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(Reuters) SBM Offshore revised upwards its full-year revenue and core profit forecast on Thursday after the Dutch oil and gas services firm pointed to "solid" quarterly results. The company now expects an annual revenue of more than $3.2 billion, bringing earnings before interest, taxes, depreciation and amortisation (EBITDA) for the year to around $1 billion.... Continue Reading →
(Reuters) - Wind turbine maker Siemens Gamesa (SGREN.MC) said on Thursday it missed its full-year target as revenue declined, mostly due to delays in project execution and supply chain disruptions hampering production of wind turbine generators. The company said its core earnings margin during the year that ended on Sept. 30 was minus 5.9%, below its own August... Continue Reading →
TGS has commenced a 3D data reprocessing program offshore Uruguay, which covers blocks in the country’s active licensing round. Tannat 3D PSDM Repro consists of 25,000 square kilometers. According to TGS, the data will be regionally integrated and reprocessed using advanced techniques, including de-ghosting, improved velocities and pre-stack merge and migration to depth. This newly... Continue Reading →
U.S. oil major ExxonMobil plans to order another floating production storage and offloading (FPSO) vessel for a project in Guyana from the Dutch FPSO operator, SBM Offshore. SBM Offshore said in a short statement on Wednesday that it has signed a Memorandum of Understanding (MOU) with ExxonMobil Guyana for the construction of a multi-purpose floater... Continue Reading →
Belgium-based offshore installation company DEME said Wednesday it had secured contracts representing 1 GW for the Hai Long wind farms in Taiwan. DEME said that the deal between its Taiwan JV CSBC-DEME Wind Engineering (CDWE) and Hai Long Offshore Wind followed nearly three years of planning and preparation under a preferred bidder agreement. The large... Continue Reading →
U.S. oil major ExxonMobil has made a discovery at the Bavuca South-1 exploration well at the Block 15, offshore Angola. The well encountered 30 meters (98 feet) of high-quality, hydrocarbon-bearing sandstone. It is located approximately 365 kilometers northwest off the coast of Luanda and was drilled in 1,100 meters (3,608 feet) of water. ExxonMobil usied the... Continue Reading →
Dutch offshore installation company Heerema Marine Contractors has recently tested C1 Connections' C1 Wedge Connection offshore. The C1 Wedge Connection is said to be a high-capacity connection that can be installed faster and safer than conventional bolted flange connections. It can be used in off- and onshore wind turbines, both in turbine towers and foundations. ... Continue Reading →
Prysmian Group has expanded its cable-laying fleet to five vessels with the addition of the ultra-shallow-water barge Barbarossa I. With the addition of Barbarossa I, Prysmian said it can now provide the full range of subsea cable-laying solutions, from the shallowest coastal waters in Northern Europe to the profoundest depths of the Mediterranean Sea and can execute... Continue Reading →
Energy industry engineering and maintenance services company Sparrows Group has secured a two-year contract to provide crane maintenance services onboard Tullow Oil’s FPSO Kwame Nkrumah at the Jubilee offshore oil field in Ghana. Sparrows will be responsible for the maintenance, performance, and reliability of the main deck cranes installed and in operation onboard the FPSO... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE) opened on Tuesday a 4.05 billion euro ($4.05 billion) bid for the third of the shares it does not own in its unit Siemens Gamesa (SGREN.MC), the German company said. The acceptance period will last 36 calendar days and is expected to end on Dec. 13 2022, said the company, after the Spanish... Continue Reading →
