Helix Energy Solutions to Buy Alliance Companies to Boost Presence in Gulf of Mexico Decommissioning Space

U.S.-based offshore oil and gas services firm Helix Energy Solutions Group is set to buy equity interests of Louisiana-baed Alliance group of companies for $120 million cash at closing, plus the potential for post-closing earnout consideration. Alliance is a Louisiana-based privately held company that provides services supporting the upstream and midstream ‎industries in the Gulf... Continue Reading →

May 17, 2022 0

Department of Energy to boost investment in U.S. offshore wind development

(WO) — The offshore wind sector has made huge strides over the last year, putting the industry on track to achieve President Joe Biden’s goal of reaching 30 gigawatts of offshore wind generation by 2030. To ensure its success, the U.S. Department of Energy (DOE) is allocating funds and programs to the development of projects... Continue Reading →

May 9, 2022 0

U.S. Provides Guidance on Jones Act Application to Offshore Wind Farms

With efforts accelerating to develop offshore wind farms, there remain many unresolved questions on the scope of U.S. cabotage laws and how specifically the Jones Act will be applied to the construction of the wind farms. While the U.S. has said that it will apply the regulations in a similar fashion to their previous applications... Continue Reading →

April 28, 2022 0

Ocyan signs decommissioning contract with Petrobras

(PetroleoHoje) Ocyan signed a contract with Petrobras for the removal of flexible and umbilical ducts from the Cidade do Rio de Janeiro, Cidade de Rio das Ostras and Piranema FPSOs, located in the Campos and Sergipe-Alagoas basins. Ocyan had submitted the lowest bid in the state-owned company's tender, with a value below R$900 million. The... Continue Reading →

March 30, 2022 0

Helix and Trident agree on contract extension for decommissioning services in Brazil

Helix Energy Solution has secured a one-year contract extension with Trident Energy for field decommissioning services offshore Brazil. The project, located in the Pampo and Enchova Clusters in the Campos Basin, is expected to commence late this year for a period of two years with multiple options to extend. Helix will provide a riser-based well intervention... Continue Reading →

March 17, 2022 0

Acteon’s Claxton to Acquire Oceaneering’s Decommissioning Personnel and Assets

Claxton, a brand within Acteon’s drilling and decommissioning segment, has agreed to acquire decommissioning personnel and assets from Oceaneering. From the anticipated closure date of March 30, 2022, certain Oceaneering staff based in Norway will transfer to Claxton, along with decommissioning assets including well and pile abrasive cutting and recovery systems and associated tooling. Conductor... Continue Reading →

March 16, 2022 0

Brazil: Trident taps Helix for long-term field decommissioning in Campos Basin

Helix Energy Solutions has secured a long-term field decommissioning contract with Trident Energy for the Pampo and Enchova clusters in the Campos Basin, Brazil. Helix will provide a riser-based well intervention vessel, either Siem Helix 1 or Siem Helix 2, a 10k Intervention Riser System, project management and engineering services and, in conjunction with its Subsea Services Alliance partner Schlumberger, fully integrated... Continue Reading →

February 16, 2022 0

BW Offshore to Recycle FPSO BW Cidade de São Vicente

(OE) FPSO leasing company BW Offshore has decided to recycle the FPSO BW Cidade de São Vicente. The company said it had signed an agreement with Priya Blue Industries yard in India to recycle the FPSO in compliance with Hong Kong Convention. The convention, adopted in 2009, is aimed at ensuring that ships when being... Continue Reading →

February 9, 2022 0

Petrobras and Ocyan Concluded the Negotiations for Decommissioning Services

(PetroleoHoje) Petrobras and Ocyan concluded the negotiations for contracting the decommissioning service for the remaining subsea structures of the FPSOs Cidade do Rio de Janeiro, Cidade de Rio das Ostras and Piranema. The final price agreed was below US$ 900 million, compared to the original value of US$ 960 million, which resulted in the supplier... Continue Reading →

January 31, 2022 0

TGS, Cognizant to roll out data ecosystem for renewable energy players

Norwegian seismic player TGS and American IT services company Cognizant have expanded their partnership to build a digital platform for delivering comprehensive data to energy companies. As described, the SaaS-based New Energy Solutions (NES) ecosystem will focus on bringing comprehensive data and insights to energy companies across five segments: carbon storage, geothermal, deep-sea minerals, wind... Continue Reading →

December 28, 2021 0

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