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SBM Offshore has signed a share purchase agreement for the full divestment of its equity interest in the lease and operating entities of the Aseng floating production, storage and offloading (FPSO) unit to GEPetrol. SBM Offshore’s exit from Equatorial Guinea will take place following an operational transition phase lasting up to 12 months. According to... Continue Reading →
(OE) MODEC and Carbon Clean Solutions have signed a memorandum of understanding (MoU) to continue the development and eventual deployment of floating production, storage and offloading (FPSO)-based offshore post-combustion carbon capture technologies. The agreement seeks to establish the framework in collaborating on how to accelerate the deployment of Carbon Clean’s On-Board Carbon Capture Solution (OCCS)... Continue Reading →
Aurora Energy Services (Aurora) has acquired Encomara, a specialist in floating wind deployment systems and subsea engineering, and will provide significant investment to support the roll-out of its flagship mooring connection technology. The acquisition brings into the Aurora fold Encomara’s innovative SQUID system - a proprietary quick-connect system that integrates pre-installed mooring and electrical connections... Continue Reading →
(OE) Norwegian offshore vessel operator Solstad Offshore has informed that its two Anchor Handling Tug Supply (AHTS) vessels, hired by Petrobras, have received approvals for work offshore Brazil. Solstad Offshore announced in April that its two AHTS vessels Normand Sigma and Normand Sirius secured contracts with Petrobras, subject to board approvals. The approvals have now been... Continue Reading →
(Reuters) - Britain’s next renewable energy auction must secure a record amount of new offshore wind capacity if the country is to meet its 2030 clean power targets, Darren Davidson, vice president of turbine maker Siemens Energy UK&I, told Reuters. The country has put offshore wind at the heart of its plans to decarbonise its... Continue Reading →
Inyanga Marine Energy Group has announced the winners of contracts to build its HydroWing tidal energy array. The 20 MW HydroWing tidal energy array will be deployed at Morlais off Anglesey in Wales, one of the largest consented tidal energy projects in Europe. The demonstration pilot will deploy in the first quarter of 2026. Hutchinson Engineering... Continue Reading →
Portuguese company Mota-Engil announced that it has signed a new and important contract with Petrobras worth approximately R$1.56 billion (around 240 million euros). The agreement is estimated to last 60 months and involves a wide range of services related to the decommissioning of subsea assets in three oil fields in the Campos Basin: Marlim, Marlim... Continue Reading →
(OE) Amplus Energy Services has selected Astican Shipyard in Las Palmas de Gran Canaria to undertake a major multi-million-dollar work scope to prepare its newly-acquired Petrojarl I floating production, storage and offloading (FPSO) unit for redeployment. The Petrojarl I - most recently in operation offshore Brazil - will undergo a critical reactivation and readiness program... Continue Reading →
(oilnow.gy) Just across the Corentyne River, Suriname is watching. It has seen Guyana go from oil discovery to oil power in less than a decade, GDP booming, rigs multiplying and an international attention growing. But where Guyana surged ahead, Suriname is moving with caution. Guyana’s momentum was driven by multiple factors: a stable investment climate, a business-friendly... Continue Reading →
(Reuters) - Finland's Wartsila is betting that a more nimble way to generate power with ethanol will prove viable in Brazil where similar efforts by major firms floundered a decade ago. Wartsila announced a partnership in March with a power plant in the northeast Brazilian city of Recife, where a four-megawatt engine will burn ethanol for 4,000... Continue Reading →
