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(BusinessWire) Chet Morrison Contractors, on behalf of floating wind startup Aikido Technologies, has performed the final structural assembly of Aikido One floating wind platform in less than 40 working hours, establishing a new standard in the industrialization of floating platforms. The assembly operation, representing 10-time speed-up, demonstrates how Aikido can enable offshore wind project developers... Continue Reading →
(Reuters) TotalEnergies is seeking environmental authorization to drill up to seven exploration wells in the southern part of its Deep Water Orange Basin (DWOB) block off the west coast of South Africa, documents from environmental consultants SLR showed on Tuesday. Oil companies including Shell are looking towards South Africa's west coast, close to the border... Continue Reading →
BRAVA ENERGIA (“BRAVA”) (B3: BRAV3) (“Company”) informs its investors and the market in general that the Company signed, in November, the main contracts for the first integrated development campaign in Atlanta and Papa-Terra, with an option to develop Malombe through a tieback (subsea connection) to Peroa. The campaign will begin in 4Q25, with the first... Continue Reading →
Mooreast Holdings Ltd. announced today it will appoint Mr Eirik Ellingsen, a Norwegian with deep experience in the offshore and marine sector, as Chief Executive Officer (“CEO”) amid growing adoption of floating wind energy projects worldwide. Mr Ellingsen will assume the role of CEO at Mooreast on 1 January 2025. He will be taking over... Continue Reading →
(OE) Swedish company Seabased has signed a three-party memorandum of understanding (MoU) with the Government of Grenada and SIDS DOCK to establish Grenada’s first utility-scale wave energy park. The agreement outlines a phased project that will begin with a 2 MW pilot to showcase the potential of wave energy in driving economic and environmental resilience... Continue Reading →
(PN) Petrobras' new strategic plan for the five-year period 2025-2029 provided more information about the company's plans regarding its fleet of platform ships (FPSOs). During the period, the company intends to start operating ten units by 2029, all in the pre-salt layer. In addition, the oil company also plans to build five more units beyond... Continue Reading →
(TN) Subsea7, a global leader in delivering offshore projects and technology for the energy sector, closed the third quarter of 2024 with solid operational and financial performance. Between July and September, the company achieved US$321 million in adjusted EBITDA, up 59% year-over-year, resulting in an adjusted EBITDA margin of 18%, up from 13% in Q3... Continue Reading →
(OE) Norwegian offshore vessel owner Solstad Offshore has secured multiple new contracts and contract extensions, whose combined value is $60 million. Solstad secured one new contract, and one contract extension from Petrobras, for work offshore Brazil. Namely, Petrobras awarded an 18-month firm contract for the construction support vessel (CSV) Normand Valiant. The start of the... Continue Reading →
(offshore-energy.biz) South Korea’s shipbuilder Hanwha Ocean has closed its acquisition of Singapore-based offshore builder Dyna-Mac, which specializes in manufacturing marine plant topside structures for floating production, storage, and offloading (FPSO) and floating liquefied natural gas (FLNG) units. The deal was closed on November 20, 2024, when Hanwha Ocean agreed to acquire approximately 95.15% of the total issued... Continue Reading →
(OE) Scottish ocean energy pioneer Mocean Energy has launched a crowdfunding campaign on Crowdcube, Europe’s largest private market investment platform. The campaign, which is now live, aims to finance the next phase of the company’s growth plans as it looks to mature its wave energy technology. Mocean Energy is working to transform the ocean energy... Continue Reading →
Brazil Energy Insight 