Petrobras on the Permanent Seismic Monitoring System

Petróleo Brasileiro S.A. – Petrobras informs that it has signed a contract with the consortium formed by Alcatel Submarine Networks and Maersk for the construction and installation of the Permanent Seismic Monitoring System (PSMS) in the Mero field, in the Santos Basin. The Mero PSMS project has unprecedented features in Brazil and incorporates state-of-the-art 4D... Continue Reading →

Equinor starts offshore installation campaign in the Bacalhau field

(TN) Equinor has started the offshore installation campaign in the Bacalhau field, located in the Santos Basin. The work is performed under an integrated EPCI (Engineering, Procurement, Construction and Installation) contract with SIA - Subsea Integration Alliance, an alliance between OneSubsea® and Subsea7. Seven Pacific, Subsea7's construction/flex-lay vessel, capable of operating at depths of up... Continue Reading →

Saipem boosts financial structure and liquidity with new credit facilities

Italy’s oilfield services provider Saipem has entered into two new credit facilities totalling approximately €860 million (almost $925.2 million) with a pool of leading national and international banks to further strengthens its financial structure and liquidity. Saipem made the announcement about these two new credit facilities on Monday, 13 February 2023. The Italian giant says... Continue Reading →

DNV’s JiP Aims to Save Time and Money for Offshore Wind Stakeholders

(OE) DNV is launching a project to develop a decision tool and reference for stakeholders to use during the specification, design, manufacture, procurement, and approval of any equipment intended for the installation and decommissioning of bottom-fixed wind turbines. DNV forecasts that wind energy capacity will expand 15-fold, rising from 5% of global electricity production currently... Continue Reading →

Hydrogen is elemental to U.S.-EU green compromise

 (Reuters Breakingviews) - Heated trade tensions could cool if the United States and the European Union make concessions on hydrogen. Washington’s Inflation Reduction Act includes subsidies that could slash the cost of the element’s sustainably produced “green” version by 2030. If the EU can negotiate better access to America’s production chain while attractively managing its future import... Continue Reading →

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