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(Reuters) - Siemens (SIEGn.DE) said the market environment would dictate when it sells further shares in Siemens Energy (ENR1n.DE), after warning late on Thursday that it was booking a writedown related to a slide in the value of Siemens Energy. "As we’ve emphasized in the past, we still clearly intend to reduce our stake in Siemens Energy. However,... Continue Reading →
Denmark-headquartered Maersk Supply Service has revealed that one of its anchor handling tug supply (AHTS) vessels, which is believed to be the world’s first hybrid-electric anchor handler, has completed sea trials offshore Norway, following upgrades. Maersk Supply Service has steadily been reducing its emissions since 2018 through a combination of initiatives, such as energy-efficient operations... Continue Reading →
Norwegian offshore vessel owner Solstad Offshore has secured charters for the construction support vessels Normand Cutter and Normand Sentinel. The Normand Cutter has been awarded a contract with an unnamed customer in South America. The firm charter period is for 460 days with the option of a further 480 day extension. Under the charter, which... Continue Reading →
Oil and gas giant Petrobras has awarded CGG with a four-year contract extension for its dedicated reservoir services center in Rio de Janeiro, Brazil. Under the contract, CGG will continue providing its reservoir characterization workflows, such as geostatistical, 4D and azimuthal inversion, while also bringing new technologies to Brazil to further enhance reservoir understanding. These... Continue Reading →
(OE) Singapore-based shipbuilder Sembcorp Marine has delivered the world's first 8th generation drillship, the Deepwater Atlas, to its owner Transocean. The Deepwater Atlas is the first of two ultra-deepwater drillships based on the Sembcorp Marine's Jurong Espadon 3T design. The completed drillship features three-million pound hook-load hoisting capacity and, according to the rigbuilder, sets a... Continue Reading →
Norwegian seismic data acquisition and processing company TGS is set to acquire all shares of the Norwegian ocean bottom node survey specialist Magseis Fairfield. TGS will put forward a voluntary exchange offer to acquire all shares of Magseis for a consideration to the Magseis shareholders in the form of 0.0426 ordinary shares of TGS and... Continue Reading →
(OEM) In a bid to increase production capacity, joint venture (JV) partners in a field located in the Offshore Mining Lease no. 113 (OML 113) off Nigeria have decided to forgo a long-term extension for the current floating, production, storage, and offloading (FPSO) vessel operating on this field, as they plan to replace it in... Continue Reading →
The U.S. Maritime Administration (MARAD) last Friday designated offshore wind vessels as vessels of national interest making them eligible for financial support through the Title XI Federal Ship Financing Program (Title XI). The Federal Ship Financing Program - commonly referred to as "Title XI" based on the part of the Merchant Marine Act of 1936 that... Continue Reading →
(TN) The consultancy Grupo I Can completed the asset management assessment of Petrobras' Santos Basin Exploration and Production Business Unit (UN-BS). Since 2019, the UN-BS has started to implement asset management at the unit, which is located in the pre-salt layer, to understand the maturity level of the organization and, based on that, to develop... Continue Reading →
Last week, Corio also announced five offshore wind projects totalling more than 5 GW in early-stage development off Brazil. Corio intends to develop five projects in Brazil, subject to finalisation of documentation and regulatory approvals, alongside leading Brazilian power generation company Servtec, which has been in the renewables sector for more than 20 years and... Continue Reading →
Brazil Energy Insight 