SBM Offshore is pleased to announce that it has secured a US$250 million term loan facility. The facility will be fully drawn in the coming days to finance Floating Production, Storage and Offloading vessel (FPSO) construction activities. The tenor of the bridge loan is twelve months with an extension option for another six months. Repayment... Continue Reading →
2.6 GW US Offshore Wind Farm Receives Final Federal Permit, Monopile Installation to Start in May
(offshoreWIND.biz) Dominion Energy’s 2.6 GW Coastal Virginia Offshore Wind (CVOW) project has received an air quality permit from the US Environmental Protection Agency (EPA) – the final federal permit required to begin offshore construction. The installation of monopiles at the project site off the coast of Virginia Beach is scheduled to begin in May. Belgian... Continue Reading →
Buzios, largest deepwater field, reaches milestone mark of 1 billion barrels extracted by 5 FPSO’s
Petrobras, in consortium with the companies CNOOC, CNODC and PPSA, reached a new milestone: the Buzios field reached 1 billion barrels of oil (bbl) produced. The feat was achieved on March 31st, and adds up to the production of the five units in operation in the largest field in the world in ultra-deep waters, the... Continue Reading →
TechnipFMC Picks Up ‘Large’ Subsea Contract for ExxonMobil’s Whiptail Off Guyana
(OE) Oilfield services company TechnipFMC has secured a ‘large contract’ from ExxonMobil to supply subsea production systems for the Whiptail development in Guyana’s Stabroek block. TechnipFMC will provide project management, engineering, and manufacturing to deliver 48 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment. For TechnipFMC, a... Continue Reading →
Saipem Gets Go-Ahead for ExxonMobil’s Guyana Oil Development
(OE) Italian offshore energy services firm Saipem has received authorization to proceed with the execution of works for ExxonMobil’s Whiptail oilfield development project, in the Starbroek block offshore Guyana. The go-ahead from ExxonMobil Guyana Limited has been granted following the final project sanction by the client and its coventurers and to the necessary regulatory clearances.... Continue Reading →
Miko Marine Gets MODEC’s Errea Wittu FPSO Job
(OE) Norwegian company Miko Marine has secured a contract from Offshore Frontier Solutions, a MODEC Group company, for the supply of sea inlet covers for its new floating production storage and offloading (FPSO) Errea Wittu, being built for ExxonMobil. Miko will supply two sea chest covers and two sets of pipe covers. The covers use... Continue Reading →
SBM Offshore Awarded Contracts for ExxonMobil Guyana’s FPSO Jaguar
SBM Offshore is pleased to announce that ExxonMobil Guyana Limited (“EMGL”) has confirmed the award of contracts for the Whiptail development project located in the Stabroek Block in Guyana. Under these contracts, SBM Offshore will construct and install FPSO Jaguar. Ownership will transfer to EMGL prior to the FPSO’s installation in Guyana, and SBM Offshore... Continue Reading →
EIG and Lake Capital Investimentos complete acquisition of Ocyan
(TN) EIG, a leading American global fund in the energy and infrastructure sectors, and Lake Capital Investimentos, the resource management division of Lakeshore Partners, focused on the energy and infrastructure sectors, announced to the market that they have completed the acquisition of Ocyan Partipações S.A. ( "Ocyan" or "Company"), a Brazilian provider of solutions for... Continue Reading →
Siem Offshore Chairman Exits with Nine-vessel Purchase
`(OE) Kristian Siem, founder and longtime leader of Siem Offshore, is stepping down as chairman of the Norwegian offshore support vessel (OSV) firm after reaching a deal to acquire nine vessels in exchange for his 35% stake in the company. The company announced it has reached an "amicable agreement" to sell Siem Barracuda, Siem Stingray,... Continue Reading →
Siem Offshore lines up multi-year gig for 2016-built oil spill response vessel in Brazilian waters
( Offshore-energy.biz) Offshore do Brasil, a subsidiary of Norway’s shipping player Siem Offshore, has won a four-year assignment in Brazil with an undisclosed company for one of its oil spill recovery vessels (OSRV). The new contract award for the OSRV Siem Marataizes is slated to begin in the second quarter of 2024. This vessel has been designed... Continue Reading →
