(OE) Dutch offshore wind farm developer CrossWind has awarded Italy-based Rosetti Marino a new engineering, procurement, construction, installation and commissioning (EPCIC) contract for an offshore green hydrogen production and storage pilot plant - called the 'Baseload Power Hub.' The Baseload Power Hub will be located within CrossWind’s Hollandse Kust Noord offshore wind farm, 18.5 kilometers off... Continue Reading →
Prysmian’s renewed credit facility includes environmental and social KPIs
Italian cabling giant Prysmian has renewed its €1,000 million long-term revolving credit facility, including environmental and social KPIs among the parameters that determine the financing conditions. Prysmian reported on 13 July that it had signed the renewal of the €1,000 million long-term revolving credit facility sustainability-linked with a pool of Italian and international banks. This five-year... Continue Reading →
Oil services firm Aker Solutions raises 2023 sales outlook
(Reuters) - Norwegian oil services firm Aker Solutions (AKSOA.OL) on Thursday raised its full-year sales guidance on the back of high tender activity and increased spending from oil companies. It said it now expected revenues to increase by around 30%, up from guidance given in May for "more than 15%". It reiterated guidance for an improved operating... Continue Reading →
Weatherford Signs 5-year Intervention Services Deal with Brazil’s Petrobras
Texas-based oilfield services company Weatherford has won a five-year contract to provide Intervention Services for Petróleo Brasileiro S.A. ("Petrobras") in Brazil. "Weatherford has performed Intervention Services in Brazil for more than 20 years in close cooperation with Petrobras to develop a comprehensive offering to address subsea intervention and commissioning," the company said. Weatherford said it... Continue Reading →
Hornbeck Offshore Eyes U.S. Offshore Wind Work with OSV-to-SOV Conversion Project
(OE) U.S. offshore vessel owner Hornbeck Offshore Services, best known for its offshore oil and gas support vessel services, is looking at business opportunities in the growing U.S. offshore wind sector as well as in offshore accommodations services in the oil and gas area. For that, Hornbeck Offshore said Wednesday it had contracted Eastern Shipbuilding Group,... Continue Reading →
Bacalhau FPSO leaves Chinese shipyard after 32 months
Norwegian state-owned oil and gas giant Equinor has disclosed video footage, showing a floating production storage and offloading (FPSO) vessel, which will work on its field offshore Brazil, leaving a Chinese shipyard, following 32 months of work. Equinor’s video shows the FPSO Bacalhau hull leaving the Dalian Shipbuilding (DSIC) shipyard in China. This comes over a month after... Continue Reading →
Petrobras renews transshipment contract with Vast Infraestrutura (formerly Açu Petróleo)
Vast Infraestrutura (formerly Açu Petróleo) achieved an important contract renewal with Petrobras. The new agreement will last for three years and provides for the provision of oil transshipment services at Porto do Açu. This is the second contract renewal between Petrobras and Vast, which started the partnership in March 2019. “This achievement represents not only... Continue Reading →
Seaway7 Completes EPCI Cables Scope on Scotland’s Largest Offshore Wind Farm
Seaway7 has completed the full engineering, procurement, construction, and installation (EPCI) cables scope on the Seagreen wind farm offshore Scotland, a joint venture project between SSE Renewables and TotalEnergies. The inter-array cable team completed the termination and testing last weekend and the trenching was completed yesterday, said Seaway7. This follows less than six weeks after the final... Continue Reading →
Karoon’s revised resource assessment at oil discovery off Brazil seen as ‘good step forward’
Australia’s oil and gas company Karoon Energy has updated its contingent resource estimates for a field offshore Brazil. This is expected to facilitate the technical and commercial feasibility studies for a potential development, which are currently underway. Karoon added the Neon oil discovery option in May 2022 to the rig it hired in April 2021. Following the Patola completion activities, the Maersk Developer rig,... Continue Reading →
Petrobras’ disposal of floating platform opens doors to Brazilian recycling industry
Brazilian state-owned oil and gas giant Petrobras has concluded the auction for the disposal of a floating offshore platform, as part of its new commitment to sustainable ship recycling. This is believed to be the first recycling project of this sort to be undertaken in Brazil.Petrobras sold the P-32 floating unit, which worked at the Marlim field in the Campos... Continue Reading →