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Wave energy converter developer Bombora Wave Power (Bombora) has completed tank testing of a floating foundation system suitable for the InSPIRE solution, where Bombora's mWave technology is combined with a wind turbine onto a single floating offshore platform. An adapted version of the semi-submersible INSPIRE platform, developed in partnership with TechnipFMC, underwent tank testing evaluations... Continue Reading →
Sweden-based Skanska, one of the country's largest construction firms, has signed a contract with the Virginia Port Authority to rebuild 72 acres of the Portsmouth Marine Terminal in Portsmouth, Virginia, USA. The project will redevelop approximately 72 acres of the 287-acre Portsmouth Marine Terminal for use as an offshore wind staging port which will improve... Continue Reading →
Brazilian oil and gas company PRIO, formerly known as PetroRio, has temporarily stopped production at a field, located within the Northern Campos Basin off the coast of Brazil. PRIO revealed on Monday that it has interrupted production at the Frade field due to an inert gas line. The initial estimates indicate that this interruption will last between 5 to... Continue Reading →
Norwegian offshore vessel owner Solstad Offshore has been awarded a contract extension for one of its anchor handling tug and supply (AHTS) vessels in Norway and a new assignment for another one in Brazil. Solstad Offshore revealed on Tuesday that Equinor has declared an option to extend the contract for AHTS Normand Ferking for one more year, which will keep... Continue Reading →
Matrix Composites & Engineering has secured an order from Subsea 7 for subsea umbilicals, risers and flowlines (SURF) distributed buoyancy modules to be used at a ‘major’ deepwater project in South America. According to Matrix, the purchase order for the subsea production buoyancy system is worth approximately AU$16 million (about US$11.35 million), with the scope... Continue Reading →
The U.S. recently came up with the Inflation Reduction Act, which is expected to boost domestic energy security by opening the door to more federal onshore and offshore lease sales while also promoting low-carbon and renewable energy developments. However, Norway’s energy intelligence group Rystad Energy believes that there is no respite on the horizon for energy... Continue Reading →
UK-based Altera Infrastructure has entered a Chapter 11 bankruptcy process in the U.S. to address its debt of over $1.5 billion. Formerly a part of Teekay, Altera Infrastructure is based in Westhill, Scotland and it is a supplier of infrastructure assets to the offshore energy industry. In a statement on Monday, the company said that it has executed... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that, as a result of the progress of the development project for the Búzios field, in the Santos Basin pre-salt area, it signed today a contract with Keppel Shipyard Limited for the construction of platform P-80, the ninth unit to be installed in the field. This unit will be... Continue Reading →
Wilson Sons registered net revenues of R$539.6 million (US$109.6 million) in the second quarter of 2022 (2Q22), up 6% against the 2021 comparative. In the first six months of the year (6M22), revenues totalled R$1.1 billion (US$211,0 million), a 5% increase year-over-year. The company, listed on the Novo Mercado segment under ticker symbol PORT3, released... Continue Reading →
HydrogenOne Capital Growth has signed definitive agreements for an investment of EUR 10 million in Strohm, the Dutch manufacturer of hydrogen pipelines who already saw Shell Ventures, Chevron Technology Ventures, and Evonik Venture Capital joining in as investors. HydrogenOne, the first LSE-listed investment fund dedicated to clean hydrogen, invested the EUR 10 million in the... Continue Reading →
