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Brazilian shipping company Grupo CBO has added a new platform supply vessel (PSV) to its fleet and signed its second contract for one of its anchor handling tug supply (AHTS) vessels with the Brazilian subsidiary of Australia’s Karoon Energy. Brazil’s offshore vessel operator CBO informed on Thursday that it has completed the acquisition of the PSV CBO... Continue Reading →
SBM Offshore has issued a progress report on various FPSO construction programs in its latest results statement. The third stage flash gas compressor on the Liza Destiny, which operates on the Liza field offshore Guyana, remains stable and continues to operate. Engineering is in progress on a re-designed flash gas compressor, which should be installed around mid-year.... Continue Reading →
Petrobras posted an excellent operational performance in 2021, reaching all production targets for the year with the achievement of the following marks: The highlights for 2021 were: FPSO Carioca production start-up, on August 23, the first platform in Sépia field, in Santos Basin pre-salt. Throughout the year, 3 new producing wells were connected and currently... Continue Reading →
(Reuters) - Norwegian oil services firm Aker Solutions (AKSOA.OL) raised its 2022 revenue outlook on Tuesday and said its earnings margin is likely to increase this year while order intake is headed for a record high, sending its shares sharply higher. The company now expects revenue to rise by more than 20% to at least 35 billion... Continue Reading →
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 →
Brazil Energy Insight 