Coastal Virginia Offshore Wind Project Stays on Track with Cost Update

Rhonda Moniz, Contributor Dominion Energy, Inc. provided updates on the 2.6 GW Coastal Virginia Offshore Wind (CVOW) project. The fully permitted project is now approximately 50% complete and remains on track for on-time completion by the end of 2026. CVOW continues to achieve construction milestones, including successfully installing the first 16 transition pieces, which connect the foundation and tower... Continue Reading →

February 4, 2025 0

Guyana greenlights $51.2 billion to move forward with its mega gas-to-energy project

(offshore-energy.biz) Guyana’s Office of the Prime Minister has put its stamp of approval on planned budgetary allocations of $141.45 billion, which is anticipated to lend a helping hand in finishing important projects. As a result, this amount encapsulates a $51.2 billion investment to bolster the country’s flagship gas-to-energy (GtE) project. This sum makes up the lion’s share of a... Continue Reading →

February 4, 2025 0

Baker Hughes Hooks Chemicals Supply Deal for ExxonMobil’s Guyana FPSOs

(OE) Energy technology company Baker Hughes has secured a contract from ExxonMobil Guyana to provide specialty chemicals and related services for its Uaru and Whiptail offshore greenfield developments in Guyana’s Stabroek Block The multi-year contract includes all topsides, subsea, water injection and utility chemicals for the Errea Wittu and Jaguar floating production storage and offloading... Continue Reading →

February 3, 2025 0

Denmark to halt offshore wind tenders to revamp subsidy model

(Reuters) - Denmark will halt all ongoing offshore wind tenders as the existing framework where no subsidies are offered does not work under current market conditions, its energy minister said on Friday. The global offshore wind industry has been hit by surging costs, rising interest rates and supply chain bottlenecks. Denmark said in December that its latest... Continue Reading →

January 31, 2025 1

Baker Hughes beats quarterly profit estimates on natgas technology demand

(Reuters) -U.S. oilfield technology firm Baker Hughes beat Wall Street estimates for fourth-quarter profit on Thursday, as robust demand for natural gas equipment and services helped offset weak sales of its drilling gear in North America. Oilfield service companies are grappling with lower demand as extraction technologies get more efficient and higher supplies deter more... Continue Reading →

January 31, 2025 0

SBM Offshore completes the Share Purchase Agreements with MISC Berhad

SBM Offshore confirms it has completed the transactions related to the Share Purchase Agreements announced on September 6, 2024 with its partner MISC Berhad for: i) the acquisition of MISC Berhad’s entire effective equity interest in the lease and operating entities related to the FPSO Espirito Santo in Brazil; and ii) the full divestment to MISC Berhad... Continue Reading →

January 31, 2025 0

COOEC Completes Delivery of 13 Topside Modules for FPSO P-79 for the Buzios Field

Chinese EPCI company COOEC has completed the construction of 13 topside modules for FPSO P-79, which will be installed in the Buzios field, in the pre-salt layer of the Santos Basin. The Asian company was responsible for the design, acquisition, construction and onboard installation of the equipment. The modules, which weigh almost 30,000 tons and... Continue Reading →

January 30, 2025 0

Approval Granted for Modec/Toyo Blue Ammonia FPSO

MODEC and Toyo Engineering have jointly obtained an Approval in Principle (AiP) from ABS for a Blue Ammonia FPSO that will produce ammonia from the gas supplied by a traditional FPSO located nearby. Blue ammonia is produced from hydrocarbons where the CO2 emitted during production is sequestrated. The Blue Ammonia FPSO will use gas which... Continue Reading →

January 30, 2025 0

Halliburton Signs Major Offshore Drilling Contract with Petrobras

U.S. oilfield services firm Halliburton has secured a contract from Petrobras for integrated drilling services across several offshore fields in Brazil. The contract scope includes drilling services for development and exploration wells over a three-year period. The contract, expected to begin in 2025, represents Halliburton’s largest service contract with Petrobras, the company said, without revealing... Continue Reading →

January 30, 2025 1

TotalEnergies Hires Stena Drilling’s Drillship for Work Off Suriname

TotalEnergies has awarded a contract to Stena Drilling for its Stena DrillMax drillship, which will be deployed for work offshore Suriname. As part of the contract, Stena DrillMax will perform managed pressure drilling of one exploration well in Suriname with TotalEnergies EP Suriname. The program, which is expected to start in the second quarter of... Continue Reading →

January 30, 2025 0

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Coastal Virginia Offshore Wind Project Stays on Track with Cost Update

Guyana greenlights $51.2 billion to move forward with its mega gas-to-energy project

Baker Hughes Hooks Chemicals Supply Deal for ExxonMobil’s Guyana FPSOs

Denmark to halt offshore wind tenders to revamp subsidy model

Baker Hughes beats quarterly profit estimates on natgas technology demand

SBM Offshore completes the Share Purchase Agreements with MISC Berhad

COOEC Completes Delivery of 13 Topside Modules for FPSO P-79 for the Buzios Field

Approval Granted for Modec/Toyo Blue Ammonia FPSO

Halliburton Signs Major Offshore Drilling Contract with Petrobras

TotalEnergies Hires Stena Drilling’s Drillship for Work Off Suriname

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