Dutch FPSO supplier SBM Offshore has closed a US$600 million bridge loan facility for the financing of the construction of FPSO Sepetiba (formerly known as Mero 2) destined for deployment in Brazil with Petrobras.SBM Offshore said the loan was…
Norwegian seismic survey company Shearwater GeoServices has received an award by the French seismic data company CGG for the Brazil Nebula survey extension.'We are pleased to see this award by CGG and look forward to continuing the work by Shearwater crews in Brazil…
Norwegian energy giant Equinor said Wednesday it would build a gas-to-hydrogen plant in the UK in combination with carbon capture and storage. The captured carbon would be stored in offshore storage in the North Sea. Equinor said the facility…
Italian energy company Eni has chartered Vantage Drilling's Topaz Driller jack-up drilling rig for drilling operations in the Adriatic Sea, offshore Montenegro.Under the contract announced by Vantage on Tuesday, the 2009-built Topaz Driller will provide drilling services for 180 days…
Brazil's oil industry expects a recovery in domestic demand in the next months driven by growing China imports, but the negative effects of COVID-19 are expected to last through the end of 2021, lobbying group IBP said in a note on Tuesday.Consumption could drop by more than 10%…
Guyana on Tuesday asked the World Court to confirm the demarcation of its land border with Venezuela, part of a long-running dispute between the South American neighbours with potential implications for offshore oil rights.Representatives of Guyana asked judges at the United Nations court…
Oslo-listed offshore installation giant Subsea 7 will be responsible for the delivery and installation of subsea pipelines and umbilicals at Aker BP's recently sanctioned Hod field development project, in the North Sea offshore Norway.Aker BP…
Offshore installation and decommissioning specialist Allseas has awarded a contract to Norway's Kvaerner to dismantle and recycle three large topsides, three jackets and four bridges from Aker BP's Valhall and Hod fields, with a combined weight of 33 000 tonnes…
Offshore and subsea services provider Oceaneering has secured a contract with Chevron's Angola subsidiary Cabinda Gulf Oil Company Limited (CABGOC)Under the three-year contract, Oceaneering's Asset Integrity division will provide inspection services onshore Cabinda…
Norway's Aker Solutions has received a letter of intent from Equinor to deliver the subsea production system for the Askeladd Vest natural gas development in the Barents Sea in northern Norway.The development of Askeladd Vest is phase two of…
Saudi oil giant Saudi Aramco has suspended the contract for the Seadrill co-owned jack-up drilling rig AOD II.The rig has an $89,900 a day contract with Saudi Aramco in Saudi Arabia running until April 2023. The contract was signed in April 2020…
Thai-based offshore services provider Mermaid Maritime has said it has launched a business branch focused on offshore transportation, installation and decommissioning.Mermaid said Tuesday its new business unit’s immediate target is potential…
UK-based safety training provider Survivex has launched GWO wind training in Aberdeen to service Scotland’s growing offshore wind industry. The first courses will run from July 6, onwards.Survivex said Tuesday that it had invested over £100…
Oilfield services giant Schlumberger has this week introduced two interesting technologies for remote well operations and downhole reservoir testing, the Performance Live and the Symphony, respectively.Performance Live is a digital service that optimizes remote well site operations control…
ConocoPhillips has deployed a low-code platform called Mendix to cut costs and increase efficiency, making it the first major oil and gas producer to use such technology across the company, Mendix said in a statement on Tuesday.Mendix, owned by German technology firm Siemens…
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