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(OE) American Bureau of Shipping (ABS) has issued an approval in principle to SBM Offshore for its concept of a near zero floating production storage and offloading (FPSO) unit. The NearZero FPSO design incorporates low carbon technologies that collectively create a ‘near zero’ Scope 3 carbon emissions profile, achieving up to 80% reduction in GHG... Continue Reading →
TechnipFMC has signed a technology agreement with Petrobras to accelerate the development and commercialization of the so-called Hybrid Flexible Pipe (HFP) as a definitive standardized solution to address a well-known problem in the offshore industry: stress corrosion cracking caused by CO₂ (SCC CO₂) in flexible pipelines. The new technology is designed to withstand corrosive environments... Continue Reading →
(offshoreWIND.biz) The American Bureau of Shipping (ABS) has awarded approval in principle (AiP) to Seatrium Marine & Deepwater Technology for its design of a floating wind semi-submersible (FWSS) column foundation for 15 MW turbines. Seatrium says that the design is optimised for efficient fabrication and cost-effectiveness while being capable of handling the harshest environments. The new... Continue Reading →
(offshore-energy.biz) France’s energy giant TotalEnergies is getting ready to embark on drilling activities off the coast of Suriname with a drillship owned by Stena Drilling, an offshore drilling contractor. TotalEnergies has set its cap on drilling the Macaw-1 exploration well in Block 64 by mid-May 2025, according to Suriname’s national oil company (NOC), Staatsolie Maatschappij Suriname (Staatsolie). This... Continue Reading →
(OE) Offshore services provider DOF has announced an investment in a modular cable repair spread designed to expedite offshore wind operators’ response to cable faults. Engineered for compatibility across DOF’s fleet of 65 vessels, the system offers an industry-first combination of fleet-wide flexibility, road transportability, and rapid deployment capabilities. Developed in collaboration with engineering specialists,... Continue Reading →
(Reuters) Wind turbine maker Vestas on Tuesday reported an unexpected operating profit for the first quarter, contrary to analysts' predictions of a loss, and kept its outlook for the year unchanged despite geopolitical uncertainty. The Danish company reported an operating profit before special items of 14 million euros ($15.8 million) against a year-earlier loss of... Continue Reading →
(OE) Norwegian offshore vessel owner Solstad Offshore has secured a contract with Petrobras for its anchor handling tug supply (AHTS) vessel Normand Turquesa. The four-year contract, subject to board approval, is scheduled to begin in February 2026. The current contract for Normand Turquesa has been extended by nine months and runs until start of new... Continue Reading →
(PN) Karoon announced that it has completed the transaction with Altera & Ocyan for the purchase of FPSO Cidade de Itajaí, located in the Baúna field, in the Santos Basin. The total value of the deal was US$115 million, plus approximately US$8 million in transaction costs, with the final payment of US$85 million to be... Continue Reading →
(OE) SLB announced the award of an engineering, procurement, construction and installation (EPCI) contract by bp to its OneSubsea joint venture and Subsea7 for the Ginger project offshore Trinidad and Tobago. The Ginger project is the first project award under the global framework agreement between bp and Subsea Integration Alliance partners SLB OneSubsea and Subsea7.... Continue Reading →
(OE) Belgium-based offshore installation services company DEME has completed the acquisition Havfram, an offshore wind installation contractor based in Norway, in a deal valued at approximately $1.02 billion (€900 million). The transaction, first announced in April 2025, has passed all customary closing conditions. DEME Offshore Holding, a wholly-owned subsidiary of DEME Group, has acquired all of... Continue Reading →
