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(Reuters) Halliburton Co reported a higher first-quarter profit on Tuesday, wrapping up upbeat earnings from the world's top oilfield services providers as higher oil prices encouraged drilling activity and boosted demand for services and equipment. Global oil futures are currently trading around $82 a barrel, down about 20% from a year ago but remain well... Continue Reading →
(Reuters) After a bumper year for floating offshore wind farm tenders, the nascent industry is poised for explosive growth in the coming decade as countries strive to cut their carbon emissions. But it's unlikely to be all plain sailing. Rising costs and supply chain bottlenecks have hit some projects and without investment in infrastructure to... Continue Reading →
(OM) ProCon Wind Energy, IWS Fleet and IWS Services have teamed up to offer a one-stop operations and maintenance service for offshore wind turbine foundations and substations. The package encompasses IWS Fleet’s new service vessels, IWS Services’ supply chain management and ProCon’s maintenance offering, avoiding a requirement for multiple sub-suppliers and interfaces. IWS Fleet’s hybrid vessels are... Continue Reading →
(OED) Singapore-based shipbuilding company Strategic Marine has commissioned a study to compare the efficiency of traditional diesel-powered and hybrid-powered crew transfer vessels (CTVs). The study will be conducted by the Maritime Energy and Sustainable Development Centre of Excellence (MESD CoE) at Nanyang Technological University, Singapore (NTU Singapore). It will assess the difference in energy and... Continue Reading →
(OE) On Friday, Australian oil and gas giant Woodside said that its Sangomar development project offshore Senegal was 82% complete and on target for first oil later this year. Once online, this will be Senegal's first offshore oil project in production. Woodside, the operator of Sangomar, said in its first quarter report that the development... Continue Reading →
(OE) German renewable energy firm RWE said Thursday it would be the first developer in the world to utilize Siemens Gamesa’s GreenerTower at its Danish offshore wind farm Thor. The tower steel plates are made of greener steel that produces at least 63 percent less CO2 emissions compared to conventional steel. According to RWE, 36 of... Continue Reading →
(Reuters) SLB beat Wall Street estimates for first-quarter profit on Friday, as elevated crude prices and tight supplies fueled demand for its oilfield services. Global crude prices averaged $81.24 a barrel in the January-March quarter, down nearly 20% from a year earlier but still well above a level where oil and gas producers can drill... Continue Reading →
(PN) Baker Hughes announced a new and important company contract in Brazil. The company will provide CO2 compression solutions for the FPSO P-80, P-82 and P-83, which will be operated by Petrobras in the Búzios field, in the Santos Basin pre-salt. There will be six compression trains, powered by gas turbines, designed to reinject more... Continue Reading →
(OM) Remazel Engineering, with work and support from Remazel Asia, has been awarded a contract for the design and manufacturing of a permanent mooring connecting system for floating offshore wind and fish farm integration application by the Chinese company LONGYUAN ZPMC, part of China Longyuan Power. This pilot project is an integrated system of a floating wind turbine and marine aquaculture, and it will be... Continue Reading →
(OE) The HSI consortium comprising HSM Offshore Energy, Smulders, and Iv-Offshore & Energy has won a contract to deliver substations and jackets for the largest offshore wind farm in the Baltic Sea, the Gennaker. Under the contract, awarded by 50Hertz, the consortium will be responsible for the engineering, procurement, construction, and installation (EPCI) of the... Continue Reading →
Brazil Energy Insight 