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(OE) The market for floating production systems is booming, according to World Energy Reports' (WER) latest assessment of activity and developments in the offshore oil and gas market. “Business conditions and market sentiment in the deepwater sector have seldom been so positive,” said Jim McCaul, founder and principal analyst of WER. “Major upstream operators continue... Continue Reading →
(OW) DNV has notified Odfjell Oceanwind that the main scantling approval of its Deepsea Semi floating wind foundation design is close to completion. The main scantling class approval is based on the SG 11.0-200 DD offshore wind turbine from Siemens Gamesa. The Deepsea Semi floating wind foundation design is developed for use in floating wind... Continue Reading →
Norway's World Wide Wind has a radically different take on offshore wind power. These floating, vertical-axis wind turbines (VAWTs) feature two sets of blades, tuned to contra-rotate – and they promise more than double the output of today's biggest turbines. Taking wind farms way offshore can certainly help make them less obtrusive, and open up... Continue Reading →
Oilfield services giant Baker Hughes said Tuesday it had launched its new fast all-electric tiebacks solution. The company said the solution was "driving cost efficiencies through optimized architecture and reduced topside footprint, and delivering environmental benefits for subsea operations." "Fast all-electric tiebacks solutions provide structured building blocks for major subsea assemblies to reduce cycle time... Continue Reading →
Aker Solutions, Schlumberger and Subsea 7 have entered into agreements to form a joint venture, with the goal of delivering a step change in subsea production economics. The proposed joint venture will comprise the subsea businesses of Schlumberger and Aker Solutions, with Subsea 7 purchasing 10% of the joint venture. The business is expected to... Continue Reading →
Offshore drilling contractor Valaris has revealed that one of its jack-up rigs is heading to Trinidad to work for oil major BP. In a social media update on Monday, Valaris said that the Valaris 118, formerly known as Joe Douglas, is heading to Trinidad after a successful campaign in Mexico. The 2012-built rig had been in... Continue Reading →
(Reuters) - Ecuadoran state oil company Petroecuador has asked global commodities trader Trafigura to stop importing Russian diesel in an effort to comply with sanctions targeting Russia's energy exports, Petroecuador said in a statement late on Sunday. Petroecuador's public warning to Trafigura follows European Union and United States sanctions imposed on Russian energy supplies after... Continue Reading →
CGG, PGS and TGS have announced that Schlumberger has become a part of Versal, increasing its coverage to the vast majority of the world’s multiclient seismic data. Versal was created by CGG, PGS and TGS in 2020 and launched in 2021 to provide a vendor-neutral, single point of access to the largest multiclient data libraries with enhanced efficiency and usability. The companies said Versal is a... Continue Reading →
Maritime classification society The American Bureau of Shipping (ABS) on Monday launched detailed requirements for greener offshore operations in what it said was the first sustainability guide to target the offshore industry. "Developed by working with major offshore industry clients, ABS today launches a revised sustainability guide expanded with offshore asset compliance requirements.The updated ABS Guide for... Continue Reading →
A geophysical site survey campaign is set to begin in September at the proposed Inis Ealga Marine Energy Park floating offshore wind project in Ireland. DP Energy Ireland plans to kick off the geophysical surveys on 2 September at the site located off counties Cork and Waterford. The works will be carried out by ILV... Continue Reading →
Brazil Energy Insight 