Brought to you by Quest Offshore & Southern Cone Consultants
ExxonMobil has made yet another oil discovery in Guyana's prolific Stabroek offshore block. The news of the new offshore oil discovery in Guyana was shared by Hess Corp., ExxonMobil's partner in the block, where around 11 billion barrels of oil have been discovered in recent years. According to Hess, a partner alongside China's CNOOC in... Continue Reading →
(OE) Hitachi Energy and industry group WindEurope have published a new report which concludes that Europe needs more meshed grids to ensure its offshore wind development. Meshed grids are clusters of offshore wind farms with fewer cables connected to the shore that can route power to two or more national grids. In total, governments across... Continue Reading →
Operator Wintershall Dea and its partners Harbour Energy and Sapura OMV have made a significant oil discovery on the Kan exploration prospect in Block 30, located in the shallow waters of the Cuenca Salina in the Sureste Basin, offshore Mexico. Based on preliminary estimates, the discovery may contain 200 to 300 million barrels oil equivalent... Continue Reading →
(OE) Export Finance Norway (Eksfin) has financed Nexans Norway’s new UK export cable contract with NOK 2bn (£155m) in loan guarantees. "The transaction covers the export and installation of advanced high-voltage subsea cables for the Moray West wind farm off the coast of Scotland. Export Finance Norway (Eksfin)’s global portfolio of loans and guarantees covering... Continue Reading →
(OE) Danish offshore wind installation firm Cadeler said Tuesday it had signed two contracts with Ørsted for the Hornsea 3 offshore wind farm in the UK. Cadeler said that together, the two contracts constitute a very large contract award. Cadeler classifies a very large contract as being worth between 500-700 million EUR. The first contract... Continue Reading →
Fugro has completed what is said to be the world’s first fully remote ROV inspection of an offshore wind farm using its Blue Essence uncrewed surface vessel (USV). The operations were carried out at the Aberdeen offshore wind farm in the North Sea, also known as the European Offshore Wind Deployment Centre (EOWDC) using one... Continue Reading →
(OE) Danish wind turbine maker Vestas said Tuesday it had won an order from Hibiki Wind Energy to supply being turbines for the Kitakyushu-Hibikinada offshore wind farm project in Japan. The offshore wind project is located offshore Kitakyushu city, Fukuoka prefecture. Under the wind turbine order, Vestas will supply and install 25 V174-9.5 MW offshore... Continue Reading →
(OE) Gazelle Wind Power, a Dublin-based developer of foundations for floating offshore wind farms, is unveiling third-generation technology this week at a wind industry event in Denmark. The company said its enhanced design "further refines Gazelle’s solution to address the primary challenges facing the offshore wind industry—such as cost, supply chain bottlenecks, and sustainability—by providing... Continue Reading →
(Reuters) Halliburton Co reported a higher first-quarter profit on Tuesday, wrapping up upbeat earnings from the world's top oilfield services providers as higher oil prices encouraged drilling activity and boosted demand for services and equipment. Global oil futures are currently trading around $82 a barrel, down about 20% from a year ago but remain well... Continue Reading →
(Reuters) After a bumper year for floating offshore wind farm tenders, the nascent industry is poised for explosive growth in the coming decade as countries strive to cut their carbon emissions. But it's unlikely to be all plain sailing. Rising costs and supply chain bottlenecks have hit some projects and without investment in infrastructure to... Continue Reading →
