Category: Suppliers

Technip Energies Sets Up Green Hydrogen JV, Beats Quarterly Earnings Expectations

(Reuters) French oil and gas services group Technip Energies on Thursday announced a green hydrogen solutions joint-venture with Belgian group John Cockerill, while reporting stronger-than-expected first-quarter earnings.  The need to combat climate change, along with Russia's invasion of Ukraine, have created opportunities for energy service firms, with increased investments in liquefied natural gas (LNG) and... Continue Reading →

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‘Hydrogen Hubs’ to the Fore

Barry Parker, Contributor (OE) The path to decarbonization is defined by partnership and fueled by government funding. This month we examine the players, partnerships, and evolution of Hydrogen Hubs in the Gulf of Mexico. The Green Shipping Challenge, organized by the United States and Norway at COP 27 held in late 2022, brought about dozens of... Continue Reading →

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A New Generation of WTIVs

Wendy Laursen, Contributing Writer (OE) WTIVs have always been fuel-hungry. Now they are being tasked with installations that are further, deeper and heavier. Offshore wind farms continue their march into deeper water, further from shore, with turbines that can now reach more than 270 meters high with blades 120 meters long. Designers and OEMs are pushing... Continue Reading →

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Early Start for ‘Safe Zephyrus’ in Brazil

Offshore accommodation firm Prosafe said Wednesday that its Safe Zephyrus semi-submersible vessel for safety and maintenance support had started its contract offshore Brazil with Petróleo Brasileiro SA ('Petrobras'). The contract started on April 30 and has a firm commitment period of 650 days. Prosafe signed the $73 million contract with Petrobras in December 2022. Built... Continue Reading →

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MISC reveals ‘world’s first’ future-proof newbuild FPSO sporting mega-module topsides

Malaysia’s shipping giant MISC Berhad (MISC), an owner and operator of offshore floating and energy-related maritime solutions and services, has unveiled – what it deems to be – the world’s first future-ready newbuild floating production storage and offloading (NBFPSO) vessel at the Offshore Technology Conference (OTC) in Houston. MISC reported on Tuesday, 2 May 2023,... Continue Reading →

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OTC 2023: Marlim Field re-vamp offshore Brazil close to startup

(OM) Brazil has all the ingredients in place to lead the world in terms of low-emission/high-profit oil and gas production, according to Carlos Travassos, chief engineering, technology and innovation officer at Petrobras. He spoke at the Offshore Technology Conference (OTC) yesterday on the panel “Brazilian Energy Outlook: Strengthening the Offshore Activities.” Travassos cited the company’s... Continue Reading →

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Floating Offshore Wind and the Need for High-end AHTS

Theodor Sørlie, Contributor (OE) As the world continues to scramble for renewable energy, floating offshore wind has emerged as a key capacity enabler in the coming decades. With no major commercial scale projects currently in operations, the segment is largely based on governments and developers ambitious project plans for the future. Nonetheless, this market segment can... Continue Reading →

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Valaris Expands Contract Backlog with New Wins and Extensions

(QC) Offshore drilling company Valaris Limited (NYSE: VAL) has announced strong first quarter results for 2023, with new contracts and extensions announced worth approximately $820 million. Among the new contracts is a three-year offshore drilling project in Brazil, which will involve reactivating the VALARIS DS-8 drillship. CEO Anton Dibowitz expressed optimism for the company’s outlook. “We continue to be... Continue Reading →

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