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(OE) Noble Corporation has reported that its contract drilling services revenue for the first quarter of 2025 totaled $832 million compared to $882 million in the fourth quarter of 2024, with the sequential decrease driven primarily by the benefit received in the fourth quarter of 2024 from the Noble Deliverer's early termination fee. Contract drilling... Continue Reading →
(offshore-energy.biz) China-based provider of clean energy services Wison New Energies (WNE) has won a detailed feasibility study (DFS) for a newbuild floating liquefied natural gas (FLNG) facility set to work at a block offshore Suriname operated by Malaysia’s energy giant Petronas. The FLNG unit is slated to work at Block 52, located north of the Surinamese... Continue Reading →
MODEC, Inc. [“MODEC”; TSE: 6269], a publicly listed company on the Tokyo Stock Exchange, and a leading floating solutions provider in the global floating production, storage and offloading (FPSO) industry, has officially opened its new execution center in Kuala Lumpur. This affirms MODEC’s commitment to Malaysia as a strategic hub for regional business operations, innovation,... Continue Reading →
(offshoreWIND.biz) Corio Generation, a standalone portfolio company of Macquarie Asset Management, plans to restructure its offshore wind development business to focus on a smaller portfolio of projects. A spokesperson for Corio Generation said: “Given challenging market conditions in the offshore wind sector, Corio Generation is refocusing its global operations to prioritise the development of a smaller portfolio of... Continue Reading →
(PN)The hull of the platform ship (FPSO) P-80 left the Chinese shipyard CIMC Raffles Offshore and headed to a new stage of the project. The vessel is on its way to the Seatrium shipyard in Singapore, where it will undergo the module integration phase. The platform is expected to enter into operation in the Búzios... Continue Reading →
(OE) Nexif Ratch Energy has been granted Pre-Development Environmental Compliance Certificate (Pre-Dev ECC) for its 500MW San Miguel Bay offshore wind project in the Philippines. The certificate was granted by the Philippines’ Department of Environment and Natural Resources (DENR) in accordance with its administrative order and the Philippine Environmental Impact Statement System (PEISS). The Pre-Dev... Continue Reading →
(OE) Danish wind turbine maker Vestas has secured an order from Copenhagen Infrastructure Partners (CIP) to supply offshore wind turbines for the 495MW Fengmiao I project off the coast of Taichung in Taiwan. The order includes 33 V236-15.0 MW turbines as well as a long-term comprehensive service agreement designed to ensure optimized performance of the... Continue Reading →
(OE) Kanadevia Corporation, Taisei Corporation, and Mitsui O.S.K. Lines (MOL) have signed a memorandum of understanding (MoU) to collaborate on the commercialization of floating offshore wind power generation. Kanadevia and Taisei, which specialize in construction and fabrication of floating foundations, and MOL, which has expertise in towing and mooring them, decided to share their knowledge... Continue Reading →
(OE) China National Offshore Oil Company (CNOOC) has posted an 11.4% net profit growth in 2024, marking a record year of oil and gas production, which has been increased by 7% compared to a year earlier. In 2024, CNOOC recorded a net oil and gas production of 726.8 million barrels of oil equivalent (BOE), a... Continue Reading →
(OE) Offshore accommodation rig provider Floatel International has finalized the sale of semi-submersible accommodation rig Floatel Reliance, which has been in lay-up since April 2016. The firm contract follows the previously announced agreement in principle for the sale of the vessel for continued operational use. The transfer of ownership and settlement is scheduled to take... Continue Reading →
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