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FutureOn, a Norwegian software company specializing in the energy sector, has joined forces with Rystad Energy to launch a digital tool that integrates up-to-date cost estimation with live project data for energy developments, opening doors to accelerated project delivery and efficiency for companies across the energy supply chain. According to FutureOn, its FieldTwin and Rystad... Continue Reading →
(OE) Norwegian government has offered 24 companies ownership interests in 62 production licenses on the Norwegian shelf in pre-defined areas (APA) 2023, Norway's regulator of the petroleum resources informed. The awards, unveiled on January 16, 2024, mark an increase from previous year, when 47 licenses were awarded, according to Norwegian Offshore Directorate. The authorities reviewed... Continue Reading →
(Reuters) - Norway's state-owned renewable power producer Statkraft on Monday said it plans to invest up to 6 billion euros ($6.56 billion) to upgrade its domestic hydro and wind power facilities and to build new onshore wind farms. The plans would double Statkraft's current output from wind farms and boost the effect of the company's... Continue Reading →
(OE) Norwegian shipbuilder Ulstein Verft has signed contracts with J.P. Morgan Asset Management for offshore wind Construction Service Operation Vessel (CSOV) newbuilds. In 2023, Bernhard Schulte Offshore ordered the design and construction of two such vessels from Ulstein under a contract which included options for two plus two vessels. These options have been transferred to institutional investors... Continue Reading →
(OET) Norwegian owner and operator of LNG carriers and FSRUs Höegh LNG has extended and expanded its services to LNG import terminal Sociedad Portuaria el Cayao (SPEC LNG) in Cartagena, Colombia. Höegh LNG said the agreement with SPEC enables continuity and increase of energy supply through at least 2031, with both companies remaining committed to... Continue Reading →
Aker Solutions has signed a front-end engineering and design (FEED) contract with the Marine Energy Test Centre (METCentre) in Norway to pilot new subsea power system technology which has the potential to reduce costs and complexity of offshore wind farms. The project will see Aker Solutions provide new power transmission technology, Subsea Collector, for the... Continue Reading →
(OET) The oil and gas industry is always on the lookout for ways to boost production levels at offshore fields and gain access to stranded and untapped reserves that are not easy to bring online. Electrification of subsea production systems (SPS) offers the solution to these long-standing issues and constraints while also enabling decarbonization and... Continue Reading →
(OE) The first hybrid Platform Supply Vessel (PSV), which uses batteries and diesel for propulsion, has started operating for Equinor in Brazil. With the battery bank installed, the PSV is able to operate with hybrid propulsion, switching between the use of electricity and diesel. This is expected to reduce emissions by up to 40% during... Continue Reading →
Jesper Skjong, Contributor (OE) As 2023 is drawing to a close we would once again invite the readers of Offshore Engineer Magazine to gaze into our crystal ball to see what 2024 might have in store for the offshore support vessel industry. Before diving straight into our forward-looking sentiments however, it is important to address some... Continue Reading →
(OET) Norwegian seismic company PGS has reflagged the entire fleet of owned vessels to Norway, a move said to have the global geopolitical situation as a driving factor. The reflagging of the Ramform Tethys on December 5 marked the completion of the initiative to bring the entire PGS fleet of owned vessels under the Norwegian flag.... Continue Reading →
Brazil Energy Insight 