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Engineering and technology group, Technip Energies has acquired a 16.3% stake in X1 Wind, a startup that has designed "an innovative and disruptive" offshore wind turbine floater. Technip Energies is the lead investor in this funding round, which also counts with the participation of the European Commission-owned European Innovation Council (EIC) Fund, advised by the... Continue Reading →
Norwegian seismic exploration company Shearwater GeoServices has signed a licensing contract with Brazil’s Petrobras for its Reveal geophysical software. Under the deal, Petrobras’ geophysical processing team will have access to a full range of geophysical processing tools, including time, depth, multicomponent, time-lapse 4D processing and advanced imaging offered by the Reveal software platform. The agreement, characterized by... Continue Reading →
(OE) Off the Massachusetts and New York coasts, developers are preparing to build the United States’ first federally approved utility-scale offshore wind farms – 74 turbines in all that could power 470,000 homes. More than a dozen other offshore wind projects are awaiting approval along the Eastern Seaboard. By 2030, the Biden administration’s goal is to have 30 gigawatts of offshore... Continue Reading →
OceanPact has contracted TMC Compressors (TMC) to deliver the marine compressed air system for two anchor handling tug supply vessels (AHTS). The Brazilian shipowner has upgraded two of its recently acquired AHTS – Rochedo de São Pedro and Rochedo de São Paulo – and will retrofit new marine compressors onboard. TMC will supply new compressors to each of the two vessels. Both... Continue Reading →
Norwegian Innova and the U.S. Teledyne Energy System have partnered to demonstrate the use of hydrogen for local power of subsea control systems. Specifically, the companies conducted validation testing of Teledyne’s Subsea Fuel Cell Supercharger, a hydrogen and oxygen fuel cell electric power source designed to operate on the ocean floor with no connection to the surface.... Continue Reading →
Italy's Saipem risks becoming a casualty of the transition to cleaner energy after a shock profit warning left leading shareholders scrambling to shore up the finances of the energy services company. The Saipem board met on Tuesday to discuss the situation, a source close to the matter told Reuters, after shares in the company at one... Continue Reading →
(PN) The FPSO Guanabara is almost ready to start oil production in Campo de Mero, located in the Libra Block, in the pre-salt layer of the Santos Basin. The platform will be part of the first definitive system to operate in Mero, the third largest pre-salt field (after Buzios and Tupi). The unit will be... Continue Reading →
Norway-based IKM Subsea has selected Nauticus Robotics’ fully electric work-class manipulator Olympic Arm for its subsea resident remotely operated vehicle (ROV) system. The Olympic Arm is said to increase subsea reliability and capability while extending residency dive time. It also boasts the strength, weight and size characteristics of traditional work-class hydraulic arms without chronic maintenance needs. Adam... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) on Monday disclosed a sweeping restructuring of its global operations that will combine its refining and chemicals businesses into one, and put its energy transition business on the same footing as its other operations. The broad restructuring marks its latest cost-cutting effort after activist investors seeking to boost returns and address... Continue Reading →
(Reuters) Siemens Energy has stepped up efforts to explore a full integration of wind turbine business Siemens Gamesa, sources told Reuters, after profit warnings and share price slumps last week exposed flaws in the current ownership structure. The company is currently working with advisers to look at options for how to best acquire the remaining... Continue Reading →
Brazil Energy Insight 