(Source: Oceaneering)
Oceaneering International secured two contracts with Petrobras through a competitive bidding process to supply 362 km of umbilical manufacturing products for projects offshore Brazil.
Products supplied will include steel tube and thermoplastic electro-hydraulic umbilicals and associated subsea distribution hardware.
The expected net revenue of the contracts is expected to be between $120 million to $183 million.
"The award of these major contracts reinforces our confidence in the durability and commitment of our customers to the resurgent deepwater markets," Roderick Larson, president and CEO of Oceaneering, said in the companies' press release. "It further demonstrates Oceaneering’s position as a trusted provider with the ability to deliver quality work in a safe and timely manner. This advances the leading-edge position of our Brazilian manufacturing operation and we look forward to supporting Petrobras on these projects."
Recommended Reading
ADNOC, Carlyle Offer $18.8B for Australia’s Santos Ltd.
2025-06-15 - Santos Ltd. has received a final, non-binding offer from a consortium led by Abu Dhabi National Oil Co., or ADNOC, that represents a 28% premium over the company’s June 13 closing price.
Continental Prepares Full-Scale Ramp Up in Powder River’s Niobrara
2025-06-15 - With “several billion barrels of resources” left untapped in the Powder River Basin, Continental Resources is nearing full-scale development of the Niobrara Shale in Converse County, Wyoming, executives told Hart Energy in an exclusive interview.
Exclusive: Energy Transfer on Ethane Export Leadership Despite Trade Tensions
2025-06-15 - Tom Long, Energy Transfer co-CEO delved into the company’s pipeline progress and challenges and its ethane market leadership despite tariffs in this Hart Energy Exclusive interview.
Kissler: Will Tariffs Continue to Drive Energy Markets?
2025-06-15 - Even as trade concerns ease, geopolitical tensions are still a risk.
Paisie: How Spiraling Iran Conflict Could Jolt Oil Prices
2025-06-15 - A desperate Iran could disrupt the flow of oil in the Strait of Hormuz, which would boost prices, says Stratas Advisors.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.