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(OE) Energy services firms Saipem and Subsea7 have reached an agreement on the key terms for possible merger of the two companies under one unit to be named Saipem7, whose combined backlog would be over $45 billion. Saipem and Subsea7 shareholders will own 50% each of the share capital of the combined company, whose revenue... Continue Reading →
(offshreWIND.biz) The sea trials have commenced and are in progress for Charybdis, the first Jones Act-compliant wind turbine installation vessel (WTIV), built in the US. Under construction at Seatrium’s AmFELS shipyard in Brownsville, Texas, the vessel also recently completed the jacking trial and main crane load testing. Commissioned by Dominion Energy, the vessel is 96 per... Continue Reading →
(oilnow.gy) SBM Offshore is working to lay the foundation for capacity building and local content development in Suriname as it looks towards delivering the first FPSO for TotalEnergies’ Gran Morgu project, set to begin production in 2028. Pierre Gaté, Country Entry-Manager of SBM Offshore Suriname, said the company is leveraging its early presence to maximize... Continue Reading →
(OE) SBM Offshore and Petrobras have signed an agreement to study the application of carbon capture modules on floating production, storage, and offloading (FPSO) units. The module design is based on an engineering and design study between SBM Offshore and Mitsubishi Heavy Industries (MHI), qualified by DNV. It is based on a combination of MHI’s... Continue Reading →
(OE) Kongsberg Maritime has unveiled a range of innovative methods designed to transform and industrialize the transportation and installation (T&I) of floating offshore wind turbines. The new solutions have been developed to streamline the entire process, from anchor and mooring installation through to electrical cable pull-in, ensuring that turbines are ready to be connected to... Continue Reading →
(offshore-energy.biz) U.S.-headquartered energy technology giant Baker Hughes has launched an all-electric subsea production system, marking a step towards full electrification in offshore operations. According to Baker Hughes, the system delivers a fully electric topside-to-downhole solution, designed to integrate with existing subsea tree designs or retrofit electro-hydraulic trees. The move aims to slash costs, installation time,... Continue Reading →
(offshoreWIND.biz) The American Bureau of Shipping (ABS) has issued a statement of maturity, the latest stage in new technology qualification, for the floating wind platform design developed by the US-based floating wind technology company Aikido Technologies. ABS says that as part of the process, it witnessed an upending demonstration of Aikido One, a 1:4 scale... Continue Reading →
MODEC and Toyo Engineering have jointly obtained an Approval in Principle (AiP) from ABS for a Blue Ammonia FPSO that will produce ammonia from the gas supplied by a traditional FPSO located nearby. Blue ammonia is produced from hydrocarbons where the CO2 emitted during production is sequestrated. The Blue Ammonia FPSO will use gas which... Continue Reading →
(OE) Enova, owned by the Norwegian Ministry of Climate and Environment, has awarded a grant of $107 million to Norway-based Wind Catching Systems for the deployment of a Windcatcher multi-turbine floating wind demonstrator. The $107 million has been awarded to Wind Catching Systems’ subsidiary Wind Catching Demo for the deployment of a commercial demonstrator unit... Continue Reading →
(Reuters) - Halliburton on Wednesday warned of softer activity in North America this year even as the oilfield giant beat analysts' estimates for fourth-quarter profit helped by higher demand for drilling and pressure pumping services in the North Sea and Asia. The tepid outlook echoed that of rival Schlumberger, who flagged a flat 2025 revenue as... Continue Reading →
Brazil Energy Insight 