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Active floating drilling rig utilization has rebounded from a low of 65% in 2018 to over 85% in 2023, energy intelligence group Wood Mackenzie said Monday, adding that the growth in demand and rates could even spur construction of new offshore rigs. "According to Woodmac, the number of contracted ultra-deepwater (UDW) benign rigs has returned... Continue Reading →
(OET) UK-headquartered oil and gas company Tullow Oil is mulling over all options for its interest in an oil field located offshore the Ivory Coast. This comes after BW Offshore secured a short-term contract extension for one of its floating, production, storage and offloading (FPSO) vessels, which is working at the field. As Tullow Oil’s... Continue Reading →
(OE) German renewable energy firm RWE has signed an agreement with Luxembour-based offshore installation firm Jan De Nul Group to secure the long-term usage of two next-generation installation vessels, “Les Alizés” and “Voltaire, for future offshore wind foundation and turbine construction. The charters are supported by a Service Agreement through which Jan De Nul Group... Continue Reading →
(OET) Brazilian offshore oil and gas industry services provider Ocyan has confirmed the completion of its restructuring process, which enabled it to separate its drilling business into a new company, temporarily being called DrillCo. The business side covering offshore production, subsea construction and decommissioning, maintenance, and offshore services remains fully at Ocyan, according to the... Continue Reading →
Dril-Quip has installed an 18 ¾-inch BigBore IIe, its newest subsea wellhead system, for the Petrobras Exploratory project in the Aram Block in the Santos Basin offshore Brazil. Water depth is 2,002 m. According to Dril-Quip, the system’s sealing technology is qualified to the latest Petrobras standards. It is designed to reduce costs through dispensing... Continue Reading →
(Reuters) Russia's largest producer of liquefied natural gas (LNG) Novatek last year offered technology to build a plant to produce the gas from Argentina's Vaca Muerta field, a highly-placed source familiar with the proposal said, though the talks have since broken off. The source said that Novatek proposed to help implement Argentina's plans to build... Continue Reading →
(OE) The installation of the first monopiles and transition pieces has kicked off for the first commercial-scale offshore wind farm in the United States - the Vineyard Wind 1. “We can finally say it – as of today, there is ‘steel in the water,’” said Klaus S. Moeller, CEO of Vineyard Wind, the company developing the Vineyard Wind... Continue Reading →
(OW) DNV has awarded Bassoe Technology an Approval in Principle (AiP) for a 17 MW D-Floater floating wind foundation, designed to withstand extreme 50-year typhoon conditions in the South China Sea. The AiP verifies that the design is feasible for the intended application, and, in principle, complies with the applicable requirements in accordance with DNV... Continue Reading →
(OW) Japanese-based Mitsui O.S.K Lines (MOL) and its compatriot Toyo Construction have established a joint venture focusing on offshore wind power generation. Through the joint venture, the companies said that they will create stronger synergies in a wide range of areas related to offshore wind, including survey planning, procurement of work vessels, and offshore construction.... Continue Reading →
(Reuters) - Renewable energy group Orsted (ORSTED.CO) will invest 475 billion Danish crowns ($68 billion) to achieve a 2030 goal to install 50 gigawatts (GW) of power capacity, it said in an investor update on Thursday. The Danish company said the plans were fully self-funded and it expected to exceed goals set in 2021 for earnings before... Continue Reading →
