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Greek cable manufacturer Hellenic Cables has been selected by the European Commission to take part in delivering the Infinite project aimed at accelerating industrial-scale floating wind. The Infinite project includes the deployment and testing of a 4.8 MW floating wind pilot system at a 100-meter water depth and the creation of a disruptive and environment-friendly concrete... Continue Reading →
Offshore drilling firm Seadrill said Tuesday it had completed the previously proposed acquisition of Aquadrill, a company previously known as Seadrill Partners. In connection with the completion of the transaction, Seadrill issued an aggregate 29,866,505 common shares to former Aquadrill unitholders and equity award holders, resulting in issued share capital of $798,665.03 divided into a... Continue Reading →
(OE) Gazelle Wind Power, a Dublin-based company that develops foundations for floating offshore wind farms, has partnered up with renewable energy developer WAM Horizon to accelerate the development of a pilot plant using Gazelle’s floating wind platform in Aguçadoura, Portugal. WAM will provide Gazelle with strategic advisory to successfully implement this project. Portugal-based WAM Horizon... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has started the contracting process for the chartering of two platform vessels for the Sergipe Deepwater Project (SEAP), in the Sergipe-Alagoas Basin, about 100 km off the coast. The FPSO (floating production, storage, and oil transfer system) type units will be strategic to expand the availability of... Continue Reading →
(OE) Danish offshore wind turbine maker Vestas said Monday that its most powerful wind turbine, the V236-15.0 MW prototype, stretching 280 meters into the air, had reached 15 MW nominal power rating. "The prototype was installed in December 2022 and produced its first kWh of power shortly after. Since then, the turbine has been through a... Continue Reading →
Singapore-based Sembcorp Marine said Monday it was proposing to change its name from “Sembcorp Marine Ltd” to “Seatrium Limited." This follows the completion of the combination of the company's businesses and Keppel Offshore & Marine Ltd on February 28, 2023, and will adopt a new branding for the enlarged entity. "The proposed change of name... Continue Reading →
(OE) Heerema Marine Contractors has completed the installation of 24 turbines for Parkwind’s Arcadis Ost 1 offshore wind farm and most turbines are already producing electricity. Three remaining turbines will be installed later this year. The 257 MW offshore wind farm is located in the German section of the Baltic Sea, northeast of the island... Continue Reading →
(OE) Italian energy industry services firm Saipem said Monday it had won three new offshore contracts and two competitive FEED contracts totaling around $650 million. Azule Energy has assigned the first contract for the Agogo Full Field Development project, a deepwater greenfield development, approximately 180 kilometres offshore Angola, about 20 kilometres west of the N’Goma... Continue Reading →
SBM Offshore is pleased to announce it has signed the project financing of FPSO Almirante Tamandaré for a total of US$1.63 billion. The project financing is provided by a consortium of 13 international banks with insurance cover from 4 international Export Credit Agencies (ECA). The financing is composed of five separate facilities with a ca.... Continue Reading →
(Reuters) - General Electric Co (GE.N) has settled all its outstanding wind turbine technology patent disputes in the United States and Europe with Siemens Gamesa Renewable Energy S.A (GAM.HA), the companies said on Friday. Terms of the settlement, which was described as amicable, were not disclosed. Under the deal, the companies and their subsidiaries will receive cross licenses... Continue Reading →
Brazil Energy Insight 