171 results found for 'magma '

171 results found for 'magma '
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  • With Brazilian oil project approved, BW Energy sets sights on doubling output by 2028

    5 May 2025
    Business & Finance, Business Developments & Projects

    Oslo-listed oil and gas E&P player BW Energy has taken the final investment decision (FID) for a development in the Campos Basin field offshore Brazil. The project will encompass an integrated drilling and wellhead platform (WHP) and a refurbished floating production storage and offloading (FPSO) unit.

  • Seventh FPSO prepares to join Petrobras’ Santos Basin field

    30 June 2025
    Business Developments & Projects, Project & Tenders

    A sailaway ceremony has been held to mark the departure of a floating production storage and offloading (FPSO) unit from Seatrium’s yard in Singapore to a field offshore Brazil operated by the country’s state-owned energy major Petrobras.

  • TGS wraps up basin seismic survey to improve imaging of volcanic region

    12 May 2025
    Business Developments & Projects, Environment, Exploration & Production, Operations & Maintenance, Project & Tenders, Research & Development

    Norway-based energy data and intelligence player TGS has completed the seismic survey in Norway’s Vøring Basin as part of a two-year campaign to advance exploration in the complex volcanic region on the mid-Norwegian continental margin. According to TGS, the survey covers approximately 8,000 square kilometers and builds on the earlier Aasta Hansteen project. It used […]

  • 2012-built rig at designated spot: Petrobras sets the stage to secure go-ahead for drilling ops

    19 August 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Regulation & Policy

    Following the arrival of a drillship at its drill site, Brazil’s state-owned oil and gas giant Petrobras is getting ready to embark on the pre-operational assessment, as the final stage of the licensing process for drilling a deepwater well in Amapá.

  • Petrobras makes a play for offshore acreage in Côte d’Ivoire

    5 June 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Regulation & Policy

    Petrobras has taken steps to secure offshore assets in Côte d’Ivoire, also known as Ivory Coast, by handing over a declaration of interest for exploration blocks in this country, which is located on the west coast of Africa.

  • BW Offshore’s arbitration saga with Brazilian firm ends in settlement

    3 April 2025
    Authorities & Government, Business Developments & Projects, Regulation & Policy

    Norwegian FPSO operator BW Offshore has reached an arbitration settlement with Prio Comercializadora, previously known as Petro Rio O&G Exploração e Produção de Petróleo, concerning a floating production, storage, and offloading (FPSO) vessel.

  • Petrobras, Shell, and Exxon among majors securing fresh offshore acreage in Brazil’s latest oil & gas round

    18 June 2025
    Business Developments & Projects, Project & Tenders

    Nine companies have won exploration rights for several offshore blocks on offer at the 5th Permanent Concession Offer Cycle held by Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP).

  • In a further blow to Russia’s shadow fleet, EU now requires all vessels to be insured

    28 April 2025
    Authorities & Government, Infrastructure, Regulation & Policy, Rules & Regulation, Vessels

    Intensifying its efforts to crack down on Russia’s shadow fleet, the European Union has adopted another measure.

  • Brazilian giants Vale and Petrobras test biofuel blend on bulk carrier

    25 April 2025
    Business Developments & Projects, Collaboration, Green Marine, Infrastructure, Outlook & Strategy, Research & Development, Vessels

    Brazilian mining company Vale and compatriot oil and gas giant Petrobras have formed a commercial partnership to test a biofuel blend with 24% second-generation biodiesel on a Vale-chartered ship.

  • Oil field’s production ramp-up on the horizon as Petrobras welcomes new FPSO

    6 March 2025
    Business Developments & Projects, Vessels

    Brazil’s state-owned oil and gas giant Petrobras has welcomed a floating production, storage, and offloading (FPSO) vessel owned by the Netherlands-based SBM Offshore destined to work at one of its fields in the country’s pre-salt Santos Basin.

  • Petrobras secures $1.1B loan for decarbonization initiatives

    21 February 2025
    Business & Finance, Business Developments & Projects

    Brazil’s energy giant Petrobras has signed two credit notes and a memorandum of understanding (MoU) with the Banco do Brasil (BB) aiming to fund and promote initiatives related to sustainability and energy transition.

  • JDR, Magma to Collaborate on New Solutions

    3 May 2017
    Project & Tenders, Research & Development

    JDR has signed a memorandum of understanding (MoU) with Magma Global (Magma), the manufacturer of carbon fibre and Victrex PEEK thermoplastic composite pipe, m-pipe. The signing, which took place at the Offshore Technology Conference in Houston, marks the start of a collaboration that will combine JDR’s subsea cable and umbilical technologies with Magma’s composite pipe […]

  • TechnipFMC, Magma working on flexible pipe development

    23 March 2018
    Equipment

    Oilfield services provider TechnipFMC  will cooperate with Magma Global Ltd. to develop a new generation of hybrid flexible pipe (HFP) for use in offshore applications. According to a statement on Friday, HFP is expected to provide increased strength and fatigue performance, while also achieving “dramatic” weight and cost reductions, for subsea fluid transport applications. As […]

  • Magma Gets $60 Mln Boost

    6 October 2015
    Business & Finance, Equipment, Research & Development

    Magma Global, manufacturer of m-pipe, has raised $60 million from Strategic Industrial Capital Partners (SICP) and existing investors to support its growth plans. According to Portsmouth-based company, the proceeds of the investment round will be used for the expansion of Magma’s manufacturing capability and to provide additional working capital to support its rental business. Magma’s m-pipe […]

  • Magma Names New VP Commercial (Houston)

    22 April 2015
    Business & Finance, Equipment

    Portsmouth-based, Magma Global, has appointed Matthew Massey as VP Commercial for its Houston office. With previous roles with Lloyd’s Register, InterMoor and Quest Offshore, Matthew brings more than ten years of senior sales and business development expertise to Magma Global. Charles Tavner, Magma’s Commercial Director, commented: “Magma’s key focus is delivering operational cost and risk reduction […]

  • Magma and Shawcor Team Up on m-pipe Insulation

    12 March 2019
    Business & Finance, Equipment, Research & Development

    Magma Global has recently added Shawcor’s Thermotite ULTRA insulation to its m-pipe offering. It will be primarily used to improve flow by maintaining the temperature of production fluids. Additionally, the insulation material can be adjusted to add weight or buoyancy to manage stability of the pipe in the water column, Magma explained. The insulated product […]

  • TechnipFMC and Magma Team Up on Hybrid Flexible Pipes

    23 March 2018
    Business & Finance, Equipment, Research & Development

    TechnipFMC has agreed the terms of a collaboration agreement with Magma Global to develop a new generation of hybrid flexible pipe (HFP) for use in offshore applications. HFP is expected to provide increased strength and fatigue performance, while also achieving weight and cost reductions, for subsea fluid transport applications. As part of the collaboration, TechnipFMC […]

  • MDL and Magma Present New Well Intervention System

    11 May 2016
    Business & Finance, Equipment, Operations & Maintenance

    Maritime Developments (MDL) has delivered a new flexible pipe deployment and retrieval system for Magma Global, which is, reportedly, set to reduce the costs and risks of light well intervention for the offshore oil industry. The m-IDP (integrated deployment package) was unveiled at the company’s assembly and testing facility in Peterhead, at a client open […]

  • Oil & Gas UK CEO Opens Magma Products’ Office

    13 August 2013
    Business & Finance

    Oil & Gas UK chief executive, Malcolm Webb, has officially opened the new Aberdeen offices of oil and gas consultancy Magma Products. Magma, which provides specialist offshore commissioning and start-up services, has grown from a business employing six people in 2011 to one with an 85-strong team today. It has moved from small city centre premises […]

  • TechnipFMC targets composite pipe tech with Magma Global buy

    14 October 2021
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration

    TechnipFMC has completed the acquisition of outstanding shares of Magma Global with an aim to accelerate the development of composite pipe technologies for conventional energy and CO2 applications.

  • BP, Subsea 7 get in pipe development pact with Magma

    14 September 2015
    Equipment

    Magma Global has signed a joint development agreement with BP and Subsea 7 in a project to qualify Magma’s carbon fibre m-pipe as the next generation of subsea pipelines. According to Magma, the programme is also supported by the National Composites Centre (NCC) and Innovate UK, the Government initiative established to support pioneering technologies in […]

  • Tullow orders Magma flowline for TEN field

    9 March 2018
    Business & Finance, Equipment, Project & Tenders

    Tullow Oil subsidiary, Tullow Ghana Limited, has awarded a contract for a 2.5-kilometer flowline to Magma Global for its TEN project in Ghana.

  • Magma Global delivers high-pressure composite riser pipe to HWCG

    17 May 2021
    Business Developments & Projects, Equipment

    Magma Global has delivered the high-pressure composite riser pipe for HWCG’s deployable Offset Flexible Riser (OFR) system.

  • Magma Seeks Engineers for North Sea Projects

    6 July 2012
    Business & Finance

    Magma Products, a leading oil and gas engineering consultancy, has announced it has secured North Sea projects with a potential value of £15m and is looking to recruit engineers. Magma has secured framework agreements with four international oil companies to deliver engineering, commissioning and start-up of projects in the North Sea. The Aberdeen business recently […]

  • UK: Magma Looking for 20 Engineers

    3 May 2012
    Business & Finance

    Magma Products, a leading oil and gas engineering consultancy, has completed a £750,000 move to new offices as it looks to recruit 20 engineers as part of its long-term growth strategy. Aberdeen-based Magma, a North Sea commissioning and start-up specialist, has moved in to 4,150 sq ft premises at The Spires business park in the […]