(OET) Transocean Aquila Limited, a wholly-owned indirect subsidiary of Transocean, has kicked off a multi-million dollar private offering of senior secured notes due 2028. The firm will use the net proceeds from the notes to partially finance the construction, acquisition, and improvement or alteration of a newbuild ultra-deepwater drillship and to fund the initial debt... Continue Reading →
(OE) Argeo, a provider of robotic and digital solutions for the ocean space, and Shearwater GeoServices, a global provider of geophysical marine seismic acquisition and processing services, have entered a strategic alliance for innovating and pioneering new technology and products across the subsea and marine seismic markets. The alliance said it aimed to drive innovation across... Continue Reading →
(Reuters) The bosses of Portuguese utility EDP and oil company Galp on Tuesday warned the government the guaranteed price of the power generated will be key to preventing the first auction of floating offshore wind farms from failing like a recent one in Britain. Portugal's first auction for floating offshore wind farms, set to be... Continue Reading →
(OE) Principle Power, a provider of floating foundation solutions for the floating wind industry, said Tuesday it had expanded its WindFloat product portfolio to two fully industrialized products: the existing WindFloat tubular design – now called WindFloat T – and the new flat panel, pontoon-based solution, known as the WindFloat F. Principle Power said both... Continue Reading →
(OW) Nine US East Coast states and four federal agencies have signed a memorandum of understanding (MoU) to strengthen regional collaboration on offshore wind supply chain development. In addition, the US Department of Energy (DOE) revealed that multiple projects received funding totalling USD 72 million to address wind energy deployment challenges. According to a press... Continue Reading →
SBM Offshore and Mitsubishi Heavy Industries (MHI) announced the signing of a partnership agreement that will offer a CO2 capture solution for platform ships (FPSOs). The agreement is the result of a successful engineering and design study between the companies, demonstrating the technical feasibility and commercial readiness of offshore CO2 capture technology. According to SBM,... Continue Reading →
Norway-based seismic specialists TGS and PGS ASA said Monday they had agreed on the principal terms of a merger of TGS and PGS "to create a strong full-service energy data company." The transaction is expected to be completed as a statutory merger pursuant to Norwegian corporate law, with merger consideration to PGS shareholders in the form... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed to the market on 09/13/2023, informs that the request to start the environmental licensing process for ten areas in the Brazilian sea for the development of offshore wind energy projects aims to assess the technical-economic and environmental viability of areas with strong potential for... Continue Reading →
(Reuters) Global investment of $2.7 trillion a year is needed to achieve net zero emissions by 2050 and avoid temperatures from rising above 1.5 degrees Celsius this century, a report by consultancy Wood Mackenzie said on Thursday. Scientists have said the world ideally needs to limit global average temperature rise to 1.5C this century to avoid catastrophic effects from climate change.... Continue Reading →
Wave Energy Scotland (WES), a subsidiary of Highlands and Islands Enterprise (HIE), is running tests at the University of Edinburgh’s FloWave facility, to determine the potential for floating platforms that can be used by both offshore wind and wave energy devices. The move has been prompted by a report by Offshore Wind Consultants (OWC) exploring the synergies... Continue Reading →
