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(Offshore-energy.biz) Brazil is poised to become a significant player in the global ship recycling market, the NGO Shipbreaking Platform said. With the country’s extensive coastline and robust maritime industry, many existing facilities, primarily engaged in shipbuilding and repair, have the potential to expand into recycling, according to the NGO. Professor Newton Pereira from the Federal Fluminense University... Continue Reading →
Four new challenges, which aim to push the boundaries of innovation in floating offshore wind, have been launched in the NOW Accelerator programme. Presented by industry players Vattenfall and Seagust, Equinor, Deep Wind Offshore and EDF Renewables, and Å Energi and Corio, the four new challenges are part of the NOW Accelerator programme by Norwegian... Continue Reading →
(TN) EIG, a leading American global fund in the energy and infrastructure sectors, and Lake Capital Investimentos, the resource management division of Lakeshore Partners, focused on the energy and infrastructure sectors, announced to the market that they have completed the acquisition of Ocyan Partipações S.A. ( "Ocyan" or "Company"), a Brazilian provider of solutions for... Continue Reading →
(OM) Acteon Group, an offshore energy infrastructure services business, has been acquired by private equity investors Buckthorn Partners and One Equity Partners (OEP). With this business investment, Buckthorn and OEP said they aim to "improve Acteon’s standing with suppliers and customers and enable it to compete even more strongly in its core markets." The investors’ said... Continue Reading →
Dear shareholders and investors, I am very proud to address you today, not only in light of the excellent economic and financial results we are disclosing, but especially because I am convinced that we are building a Petrobras which is more solid, more resilient and able to generate long-term value to its partners and to... Continue Reading →
(Offshore-energy.biz) After another year of active tendering, Subsea7 secured $7.4 billion of contract awards in 2023, taking its backlog to $10.6 billion, a year-end level last seen in 2013. In its full-year 2023 financial report, Subsea7 reported revenue of $6 billion, an increase of $838 million or 16% compared to the prior year, said to... Continue Reading →
(OM) The start of 2024 marks a period where the “readjustment” of the US wind segment is becoming more apparent, according to recent analysis from market analysis firm Intelatus Global Partners. At a federal level, nearly nine gigawatts (GW) of lease potential in the Central Atlantic and Oregon have passed further hurdles to be auctioned... Continue Reading →
(OE) U.S.-based oil and gas services firm Helix Energy Solutions has secured the extension of its decommissioning contract with Trident Energy for work offshore Brazil. The contract extension is for an additional 12 months and in direct continuation of the current contract. The extension is expected to begin in the fourth quarter of 2024 at... Continue Reading →
(OE) Decom Engineering has completed the first deployment of its largest subsea Chopsaw to date, achieving substantial time savings of almost 300% on a decommissioning job in the North Sea. Following the $1.2 million (£1 million) investment to develop its largest subsea Chopsaw yet - the C1-46 - the Northern Ireland-based offshore decommissioning technology firm... Continue Reading →
(OW) The Dutch offshore wind foundation manufacturer, Sif, and its compatriot Ballast Nedam have signed a memorandum of understanding (MoU) as part of the process of developing a joint venture that specialises in the decommissioning of obsolete and aged offshore wind farms. Named BNS Decom, the joint venture intends to serve as the ultimate, turnkey solution provider for asset... Continue Reading →
Brazil Energy Insight 