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(PN) Constellation announced a three-year contract with Petrobras, worth U$ 392 million, for the charter and operation of the Alpha Star semi-submersible rig. The unit will be used on the Brazilian coast and its activities are scheduled to begin in the fourth quarter of 2024. The scope of work will include the drilling, completion and... Continue Reading →
U.S.-based developer of ocean robots Nauticus Robotics has secured term loan financing of up to $20 million from existing investors that will be used to bolster the commissioning and commercialization of its fleet. Nauticus Robotics entered into a senior secured term loan agreement with existing stakeholders Transocean, ATW Partners, Material Impact, and RCB Equities which provides the... Continue Reading →
(OET) Transocean Aquila Limited, a wholly-owned indirect subsidiary of Transocean, has kicked off a multi-million dollar private offering of senior secured notes due 2028. The firm will use the net proceeds from the notes to partially finance the construction, acquisition, and improvement or alteration of a newbuild ultra-deepwater drillship and to fund the initial debt... Continue Reading →
(OE) Argeo, a provider of robotic and digital solutions for the ocean space, and Shearwater GeoServices, a global provider of geophysical marine seismic acquisition and processing services, have entered a strategic alliance for innovating and pioneering new technology and products across the subsea and marine seismic markets. The alliance said it aimed to drive innovation across... Continue Reading →
(OE) Principle Power, a provider of floating foundation solutions for the floating wind industry, said Tuesday it had expanded its WindFloat product portfolio to two fully industrialized products: the existing WindFloat tubular design – now called WindFloat T – and the new flat panel, pontoon-based solution, known as the WindFloat F. Principle Power said both... Continue Reading →
(OE) Maersk Supply Service has secured a contract extension in Angola for its Subsea Support Vessel Maersk Involver for an additional 15 months. The Danish vessel owner said Monday that under the extended contract, the vessel and crew would support various subsea operations off the coast of Angola. "We truly appreciate and value the continued... Continue Reading →
(OE) Danish engineering group Ramboll has joined the Global Offshore Wind Alliance, a public-private forum working to accelerate global offshore wind capacity. Founded by the Government of Denmark, the International Renewable Energy Agency (IRENA), and the Global Wind Energy Council (GWEC), GOWA brings together 14 countries and key actors in the wind industry around the shared... Continue Reading →
(Reuters) The last major piece of infrastructure needed to start production at Mexico's first floating liquefied natural gas (LNG) plant is set to depart from a Texas shipyard next week, the U.S. Coast Guard said in a notice to shippers. LNG developer New Fortress Energy is planning to begin production at the 1.4-million-tons-per-year floating plant... Continue Reading →
(Reuters) - Chevron Corp (CVX.N) plans to add 65,000 barrels per day (bpd) of Venezuelan oil output by the end of 2024 through its first major drilling campaign in the nation since Washington allowed it to restore production clipped by U.S. sanctions, three people familiar with the matter said. The effort could help Venezuela keep lifting crude... Continue Reading →
(PN) The Brazilian Environmental Institute (IBAMA) granted Petrobras the installation license for the platform ship (FPSO) Almirante Tamandare, which will be installed in the Buzios field, in the pre-salt of the Santos Basin. The platform's first oil is scheduled for the second half of 2024. The vessel will be the sixth definitive production unit in... Continue Reading →
