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After months of absence, Seadrill, an offshore drilling contractor, has returned to the Oslo Stock Exchange (OSE). Back in February 2021, Seadrill filed for Chapter 11 bankruptcy, its second in about four years. It took about a year of restructuring for Seadrill to emerge from bankruptcy. The relisting updates came about two months after this. Come... Continue Reading →
(OE) Over the last few years, many statements have been made concerning growth in offshore wind turbine and foundation installation demand. These statements have been followed, in some cases, by firm orders for high-specification vessels, mainly from established players. However, many of the announcements remain unconverted into shipyard orders. According to a new report released... Continue Reading →
(OET) Offshore drilling contractor Valaris has revealed that one of its rigs has completed its task in the U.S. Gulf of Mexico (GOM) with Murphy Oil, a Houston-based oil and gas company. As a result, the rig moved to Mexico to embark on drilling assignments, which were secured earlier this year. Back in January... Continue Reading →
(OE) Oil and gas exploration is likely to continue to have an important role in the decades to come, a view reinforced by the 2022 energy crisis and growing energy security needs, according to energy intelligence group Westwood. In the offshore drilling space, Westwood says that the year 2022 has seen a continued increase in... Continue Reading →
(Reuters) Siemens Energy on Wednesday reported a record order backlog of nearly 100 billion euros ($104 billion), boosting its shares and overshadowing a widening net loss blamed on its struggling wind turbine division, Siemens Gamesa. Siemens Energy - which provides services and equipment to the power sector, such as gas and wind turbines - said... Continue Reading →
Vattenfall has issued a call for tenders under which it will award a framework agreement for cable testing and fault-finding services for its offshore wind farms in Europe. The tender is divided into three lots. The company is looking to award a framework agreement with a maximum of five contractors per lot for the repair... Continue Reading →
The availability of emission-lowering upgrades for offshore rigs has been on the rise, but adoption of these new technologies is slow outside of Norway and the US Gulf of Mexico due to limited regulatory and financial incentives, energy intelligence group Westwood has found. According to Westwood the biggest users of rigs fitted with emission reduction... Continue Reading →
Norway's Kongsberg Maritime has secured a NOK 300 million ($30,2 million) contract with Pelagic Wind Services to supply advanced vessel design and equipment for two new CSOVs to be built at Cochin Shipyard in India. The CSOVs will be built to Kongsberg Maritime’s UT 5519 HL design, which, according to Kongsberg, has been upgraded to... Continue Reading →
Italian energy industry services firm Saipem said Wednesday it had secured new offshore drilling contracts, three in the Middle East and two in West Africa, worth around $800 million in total. In the Middle East, two new contracts have been awarded for two high-specification jack-up drilling units, the Perro Negro 12 and Perro Negro 13,... Continue Reading →
(OE) Dutch engineering firm Huisman has won a contract by TOA Corporation and Obayashi in Japan for the delivery of an offshore wind monopile gripper. "The gripper allows TOA and Obayashi to upend and install monopiles without using a separate upending bucket, improving safety and efficiency ofoperations on board," Huisman said. According to Huisman, its monopile gripper will be the first of its... Continue Reading →
