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(offshoreWIND.biz) The Norwegian Ministry of Energy has notified the European Free Trade Association’s (EFTA) Surveillance Authority (ESA) of the support model for a floating wind project in the Utsira Nord area and expects to open the tender for the area as soon as ESA has approved the model. The tender will be carried out in... Continue Reading →
(OE) Equinor has established a new business area, combining renewables with its gas-to-power and energy storage units as it aims to capitalize of rising power demand. The announcement comes in response of growing power demand from electrification of society and industry, expansion of artificial intelligence (AI) and data centers, according to Equinor. The new power... Continue Reading →
(OE) Aker Solutions has unveiled three floating wind foundation designs – the YFloat, CONFloat-Omega, and CONFloat-7C – engineered to maximize energy production, simplify construction and reduce maintenance. All three have passive ballast systems and the capability of supporting turbines that are 15 MW and larger. The YFloat is an advanced steel floating substructure meticulously designed to provide... Continue Reading →
(Reuters) Brazilian oil company Petrobras is set to hold a tender for a new production vessel for the country's pre-salt Buzios field in "the next few months," the state-run firm told Reuters on Tuesday. Reuters reported earlier in the day, citing sources familiar with the matter, that the tender would become public in 60 days.... Continue Reading →
(OE) Belgium-based offshore installation services company DEME has signed an agreement to acquire Havfram, an offshore wind installation contract based in Norway, in a deal worth $985.5 million. The strategic acquisition aligns with DEME's ambition to expand its footprint in the offshore wind energy market and enhances its competitive positioning in turbine and foundation installations.... Continue Reading →
SBM Offshore has signed a non-recourse sale and leaseback financing agreement for Cidade de Paraty floating, production storage and offloading (FPSO) unit, for the total amount of $400 million and with a tenor of eight years. The transaction is expected to be completed before the end of April 2025, following the fulfillment of certain closing... Continue Reading →
BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), informs its investors and the market in general the preliminary and unaudited production data for the month of March 2025. (1) Papa-Terra: On April 16, 2024, 3R Offshore exercised, in accordance with the provisions of the Joint Operating Agreement (JOA), the right of compulsory assignment (forfeiture) of... Continue Reading →
(Reuters) Eni will continue to produce gas in Venezuela while engaging with the U.S. administration over a waiver to export oil from the Latin American country as payment for gas, the CEO of the Italian energy group said on Tuesday. Eni has been producing gas in Venezuela for the domestic market since 2022, but it... Continue Reading →
(OE) Hanwha Ocean has held a naming ceremony for its high specification ultra-deepwater drillship Tidal Action, signaling its official entry into the deepwater drilling industry. The Tidal Action is built on Hanwha Ocean’s proprietary design and is capable of drilling at depths of up to 12 kilometers in waters as deep as 3.6 kilometers. The... Continue Reading →
(OE) Shell, through its subsidiaries, has awarded a contract to Stena Drilling for the Mobile Offshore Drilling Unit (MODU) Stena DrillMAX, which will be put to work offshore Suriname. KE STP Company and BG International Limited Suriname Branch, subsidiaries of Shell, have selected Stena DrillMAX for a drilling campaign, expected to start in the second... Continue Reading →
Brazil Energy Insight 