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(Reuters) Italian energy services group Saipem on Monday raised its earnings expectations for 2023 and the next few years after beating 2022 targets as its restructuring plan started to bear fruit. The company reported adjusted core earnings of 595 million euros ($631 million) on sales of 9.98 billion euros last year. This compares with the... Continue Reading →
The maritime classification society DNV has, with its partners, launched a joint industry program to establish a monitoring and reporting framework for assessing greenhouse gas (GHG) emissions in the offshore wind installation sector. The partners of the JIP called EMRED, comprise energy companies, ScottishPower Renewables, RWE, Vattenfall, and Orsted, and installation and operation companies, Jan... Continue Reading →
OceanXpress, a crew change joint venture between Damen Shipyards Group and Ampelmann, recently secured a two-year offshore support contract in cooperation with Compagnie Maritime Monégasque (CMM) with Petrobras off the coast of Brazil. The Damen Fast Crew Supplier (FCS) 7011 Aqua Helix, equipped with an Ampelmann S-type system, will transport personnel to and from offshore... Continue Reading →
Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States came to a stop and remained unchanged last week. However, the total number of rigs operating in the U.S. went down to 753 from 760 units during the previous week. After the number of offshore rigs working in the... Continue Reading →
BP and EnBW are collaborating with research and development experts at the UK-based Offshore Renewable Energy (ORE) Catapult to investigate using zero- or low-emission support vessels at offshore wind farms. The two companies are jointly developing three offshore wind projects in two UK locations – ‘Morven’, a potential 2.9GW lease area off the east coast... Continue Reading →
Heerema Marine Contractors has installed the offshore substation topside on a four-legged steel jacket foundation at Iberdrola's Baltic Eagle offshore wind farm site in Germany, using its Thialf semi-submersible crane vessel. The offshore substation, built by Iemants-Fabricom, will collect the electricity generated by the Baltic Eagle offshore wind farm turbines and transform the supply voltage... Continue Reading →
Oilfield services company TechnipFMC saw 2022 inbound orders grow to $8.1 billion, a 20% growth versus 2021, and its CEO expects more to come in the future. "We are in the midst of a multi-year growth cycle," said Doug Pferdehirt, the Chair and CEO of TechnipFMC. He said that of the $8.1 billion total, majority... Continue Reading →
Optical technology specialist Luna Innovations will provide monitoring services for what will become the largest offshore wind project in the United States - Dominion Energy’s Coastal Virginia Offshore Wind (CVOW) project. The company’s EN.SURE long-range power cable sensing system will be used to monitor the wind farm’s export cable system, which will transport power to... Continue Reading →
Subsea 7's renewables-focused offshore installation subsidiary Seaway7 on Thursday announced it has struck a deal with offshore services company Saipem to collaboratively pursue projects in the growing offshore wind industry. Under the commercial collaboration agreement, the companies plan to jointly identify, bid and execute fixed offshore wind projects, seeking those "where the combined utilization of... Continue Reading →
Dutch FPSO operator SBM Offshore is working on several floating, production, storage and offloading (FPSO) projects and two of these vessels are expected to achieve the first oil this year. While disclosing its record full-year 2022 directional underlying EBITDA of $1 billion, the revenue of $3.29 billion and the year-end backlog of $30.5 billion, SBM... Continue Reading →
Brazil Energy Insight 