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Marine services company C-Innovation (C-I) has ordered a package of Sonardyne’s underwater positioning and navigation systems to support its operations offshore Brazil. Remotely operated vehicles (ROVs) on board six ROV support vessels (RSVs) in the country will be equipped with Sonardyne inertial, gyrocompass and Doppler technologies, as well as hybrid acoustic-inertial systems. C-I has ordered... Continue Reading →
PJ Valves (PJV), a UK-based manufacturer and supplier of valves to the global energy industry, has been awarded two FPSO valve contracts for Petrobras projects in Brazil. PJ Valves said on Tuesday that the company would manufacture and supply valves packages to both projects in the Santos and Campos basins. One of the deals was... Continue Reading →
The state-affiliated Japan Bank for International Co-operation (JBIC) has agreed to loan $352mn to a Japanese consortium developing a floating production, storage and offloading (FPSO) unit, which will be chartered to Brazil's state-controlled Petrobras for use at the Marlim oil field in the Campos basin offshore Brazil. The loan will be co-financed by private banks... Continue Reading →
Golar LNG said on Monday Hygo Energy Transition Ltd, a joint venture between Golar and U.S. private equity firm Stonepeak Infrastructure Partners, has appointed Paul Hanrahan as chief executive officer after Eduardo Antonello stepped down, following a corruption investigation in Brazil. Antonello has been accused by Brazilian federal prosecutors of bribery in a massive Car Wash... Continue Reading →
FLASC, a start-up developing non-battery based energy storage solutions for the offshore sector has entered a collaboration with offshore installation giant Subsea 7. FLASC's patented Hydro-Pneumatic Energy Storage (HPES) concept combines pressurized seawater with compressed air to create an efficient, large-scale energy storage device that can be applied across a wide range of offshore applications.... Continue Reading →
Malaysia ’s state-owned oil company Petronas has spudded the keenly watched Sloanea-1 wildcat on Suriname’s Block 52, hoping to emulate the successes that US independent Apache has notched up on Block 58.
(Bloomberg) - Petroleos Mexicanos returned to capital markets Thursday for its first debt sale since January as the embattled oil producer seeks to tap improved demand from investors. Pemex sold $1.5 billion in five-year bonds with a 6.95% yield, up from the $1 billion originally offered with a guidance price in the mid-to-high 7% range.... Continue Reading →
Norwegian offshore vessel owner DOF has won a contract with the Petrobras-led Libra consortium to provide a multi-purpose support vessel for work at the Mero offshore oil field in Brazil. The Libra Consortium is led by Petrobras - with a 40% interest - in partnership with Shell Brasil (20%) ; Total (20%), CNODC (10%) and CNOOC... Continue Reading →
2020 set the stage for a profound transformation in the oil and gas industry. The oil and gas industry was already facing a challenging transition process as economies move toward a low-carbon future; however, surviving and prospering in a low-oil-price and high-risk environment is an even greater and more urgent challenge. Producers with relatively high-cost... Continue Reading →
A strengthening Hurricane Delta dealt the greatest blow to U.S. offshore Gulf of Mexico production in 15 years, halting most of the region's oil and nearly two-thirds of its natural gas output. An already large and powerful storm, Delta could intensify further on Friday as it churns through the Gulf's prime oil-producing area. Its winds... Continue Reading →
