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(OE) Samsung Heavy Industries (SHI) has signed a "Strategic Collaboration Agreement" with Equinor, Norway's largest energy company, to strengthen its competitiveness in the offshore EPC business. According to SHI, the two companies have recognized that a longer-term and closer collaboration on the future project portfolio could be mutually beneficial for Equinor's future projects requiring "Asian... Continue Reading →
(U) Brazilian logistics player Prumo and local energy distribution company Neoenergia have signed a memorandum of understanding to develop studies for the production of green hydrogen and offshore wind generation in the Acu Port area of Rio de Janeiro state. The announcement involving Prumo — a partnership between EIG Global Energy Partners and Mubadala Investment... Continue Reading →
(OM) News from Rio Oil & Gas 2022 is upbeat about the prospects for offshore E&P, according to Evercore ISI’s most recent Offshore Oracle report, with many international operators offering updates on their upcoming projects slated offshore Brazil. Added to that was Exxon Mobil’s announcement that $13 trillion in new oil and gas investments will be... Continue Reading →
UK oilfield services provider Wood has been awarded two offshore contract extensions in Brazil, which include the provision of operations services for Trident Energy and maintenance solutions for Equinor. In July, Wood and Trident Energy signed an agreement to perform production and deck operation services onboard platforms P08, P65, PCE1, and PPM1. This contract is a one-year extension of... Continue Reading →
(Reuters) - A leftist former union leader is on track to replace Brazil's right-wing president and tear up the most important fiscal rule in the world's 10th largest economy, but foreign investors are largely unfazed. Their even-keeled outlook for Brazil, where the local currency and stock market have gained this year, reflects confidence that even... Continue Reading →
(Reuters) Russia's top spy said on Friday that Moscow had intelligence indicating that the West was behind what he said was a "terrorist act" against the Nord Stream gas pipelines under the Baltic Sea. A sharp drop in pressure on both pipelines was registered on Sept. 26, and seismologists detected explosions, triggering a wave of speculation about who... Continue Reading →
(OED) Danish offshore drilling firm Maersk Drilling has secured a contract with Shell Brasil for the semi-submersible rig Mærsk Developer in the Campos basin offshore Brazil. The offshore drilling rig will drill one exploration well and perform subsea well interventions at the BC-10 field. The contract is expected to start in March 2023, in direct... Continue Reading →
Heerema Marine Contractors has awarded Huisman a contract to deliver a Motion Compensated Pile Gripper. The Motion Compensation Pile Gripper will enable Heerema to install offshore wind monopiles up to 12.5 meters in diameter, with a length of up to 115 meters and a weight of 3,200 metric tons. The Gripper is designed specifically for... Continue Reading →
Scheduled to form part of Petrobras' 5th production module in the Búzios field, the Modec unit will be submitted to Brazilian authorities' clearance procedures. Afterwards, it will go to the Brasfels shipyard, in Angra dos Reis (RJ), where it will undergo the final commissioning activities. The first oil from the FPSO Almirante Barroso is expected... Continue Reading →
After making a few stops on the way, a floating, production, storage and offloading (FPSO) vessel, destined for Petrobras’ revitalisation project, has arrived in Brazil. Letters of Intent for this FPSO project were awarded to Malaysia’s Yinson in October 2019 by Petrobras. Several months later, the two players entered into definitive contracts and in April 2020, Sumitomo... Continue Reading →
