Zupt is mobilizing its 3D Recon V2 subsea imaging system for an inspection campaign in the U.S. Gulf, where the technology will generate high-resolution 3D models to support subsea asset integrity assessments. The deployment follows completion of system integration testing. Ahead of offshore operations, Zupt completed trajectory evaluations, data volume and operational time estimates, and […]
CoreMarine has completed the acquisition of Brazilian offshore services company BravOcean, expanding its subsea construction and project delivery capabilities in Brazil’s deepwater market. BravOcean provides subsea installation support, project management services and specialist personnel for complex deepwater subsea, umbilicals, risers and flowlines (SURF) projects in Brazil. CoreMarine said the acquisition will combine BravOcean’s local presence […]
Denholm Pipetech has expanded its Norwegian operations with a new facility and more than NOK 6 million in equipment and upgrades aimed at supporting oil and gas activity across the Norwegian Continental Shelf (NCS) and North Sea. The flow remediation specialist has moved into a 950-sq-m facility in Sandnes featuring six offices, workshop facilities and […]
Petrobras has signed production-sharing contracts (PSCs) for eight offshore exploration blocks in Côte d’Ivoire, establishing a significant operated position along the African Atlantic margin. The agreements cover blocks CI-513, CI-600, CI-601, CI-602, CI-603, CI-605, CI-701 and CI-702. Petrobras, through wholly owned subsidiary Petrobras Netherlands B.V. (PNBV), will operate the blocks with a 90% interest, while […]
Continental Resources has signed a memorandum of understanding (MOU) with Venezuela’s state-owned PDVSA to operate and develop the Ayacucho 2 block in the Orinoco Oil Belt, marking the U.S. independent’s entry into Venezuela. The 126,000-acre block in Anzoátegui state is estimated by Continental to contain approximately 30 billion barrels of oil resource in place. Continental […]
Petrobras has awarded Strohm B.V. and its Brazilian subsidiary a contract to supply thermoplastic composite pipe (TCP) for water injection and gas lift applications in Brazil’s deepwater post-salt province. The TCP will be deployed in water depths of up to 1,500 meters. The contract also covers qualification testing, project engineering, field services and support […]
Global oil markets may be pricing a faster recovery in war-damaged refining capacity than physical repair timelines support, with significant disruptions potentially extending into late 2027, according to new analysis from Enverus Intelligence Research (EIR). EIR estimates approximately 7 MMbpd of Middle Eastern and Russian refining capacity is currently damaged or constrained as wars in […]
The U.S. House of Representatives has passed bipartisan legislation designed to improve access to Transportation Worker Identification Credential (TWIC) cards, a move the National Ocean Industries Association (NOIA) says could help address workforce needs in the maritime and offshore energy industries. H.R. 5109, known as the TWIC Efficiency (TWICE) Act, passed the House by […]
BKV Corp. has completed its previously announced acquisition of Barnett shale upstream, midstream and carbon capture assets, adding more than 65 MMcfe/d of production and approximately 117,000 net acres to its Texas portfolio. The transaction closed Sept. 15 following the satisfaction of customary closing conditions. Financial terms were not disclosed. BKV funded the acquisition […]
Shape Digital has expanded deployment of its artificial intelligence-powered flare monitoring technology to 10 MODEC FPSOs in Brazil following a successful pilot, targeting reductions in unplanned gas flaring and improved offshore operating efficiency. The company’s Shape Lumen platform analyzes data across an asset’s oil, gas and water production systems to identify the root causes […]