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(offshoreWIND.biz) Europe needs to invest an extra EUR 6.4 billion in port facilities and new vessels to reach its offshore wind energy goals, according to WindEurope. Currently, Europe can install and maintain about 10 GW of offshore wind annually, enough to meet its 2030 energy security targets, but after 2030, this capacity must rise to... Continue Reading →
(OE) Autonomous subsea robotics and software solutions specialist Nauticus Robotics has signed a master services agreement (MSA) with Advanced Ocean Systems (AOS), forming a strategic alliance seeks to accelerate the integration of autonomy across the offshore sector. The agreement is structured around an ongoing, multi-year commitment that is expected to see the two organizations collaborate... Continue Reading →
(offshore-energy.biz) A new project has been launched in the UK to improve the effectiveness of mooring lines and dynamic cables on floating offshore wind farms. Historically, mooring repair costs for oil production assets have exceeded GBP 400 million (approximately $542 million; €461 million) for a single incident, while cable failures have accounted for between 70%... Continue Reading →
(offshore-energy.biz) Japan’s MODEC has delivered a structure that will form part of a floating production storage and offloading (FPSO) unit to be deployed to a project offshore Guyana operated by ExxonMobil, a U.S.-headquartered oil and gas giant. As reported by the Japanese player, the topsides modules for FPSO Errea Wittu arrived at the BOMESC yard in Tianjin, China. The... Continue Reading →
July 24 (Reuters) - Britain will increase the guaranteed price offered for offshore wind projects in this year’s renewables auction by 11%, government documents showed, amid rising costs for projects due to inflation and supply chain bottlenecks. The Labour government is facing mounting pressure from opposition parties over the affordability of its net-zero plan and... Continue Reading →
(offshore-energy.biz) TGS has completed an ultra-high-resolution 3D (UHR3D) seismic survey for the Green Volt floating offshore wind farm in Scotland, developed by a consortium of Flotation Energy and Vårgrønn. According to TGS, the record-breaking survey integrated Multibeam Echo Sounder (MBES), Sub-bottom Profiler (SBP), Side Scan Sonar (SSS), and magnetometer data into a unified dataset. This... Continue Reading →
(OE) Energy services firms Saipem and Subsea7 have signed a binding merger agreement to create a leading energy services company under the name of Saipem7, which will have a combined backlog of over $50 billion. The binding merger agreement follows the memorandum of understanding the companies signed in February 2025. Completion of the proposed merger... Continue Reading →
(Reuters) -Oilfield services provider Baker Hughes surpassed Wall Street expectations for second-quarter profit on Tuesday, helped by robust demand for its natural gas services even as it warned of a drop in spending by oil producers. Baker Hughes joined its U.S. rivals Halliburton and SLB in warning of a slowdown in upstream activity and spending,... Continue Reading →
July 23 (Reuters) - Green hydrogen developers are cancelling projects and trimming investments around the world, raising the prospect of longer than targeted reliance on fossil fuels. The challenges facing the sector have exposed its initial ambitions as unrealistic. Hard-to-electrify industries that were seen as ideal candidates for green hydrogen, such as steelmaking and long-distance transportation, have... Continue Reading →
(OE) The world’s most powerful direct-drive floating offshore wind turbine, rated at 17 MW and co-developed by Dongfang Electric Corporation and China Huaneng, has been rolled out in China. With the highest single-unit capacity and the largest rotor diameter globally, the milestone marks a new breakthrough in China’s offshore wind power equipment manufacturing and provides... Continue Reading →
Brazil Energy Insight 