Helix Energy Solutions to Buy Alliance Companies to Boost Presence in Gulf of Mexico Decommissioning Space

U.S.-based offshore oil and gas services firm Helix Energy Solutions Group is set to buy equity interests of Louisiana-baed Alliance group of companies for $120 million cash at closing, plus the potential for post-closing earnout consideration. Alliance is a Louisiana-based privately held company that provides services supporting the upstream and midstream ‎industries in the Gulf... Continue Reading →

May 17, 2022 0

Westwood: Offshore Drilling Rig Utilization Much Higher Than Typically Reported

(OE) Utilization is one of the key barometers of the health of the offshore rig market, as it identifies what percentage of the usable fleet is available versus what is not. While there has been much excitement over the past year regarding rapidly increasing offshore rig utilization (and dayrates), it appears the true extent of... Continue Reading →

May 17, 2022 0

Wilson Sons reports profit of more than R$143 million in the first quarter

Wilson Sons posted net income above R$143 million in the first quarter, 437% higher than in the same period in 2021. The 437% growth in net income benefited from the exchange rate variation in this quarter, as the real appreciated 15%. But even excluding currency effects, the company reported a net income of R$ 80... Continue Reading →

May 17, 2022 0

Korean shipbuilders witness LNG carrier order surge

(Offshore Energy) South Korean shipbuilders Korea Shipbuilding & Offshore Engineering and Samsung Heavy Industries have won orders for a total of seven new LNG carriers. On 17 May, KSOE said it won a $910 million (1.17 trillion KRW) order to construct four new LNG carriers. Specifically, its units Hyundai Heavy Industries and Hyundai Samho Heavy Industries will... Continue Reading →

May 17, 2022 0

SeaTech to Design Semi-submersible Platform for Seawind’s Offshore Wind Floater

(OE) SeaTech Solutions International and Seawind Ocean Technology Holding have partnered up to develop semi-submersible floating platforms customized for Seawind’s construction and assembly requirements for its integrated floating offshore wind turbines. "The semi-submersible floating platforms are a key component in Seawind’s integrated approach to construct the concrete floating foundations and subsequently lift and assemble the... Continue Reading →

May 17, 2022 0

VIDEO: Anchors and Mooring Lines in Place for Saitec’s DemoSATH Floater

Danish offshore vessel company Maersk Supply Service has installed six mooring lines and six anchors for the DemoSATH floating wind project at the BIMEP open sea test site in the Biscay Bay off the coast of Armintza, Spain. SATH Technology is based on a concrete platform concept with a plug-and-play Single Point Mooring, the same... Continue Reading →

May 17, 2022 0

Maersk rig kicks off four-well Karoon intervention campaign in Brazil

Australian oil and gas company Karoon Energy has started its intervention campaign on the Baúna field, located offshore Brazil, using a Maersk Drilling-owned semi-submersible rig. After this campaign, the rig is scheduled for work on two more fields for Karoon. Karoon reported on Monday that its contract with Maersk Drilling for the Baúna intervention campaign... Continue Reading →

May 17, 2022 0

Equinor, Exxon Agree to Expand Brazil Offshore Oil Ops

(Reuters) Equinor and Exxon Mobil Corp have taken the first steps to expand an $8 billion oil development off Brazil's coast, the Norwegian oil producer told Reuters. The firms want to boost future production from the Bacalhau oil field, Equinor's largest project outside of Norway with more than 1 billion barrels of oil, the company said. A... Continue Reading →

May 17, 2022 0

BW Ideol, Tohoku Electric Power form Japanese floating wind venture

BW Ideol and Tohoku Electric Power have initiated feasibility studies for a joint development of a commercial-scale floating offshore wind farm offshore Kuji City in Japan’s Iwate prefecture. The development will feature BW Ideol’s Damping Pool technology. The two companies will pursue early commercialization of cost-competitive floating offshore wind power in Japan through this venture,... Continue Reading →

May 16, 2022 0

DOF Wins $260M in AHTS, ROV Deals with Petrobras in Brazil

Oslo-listed offshore vessel operator DOF has, through its Brazilian subsidiaries, won new long-term charter and service contracts with Petrobras for four AHTS vessels and ROVs. The vessels, Skandi Angra, Skandi Paraty, Skandi Urca, and Skandi Fluminense, (AHTS 18000 class), currently operating for Petrobras and equipped with DOF Subsea's work class ROVs, have been contracted for... Continue Reading →

May 16, 2022 0