Technip Energies, Sarens, and Young-Chang Heavy Industry Form Floating Wind Partnership in Korea

(OW) Technip Energies has signed a Memorandum of Understanding (MoU) with the yard infrastructure provider, Young Chang, and heavy lifting solutions provider, Sarens, to collaborate on floating offshore wind projects offshore South Korea. Carl Sarens, Managing Director of Sarens Projects, said: ”We are looking forward to our cooperation with Technip Energies and Young-Chang Heavy Industries. Our objective... Continue Reading →

July 31, 2023 0

Valaris to Reactivate Drillship for $364M West Africa Contract

Offshore drilling firm Valaris said Monday it had secured a 12-well contract offshore West Africa for drillship VALARIS DS-7. Valaris will reactivate the drillship for this contract. The contract, with an undisclosed client, is expected to start in the second quarter of 2024 and has an estimated duration of 850 days. The total contract value... Continue Reading →

July 31, 2023 0

Ørsted to Become First Tenant of New Jersey Wind Port

(OW) The New Jersey Economic Development Authority (NJEDA) has approved agreements with Ørsted for the development and sublease of up to 34 acres at the New Jersey Wind Port (NJWP), which Ørsted will use as a staging and support area for its 1.1 GW Ocean Wind 1 offshore wind project. With the agreement, Ørsted will... Continue Reading →

July 31, 2023 0

Iberdrola Secures EUR 500 Million Loan for East Anglia Three

Spain-headquartered Iberdrola has secured a EUR 500 million loan from Citi, partly guaranteed by the Norwegian Export Credit Agency (Eksfin), to support the development of the 1.4 GW East Anglia Three offshore wind farm in the UK. The loan has a drawdown period of two years. According to Iberdrola, it will improve the company’s liquidity... Continue Reading →

July 31, 2023 0

Corio Generation Bolsters South Korea Offshore Wind Ties

Corio Generation has signed cooperation agreements with local companies, based in Busan, for the development of offshore wind projects in South Korea. Corio announced it had signed a Memorandum of Understanding (MoU) with GS Entec on 19 July and with Chokwang-Jotun on 20 July, respectively, for its offshore wind projects in Busan. Under the agreements,... Continue Reading →

July 29, 2023 0

Ocean giants unite to forge mega fleet of semi-submersible vessels

China-based companies specializing in ocean-based heavy lift transport COSCO SHIPPING Specialized and Guangzhou Salvage have concluded a joint venture deal leading to the creation of a fleet of 18 semi-submersible vessels by the end of 2023. Commercial management of the fleet will be handled by the joint venture and COSCO SHIPPING Heavy Transport exclusively with... Continue Reading →

July 28, 2023 0

TechnipFMC breaks subsea order records, expects to reach $9 billion in 2023

(OET) TechnipFMC has received $4.1 billion in subsea inbound orders in the second quarter of 2023, a 62.2% increase compared to Q1 2023 and a 113.4% increase compared to the same period in 2022. Records were set for the company’s iEPCI full-field subsea development and integrated project execution and Subsea 2.0 subsea production system. TechnipFMC’s total... Continue Reading →

July 28, 2023 0

Keppel Profit Soars on One-off Gain from O&M Unit Sale

(Reuters) Singapore's Keppel Corp KPLM.SI on Thursday reported a more than seven-fold jump in its first-half profit boosted by a one-off gain from the sale of its offshore and marine (O&M) unit and strong performance from the infrastructure business. Keppel sold its offshore and marine business in February for S$4.50 billion ($3.40 billion) to Sembcorp... Continue Reading →

July 27, 2023 0

Fugro delivers on mid-term targets with offshore wind activities leading the way

(OET) Fugro has reported a revenue of over €1 billion for the first half of 2023, representing a 24.1% growth from €833 million in the first half of 2022, said to be due to continued high client demand in energy markets, in particular for offshore wind site characterization solutions and related nearshore activities. In 1H... Continue Reading →

July 27, 2023 0

Subsea 7’s New Semi-Submersible Vessel Equipped for XXL Offshore Wind Foundations En Route to Europe

(OE) Subsea 7's recently delivered Seaway Alfa Lift offshore wind foundation installation vessel is in transit to Europe and is expected to join Subsea 7's fleet in the third quarter of 2023. The semi-submersible heavy installation vessel, designed by Ulstein, will be used to install the next-generation XXL offshore wind foundations. The newbuild heavy lift... Continue Reading →

July 26, 2023 0

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Technip Energies, Sarens, and Young-Chang Heavy Industry Form Floating Wind Partnership in Korea

Valaris to Reactivate Drillship for $364M West Africa Contract

Ørsted to Become First Tenant of New Jersey Wind Port

Iberdrola Secures EUR 500 Million Loan for East Anglia Three

Corio Generation Bolsters South Korea Offshore Wind Ties

Ocean giants unite to forge mega fleet of semi-submersible vessels

TechnipFMC breaks subsea order records, expects to reach $9 billion in 2023

Keppel Profit Soars on One-off Gain from O&M Unit Sale

Fugro delivers on mid-term targets with offshore wind activities leading the way

Subsea 7’s New Semi-Submersible Vessel Equipped for XXL Offshore Wind Foundations En Route to Europe

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