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Brazilian shipping company Grupo CBO has added a new platform supply vessel (PSV) to its fleet and signed its second contract for one of its anchor handling tug supply (AHTS) vessels with the Brazilian subsidiary of Australia’s Karoon Energy. Brazil’s offshore vessel operator CBO informed on Thursday that it has completed the acquisition of the PSV CBO... Continue Reading →
(Reuters) - Italy's Saipem does not face a liquidity crunch for now and should meet an April bond repayment deadline, ratingsagency S&P said, as it races to come up with a rescue plan. The energy services group shocked investors last week when it warned it would report a 2021 loss of over one-third of its... Continue Reading →
The FPSO Cidade de Anchieta, currently in the Parque das Baleias area, on the coast of Espírito Santo, had its production paralyzed after the presence of oil was discovered near the unit. The information was revealed in the 2021 financial and operational report of the Dutch SBM Offshore, which charters the vessel to Petrobras. The... Continue Reading →
SBM Offshore shares dived on Thursday after the Dutch oil and gas services company's cautious guidance disappointed the market despite full-year results meeting expectations. For 2022, the group expects revenue to amount to more than $3.1 billion and earnings before interest, taxes, depreciation and amortisation (EBITDA) to reach about $900 million. Analysts polled by the... Continue Reading →
Brazilian oil and gas company Enauta has concluded the purchase of an FPSO for the Definitive System of its operated Atlanta field located off Brazil. Following a letter of intent from December 2021, Enauta entered into an agreement with Yinson to buy the FPSO OSX-2 in January 2022. The agreement was contingent on compliance with the agreed... Continue Reading →
Singapore's Keppel Offshore & Marine said Wednesday it had secured contracts worth around S$250 million (~$186 million) for the conversion of a Floating Storage and Regasification Unit (FSRU), integration of a Floating Production Storage and Offloading (FPSO) vessel, and the "jumboisation" of two Trailing Suction Hopper Dredgers (TSHD). For the first contract, Keppel Shipyard has... Continue Reading →
(OE) FPSO leasing company BW Offshore has decided to recycle the FPSO BW Cidade de São Vicente. The company said it had signed an agreement with Priya Blue Industries yard in India to recycle the FPSO in compliance with Hong Kong Convention. The convention, adopted in 2009, is aimed at ensuring that ships when being... Continue Reading →
(Reuters) - Turning around Siemens Gamesa (SGREN.MC) will take time, the CEO of its majority shareholder Siemens Energy (ENR1n.DE) said on Wednesday, adding that the latest profit warning from the wind turbine maker was "frustrating". Siemens Gamesa, the world's largest maker of offshore wind turbines, is suffering from supply chain issues that have hit several industries as well as... Continue Reading →
Brazilian oil company Enauta has hired the Alpha Star semi-submersible drilling rig to drill the fourth production well at its Atlanta field in the Santos Basin, offshore Brazil. Enauta expects to start drilling in the fourth quarter of 2022. The contract could eventually be extended to include two more wells for Atlanta’s Full Development System.... Continue Reading →
(EV) More than 20 floating production storage and offloading (FPSO) vessels are currently awaiting redeployment across the globe. Data from Westwood Global Energy Group has laid bare how “saturated and complicated” it is to relocate units after their initial work scope has wrapped up. And the market could soon become even more flooded, with 56 planned and... Continue Reading →
