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(Reuters) - Italy's Saipem (SPMI.MI) said on Thursday it would have financial resources available for less than one year if its plans to raise capital did not go through. The Italian energy services group on Wednesday launched a 2 billion-euro ($2.10 billion) rights issue, which will start on June 27, as it strives to bolster its finances... Continue Reading →
Offshore drilling contractor Valaris has revealed that one of its drillships has set off towards Angola to embark on its new assignment with an affiliate of the U.S. energy giant, ExxonMobil. Back in October 2021, Valaris won a two-year deal for the drillship VALARIS DS-9 with Esso Exploration Angola, an affiliate of ExxonMobil, for operations offshore Angola. At... Continue Reading →
Westwood Global Energy Group (Westwood) has revealed that of the 121 GW worth of floating offshore wind projects that the company is currently tracking using its WIndLogix intelligence software, close to 15 GW of floating wind capacity is expected to come online by 2030. Westwood says that 15 GW of capacity will account for four... Continue Reading →
(Reuters) Italian energy services group Saipem said on Wednesday it would launch a planned 2 billion-euro ($2.10 billion) rights issue from June 27 as it strives to bolster its finances and re-focus its business after a surprise profit warning in January. The move is part of a plan to get the group back into the... Continue Reading →
German energy company RWE and steel producer ArcelorMittal have signed a memorandum of understanding to work together to develop, build and operate offshore wind farms and hydrogen facilities that will supply the renewable energy and green hydrogen required to produce low-emissions steel in Germany. The partnership centres on driving forward the production of carbon-neutral steel,... Continue Reading →
Global group Libra has acquired a U.S. shipyard through a subsidiary to capitalize on growing shipbuilding demand for the offshore wind industry as Washington accelerates efforts to boost cleaner power, top company executives said. U.S. President Joe Biden's administration is pushing to expand the fledgling offshore wind energy industry in the coming decade by opening... Continue Reading →
(OED) Italian oil and gas firm Eni's giant oil find offshore Ivory Coast last year won the 'discovery of the year' award, and Eni also secured the title of the upstream industry’s most-admired explorer, an accolade awarded as part of Wood Mackenzie’s annual Exploration Survey. Eni's exploration director Luca Bertelli won the Lifetime Achievement Award, too.... Continue Reading →
Subsea geotechnical services provider Bluefield Geoservices is expanding its operations in the US with the latest export cable route site investigation for an undisclosed ‘major’ offshore wind project offshore the Northeast US. As part of the project, Bluefield will execute in situ cone penetration test (CPT) and vibrocorer sampling, onshore and offshore lab testing, and reporting along... Continue Reading →
DOF Subsea has secured the extension of four PIDF contracts with Brazilian oil and gas giant Petrobras. The extensions will demand a fleet of at least three vessels operating for 18 months in direct continuation to the original schedule, performing flexible pipelines, risers and subsea equipment inspection in the Campos Basin, Santos Basin, Marlin Field... Continue Reading →
PGS has won a “significant” acquisition contract comprising several 4D surveys by an international oil company offshore West Africa. The acquisition is scheduled to start in early November and is expected to be complete in early May 2023. “We are very pleased with this contract award, which secures work for Ramform Vanguard until next summer season. Combining the Ramform acquisition platform and our GeoStreamer technology will... Continue Reading →
Brazil Energy Insight 