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(OE) Norway's BW Energy is now able to move forward with its acquisition of the FPSO Cidade de Vitória on the Golfinho field in Brazil, more than a year after it reached a deal with the FPSO's Italian owner Saipem. The two companies had signed a memorandum of agreement (MOA) for the $73 million floater sale in June 2022, but the transaction was subject... Continue Reading →
(OE) TGS announced a collaboration agreement with Apparition Geoservices to jointly provide integrated, encoded simultaneous source acquisition solutions to drive the next level of efficiency in seismic surveys. During the agreement term of four years, TGS and Apparition will collaborate through joint research, development and testing to fully commercialize Apparition technology in ocean bottom node,... Continue Reading →
(OET) UK-headquartered energy services provider Expro has entered into a definitive agreement to acquire the Houston-based offshore services provider, PRT Offshore, which will enable it to enhance its portfolio of services and solutions within the subsea well access sector in North and Latin America (NLA). This will also boost PRT Offshore’s surface equipment offerings in Europe, Sub-Saharan... Continue Reading →
(OE) Cadeler A/S published its interim financial report for the first half of 2023 presenting a positive result exceeding the guidance projected for the fiscal year 2023. Revenue in the first six months of 2023 was EUR 68 million, which is an increase of 57% against the same period last year. Adjusted EBITDA for the first half of... Continue Reading →
(OE) DEME Group has released its half year results saying its orderbook is 7.7 billion euro ($8.3 billion), up 36% compared to H1 2022, reflecting continued healthy demand and strong market positioning across all segments. Group turnover grew 14% year-over-year to 1.5 billion euro ($1.6), with growth in the offshore energy and environmental segments. Net... Continue Reading →
With corporate headquarters in Norway and operational headquarters in the U.S., TGS is actively working on scaling up the efficiency of seismic surveys. To this end, the energy data and intelligence provider is pooling resources with Apparition Geoservices GmbH, thanks to a new long-term collaboration agreement. The exclusive four-year collaboration agreement enables TGS and Apparition... Continue Reading →
(OE) State-backed export credit agency Export Finance Norway (Eksfin) has provided loan guarantee financing to Spanish energy company Iberdrola, a transaction that supports Norwegian exporters’ participation in the East Anglia Three wind park project in the UK. Through the transaction, Eksfin has provided guarantee financing for the first time to a Spanish energy company and... Continue Reading →
Italian oil and gas giant Eni has started production from an oil and gas field offshore Côte d’Ivoire, Africa, less than two years after the discovery in September 2021 and less than a year and a half after the final investment decision (FID) was made. The Baleine East 1X well was drilled using the Saipem 12000 drillship. The... Continue Reading →
Morgan Stanley's infrastructure investment arm is teaming up with U.S. maritime, energy and logistics solutions company Crowley to advance offshore wind energy solutions for the United States. Investment funds managed by Morgan Stanley Infrastructure Partners (MSIP), a private infrastructure fund platform within Morgan Stanley Investment Management (MSIM), will hold a majority stake in Crowley Wind... Continue Reading →
Eric Haun, Editor Marine News (OE) It’s a big deal when a U.S. president visits an American shipyard, and these trips always send a message. When President Obama spoke at HII’s Newport News Shipbuilding in 2013, he warned of the consequences of sequestration. President Trump’s 2020 speech at Fincantieri Marinette Marine touted a $5.5 billion naval... Continue Reading →
Brazil Energy Insight 