(OE) Oilfield services group Hunting has won a contract to provide titanium stress joints for ExxonMobil's Yellowtail oilfield development project in the Stabroek Block offshore Guyana. Hunting said its Direct Pull-Through installation methodology is intended to simplify installation and enhance safety during project execution. “Hunting is extremely excited for the opportunity to use our worldwide,... Continue Reading →
Siemens signs contract to supply turbomachinery for the P-78 topside
(PN) Siemens Energy will supply a topsides turbomachinery package for the P-78 platform. The contract was signed with Keppel Offshore & Marine. The FPSO, which is owned by Petrobras, will also be operated by the Brazilian state-owned company, in partnership with the Chinese CNOOC and CNODC in Campo de Buzios, in the Santos Basin, approximately... Continue Reading →
Pairing offshore wind and oil & gas goes beyond decarbonization – report
(Offshore Energy)A study commissioned by Crown Estate Scotland has revealed that connecting offshore wind installations directly to oil and gas platforms could help decarbonisation, support economic activity, and encourage new companies to enter the offshore renewable energy sector. The report, carried out by independent consultancy company Natural Power on behalf of Crown Estate Scotland, follows... Continue Reading →
Offshore Wind: Mitsubishi, Shell Aim to Produce 400,000t of Green Hydrogen
(Reuters) Japan's Mitsubishi Corp and Shell aim to produce 400,000 tonnes of "green hydrogen" in 2030 through the companies' European offshore wind power project, the Yomiuri newspaper reported on Thursday. Dutch renewable energy firm Eneco, owned by Mitsubishi and Japan's Chubu Electric Power Co, has decided to invest 10% in a joint venture that includes... Continue Reading →
US Offshore Wind: Figuring Out the Business
(OE) If awards were given for dominating the sustainable energy spotlight, offshore wind (OSW) would surely be in line for top honors. Consider: Big money: BOEM’s February sale of New York Bight offshore wind development rights drew a record $4.37 billion in developers’ bids. Not only is that real money, but just as critically, “This... Continue Reading →
Wood Mackenzie – ‘Bare minimum’ of £485bn needed to establish global hydrogen market
A “bare minimum” of £458 billion of investment and policy support will be needed by 2050 to get the global hydrogen market up and running. That is according to the latest hydrogen strategic planning outlook report by Wood Mackenzie, a Verisk business. Flor Lucia De la Cruz, senior research analyst at the research company, said: “Substantial... Continue Reading →
One-year Deal: Shell Books Maersk Drillship for Drilling Ops in Multiple Countries
(OE) Danish offshore drilling company Maersk Drilling has won contracts with Shell for the provision of its Maersk Voyager drillship for drilling services offshore multiple countries. The contracts are expected to start in April 2022, with a total firm duration of one year. The total contract value is approximately $107.5 million, including a mobilization fee,... Continue Reading →
Petrobras on new oil discovery in the pre-salt in the Campos Basin
Petróleo Brasileiro S.A. - Petrobras, informs that discovered a new oil accumulation in the pre-salt in the southern portion of the Campos Basin, in a wildcat well in the Alto de Cabo Frio Central block. The well 1-BRSA-1383A-RJS (Alto de Cabo Frio Central Noroeste) is located 230 km from the city of Rio de Janeiro-RJ,... Continue Reading →
Giant drilling contractor Transocean goes into seabed minerals to support renewables
After making an entry into a carbon capture and storage project earlier this year, giant offshore drilling contractor Transocean is now investing in the exploration of seabed minerals to support the renewable energy supply chain. Transocean informed on Tuesday that it has purchased a minority interest in Ocean Minerals, a company engaged in the exploration of... Continue Reading →
AET’s Petrobras-bound Newbuild Shuttle Tanker Named in South Korea
Tanker operator AET named its new shuttle tanker Eagle Colatina earlier this week in South Korea. The vessel is the first of three purpose-built Suezmax dynamic positioning (DP2) shuttle tankers for a long-term charter to the Brazilian oil company Petrobras based on the agreement signed in February 2020. Shuttle tankers are used for the offloading... Continue Reading →