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Barcelona-based floating wind technology developer X1 Wind said Friday its floating platform had been successfully installed at the PLOCAN test site in the Canary Islands. "As summer trade-winds abated, a suitable weather window allowed X1 Wind and partners from the EU-backed PivotBuoy Project to complete the installation process, connecting the fully-functional floating wind prototype to... Continue Reading →
(OE) Ocergy has won a the pre-FEED foundation design contract for its OCG-Wind foundation technology to be deployed at the Salamander floating offshore wind project, run by a joint venture between Simply Blue Group, Ørsted, and Subsea7. Ocergy has developed OCG-Wind, descibed as a novel and efficient floating wind turbine foundation, to support very large... Continue Reading →
(OEM) Fugro has reported a revenue of €480.2 million for the third quarter of 2022, an increase of 17.4% compared to €378 million in Q3 2021, said to be supported by high demand for offshore wind solutions. The increase in revenue was fuelled by ongoing high client demand across markets, most notably renewables, and to... Continue Reading →
Offshore drilling company Transocean said Thursday that its Deepwater Atlas, the world's first 8th generation drillship, had started its first contract. The offshore drilling rig, delivered by Singapore's Sembcorp Marine in June, is under a contract with Beacon Offshore Energy in the U.S. Gulf of Mexico. The Deepwater Atlas is the first of two ultra-deepwater drillships... Continue Reading →
DOF Group has reported that its fleet achieved an average utilization of 88% in the third quarter of 2022, an increase from 83% in the same period last year, backed by “continued high activity and good performance” in subsea regions. In Q3 2022, DOF’s revenue totaled NOK 2,862 million, an increase from NOK 2,052 million in Q3... Continue Reading →
Brazilian oil and gas player Enauta has interrupted production from a well located on a field offshore Brazil ahead of the original schedule and prior to embarking on its new drilling campaign next month. Enauta reported the interruption of production from the well 7-ATL-3H-RJS, which is located at the Atlanta field, on Wednesday. The Brazilian player... Continue Reading →
(OE) Singapore's Sembcorp Marine (Sembmarine) scrapped a deal to merge with Keppel Corp's offshore and marine unit and form new company, in favour of directly buying the unit for S$4.50 billion ($3.19 billion), the Temasek-backed oil rig builder said on Thursday. The new structure also lowers the value of Keppel's unit by S$378 million from... Continue Reading →
(U) UK contractor TechnipFMC is on track this year to win new orders totaling almost $7 billion from the subsea sector alone — up as much as 40% year-on-year, and the contractor’s opportunities list is at a record high. “Extending the outlook into 2023, we believe orders over the next five quarters will be at... Continue Reading →
Italy's Saipem improved its guidance for the full year after third-quarter adjusted core earnings and revenue beat analysts' expectations. The energy contractor reported on Thursday an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of 215 million euros ($216.74 million) compared with an analysts' consensus of 136 million euros. EBITDA was negative for 25... Continue Reading →
(OM) Petrobras has issued an update on the latest FPSOs added to its fields offshore Brazil. On June 21, the P-68, which operates in the Berbigão and Sururu fields in the Santos Basin, reached full production capacity and earlier this month achieved a production record of 161,000 bbl/d. This was above the floater’s nominal capacity and followed... Continue Reading →
Brazil Energy Insight 