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(offshoreWIND.biz) DNV and American Bureau of Shipping (ABS) have issued an Approval in Principle (AiP) for Wison New Energies’ w.TLP and w.semi floating offshore wind foundation technology. In June, the company’s W.TLP foundation, designed for 12 MW turbines, was granted AiP certification by ABS. Featuring a tension leg platform (TLP) configuration, the design addresses the... Continue Reading →
(OE) Energy services firms Saipem and Subsea7 have signed a binding merger agreement to create a leading energy services company under the name of Saipem7, which will have a combined backlog of over $50 billion. The binding merger agreement follows the memorandum of understanding the companies signed in February 2025. Completion of the proposed merger... Continue Reading →
(Reuters) -Oilfield services provider Baker Hughes surpassed Wall Street expectations for second-quarter profit on Tuesday, helped by robust demand for its natural gas services even as it warned of a drop in spending by oil producers. Baker Hughes joined its U.S. rivals Halliburton and SLB in warning of a slowdown in upstream activity and spending,... Continue Reading →
Saipem achieved a semester of further growth, confirming the constant progression in operating and financial performance over the last three years which enabled, in the month of May, the distribution of the largest dividend in the company's history. Revenue stood at USD$8.47 billion (€7.2 billion), and EBITDA reached USD$898 million (€764 million), the latter growing... Continue Reading →
(OE) The world’s most powerful direct-drive floating offshore wind turbine, rated at 17 MW and co-developed by Dongfang Electric Corporation and China Huaneng, has been rolled out in China. With the highest single-unit capacity and the largest rotor diameter globally, the milestone marks a new breakthrough in China’s offshore wind power equipment manufacturing and provides... Continue Reading →
(OE) MODEC has entered into a contract with Eld Energy, a Norwegian fuel cell system company, to design and manufacture a solid oxide fuel cell (SOFC) system pilot unit intended for installation on one of the MODEC-operated floating production, storage and offloading (FPSO) units. In February 2025, MODEC awarded a feasibility study contract to Eld... Continue Reading →
(offshore-energy.biz) U.S. subsea engineering and applied technology firm Oceaneering International has secured a contract with an affiliate of U.S. energy major ExxonMobil to provide remotely operated vehicle (ROV) services and integrated solutions at an offshore block in Angola. Oceaneering Angola and Oceaneering Marine Technologies have been awarded a contract by Esso Exploration Angola (Block 15)... Continue Reading →
(OE) Some offshore wind turbine (OWT) support structures may fall short of required fatigue life expectations, according to a new Lloyd’s Register (LR) report, which also pinpointed reliability-based inspection as one of the measures to manage fatigue-driven risks in such structures. The case study evaluated a North Atlantic offshore wind farm of 60–70 turbines, with the... Continue Reading →
ABS has issued an Approval in Principle (AIP) to Hanwha Ocean for its semi-submersible floating offshore wind turbine design, named WindHive 15-H3, which can support 15 MW wind turbines. The AiP from ABS follows the Approval in Principle that the South Korean company secured for its floater from DNV at the beginning of this year. The... Continue Reading →
(TN) Brazilian and Chinese shipyards are signing memorandums of understanding to develop technological and commercial partnerships at the Strategic Forum for the Brazil-China Shipbuilding Industry in Rio de Janeiro. The event is a follow-up to President Luiz Inácio Lula da Silva's state visit to China in May. Petrobras and Transpetro are participating in the event... Continue Reading →
Brazil Energy Insight 