Norwegian player bolsters design and engineering across maritime & offshore energy arenas with Brazilian firm buy

(offshore-energy.biz) Oslo-listed energy, marine, and engineering consultancy ABL Group has enlarged its capabilities in the engineering and design segments of the maritime and offshore energy landscape by bringing Proper Marine, a Brazil-based naval architecture and engineering consultancy, into its fold, which enables the latter to merge with the Norwegian company’s design and engineering arm known... Continue Reading →

January 14, 2025 0

JDR supports cutting-edge IceCube neutrino research in Antarctica’s extremes

JDR Cables, the global subsea cable supplier and service provider, part of the TFKable Group, has secured a landmark contract from Michigan State University to supply and coordinate the delivery of custom-engineered cables for an upgrade to the IceCube Neutrino Observatory, an advanced international research project in Antarctica dedicated to studying subatomic particles called neutrinos.... Continue Reading →

January 14, 2025 0

Yinson Production Scoops $1B Investment to Upscale FPSO Business

(OE) Yinson Production has entered into a definitive agreement with a consortium of global investment firms to raise pre-IPO growth capital of $1 billion to support further growth. The $1 billion pre-IPO consists of redeemable convertible preferred shares and 10% warrants, with the option to upsize to $1.5 billion within 24 months. The transaction is... Continue Reading →

January 14, 2025 0

SMD and Beam Go Deeper for AI-Driven Autonomous Offshore Wind Inspections

(OE) High-tech offshore wind services provider Beam has bought Quantum EV remotely operated vehicle (ROV) from SMD, setting out plans to equip it with an artificial intelligence (AI)-driven system to improve its operational scope and offshore wind farm servicing. Beam’s SubSLAM system, running on Pathfinder software, will be added to the ROV, enabling AI-driven autonomous... Continue Reading →

January 13, 2025 0

Guyana Yellowtail project is 95% completed – John Hess

(oilnow.gy) Guyana’s fourth Stabroek Block development, Yellowtail, is approximately 95% complete, according to an update from Hess’s Chief Executive Officer, John Hess. “A sail out of Yellowtail – which is a 250,000 barrel a day FPSO [floating, production, storage and offloading vessel] will be at the end of March. Should get in Guyanese waters in... Continue Reading →

January 13, 2025 0

XOCEAN closes €115 million financing to support ongoing growth

( offshore-energy.biz) Ireland-based XOCEAN has secured €115 million in funding to support the growth in the offshore energy and civil hydrography sectors. The Irish ocean data company closed the financing round with support from S2G Ventures, Climate Investment (CI), Morgan Stanley’s 1GT fund, and CC Industries (CCI), a Crown Family affiliate. XOCEAN operates a fleet... Continue Reading →

January 10, 2025 0

Will Trump Venture to Impose ‘No New (Offshore) Wind Turbines’ Policy and Bring US Industry Supporting 120,000 Jobs to Halt?

(offshoreWIND.biz) During his presidential campaign in 2024, Donald Trump said he would sign an executive order to stop offshore wind farms from being built in the US “on day one”. On 7 January, the US president-elect reiterated the plan which now seems to apply to wind energy on land too, saying he would look into... Continue Reading →

January 9, 2025 0

Yinson Production confirms first oil from its third FPSO in Brazil

(offshore-energy.biz) Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, has highlighted that its third floating production, storage, and offloading (FPSO) unit in Brazilian waters, which recently achieved first oil, will feature a carbon management process plant to decarbonize the FPSO operations in line with the firm’s sustainability goals. The... Continue Reading →

January 9, 2025 0

Macquarie Finalizes Acquisition of Offshore Wind O&M Company Ziton

(offshoreWIND.biz) Macquarie Asset Management, through Macquarie European Infrastructure Fund 7, has completed the acquisition of Ziton, a provider of operations and maintenance (O&M) services to the offshore wind industry. “This is a significant milestone for ZITON, as Macquarie’s investment validates the strong company we have built. With our solid market position, excellent customer relationships, and... Continue Reading →

January 9, 2025 0

Prosafe’s Safe Zephyrus Accommodation Rig to Stay Offshore Brazil

Offshore accommodation rig provider Prosafe has signed a contract extension with Petrobras for the provision of the Safe Zephyrus semi-submersible vessel for safety and maintenance support offshore Brazil. The original 650-day firm period was due to complete in February 2025, but has been extended by 954 days, bringing in $109.7 million to Prosafe. The extension... Continue Reading →

January 9, 2025 0

Category: Suppliers

Norwegian player bolsters design and engineering across maritime & offshore energy arenas with Brazilian firm buy

JDR supports cutting-edge IceCube neutrino research in Antarctica’s extremes

Yinson Production Scoops $1B Investment to Upscale FPSO Business

SMD and Beam Go Deeper for AI-Driven Autonomous Offshore Wind Inspections

Guyana Yellowtail project is 95% completed – John Hess

XOCEAN closes €115 million financing to support ongoing growth

Will Trump Venture to Impose ‘No New (Offshore) Wind Turbines’ Policy and Bring US Industry Supporting 120,000 Jobs to Halt?

Yinson Production confirms first oil from its third FPSO in Brazil

Macquarie Finalizes Acquisition of Offshore Wind O&M Company Ziton

Prosafe’s Safe Zephyrus Accommodation Rig to Stay Offshore Brazil

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