Karoon’s revised resource assessment at oil discovery off Brazil seen as ‘good step forward’

Australia’s oil and gas company Karoon Energy has updated its contingent resource estimates for a field offshore Brazil. This is expected to facilitate the technical and commercial feasibility studies for a potential development, which are currently underway. Karoon added the Neon oil discovery option in May 2022 to the rig it hired in April 2021. Following the Patola completion activities, the Maersk Developer rig,... Continue Reading →

July 11, 2023 0

Oil and Gas Firms Set to Spend $58 Billion on Well Intervention in 2023 – Rystad

Oil and gas companies are set to spend $58 billion on well intervention – a way to extract additional resources from an existing well instead of drilling a new one – in 2023, the Norwegian energy intelligence group Rystad Energy said. Rystad Energy said its modeling showed this is just the start of a surge... Continue Reading →

July 10, 2023 0

French Companies to Form Floating Offshore Wind Joint Venture

France’s BW Ideol and its compatriot ADEME Investissement have entered into a final agreement for a funding injection to set up a new floating offshore wind company. Under the contract, BW Ideol will transfer its co-development project portfolio to BW Ideol Projects Company with ADEME investing an initial EUR 17.85 million at the first financial... Continue Reading →

July 6, 2023 0

Sevan Unveils Concrete Construction Option for Its Floating Wind Foundation

(OE) Offshore engineering and design company Sevan, best known for designing cylindrical offshore facilities such as FPSOs and offshore rigs, and which in 2021 announced entry in the floating wind game with its SWACH floating wind foundation design, on Tuesday unveiled a concrete construction option for SWACH Wind. "In addition to its traditional steel construction... Continue Reading →

July 4, 2023 0

HLP’s Jacket Loading Approach Promises up to 60% Reduction in Offshore Wind Farm Logistics Costs

(OE) Adopting a new approach to marshaling and load-out of wind farm jackets could cut logistics costs for project developers by as much as 60%, according to Heavy Lift Projects (HLP). HLP is an offshore wind farm logistics firm set up in 2021 to "to bring a fresh approach to offshore wind farm logistics at a... Continue Reading →

July 3, 2023 0

ABS Issues Safety, Technical Guideline for Floating Offshore Wind Substations

The American Bureau of Shipping (ABS) has published requirements addressing safety and technical standards for floating offshore wind substations in what has been described as an industry first. Together with input from offshore wind project developers, original equipment manufacturers (OEMs) of substations, and transportation and installation (T&I) companies, ABS developed the Requirements for Offshore Substations and... Continue Reading →

July 3, 2023 0

Seaway 7 Secures “Very Large” Contract for East Anglia THREE Offshore Wind Farm Installation

(OE) Seaway 7, an offshore wind installation subsidiary of Subsea 7, has secured a "very large" contract with ScottishPower Renewables for the transport and installation of the foundations and inner-array cables for the East Anglia THREE offshore farm in the UK. Subsea7 defines a very large contract as being between USD 500 million and USD... Continue Reading →

June 30, 2023 0

World’s First 16MW Offshore Wind Turbine Installed Offshore China

(OE) China Three Gorges Corporation said Wednesday it had installed the world's first 16MW offshore wind turbine, off the coast of Fujian, China. The news was also confirmed by the wind turbine maker Goldwind, which said: “On June 28, Goldwind successfully hoisted the GWH252-16MW offshore wind turbine in Pingtan, China. The turbine, which set the... Continue Reading →

June 29, 2023 0

Saipem Secures $1B in New Contracts for Offshore Activities in Middle East and Subsea Drone Project in Brazil

Saipem has been awarded two new contracts, one for EPCI offshore activities in the Middle East and the other for the development of underwater drones in Brazil. The total value of the new contracts is approximately $1 billion. Under the existing Long-Term Agreement (LTA) with Saudi Aramco, Saipem has been selected for a new offshore... Continue Reading →

June 29, 2023 0

European wind developers play down Siemens Gamesa turbine troubles

(Reuters) - Major wind power developers including Iberdrola (IBE.MC), RWE (RWEG.DE) and Orsted (ORSTED.CO) played down the impact of potential problems with Siemens Gamesa onshore wind turbines. Siemens Gamesa parent Siemens Energy (ENR1n.DE) last week said problems with its more recent onshore platforms could affect up to 15-30% of its installed turbines worldwide, triggering a 37% fall in its share price. It warned... Continue Reading →

June 28, 2023 0

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