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Remotely operated vehicles specialist ROVOP has appointed Daniel Wheeler as its new President for the Americas, to lead the company in Houston as it prepares for its next phase of growth in the region both in oil and gas and in the emerging offshore wind sector there. "The growth comes on the back of a... Continue Reading →
(Reuters) - Oilfield service firms Schlumberger (SLB.N) and Baker Hughes (BKR.N) are counting on newer energy transition businesses like carbon capture and hydrogen fuel for growth, and expect these clean energy units to rival some of their more traditional units by the next decade, executives said on Wednesday. Schlumberger estimates that global investments for industries moving away from fossil... Continue Reading →
(Reuters) - Schlumberger NV (SLB.N), the world's leading oilfield service provider, expects to materially grow its margins and cashflow over the medium and short term horizons, Chief Executive Officer Olivier Le Peuch said on Wednesday. The company expects to reach adjusted EBIDTA margins of 25%, or a 500 basis point expansion from pre-pandemic levels, over that... Continue Reading →
BW Offshore, an Oslo-listed firm best know for its FPSO leasing business in the oil and gas sector, said Wednesday it had, together with U.S. renewable energy and utility company Invenergy, submitted bids to develop up to 5.4 gigawatts of offshore wind as part of the first offshore wind ScotWind leasing round in Scotland, UK. "Together, we... Continue Reading →
The Colombian Maritime Authority (DIMAR) has selected Fugro to carry out a joint environmental and exploration seep study in the Caribbean Sea. The project began in late August and is scheduled to complete in November. According to Fugro, the work will involve the acquisition, analysis and interpretation of seabed sediment samples and heat flow measurements... Continue Reading →
Offshore engineering firm Aquaterra Energy has signed an engineering and design service agreement with an unnamed "supermajor" to deliver multiple offshore platforms over a three-year period. The platforms, of Aquaterra Energy's Sea Swift design, will be destined for off the coast of the Cabinda Province, offshore Angola. "Won through a competitive tender process, Aquaterra Energy... Continue Reading →
(OE) Wind turbine maker Siemens Gamesa said Tuesday it had made the world’s first recyclable wind turbine blades at its blade factory in Aalborg, Denmark. "Wind power is one of the cornerstones in the quest to tackle the climate emergency. With more than 200 GW of new offshore capacity projected by the Global Wind Energy... Continue Reading →
(PetroleoHoje) Azevedo & Travassos announced, on Friday (3/9), that it has taken another important step to acquire Heftos, a subsidiary of its competitor UTC, and all its assets in Macaé (RJ). The group contributed R$ 40 million through a court payment in favor of the Court of the 2nd Bankruptcy and Judicial Reorganization Court of... Continue Reading →
DOF Subsea has concluded the sale of the 2001-built construction support vessel (CSV) Skandi Neptune to an international buyer. The company will deliver Skandi Neptune to the buyer in Q3 2022 after the vessel completes its current commitments. DOF Subsea did not reveal further details about the price and the new owner. As reported in July, Skandi Neptune was mobilised for... Continue Reading →
Bankrupt offshore drilling contractor Seadrill Limited is on track for Chapter 11 emergence following court approval of its disclosure statement for the reorganisation plan. Seadrill filed for Chapter 11 back in February 2021 and has been working since then on a plan to emerge from bankruptcy. In late July, the rig owner hammered out the reorganisation plan with its... Continue Reading →
Brazil Energy Insight 