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(OE) Nauticus Robotics, a U.S. developer of autonomous vehicles and robots for data collection and intervention services for offshore industries, has secured fresh funding for its operations and appointed new executive management team. The new investment was secured before the close of 2023 and eliminated many of the dilutive warrants and ratchet provisions of the... Continue Reading →
(OE) Mitsui O.S.K. Lines (MOL) and Hokutaku, Japan's largest wind turbine maintenance company, have made an agreement to form a capital alliance as MOL pursues growth in its non-shipping businesses like offshore wind. The capital alliance entails MOL's acquisition of a majority of the outstanding shares of Hokutaku, the largest third-party wind maintenance company in... Continue Reading →
(OE) CRP Subsea, an AIS company, has secured a ‘substantial contract’ for the supply of distributed buoyancy modules (DBMs) to a deepwater oil field project in the Santos Basin, offshore Brazil. CRP Subsea secured was hired by a leading energy technology company, whose name was not disclosed. The company DBMs will be utilised on a... Continue Reading →
(OE) Offshore drilling company Valaris has secured approximately $1.14 billion in new contracts and contract extensions for its drillships and jack-up rigs across the Americas, Europe and Australia. The $1.14 billion worth contracts were awarded in the last two months of 2023, with the backlog excluding lump sum payments such as mobilization fees and capital reimbursements. These... Continue Reading →
(OE) Portuguese oil and gas company Galp has reported the discovery of light oil in in an exploration well being drilled offshore Namibia with Hercules semi-submersible rig. The news follows Galp’s January 2 update informing about preliminary signs of hydrocarbon presence at the Mopane-1X well, being drilled at Petroleum Exploration License 83 (PEL 83) block in Namibia’s... Continue Reading →
(TCD) The designation of “world’s largest” wind turbine seems to be a fleeting recognition, as innovations taking the tech to new heights frequently make headlines. Some of the latest windcatchers also leverage wood, unique shapes, and extreme designs to create electricity. The latest turbine coming from China’s Mingyang Smart Energy is made for higher gusts and can... Continue Reading →
(OET) France-headquartered CGG and Dutch C-Questra have signed a commercial cooperation agreement in carbon capture, utilization, and sequestration (CCUS). “The purpose of the cooperation agreement is quite simply to go much faster. CGG contributes human and technological resources, while C-Questra implements the projects, particularly in France, by leveraging the combined expertise and experience of our... Continue Reading →
(OE) Bourbon Subsea Services has installed a floating electrical hub (FEH) at the Eolmed floating offshore wind farm in France, completing the first stage of the 30 MW project. The FEH for the pilot floating farm was installed off Portla-Nouvelle in southern France in fall 2023. This project will involve three 10 MW-rated wind turbines, supplied... Continue Reading →
The Brazilian Environmental Institute (Ibama) gave the green light for the installation of the new platform ship (FPSO) in the Mero field, in the Santos Basin. The environmental agency issued the license for the FPSO Alexandre de Gusmão, which is being built by SBM Offshore and is expected to come into operation in 2025. The... Continue Reading →
Dutch FPSO operator SBM Offshore has corroborated the start of production from a floating production, storage, and offloading (FPSO) vessel, which is working on Petrobras’ giant oil field in the Santos Basin offshore Brazil. As a result of a 22.5-year lease and operation deal from December 2019 with SBM Offshore, Petrobras chartered the FPSO Sepetiba for operations on its Mero... Continue Reading →
