period in 2022. Records were set for the company’s iEPCI full-field subsea development and integrated project execution and Subsea 2.0 subsea production system. TechnipFMC’s total... Continue Reading →
Subsea 7’s New Semi-Submersible Vessel Equipped for XXL Offshore Wind Foundations En Route to Europe
(OE) Subsea 7's recently delivered Seaway Alfa Lift offshore wind foundation installation vessel is in transit to Europe and is expected to join Subsea 7's fleet in the third quarter of 2023. The semi-submersible heavy installation vessel, designed by Ulstein, will be used to install the next-generation XXL offshore wind foundations. The newbuild heavy lift... Continue Reading →
Seaway7 concludes scope on Seagreen offshore wind farm
(OM) Seaway7 recently concluded its scope on SSE Renewables and TotalEnergies's Seagreen Offshore Wind Farm, after almost two years of offshore construction. The EPCI scope for both foundations and cables on the project was one of the largest contract scopes delivered in offshore wind to date. Seaway7 implemented suction bucket foundation technology on jackets to overcome the difficult... Continue Reading →
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