Oct. 27 (offshoreWIND.biz) The Portuguese Institute for Sea and Atmosphere (IPMA) has appointed the UK-based renewable energy consultancy OWC, part of ABL Group, to support the geophysical and geotechnical surveys at two offshore wind farm areas in Portugal. ABL Group’s Portugal-based water and environmental consultancy, Hidromod, is also engaged in the project. IPMA is currently... Continue Reading →
European Floating LiDAR, Energy Intelligence Providers Join Forces in Brazilian Offshore Wind Market
Oct. 27 (offshoreWIND.biz) TGS, an energy data and intelligence provider based in Norway and the US, and EOLOS, a floating LiDAR technology provider based in Spain, have partnered to offer wind and metocean measurement campaigns in Brazil. Within the partnership, TGS will manage client contracts, campaign design, deployment and operations, while EOLOS will supply its... Continue Reading →
Baker Hughes beats profit estimates on strong industrial and energy tech demand
Oct 23 (Reuters) - Oilfield services provider Baker Hughes on Thursday beat Wall Street estimates for third-quarter profit, driven by strength in its industrial and energy technology (IET) business. As oilfield services firms navigate a volatile market, resilient areas like LNG infrastructure, power grid upgrades, and growing electricity demand from data centers are helping support growth.... Continue Reading →
Offshore Industry Majors Join Forces for Next-Gen Subsea Flowline Tech
Oct. 21 (OE) A consortium of offshore energy companies including TotalEnergies, Equinor, Aker BP, DeepOcean, Tenaris, and LS Cable & System has launched a joint industry project to commercialize a new subsea flowline heating technology designed to cut costs and carbon emissions related to deepwater oil and gas subsea tie-back projects. The system, named FlowHeat,... Continue Reading →
SLB beats profit estimates on North America demand, ChampionX deal boost
Oct 17 (Reuters) - SLB beat Wall Street estimates for third-quarter profit on Friday, as steady demand in North America and contributions from its recent ChampionX acquisition helped offset weakening oilfield activity in other regions. The U.S. oilfield market appears to be stabilizing after months of reduced spending, but international demand, historically SLB's major profit driver,... Continue Reading →
Seadrill Adopts igus’ Modular Energy Chains to Cut Offshore Downtime and Costs
Oct. 16 (OE) A modular cable management system, designed by German-based supplier igus, has been implemented by offshore driller Seadrill to reduce downtime, cut maintenance costs and improve operational reliability on its drillships by replacing traditional service loops with a more durable and flexible alternative. On offshore oil rigs, keeping equipment running smoothly and avoiding... Continue Reading →
SBM Offshore takes the lead in the dispute for the Sergipe Deepwaters Project FPSO contracts
Oct. 16 - SBM Offshore has taken a step forward in the race for the construction and operation contracts for the two offshore platform ships (FPSOs) for the Sergipe Deepwaters project (SEAP I and II). Petrobras opened the bids from its competitors on October 15. The Dutch company submitted the best offers, with a total... Continue Reading →
Equinor Starts Production at Bacalhau Field Offshore Brazil
Oct. 16 (OE) Equinor and its partners has started production from the large Bacalhau field in Brazil, whose recoverable reserves exceed 1 billion barrels of oil equivalent (boe). Bacalhau is located in the pre-salt region of Brazil's Santos Basin in ultra-deep water of over 2,000 meters. The field features one of the most modern floating... Continue Reading →
Gazelle Partners with Chinese Manufacturer on Industrialization of Floating Wind Tech
Oct. 15 (offshoreWIND.biz) Floating wind foundation developer, Gazelle Wind Power, has signed a memorandum of understanding (MoU) with Titan Wind Energy, a Chinese manufacturer of onshore and offshore wind turbine components, which also has offices in Denmark and Germany. The two companies signed the MoU while a delegation from Gazelle was recently visiting Titan Wind’s... Continue Reading →
Seaturns Full-Scale Wave Energy Device on First Trials in France
Oct. 15 (OE) Seaturns, a French wave energy start-up, has completed manufacturing of its first full-scale floating wave energy converter and launched the initial phase of operational testing at the port of Nantes Saint-Nazaire. Built in just six months, the Seaturns demonstrator is a cylindrical floating buoy made of 42 tonnes of steel, measuring 15... Continue Reading →