Porto Central Complexo Industrial Portuário and M.A.R.S. Europe have signed an amendment to their memorandum of understanding that extends their ongoing collaboration on a ship decommissioning and recycling yard in Brazil. The amendment extends…
Oil major BP reported a smaller than expected fall in third-quarter underlying profit on Tuesday as a strong performance at all divisions led by refining helped to offset the impact of lower crude prices.However, there was no update on the closely…
Yinson Production, the offshore unit of Malaysia's Yinson Holdings, plans to expand into Namibia and is considering an initial public offering within three to five years, its CEO said on Tuesday.The company, which in January received a $1 billion investment from global funds…
DOF Group ASA ('DOF') is pleased to announce that three PLSVs (pipelay support vessels) owned through a joint venture between DOF (50%) and TechnipFMC (50%) have secured contract extensions with Petrobras in Brazil.Skandi Vitória and Skandi…
Oil and gas have not only fueled economies but created rivalries, territorial disputes and wars. In the last one hundred years or so, since petroleum resources have been commercially extracted it is central to numerous armed conflicts. Some notable examples…
French tubular solutions supplier Vallourec has secured a contract with TechnipFMC to supply line pipes for the Orca project, formerly known as Gato do Mato, a major Shell-operated deepwater development in Brazil’s Santos Basin.The integrated contract covers more than 20…
OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, has secured two sizeable engineering, procurement, and construction (EPC) contracts by PTT Exploration and Production Public Company Limited (PTTEP) for two deepwater projects offshore Malaysia…
Brazil's Petrobras has authorized studies for a logistics center in the Amazonian state of Amapa, where the state-run oil firm started exploring in a promising offshore block last week, state Governor Clecio Luis told Reuters.The company's logistics subsidiary Transpetro will do the studies…
BP is advancing appraisal planning for its Bumerangue offshore discovery in Brazil after laboratory analysis confirmed a large hydrocarbon column in the pre-salt Santos Basin, and CO2 levels in the reservoir that the company believes can be managed…
Brazil's state-run oil firm Petrobras is in negotiations with SBM Offshore over two floating production vessels to be commissioned for its Sergipe deepwater projects, Petrobras head of Exploration and Production said on Wednesday.Petrobras hopes…
BP has awarded Oceaneering International and SLB multi-million dollar contracts to support a multi-well subsea intervention campaign at the Azeri-Chirag-Deepwater Gunashli (ACG) oil field in the Caspian Sea, marking the first use of riserless…
Grupo Carso is reviewing the feasibility of the Lakach deepwater natural gas project in collaboration with state energy company Pemex and conducting new analyses to determine how to proceed, a company official said Tuesday.The company signed…
Oil company PRIO has signed an agreement with Shape Digital, a developer of AI-driven solutions, for the deployment of Shape Lighthouse, an asset management platform designed to enhance operational reliability, reduce maintenance costs, and maximize production…
Brazilian state-run oil company Petrobras has reached a milestone with the Almirante Tamandaré floating production, storage and offloading (FPSO) unit, operating in the Búzios field in the pre-salt Santos Basin, with record production rate of 270…
Maersk Supply Service, with the support of Maritime Developments (MDL), has completed a complex dynamic riser assembly installation at Brazil’s Mero field in the pre-salt Santos Basin, connecting the deepwater site to a Permanent Reservoir Monitoring (PRM) sensor grid…
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