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(offshoreWIND.biz) DNV and American Bureau of Shipping (ABS) have issued an Approval in Principle (AiP) for Wison New Energies’ w.TLP and w.semi floating offshore wind foundation technology. In June, the company’s W.TLP foundation, designed for 12 MW turbines, was granted AiP certification by ABS. Featuring a tension leg platform (TLP) configuration, the design addresses the... Continue Reading →
STRYDE, the world’s leading provider of cutting-edge nodal seismic acquisition technology, is proud to announce that the National Observatory of Brazil (Observatório Nacional) has purchased STRYDE’s Mini and Nimble seismic systems to support its geophysical research and exploration activities across Brazil. The National Observatory of Brazil is one of Brazil’s oldest and most respected scientific... Continue Reading →
July 28 (Reuters) - Wind turbine maker Nordex on Monday reported second quarter core earnings that were above analysts' consensus forecasts. The German onshore wind turbine company posted earnings before interest, tax, depreciation and amortization (EBITDA) of 108.2 million euros ($127.09 million), above analyst expectations of 102 million euros in a company-compiled consensus. That was up... Continue Reading →
Inyanga Marine Energy Group have announced they are taking over the operational management of the newly built vessel Tor Boreas, an innovative hybrid utility vessel. Inyanga will operate the vessel in partnership with Tor Group. The vessel is targeted at the offshore wind sector and is suited for a wide range of activities in the... Continue Reading →
(offshore-energy.biz) A new project has been launched in the UK to improve the effectiveness of mooring lines and dynamic cables on floating offshore wind farms. Historically, mooring repair costs for oil production assets have exceeded GBP 400 million (approximately $542 million; €461 million) for a single incident, while cable failures have accounted for between 70%... Continue Reading →
(offshore-energy.biz) Japan’s MODEC has delivered a structure that will form part of a floating production storage and offloading (FPSO) unit to be deployed to a project offshore Guyana operated by ExxonMobil, a U.S.-headquartered oil and gas giant. As reported by the Japanese player, the topsides modules for FPSO Errea Wittu arrived at the BOMESC yard in Tianjin, China. The... Continue Reading →
(OE) U.S.-based low-carbon marine power, data, and service solutions provider Ocean Power Technologies (OPT) has signed a new reseller agreement with a Latin America-based partner focused on supporting the Mexican offshore and maritime markets. The partnership significantly expands OPT’s commercial footprint across Latin America, leveraging the reseller’s regional presence and relationships within Mexico. Under the... Continue Reading →
(OE) Energy services firms Saipem and Subsea7 have signed a binding merger agreement to create a leading energy services company under the name of Saipem7, which will have a combined backlog of over $50 billion. The binding merger agreement follows the memorandum of understanding the companies signed in February 2025. Completion of the proposed merger... Continue Reading →
(Reuters) -Oilfield services provider Baker Hughes surpassed Wall Street expectations for second-quarter profit on Tuesday, helped by robust demand for its natural gas services even as it warned of a drop in spending by oil producers. Baker Hughes joined its U.S. rivals Halliburton and SLB in warning of a slowdown in upstream activity and spending,... Continue Reading →
Saipem achieved a semester of further growth, confirming the constant progression in operating and financial performance over the last three years which enabled, in the month of May, the distribution of the largest dividend in the company's history. Revenue stood at USD$8.47 billion (€7.2 billion), and EBITDA reached USD$898 million (€764 million), the latter growing... Continue Reading →
