Dutch Company Launches Wind Turbine Foundation Installation Vessel Design

(OE) Vuyk Engineering Rotterdam has launched a design for a new offshore wind foundation installation vessel (FIV), called VERticale, in response to ever-growing wind turbines needing larger foundations. "VERticale is developed for an optimized deck layout," says Kuno van den Berg, Department Manager Operational Engineering at Vuyk Engineering Rotterdam. ©Vuyk Engineering Rotterdam "The location of the... Continue Reading →

December 15, 2022 0

Technip Energies to design mega floating offshore wind project

(Reuters) - Italian renewable developer Renexia has selected France's Technip Energies (TE.PA) to study and design key elements of one of the world's biggest floating offshore wind farms, the French engineering group said on Thursday. The French group, which this year launched a division dedicated to energy transition projects, will conduct the front-end engineering and design for... Continue Reading →

December 15, 2022 0

China shipyards feast on record LNG tanker orders as South Korea builders are full up

(Reuters) - China is making fast inroads in the market for newbuild liquefied natural gas (LNG) tankers as local and foreign shipowners turn to its shipbuilders for the specialty vessels because long dominant yards in South Korea are fully booked. Three Chinese shipyards - only one of them having experience building large LNG tankers -... Continue Reading →

December 12, 2022 0

Vattenfall issues inter-array cable contract notice for German offshore wind farms

(OET) Vattenfall Atlantis 1 and Global Tech II Offshore Wind GmbH have issued a contract notice seeking contractors to install inter-array cables for two wind farm projects offshore Germany. The two projects, Vattenfall Atlantis 1 and Global Tech II, are located in the German North Sea, in the N-7.2 and N-6.6 zones. The contract is... Continue Reading →

December 12, 2022 0

Northern Ocean’s Deepsea Bollsta Offshore Drilling Rig Starts Shell Contract in Namibia

(OE) Northern Ocean Ltd's semi-submersible drilling rig, Deepsea Bollsta, has arrived in Namibia and started its contract with Shell. The contract for the 2019-built offshore drilling rig has a firm duration of twelve months. Shell will have the option to extend it for another six months. The drilling rig is managed by the Norwegian drilling... Continue Reading →

December 12, 2022 0

CIMC Starts Construction of Havfram’s First Offshore Wind Turbine Installation Vessel

(OE) Norwegian offshore wind services firm Havfram said Monday that construction had started in China for its first offshore wind turbine installation vessel. Havfram could order four WTIVs in total. Havfram said it had secured an additional USD 250 million in equity funding through a partnership between its primary sponsor, Sandbrook Capital, and Canada's PSP... Continue Reading →

December 12, 2022 0

Ibama green lights start of P-71 production and authorizes installation of FPSO Marechal Duque de Caxias

(TN) The Brazilian Institute of the Environment (Ibama) has granted two important licenses to Petrobras. The first authorizes the start of operations of FPSO P-71 in the Itapu field, in the Santos Basin pre-salt. The document will be valid for eight years. Petrobras expects to start operating the platform in December. As a reminder, the... Continue Reading →

December 10, 2022 0

Guyana partners wrap up deal to fund upcoming exploration well

Partners in the Corentyne block offshore Guyana – Canada’s CGX Energy and Frontera Energy – have completed the previously announced agreement for the block, enabling them to secure funding for their exploration well, which is slated to be spud once the Noble-owned rig, hired for this assignment, arrives at the location. Earlier this year, CGX... Continue Reading →

December 9, 2022 0

Westwood: Record Levels of FPS Throughput Capacity to be Sanctioned in 2022

As we enter the final month of 2022, a review of the floating production system (FPS) market revealed that some E&Ps have been bold with investments in the development of their oil and gas (O&G) reserves, with a total of 1.9 mmboepd (1.3 mmbpd of oil and 3.8 bcfd of gas) of FPS throughput capacity... Continue Reading →

December 9, 2022 0

With improved liquidity comes credit rating upgrade for Weatherford

(OET) U.S. oilfield services player Weatherford International has been assigned an upgrade in credit rating from B- to B with a stable outlook by S&P Global Ratings (S&P). Weatherford disclosed on Wednesday that S&P based the rating upgrade in part on the improvements in financial performance and liquidity. This was driven by “stronger operational performance,” according to the U.S. player.... Continue Reading →

December 9, 2022 0

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Dutch Company Launches Wind Turbine Foundation Installation Vessel Design

Technip Energies to design mega floating offshore wind project

China shipyards feast on record LNG tanker orders as South Korea builders are full up

Vattenfall issues inter-array cable contract notice for German offshore wind farms

Northern Ocean’s Deepsea Bollsta Offshore Drilling Rig Starts Shell Contract in Namibia

CIMC Starts Construction of Havfram’s First Offshore Wind Turbine Installation Vessel

Ibama green lights start of P-71 production and authorizes installation of FPSO Marechal Duque de Caxias

Guyana partners wrap up deal to fund upcoming exploration well

Westwood: Record Levels of FPS Throughput Capacity to be Sanctioned in 2022

With improved liquidity comes credit rating upgrade for Weatherford

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