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Malaysia’s Sapura Energy has completed the installation of a satellite platform topside offshore Mexico, as part of Hokchi Energy's Hokchi field development. In a post on social media on Friday, Sapura Energy said it successfully lifted and set down the Hokchi Satellite Platform topside, weighing approximately 1,730MT in the Gulf of Mexico. Continue reading
MAR 13 , 2020 According to information obtained by Petronotícia, the vessel Batuira crashed into the platform ship P-77, in the Búzios field, in the Santos Basin. The FPSO suffered damage to its side and, in addition, there was a detachment of the gangway - a walkway that connects the Maintenance and Safety Unit (UMS)... Continue Reading →
Jotun and Kongsberg Maritime have joined forces to develop a proactive hull cleaning solution called Jotun HullSkater. Jotun HullSkater, a green cleaning machine, is part of Jotun Hull Skating Solutions. This is the first solution developed for proactive bio-fouling control on ships and offers the potential to reduce fuel costs by around US$3.6 million and... Continue Reading →
MacGregor, part of Cargotec, has extended coverage and capability to support all their customers’ service needs in the Americas. The announcement comes following the acquisitions of Rapp Marine and TTS in 2018 and 2019 respectively. MacGregor now has over 80 service personnel in place supporting the full product range across the Merchant, Cruise, Offshore, Naval... Continue Reading →
In response to the current global macroeconomic and commodity outlook, the U.S.-based oil and gas company Noble Energy has announced its decision to reduce its 2020 expenditure guidance by $550 million. With this decision to cut its spending budget for 2020 as a result of oil market volatility, Noble Energy has joined its peers Apache and Murphy Oil.... Continue Reading →
The U.S. Bankruptcy Court for the Southern District of Texas has confirmed McDermott’s plan of reorganization and approved the sale of Lummus Technology to a joint partnership between The Chatterjee Group and Rhône Capital. McDermott filed for Chapter 11 bankruptcy in late January 2020 to eliminate $4.6 billion of debt. The company announced the confirmation of... Continue Reading →
Digitalization has revolutionized the world, and hydrographic survey techniques are no exception. While advances in mechanical design have enabled the survey of increasingly remote locations, electronics and digital processing techniques have dramatically increased resolution. Where once a few spot soundings were considered enough to make a chart, today’s survey vessels generate vast amounts of data... Continue Reading →
Engineering group Sandvik has completed the divestment of Sandvik Drilling and Completions (Varel) to the private equity firm Blue Water Energy and its co-investor, the privately owned Nixon Energy Investments. Sandvik will remain a minority owner of 30% of the company and hold a position on the board. Continue reading
Mar 12, 2020 Enauta registered the mark of 10 million barrels of oil produced by the Atlanta Field, which positioned the company as the 6th largest oil and gas producer in Brazil at the end of 2019, according to data from the ANP. Such numbers solidify the Consortium's decision to continue with the development of... Continue Reading →
Oil prices could fall into the low $20s for the global market to rebalance, as Rystad Energy expects an increase in global supplies in the next three months. OPEC+ countries are locked and loaded to add between 1.5 million and 2.5 million barrels per day (bpd), which Rystad estimates is their realistic short-term capability. After... Continue Reading →
