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(OET) Subsea 7 has secured what it says is a “sizeable” contract by Shell for the decommissioning of subsea infrastructure offshore Brazil. The contract will see Subsea 7 deliver the decommissioning of subsea infrastructure associated with the FPSO Fluminense in the Bijupirá and Salema fields of the Campos Basin, at 700 meters of water depth.... Continue Reading →
(OE) Japanese FPSO leasing firm MODEC said Thursday that the first steel-cutting ceremony for the Guyana-bound FPSO Errea Wittu had been held in China. MODEC secured its first order to supply an FPSO to Guyana in May 2023. The order came from an ExxonMobil-led consortium and is for the deployment of the FPSO to the... Continue Reading →
(OW) Denmark-based Cadeler has entered into an unsecured green term loan facility with The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (HSBC). The purpose of the loan facility is, among others, to fund Cadeler’s construction of the X-class and F-class newbuild vessels and upgrade of the existing O-class vessels with new cranes, namely Wind Orca and Wind Osprey.... Continue Reading →
(OE) Norway-based Aker Solutions said Tuesday it had won a sizeable contract from Vattenfall for the Norfolk Vanguard East Offshore Wind Farm off the coast of Norfolk, UK. Aker Solutions defines a sizeable contract as being between NOK 0.5 billion and NOK 1.5 billion The scope of work for Aker Solutions includes the engineering, procurement,... Continue Reading →
(OET) Fugro is planning to expand into the carbon capture utilization and storage (CCUS) segment as part of its strategy towards 2027. Fugro has updated its strategic agenda with three priorities, including growing and transforming current business, expanding into developing segments, and increasing recurring revenue with Geo-data as a service. The plan is to target... Continue Reading →
(OE) KOTUG said Tuesday it had, via its Guyanese subsidiary KOTUG Guyana strengthened its position in Guyana with the arrival of three additional Offshore Terminal Tugs to support ExxonMobil Guyana’s offshore operations. With the arrival of KOTUG-owned ‘SD Grace’, ‘Seaways 20’ and ‘Seaways 22’, KOTUG will operate a total of five offshore terminal tugs in... Continue Reading →
Petro Services and its main subcontractor Ocean Installer, a marine construction and operations player, have secured a contract with TotalEnergies for umbilical recovery and reinstallation activities on a floating production, storage, and offloading (FPSO) vessel in Angola. The new contract, awarded by TotalEnergies EP Angola and its Block 17 partners, will enable the two players to execute an... Continue Reading →
(OW) Siemens Gamesa has discontinued its plans to build and operate an offshore wind turbine blade manufacturing plant in Virginia, US. The company’s USD 200 million (about EUR 187 million) manufacturing plant was planned to be built at the Port of Virginia’s Portsmouth Marine Terminal. It was intended to support major US offshore wind projects,... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE) will present a deal for billions of euros in project-related guarantees backed by the German government during its results announcement on Wednesday, sources familiar with the matter told Reuters. The company in October disclosed talks with the German government, banks and Siemens AG (SIEGn.DE) over what sources said were 15 billion euros ($16 billion) in guarantees... Continue Reading →
(PN) After a wait of more than four months, Enauta was finally able to restart production at its main asset, the Atlanta field, in the Santos Basin. The resumption of operations in the area took place on the 5th of November. The field's production was halted in July, due to technical problems in the electrical... Continue Reading →
Brazil Energy Insight 