The COVID-19 pandemic has been devastating for the seismic industry for several quarters, keeping nearly half of its global fleet inactive – until recently. A Rystad Energy report shows that the seismic fleet’s hibernation is […]
TechnipFMC and its joint venture (JV) partner DOF Subsea have been awarded significant long-term charter and services contracts by Petrobras for the pipelay support vessels Skandi Vitória and Skandi Niteroi. The Brazilian-built and flagged vessels […]
MODEC, Inc. has announced that the FPSO Carioca MV30, deployed for operations in the Sépia field in the pre-salt region of the Santos Basin off the coast of Brazil, achieved first oil production on August […]
Strohm has announced a game-changing joint industry programme (JIP) with Petrobras and Shell for its Thermoplastic Composite Pipe (TCP) Flowline and Riser technology. The contract, which Strohm values as sizeable, has the potential to revolutionise […]
A pair of floating production, storage and offloading (FPSO) vessels now under construction for Petrobras are to be built to ABS Class. The sister FPSOs, currently named P-78 and P-79, underline ABS’ continued leadership in […]
Oil and gas contract activity declined following the relatively stable activity in Q1 2021, with the industry recording a 7% decrease in the number of contracts and a significant decrease in disclosed contract value in […]
Petrobras has awarded Fugro a 3-year contract for subsea inspection, repair and maintenance (IRM) services in Brazil. The contract is set to begin in Q4 2021 and will be accomplished from the Fugro Aquarius using […]
ABS has brought together leading companies in the Floating Production Storage and Offloading (FPSO) sector to address the safety challenges produced by a fleet where more than half of the ship type vessels are over […]
Brazil alone is expected to contribute around 23% or 1.3 million barrels per day (mmbd) of global crude oil and condensate production in 2025 from key offshore planned and announced projects (new-build projects) that are […]
Τhe FPSO market is booming this year, with more contracts awarded in the second quarter of 2021 than during the full year 2020. Rystad Energy expects FPSO awards to reach a total of 10 units […]
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