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June 8 (oilnow.gy) Going back to Venezuela might be a stretch for big oil with other more attractive places nearby like Guyana. That was the assessment from Texas-based energy attorney Ted Borrego in an S&P Global article published May 20, as analysts weighed whether Venezuela’s planned debt restructuring could eventually reopen the door to major... Continue Reading →
June 7 - The Rio Grande Shipyard, owned by Ecovix, completed this week the decommissioning of the P-32 platform in its dry dock. The first green dismantling in Brazil was concluded, involving hundreds of workers who worked on the maritime unit, which weighed more than 44,000 tons. Acquired at auction by Gerdau in July 2023,... Continue Reading →
June 4 - SBM Offshore announces that it has entered into a shareholders’ agreement with its long-standing business partner Nippon Yusen Kabushiki Kaisha (NYK) with the intention to divest a 45% ownership interest in the special purpose companies related to the lease and operation of the FSO Chalchi. SBM Offshore will remain the majority shareholder... Continue Reading →
June 4 (OE) MODEC and Norway-based Eld Energy have signed a memorandum of understanding to develop a 1.2 MW power system integrated with carbon capture for future floating production, storage and offloading (FPSO) vessels. Under the agreement, Eld Energy will lead the design, procurement and construction of the solid oxide fuel cell (SOFC)-based power system,... Continue Reading →
June 3 (Reuters) - Major international renewable energy investors are lining up for Brazil’s first battery auction, announced by the government on Wednesday, boosting hopes that the storage units will obtain the financial resources to purchase power from the country's struggling renewable generators. Solar and wind energy projects have been hit by hundreds of millions... Continue Reading →
June 2 (OE) GustoMSC, NOV’s offshore design and engineering business, has developed a new asymmetrical rack-and-pinion technology designed to increase the jacking capacity of offshore wind installation vessels without increasing vessel size, weight or system complexity. The patent-pending asymmetrical rack-and-pinion (ASYM R&P) technology builds on the company’s existing rack-and-pinion jacking systems and is designed to... Continue Reading →
June 2 (oilnow.gy) MODEC Guyana is seeking contractors for floating production, storage and offloading (FPSO) vessel mooring hook-up services for the Hammerhead project offshore Guyana, according to a Request for Information (RFI) published on June 1 through the Centre for Local Business Development (CLBD). The opportunity forms part of preparations for the Hammerhead development, which is expected... Continue Reading →
June 1 - SBM Offshore and Solstad Offshore have formed a joint venture, which has entered into a Letter of Intent with a selected shipyard to order a new-build next-generation multi-purpose deepwater installation and construction vessel. The new vessel is targeted for delivery in the first half of 2029. The new vessel will support the... Continue Reading →
June 1 - Independent oil company Karoon Energy announced the completion of the transition of operations of the Baúna FPSO (formerly called Cidade de Itajaí). To recap, the platform was acquired from Altera & Ocyan (A&O) in April of last year for US$115 million plus approximately US$8 million in transaction costs. Since then, the two... Continue Reading →
June 1 (OE) Vantage Drilling has entered into a merger agreement under which Norway-based Eldorado Drilling will acquire the offshore drilling contractor in a transaction valuing the company's equity at approximately $257.6 million. Under the agreement, Vantage shareholders will receive $19.00 per share in cash. The transaction has been unanimously approved by Vantage's board of... Continue Reading →
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