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(OE) The events of the last month have shown that, despite some negative factors, the impetus to continue to grow the U.S. offshore wind segment has lost little steam. The foundations are firmly in place to support the deployment of 30 gigawatts (GW) of offshore wind by 2030 and 110 GW by 2050. Two major... Continue Reading →
U.S.-based energy giant ExxonMobil has picked another vessel from Kotug, a Dutch towage services provider, for operations entailing the provision of terminal towage support for two floating production, storage and offloading (FPSOs) units offshore Guyana. Kotug revealed on Tuesday that this deal was awarded by ExxonMobil’s subsidiary Esso Exploration and Production Guyana (EEPGL) and it... Continue Reading →
(Reuters) - SBM Offshore (SBMO.AS) on Thursday revised its annual guidance upwards as the Dutch oil and gas services firm sees the transition to renewable energies from fossil fuels benefiting its project portfolio, sending its shares higher. The group, which plans to achieve net-zero emissions by no later than 2050, set intermediate greenhouse gas-related targets as the... Continue Reading →
Total contract drilling revenues were $692 million, compared to $586 million in the first quarter of 2022 (total adjusted contract drilling revenues of $722 million, compared to $615 million in the first quarter of 2022);Revenue efficiency(1) was 97.8%, compared to 94.9% in the prior quarter;Operating and maintenance expense was $433 million, compared to $412 million in the prior period;Net loss attributable to controlling interest... Continue Reading →
Engineering firm Wood said it has been awarded the Principal Designer and Pre-FEED scope for Salamander, the 100MW floating wind farm development located 35km off Peterhead in the East Coast of Scotland. The Salamander project, a joint venture between Simply Blue Group, Ørsted and Subsea 7, will contribute toward achieving the UK government’s target of... Continue Reading →
Offshore drilling contractor Valaris on Wednesday announced that Chris Weber has commenced his role as senior vice president and chief financial officer, having been appointed to the role in late May. Weber previously served as CFO of LUFKIN Industries, the global provider of rod lift optimization solutions, products, technologies and services to the oil and gas... Continue Reading →
Offshore staff (OM) For the month of July, oil and gas discoveries were announced across five offshore regions: the Far East, Middle East, North Sea/Barents, South America, and the US Gulf of Mexico, Esgian reported Aug.2. These regions accounted for seven discoveries. The analyst firm said floating rigs led the way, drilling five of the... Continue Reading →
(OM) Prosafe, an owner and operator of semisubmersible accommodation vessels, said its fleet utilization rate in second-quarter 2022 was 81% (Q2 2021: 65.8%), with five out of seven vessels in full operation throughout the quarter, according to the company's latest quarterly results report. Safe Boreas was working part of the quarter while Safe Scandinavia remains idle. This is the highest... Continue Reading →
(TN) The average monthly production of 616,000 barrels of oil per day (bpd) achieved in June at the Búzios Field, in the pre-salt layer of the Santos Basin, is the highest monthly average volume recorded in this field since the beginning of its operation in April 2018. According to Petrobras, the total represents an operational... Continue Reading →
Technology developer X1 Wind said it has laid its dynamic cable clearing way for final installation of its fully functional floating wind prototype at the PLOCAN Test Site, in the Canary Islands. Having installed the modular concrete gravity anchoring system last spring, the Barcelona-headquartered firm is now announcing another milestone in its first ocean deployment... Continue Reading →
Brazil Energy Insight 