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(WO) Guyana has some of the world's biggest offshore discoveries made in years, with 10 billion barrels of recoverable oil and gas starting to come online since 2019. These offshore reserves are being extracted using floating production, storage and offloading (FPSO) vessels, which are connected to well-heads on the seabed. Sulzer has delivered 11 high... Continue Reading →
(Reuters) - Top oilfield services company Schlumberger (SLB.N) on Wednesday said North American oil and gas activity was growing at a faster pace than expected, as customers have largely shrugged off concerns about a looming recession. Oil and gas producer customers were more concerned with securing equipment and operational performance than a sudden drop in oil prices... Continue Reading →
Offshore drilling contractor Maersk Drilling has secured a contract extension with Shell, a UK-headquartered energy giant, for a 7th generation drillship, enabling it to carry out drilling services offshore Mexico once it completes its current assignment with this oil major. The rig owner revealed on Thursday that Shell has exercised an option to extend the... Continue Reading →
Denmark's Maersk Supply Service and renewable energy pioneer Stiesdal Offshore have entered into a strategic partnership to offer combined solutions to this fast-growing sector within floating offshore wind. The companies say they intend to combine their respective strengths to meet the significant expansion predicted for floating wind. Specifically, they will offer comprehensive and integrated engineering,... Continue Reading →
Offshore drilling contractor Transocean has secured two new contract awards in the Gulf of Mexico for one of its ultra-deepwater drillships. Transocean announced on Tuesday that the ultra-deepwater drillship, Deepwater Asgard, received two contract awards in the U.S. Gulf of Mexico for a total of approximately 14 months of work, adding $181 million to the firm... Continue Reading →
(Reuters) Siemens Energy said on Tuesday it has a placed 960 million euro ($949.63 million) mandatory convertible bond to help fund its takeover bid for wind turbine maker Siemens Gamesa. It expects settlement of the notes to take place on or around Sept. 14, it said in a statement. "With the planned full integration of... Continue Reading →
Companies in the renewables energy business have set out to determine whether a green ammonia floating production vessel can be deployed on certain offshore wind locations. Norway-based H2Carrier AS, developer of the unique P2XFloater concept, said it has entered into a memorandum of understanding with Norwegian state-owned hydropower company Statkraft for the study. H2Carrier recently... Continue Reading →
Aberdeen-based Rotech Subsea has set up an entity in Taiwan to service the demand coming from the local offshore wind sector. According to Rotech, the move comes as it had completed a series of cable trenching and seabed leveling campaigns in Taiwan’s offshore wind sector and secured new contracts. With three spreads of its Controlled... Continue Reading →
Oilfield services firm Baker Hughes Co said on Tuesday it will simplify its organizational structure by reducing its business units to two from four, starting October 1. The company added it expects to deliver at least $150 million in cost savings. The Houston, Texas-based firm said it will combine its Oilfield Services and Oilfield Equipment... Continue Reading →
(U) Petrobras is considering the potential of offering carbon capture and storage solutions for third-party industrial emissions in its native Brazil as part of a potential diversification strategy from the company’s key upstream oil and gas operations. “It’s a study we are doing right now,” Rafael Chaves Santos, executive director of institutional relations and sustainability... Continue Reading →
