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Transocean, best known for its deepwater drilling services in the oil and gas space, is looking to expand into the offshore wind sector and is planning to convert some of its offshore drilling vessels into wind foundation installation vessels. The company said Wednesday it had executed a non-binding memorandum of understanding with offshore wind installation... Continue Reading →
Singaporean conglomerate Keppel Corp Ltd on Thursday posted a higher net profit for the first quarter, boosted by a significant one-off gain recognized from the sale of its offshore & marine unit. In February, Sembcorp Marine completed a S$4.50 billion ($3.37 billion) buyout of Keppel's offshore & marine unit after receiving the necessary shareholder approvals.... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE) has won contracts worth almost 7 billion euros ($7.68 billion) as part of a consortium with Spain's Dragados Offshore (ACS.MC) to transport wind farm power to northern Germany, the German company announced on Thursday. Under the deal with Dutch electric grid company TenneT (IPO-TTH.AS), the companies will supply technology for three offshore grid connections in... Continue Reading →
(Reuters) - Oilfield firm Baker Hughes Co (BKR.O) beat first-quarter profit estimates on Wednesday, as stronger oil prices have supported demand for its equipment and services. Global oil futures are currently trading around $83.12 a barrel, down about 22% from a year ago but still well above a level where firms can drill profitably. Markets have been... Continue Reading →
(OW) Ørsted and the infrastructure division of Spanish Acciona have signed a memorandum of understanding (MoU) to explore options for floating wind foundations, including using carbon-neutral materials and industrialising the fabrication of concrete foundations. Under the MoU, the two companies’ focus will be on the use of carbon-neutral bio-cement, bio-concrete, and other materials and solutions,... Continue Reading →
(PN) Karoon Energy announced that it has completed its drilling program, in the Santos Basin, with the Noble Developer rig (formerly known as Maersk Developer). The rig was contracted to carry out the oil company's first workover campaign and the development of new fields in Brazil. The rig was mobilized from the Caribbean to Brazil... Continue Reading →
(OE) Subsea optical inspection technologies developer Voyis Imaging Inc. has launched a new product line called Discovery Vision Systems that it says will advance ROV vision systems, and deliver a new level of situational awareness to ROV operations, achieving both high-resolution video and real-time 3D perception for piloting, inspection, and autonomy applications. "Subsea inspection... Continue Reading →
Norwegian shipyard Green Yard Kleven AS has secured a retrofit project with Brazilian offshore vessel owner Oceanica. This is the fourth contract signed with the same shipowner that includes the reactivation and rebuilding of offshore ships bought from Norwegian shipowners. The vessel, named Oceanicasub X, is a 78-meter anchor handling vessel which will be rebuilt... Continue Reading →
Oslo-headquartered ocean services provider DeepOcean has reported a revenue increase of 13.4 per cent in 2022 said to be mainly driven by inspection, maintenance and repair (IMR) work in the oil and gas sector. For 2022, DeepOcean reported revenue of $566.1 million, up 13.4 per cent from $499.4 million in the prior year, and an operating... Continue Reading →
Offshore drilling contractor Valaris has set a carbon emissions reduction target to reduce its Scope 1 emissions by 2030, aligning its sustainability goals with the Task Force on Climate-Related Financial Disclosures (TCFD) framework. Valaris issued its 2022 Sustainability Report on Monday, 17 April 2023, showcasing its commitment to environmental, social and governance (ESG) priorities. As part of... Continue Reading →
Brazil Energy Insight 