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(OE) Crowley has named offshore wind veteran Christy Guthman as vice president of business development for its Wind Services business as the company grows in the clean, sustainable energy sector. Guthman most recently served as executive general manager of sales and commercial operations for GE Offshore Wind. During her tenure there, she built the company’s North American sales,... Continue Reading →
(OE) Offshore drilling firm Transocean posted a net loss of $220 million for the third quarter of 2023, on revenues of $713 million. Net loss was higher compared to $165 million in the second quarter of 2023. Contract drilling revenues for the three months ended September 30, 2023 decreased sequentially by $16 million to $713... Continue Reading →
Subsea 7 S.A. today confirmed the award of a major1 contract amendment by Petrobras for the development of the Mero 4 field2 located approximately 200 kilometres off the coast of the state of Rio de Janeiro, Brazil, at 2,200 metres water depth in the pre-salt Santos basin. The award was announced in redacted form on... Continue Reading →
(OE) Classification society DNV has issued a statement of qualified technology to SBM Offshore for its carbon capture plant or CO2 capture solution for FPSOs developed in partnership with Mitsubishi Heavy Industries. The statement verifies that the designated technology is feasible for the intended application and that the technical claims are adequately substantiated. The statement... Continue Reading →
Fugro’s revenue for the third quarter of 2023 is €608.9 million, an increase from €480.2 million reported in the same quarter of 2022 – a result said to be due to better contracting conditions, high activity levels and good project execution. Fugro reported that its revenue was up by 32.6% on a currency-comparable basis, by... Continue Reading →
(Reuters) Siemens Energy shares plunged nearly 40% on Thursday, wiping 3 billion euros ($3.16 billion) off its market value, after the group said it was in talks with the German government about state guarantees following big setbacks at its wind unit. A spokesperson for the German economy ministry also confirmed the talks, describing them as... Continue Reading →
(OET) PGE Polska Grupa Energetyczna and GE have signed an agreement for the development of a project aimed at testing the production of green hydrogen using a GE offshore wind turbine. In the planned project, hydrogen would be produced in an electrolyzer using electricity generated from the latest GE wind turbine model intended for the offshore... Continue Reading →
(Reuters) - Italian energy services group Saipem (SPMI.MI) has made significant progress in its turnaround and is close to completing the problematic projects that forced it to raise capital last year, its CEO said on Thursday. Commenting on third quarter results, Alessandro Puliti said the group was back on a growth path thanks to record orders and... Continue Reading →
(Reuters) U.S. oilfield technology firm Baker Hughes beat third-quarter profit estimates on Wednesday, driven by strong demand for its services and equipment in international markets. Energy firms booked record profits last year following a spike in commodity prices and have looked to invest these to boost production and find new deposits. The move benefited companies... Continue Reading →
(OE) Boards of directors of the Norwegian seismic data companies PGS and TGS have unanimously approved and decided upon a definitive merger agreement of the two firms, in line with the terms announced in September.The merger is to be structured as a statutory, triangular merger between TGS Newco AS, a newly established wholly owned subsidiary of... Continue Reading →
