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(OE) Samsung Heavy Industries (SHI) and Equinor have signed a preferred supplier agreement for floating structures for the 750 MW Bandibuli offshore wind project being developed in South Korea. The supplier agreement for the fabrication and marshalling of the floating substructures for Bandibuli’s wind turbines was signed by SHI and Equinor on August 7, 2024.... Continue Reading →
Barry Parker, Contributor of bdp1 Consulting Ltd (OE) Early 2024 saw a group of financial deals that have implications, in a broad sense, for how offshore wind projects may be financed. While offshore wind projects might be thought of as being in the ‘utility finance’ basket, they are ultimately high-risk deals that might better suit the... Continue Reading →
Camorim announces the July 2024 contract with Petrobras, in partnership with GranEnergia, for the operation of the Sayan Polaris vessel. The contract, worth approximately USD 60 million, will last for 2 years, where the Sayan Polaris vessel will act as an accommodation and personnel transfer unit for the Petrobras units that will be served during... Continue Reading →
(OE) Danish offshore wind installation firm Cadeler has signed a preferred supplier agreement to secure vessel capacity with an undisclosed client, to transport and install offshore wind turbines. The installation campaign is due to commence in 2029 for an undisclosed client and project.t The effectiveness of the agreement is contingent upon the client’s success in... Continue Reading →
Ta San Shang Marine Co. Ltd. (TSSM), the joint venture between Mitsui O.S.K. Lines, Ltd. of Japan, and Ta Tong Marine Co., Ltd. of Taiwan, has ordered a second Damen CSOV (Commissioning Service Operation Vessel) 9020. With a delivery date planned for end 2026, TSSM will deploy the new vessel in Taiwanese offshore wind farms.... Continue Reading →
(OE) CIMC Raffles, a subsidiary of CIMC Group, has secured engineering, procurement, and construction (EPC) contracts from Seatrium for the supply of the hulls for two floating production storage and offloading (FPSO) units being built for Brazil’s national oil and gas company Petrobras. With the latest agreement, CIMC Raffles has previously delivered two and is... Continue Reading →
(Offshore-energy.biz) Brazil is poised to become a significant player in the global ship recycling market, the NGO Shipbreaking Platform said. With the country’s extensive coastline and robust maritime industry, many existing facilities, primarily engaged in shipbuilding and repair, have the potential to expand into recycling, according to the NGO. Professor Newton Pereira from the Federal Fluminense University... Continue Reading →
Wilson Sons, a leader in port and maritime logistics in Brazil, has resumed, this month, the docking of offshore supply vessels at its shipyards in Guarujá, in the Port of Santos (São Paulo), the largest port facility in Latin America. The PSV (Platform Supply Vessel) Zarapito, owned by Wilson Sons Ultratug Offshore (WSUT, a joint... Continue Reading →
Principle Power has signed a non-exclusive Memorandum of Understanding (MoU) with HSG Sungdong to cooperate on engineering developments for mass production and assembly of WindFloat® technologies. The agreement furthers the development of a sustainable domestic supply chain in South Korea and supports the country's ambition to achieve 14.3 GW of offshore wind capacity by 2030.... Continue Reading →
SBM Offshore is pleased to announce that it has completed the acquisition of the shares in the lease and operating entities related to FPSOs N’Goma, Saxi Batuque and Mondo from its partner Sonangol EP. Simultaneously, SBM Offshore completed the sale of all its shares in the parent company of the Paenal shipyard in Angola to... Continue Reading →
Brazil Energy Insight 