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SBM Offshore is pleased to announce it has signed the project financing of FPSO Alexandre de Gusmão for a total of US$1.615 billion. The project financing is provided by a consortium of 12 international banks with insurance cover from 3 international Export Credit Agencies (ECA). The financing is composed of four separate facilities with a... Continue Reading →
(OW) Equinor has entered into a long-term partnership agreement with Wergeland Group as the preferred supplier for the fabrication of foundations and the assembly of turbines for floating offshore wind. At the same time, Equinor and partner Vårgrønn confirm which floater concept will be developed for the Utsira North (Utsira Nord) project. The facilities at... Continue Reading →
Philip Lewis, Contributor (OE) The energy transition is moving ahead amid recovery in offshore oil & gas and growth in offshore wind, leaving vessel owners that serve these markets with big questions about energy carrier and energy converter selection for their newbuilds.What is driving the change? The foundations of energy transition in the offshore and marine... Continue Reading →
The 759 MW Hollandse Kust Noord offshore wind farm has produced its first green power and delivered it via TenneT’s offshore grid to the Dutch mainland. “We often talk about milestones along a project’s journey, and CrossWind has had a number to date, but to have the wind turbines generating green electricity safely and successfully... Continue Reading →
The Brazil-bound FPSO Sepetiba sailed away from the BOMESC shipyard in China on June 16, 2023, following completion of the topsides integration and onshore commissioning phases. The unit—SBM Offshore’s third Fast4Ward FPSO—is transiting to the Mero field in the Santos Basin offshore Brazil, located 180 kilometers offshore Rio de Janeiro. SBM Offshore has a contract... Continue Reading →
Subsea 7’s offer to acquire the entire issued share capital of Norway’s DOF Group is expiring at the end of today, 19 June, after the rejection from DOF’s board. Subsea 7 made a proposal on 15 June to the Board of Directors of DOF to acquire the entire issued share capital of the group, offering... Continue Reading →
Two survey activities are planned to start this month at the Empire Wind offshore wind farm site located about 20 miles south of Long Island. The first is a short-term underwater sediment survey campaign, planned to begin in late June. The sediment survey experts will sample the seabed along the proposed Empire Wind 1 and... Continue Reading →
Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announced today that it made a proposal to the Board of Directors of DOF Group ASA (“DOF”) on Thursday 15 June 2023 to acquire the entire issued share capital of DOF. Subsea7 has offered holders of DOF equity NOK 35 per share, comprised of NOK 7 in... Continue Reading →
(OW) Offshore wind turbine and foundation installation companies Cadeler and Eneti have signed a business combination agreement to establish a new company. The parties said this will enable them to operate more efficiently and target larger and more complex projects as requested by customers. They agreed to merge through a stock-for-stock exchange offer to be... Continue Reading →
(OET) Baker Hughes has secured a subsea contract with Italian energy giant Eni and its partner Petroci to deploy its deepwater technology for an oil and gas field offshore the Ivory Coast. Under the contract, which includes eight deepwater trees, Baker Hughes will deliver three Aptara manifolds, the relevant subsea production control system, and flexible risers... Continue Reading →
Brazil Energy Insight 