SBM Orders Seventh Fast4Ward Hull

Dutch FPSO leasing specialist SBM Offshore has ordered its latest Fast4Ward multi-purpose floater hull as it marked a new record level order book at $31.1 billion.  The latest Fast4Ward floating production unit (FPU) is expected to be delivered in 2024, the firm said yesterday in its half year earnings. It also said it could have... Continue Reading →

X1 Wind’s Floater Concept Ready for Testing

Technology developer X1 Wind said it has laid its dynamic cable clearing way for final installation of its fully functional floating wind prototype at the PLOCAN Test Site, in the Canary Islands. Having installed the modular concrete gravity anchoring system last spring, the Barcelona-headquartered firm is now announcing another milestone in its first ocean deployment... Continue Reading →

Wind turbine maker Siemens Gamesa makes deeper cuts to profit view

 (Reuters) - Wind turbine maker Siemens Gamesa (SGREN.MC) lowered its 2022 profitability expectations even further on Tuesday and said it would remain negative through 2023, citing expensive raw materials, component failures and geopolitical uncertainty. The group cut its full-year core earnings margin forecast to minus 5.5% from minus 4%, including gains from selling its development division. Competition,... Continue Reading →

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