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Oslo-listed FPSO leasing firm BW Offshore has signed a short-term contract extension for the Abo FPSO in Nigeria. The contract, which runs until January 14, 2023, is with Nigerian Agip Exploration Ltd, a subsidiary of the Italian oil giant Eni. BW Offshore said that the short-term extension would allow time to finalize terms for a... Continue Reading →
(OP) Guyana’s offshore oil boom continues to gain momentum. It is the ExxonMobil-led consortium operating the 6.6-million-acre Stabroek Block offshore Guyana which stands to benefit the most from what analysts describe as the last great frontier offshore oil boom. The global energy supermajor has made over 32 world-class discoveries in the Stabroek Block and is... Continue Reading →
(OET) With the lessening of restrictions imposed due to the COVID-19 pandemic, expectations of the oil and gas market’s recovery dominated at the start of 2022 prior to the Ukraine crisis. In the wake of Russia’s war in Ukraine, many industries, including the offshore energy industry, were thrown for a loop, which caused a lot... Continue Reading →
Sembcorp Marine has completed the delivery of the Deepwater Titan drillship, the world’s second 8th-generation drillship, to Transocean’s subsidiary Triton Titan. Following the delivery, Deepwater Titan is scheduled for deployment on a five-year contract in the U.S. Gulf of Mexico. According to Sembcorp Marine, Deepwater Titan, based on the company’s proprietary Jurong Espadon 3T design,... Continue Reading →
The Brazilian oil company Petrobras has launched a tender for the supply of two FPSOs for the shared reservoirs of Atapu and Sépia, with bids expected to be received in July 2023 and production to start in 2028. The offshore production units P-84 (Atapu) and P-85 (Sépia) will each have a daily production capacity of... Continue Reading →
(CN) The United States has long hovered on the cusp of an offshore wind energy boom, even as the industry has soared worldwide. After many fits and starts, only seven turbines are spinning off the U.S. coast, representing 0.1 percent of the total global capacity of offshore wind farms. Now that’s all starting to change. With companies hitting major... Continue Reading →
Modec’s FPSO Anita Garibaldi is already in Brazilian waters. The platform vessel arrived at the Jurong Aracruz shipyard, in Espírito Santo, where it will undergo commissioning activities, in addition to regulatory inspections and operational tests. Right after these final preparatory works, the unit will leave for the Marlim field, in the Campos Basin. Start-up is... Continue Reading →
(PN) The company concluded its first issue of simple debentures, in a restricted public offering. The transaction totaled BR$1.4 billion, of which approximately BR$737 million were First Series debentures and approximately BR$663 million were Second Series debentures, both non-convertible into shares. The funds raised will be used by the company in the development of the... Continue Reading →
DEME Offshore has picked Tekmar Group to supply Cable Protection Systems (CPS) for the third phase of Dogger Bank Wind Farm in the UK. Under the contract signed with DEME Offshore, Tekmar will design, manufacture, and supply 172 CPS for Dogger Bank C. The first systems for the project’s third phase are expected to be... Continue Reading →
(OET) Twentsche Kabelfabriek (TKF) has started the construction of a new cable factory at the Beatrixhaven site in Eemshaven, the Netherlands. According to Groningen Seaports, TKF will use the new factory to produce subsea cables to connect wind turbines from offshore wind farms to power stations. The new facility will be complementing TKF’s existing production... Continue Reading →
Brazil Energy Insight 