Brought to you by Quest Offshore & Southern Cone Consultants
(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 →
(OE) Malaysian FPSO leasing firm Yinson Production has acquired the Atlanta FPSO, a floating, production, storage, and offloading vessel that will serve as a production unit at Enauta's Atlanta field in Brazil. Yinson acquired the FPSO through the acquisition of AFPS B.V., the platform owner company. Back in February 2022, Brazilian oil firm Enauta bought... Continue Reading →
Offshore drilling firm Valaris said Monday it had secured a 12-well contract offshore West Africa for drillship VALARIS DS-7. Valaris will reactivate the drillship for this contract. The contract, with an undisclosed client, is expected to start in the second quarter of 2024 and has an estimated duration of 850 days. The total contract value... Continue Reading →
China-based companies specializing in ocean-based heavy lift transport COSCO SHIPPING Specialized and Guangzhou Salvage have concluded a joint venture deal leading to the creation of a fleet of 18 semi-submersible vessels by the end of 2023. Commercial management of the fleet will be handled by the joint venture and COSCO SHIPPING Heavy Transport exclusively with... Continue Reading →
(OET) Fugro has reported a revenue of over €1 billion for the first half of 2023, representing a 24.1% growth from €833 million in the first half of 2022, said to be due to continued high client demand in energy markets, in particular for offshore wind site characterization solutions and related nearshore activities. In 1H... Continue Reading →
In 2Q23, average production of oil, NGL and natural gas reached 2.64 MMboed, 1.5% lower compared to 1Q23, mainly due to higher volume of losses from stoppages and maintenance, the natural decline of mature fields and divestments. Those effects were partially offset by the ramp-up of P-71, in Itapu field, and the startup of FPSOs... Continue Reading →
(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 →
(OE) Offshore installation firm DEME Offshore said Tuesday it had installed the approximately 3,000 ton offshore substation for the Vineyard Wind 1 project - the first commercial-scale offshore wind farm in the United States. "The installation of the offshore substation, a first in the US, took place after months of preparation with collaboration and dedication... Continue Reading →
Subsea 7’s revenue for the first half of 2023 was $2.8 billion, a $323 million or 13 per cent increase compared to the first half of 2022, said to be due to significantly increased activity in the Subsea and Conventional business unit partly offset by lower revenue in the Renewables business unit. For 1H 2023,... Continue Reading →
The Búzios field, the largest in the world in ultra-deep waters, reached, in June, the accumulated production of 1 billion barrels of oil equivalent (boe), after just five years since the asset started operations. This result is due to the high productivity per well in Búzios, the evolution of knowledge accumulated in the pre-salt fields... Continue Reading →
Brazil Energy Insight 