PXGEO Secures Equinor Deal for Autonomous Subsea Inspection Trials

June 10 (OE) PXGEO has signed a one-year framework agreement with Equinor to conduct autonomous subsea inspection trials using Saab's Sabertooth Underwater Intervention Drone (UID) technology. The agreement will see the companies test and verify autonomous inspection capabilities, including validation of autonomous behaviors for offshore inspection operations. The first call-off under the agreement is already... Continue Reading →

Venezuela comeback faces Guyana oil challenge

June 8 (oilnow.gy) Going back to Venezuela might be a stretch for big oil with other more attractive places nearby like Guyana. That was the assessment from Texas-based energy attorney Ted Borrego in an S&P Global article published May 20, as analysts weighed whether Venezuela’s planned debt restructuring could eventually reopen the door to major... Continue Reading →

Renewable energy investors mobilize for Brazil battery auction, but warn of risks

 June 3 (Reuters) - Major international renewable energy investors are lining up for Brazil’s first battery auction, announced by the government on Wednesday, boosting hopes that the storage units ​will obtain the financial resources to purchase power from the country's struggling ‌renewable generators. Solar and wind energy projects have been hit by hundreds of millions... Continue Reading →

GustoMSC Unveils New Jacking Technology for Offshore Wind Vessels

June 2 (OE) GustoMSC, NOV’s offshore design and engineering business, has developed a new asymmetrical rack-and-pinion technology designed to increase the jacking capacity of offshore wind installation vessels without increasing vessel size, weight or system complexity. The patent-pending asymmetrical rack-and-pinion (ASYM R&P) technology builds on the company’s existing rack-and-pinion jacking systems and is designed to... Continue Reading →

MODEC Guyana seeks contractors for FPSO mooring hook-up services for Hammerhead project

June 2 (oilnow.gy) MODEC Guyana is seeking contractors for floating production, storage and offloading (FPSO) vessel mooring hook-up services for the Hammerhead project offshore Guyana, according to a Request for Information (RFI) published on June 1 through the Centre for Local Business Development (CLBD).   The opportunity forms part of preparations for the Hammerhead development, which is expected... Continue Reading →

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