Schlumberger's OneSubsea has ordered a turnkey package from Siemens Energy for the Bacalhau field development project in the Pre-salt region of the Santos Basin. The Bacalhau oilfield, operated by Equinor, is located approximately 115 miles (185 kilometers) off Sao Paulo…
Subsea Integration Alliance, a partnership between OneSubsea and Subsea 7, has awarded offshore cable firm Nexans a contract to deliver umbilicals for Equinor's Bacalhau project offshore Brazil.Under the contract, Nexans will design, manufacture…
Japanese FPSO specialist MODEC has been awarded the contract for the delivery of an FPSO unit for Equinor's Bacalhau development.The EPCI contract award follows the final investment decision for the development of the field, announced by Equinor and its partners Tuesday…
Operators have called for greater certification and ‘provenance’ of oil and gas production and encourage competition when it comes to lowest emission barrels as they position their businesses to align with the energy transition.Speaking at the…
Equinor has awarded CGG a major contract for the seismic imaging of its Bacalhau 3D ocean bottom node (OBN) survey covering 409 sq km currently being acquired in Brazil’s deepwater Santos Basin.The project is already underway at CGG’s Rio de…
Portugal's Galp Energia will sharpen its focus on renewable energy and limit fossil fuel spending to already approved developments, resulting in a 20% cut in five-year capital expenditure, the company said on Wednesday.Oil and gas company Galp is following a broader trend…
Offshore drilling contractor Seadrill said it has secured a four-year firm contract with four one year options for the West Saturn drillship with Equinor Brasil Energia Ltda for work on the Bacalhau field in Brazil.Total value for the firm portion of the contract…
TMC has won a contract to supply the marine compressed air system to the Bacalhau FPSO that Japan's MODEC is building for Equinor. The deal is one of TMC's biggest ever orders.TMC will supply the FPSO’s complete compressed air system consisting of several large offshore screw compressors…
Offshore installation contractor Subsea 7 expects its 2021 results to be adversely impacted by costs associated with the Covid-19 pandemic, including more contagious, new variants of the virus.Despite this, the company expects that revenue in 2021 will exceed the 2020 revenue level…
Norwegian oil firm Equinor has awarded the three largest oilfield services firms, Baker Hughes, Halliburton, and Schlumberger, contracts for drilling and well services on its Bacalhau field in Brazil.The total value of the three contracts is estimated at $455 million…
ARMS Reliability said it has reached an agreement with floating production solutions provider MODEC to assist with optimization and rapid strategy development of asset maintenance management philosophy for MODEC’s newest floating production…
MAN Energy Solutions will supply five radial compressor and two screw compressor trains for the Bacalhau FPSO, under the contract with the Japanese FPSO specialist MODEC.The compressor trains will be installed aboard the FPSO that will be used to produce oil for Equinor at the Bacalhau field…
Crane specialist Palfinger will deliver two wire luffing lattice boom cranes to the largest FPSO vessel ever delivered to Brazil. The FPSO, to be delivered by Japan's Modec, will be deployed at Equinor's Bacalhau field (formerly Carcará), about…
Norwegian company Miko Marine will deliver four cofferdams and water inlet covers for a Modec FPSO being built in China.The FPSO, under construction at the DSIC yard in Dalian, will operate at Equinor's Bacalhau field offshore Brazil.Miko Marine…
Energy industry analysts seem to agree that the future is bright, or at least brighter, when it comes to the contracting activity for the floating production systems, from 2021 onwards after COVID-19 and low oil prices hit the market in 2020…
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