Oil Majors Oppose Subsea7-Saipem Merger in Brazil
Oil majors operating in Brazil have closed ranks to oppose a proposed merger between energy contractors Subsea7 and Saipem, and antitrust agency Cade has asked the two firms to provide its probe with new data on Friday, public documents seen by Reuters show.The resulting new firm, to be called Saipem7, would have a strong enough position to impose additional costs, delay projects and pressure some clients into exclusive long-term contracts, Brazil oil industry group IBP said in a November filing to Cade.On Friday…
Floating Surf Platform Coming to Hamburg
If you've ever longed to ride a long board along the banks of the Elbe River, your chance is coming in 2026.In a groundbreaking move, MEYER Floating Solutions won the construction contract for Floating Wave, a first-of-its-kind floating surf platform designed to bring an authentic surfing experience to urban centers.Developed by the Hamburg-based company Floating Wave, the platform is set to be installed in Fischereihafen, effectively transforming underutilized harbor areas into a vibrant hub for sports, recreation, and tourism.
DOF Subsea to Help VAALCO with FPSO/FSO Swap Offshore Gabon
Oil and gas company VAALCO Energy has hired DOF Subsea to perform subsea construction and installation services offshore Gabon, where the company operates the Etame field.The contract is for the support of the subsea reconfiguration associated with the replacement of the existing Floating Production, Storage and Offloading unit (“FPSO”) with a Floating Storage and Offloading vessel (“FSO”) at the offshore field.VAALCO in 2021 said it had struck a charter deal with the FSO owner World Carrier Offshore Services Corp for the Cap Diamant, a double-hull crude tanker built in 2001, which will be converted to an FSO for operations at the Etame field.By deploying the FSO at the field…
