Shell analyzes offshore wind in Brazil

Shell is already considering the possibility of developing offshore wind farm projects in Brazil, said the company's president in the country, André Araújo, during a webinar held by the British Chamber of Commerce and Industry in Brazil (Britcham) on September 1st.  The executive explained that the company may apply technologies that are being studied abroad... Continue Reading →

Norwegian Offshore Drilling Firm Enters Floating Wind Game

Norwegian offshore oil and gas drilling contractor Odfjell Drilling is stepping out of the comfort zone and into the offshore renewables space. The company, which provides drilling rigs for oil and gas companies, on Thursday announced its investment in Oceanwind AS, a company working on developing harsh environment floating offshore wind turbines. Continue reading

Market Report: Global Heavy Lift Vessel Sector

The global heavy lift vessel market is a difficult place to be. Utilization for the fleet has remained depressingly low since the first oil and gas downturn in 2014, currently hovering around 33% for the global fleet with a lift capacity of over 800 tonnes, according to IHS Markit’s ConstructionVesselBase.   Fixed platform installation work,... Continue Reading →

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