Brought to you by Quest Offshore & Southern Cone Consultants
Dutch geo-data specialist Fugro and Brazilian oil and gas giant Petrobras have completed what they said is the first-ever remote subsea inspection survey off the coast of Brazil. Fugro used a remotely operated vehicle (ROV) deployed from the Fugro Aquarius to conduct the survey. Office-based personnel piloted the ROV from an operations center in Aberdeen, Scotland, instead of from the... Continue Reading →
An industrial-scale concept for a floating production unit to produce green ammonia has secured Approval in Principle (AiP) from DNV, and the project is now ready to start the Basic Design phase. The NH3 FPSO concept is being developed by Netherlands-based SwitchH2 BV and Norway-based BW Offshore and will be built through conversion of an existing Very Large Crude Carrier (VLCC) or a dedicated newbuild vessel. Receiving power... Continue Reading →
Italian cabling giant Prysmian Group has reported that 2022 was its best year ever in terms of financial results as its profits and cash generation had grown by over 50 per cent. For 2022, Prysmian’s adjusted EBITDA amounted to €1,488 million, representing a +52.5 per cent growth compared to 2021, while group net profit soared... Continue Reading →
When General Electric Co's investors gather on Thursday, the focus will be on the company's loss-making renewable energy business as well as persistent supply-chain challenges at its aerospace unit. A $100 billion reduction in debt since 2018, coupled with a successful spin-off of its healthcare business and strong demand at its aerospace business, have shored... Continue Reading →
Norwegian offshore vessel owner Siem Offshore has secured a medium-term contract for the AHTS Siem Topaz for client Helix Robotics Solutions Inc. in Taiwan. The contract will start during March 2023. The contract has a firm period reaching into the fourth quarter of 2023. Siem Offshore said the vessel would be employed for a project... Continue Reading →
(OE) Oslo-listed FPSO provider BW Offshore has agreed to sell the laid-up FPSO BW Opportunity to an undisclosed third party for $125 million. BW Offshore said Friday that the sale was subject to conditions precedent and is expected to be completed by the end of the first quarter of 2023. In parallel, BW Offshore said... Continue Reading →
German renewable energy company RWE has selected Siemens Gamesa's offshore wind turbines with recyclable blades for its Sofia offshore wind farm in the UK. Siemens Gamesa said it would supply 44 SG 14-222 DD (14MW) wind turbines with 132 recyclable blades. The order comes after, in 2022, RWE became the first commercial, large-scale offshore developer to install... Continue Reading →
Malaysian FPSO provider Yinson has partnered up with industrial software firm AVEVA to enable Yinson to develop "fully autonomous and sustainable" Floating Production Storage and Offloading (FPSO) solutions. "AVEVA’s software, in combination with [Yinson's] FPSO expertise and extensive data sets, will enable [Yinson] to operate its FPSO with minimal human involvement, and with a vision for... Continue Reading →
(OM) The latest analysis from McKinsey & Co. reveals that oil and gas industry costs could increase between 6% and 10% in 2023 due to labor uncertainties and raw materials inflation. The analysis finds that primary operation tasks, such as regular inspections and maintenance, are becoming more expensive as labor rates grow upwards of 9% per... Continue Reading →
Westwood Global Energy, an energy market research and consultancy firm, has revealed that offshore rig scrapping is at its lowest level in years, as the offshore drilling market’s recovery intensifies. As a result, cold-stacked rigs are being increasingly reactivated for new assignments amid growing demand and elevated day rates. According to Westwood’s analysis, during the... Continue Reading →
Brazil Energy Insight 