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Cathie has been awarded a contract to provide geophysical and geotechnical consultancy services for the up to 1.7 GW Bluepoint Wind offshore wind project in the United States. Located 38 nautical miles off the coast of New York and 53 nautical miles off the coast of New Jersey, Bluepoint Wind offshore wind project is being... Continue Reading →
Norway's Green Yard Kleven has completed and delivered two retrofit projects for the Brazilian shipowner Oceanica. Oceanicasub Vlll and Oceanicasub lX have been rebuilt from offshore supply vessels to advanced offshore vessels for ROV- and crane operations. "Both rebuilding projects were largely based on reused equipment and focused on sustainability at the request of the... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE) announced on Wednesday a capital increase via a private share placement to help refinance its 4 billion euro ($4.22 billion) takeover of wind power subsidiary Siemens Gamesa. The offer and sale of new shares will be made exclusively to institutional investors in the placement initiated immediately, it said. Siemens Energy's share capital... Continue Reading →
Subsea 7 has completed the acquisition of additional shares in Seaway 7, bringing its total ownership of the issued and outstanding share capital in the company to 93.94 per cent. On 14 March, Subsea 7 announced it had completed the acquisition of 187,889,551 shares in Seaway 7, corresponding to 21.52 per cent of Seaway 7’s... Continue Reading →
BW Offshore said Wednesday it had closed the transaction for the sale of the FPSO BW Opportunity for $125 million to an undisclosed third party. The Oslo-listed FPSO provider last Friday said it had agreed to sell the laid-up FPSO to an unnamed buyer. The company said last Friday it was also exploring the commercial principles... Continue Reading →
Oil and gas company Karoon said Wednesday that production had started from the PAT-2 at the Patola field in the BM-S-40 production license in Brazil. The well, one of two new production wells drilled at the field, came onstream on March 15, 2023 at a rate of 12,000 – 14,000 bopd. This followed the installation... Continue Reading →
(OM) More countries plan to stage their first offshore wind lease rounds in 2023, according to the latest Global Market Overview from TGS subsidiary 4C Offshore. At the same time, project development and FIDs will slow offshore wind expansion in the short term. The report cites slow permitting, delays in offtake auctions, supply chain issues... Continue Reading →
Engeman won the tender from Petrobras and will expand its presence the Roncador Cluster, one of the largest oil and gas producers in Brazil. This time, the Company will be responsible for a variety of activities in disciplines such as mechanical, electrical, instrumentation, refrigeration, maintenance planning, cargo handling, climbing services, refrigeration engineering, air conditioning, inspection,... Continue Reading →
With more than $200 billion of greenfield investments expected by 2025, the offshore oil and gas sector is expected to get back in the spotlight, according to Rystad Energy, an energy market intelligence group. Rystad Energy’s research shows that annual greenfield capital expenditure (capex) broke the $100 billion threshold in 2022 and will break it again... Continue Reading →
Offshore installation company Ocean Installer has won a contract with Equinor for the installation of dynamic inter-array cables on Hywind Tampen in Norway. Hywind Tampen is the world’s largest floating wind farm and will be used to partially power Equinor's oil and gas platforms in the North Sea, offshore Norway. The wind farm is expected... Continue Reading →
