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High-technology offshore wind companies Rovco and Vaarst have entered into merger, creating a new brand Beam to boost their offshore wind services. In uniting their capabilities across research, development, and deployment, Beam will provide innovative automation technologies to service offshore wind, and deliver efficiencies and reduced costs for survey and subsea work across all lifecycle... Continue Reading →
(offshore-energy.biz) Many factors, including roadblocks, play a role in oil and gas extraction and development around the globe. Some of these are region-specific while others tend to be a global problem. Mexico’s five largest upcoming hydrocarbon projects have not managed to escape these, thus, they are also facing such technical and other issues. The Latin... Continue Reading →
(Reuters) Power equipment maker GE Vernova expects its wind segment to post a core loss of $300 million in the third quarter due to additional costs related to offshore blade failures, the company said on Thursday. The projected core loss in GE Vernova's wind segment in the current quarter is more than double the loss... Continue Reading →
Renexia, through its subsidiary Renext Solutions, has signed a front-end engineering and design contract (FEED) with Aker Solutions to design the underwater substations for Med Wind project, a 2.8 GW floating wind farm in the Mediterranean Sea. Aker Solutions will work in close cooperation with its alliance partner ABB to deliver the project scope. The... Continue Reading →
(Reuters) Offshore drilling contractor Seadrill is looking to buy more assets or create a larger player by merging with peers, the company's CEO said on Wednesday. Norwegian-born billionaire John Fredriksen lost the control of the company, once the world's largest driller by market cap, to its creditors over two debt restructurings since 2014. Now a... Continue Reading →
(OE) Motive Offshore Group, a rental, inspection and engineering equipment provider for the energy sector, has acquired Aquatic, a company specializing in laying and retrieving flexible products from the seabed, previously owned by marine energy and infrastructure services company Acteon. The deal will increase Motive’s rental fleet and provide a full back-deck offering globally. Motive... Continue Reading →
– Petróleo Brasileiro S.A. – Petrobras informs that it has signed a Memorandum of Understanding (MoU) with Gerdau S.A., aimed at evaluating commercial opportunities and potential partnerships in decarbonization projects; low carbon fuels; hydrogen and its products; carbon capture, utilization and storage (CCUS); as well as R&D projects related to the integrity of materials in... Continue Reading →
(OE) Saipem and newcleo have signed a collaboration agreement to identify solutions for the offshore application of newcleo’s technology to produce nuclear energy, which could provide zero-emission electricity for oil and gas installations. The objective of the agreement signed by the companeis is to study the application of newcleo’s Small Modular Lead-cooled Fast Reactor (SM-LFR)... Continue Reading →
(OE) Jumbo Offshore has completed transport and installation of transition pieces on the Yunlin offshore wind farm in Taiwan, under a contract with Yunneng Wind Power. For its role on the project, Jumbo Offshore deployed its DP2 Heavy Lift Crane Vessel Jumbo Javelin. Jumbo Javelin was outfitted in a project-specific set-up to undertake the work... Continue Reading →
(OE) Offshore drilling contractor Constellation has secured a new contract with Shell for its Alpha Star ultra-deepwater drilling rig offshore Brazil. The contract is for approximately 30 days, having started on August 30, 2024. The new contract will be executed at the same day rates as the current agreement with 3R Petroleum and will not... Continue Reading →
Brazil Energy Insight 