FPSO Maria Quitéria arrives in Brazil

The Maria Quitéria platform vessel has arrived in Brazil, destined for the Jubarte field, in the Parque das Baleias complex, in the Espírito Santo portion of the Campos Basin. It is an FPSO (floating oil production, storage and transfer system) unit, equipped with technologies to reduce emissions, including the combined cycle in power generation –... Continue Reading →

Offshore Wind: Inside the Financial Web

Barry Parker, Contributor of bdp1 Consulting Ltd (OE) Early 2024 saw a group of financial deals that have implications, in a broad sense, for how offshore wind projects may be financed. While offshore wind projects might be thought of as being in the ‘utility finance’ basket, they are ultimately high-risk deals that might better suit the... Continue Reading →

Occidental Petroleum and Ecopetrol to Drill World’s Deepest Offshore Oil Well

(Oilprice.com)U.S. shale producer Occidental Petroleum Corp. (NYSE:OXY) and Colombia's integrated energy company Ecopetrol S.A. (NYSE:EC) are planning to drill an offshore oil well off Colombia's waters in seas roughly 3,900 meters (close to 13,000 feet) deep before the year is out, Bloomberg has reported. Dubbed Komodo-1, the ultra-deepwater well will qualify as the deepest offshore oil well in the world, beating... Continue Reading →

Japan’s Sumitomo Partners with Compatriot for Floating Offshore Wind

(offshoreWIND.biz) Japan’s Sumimoto Corporation and JGC Japan Corporation have signed an agreement to investigate the possibility of collaboration in the detailed design, manufacture, and delivery of structural components for floating offshore wind turbines. According to the companies, they aim to cut costs, improve efficiency, and mass-produce structures for floating wind farms, while also setting up... Continue Reading →

OPT Grows Presence in Latin America

(OE) Ocean Power Technologies (OPT) has signed a reseller agreement for its technology with Geos Telecom, a provider of maritime communication and navigation solutions in Costa Rica. The partnership marks an expansion of OPT’s presence in the Latin American market and includes the immediate sale of a WAM-V (Wave Adaptive Modular Vessel) with anticipated near-term... Continue Reading →

Navigating the Future of Floating Offshore Wind- GustoMSC

(offshoreWind.biz) The global energy landscape is undergoing a transformation with an increasing demand for clean and renewable energy sources. Wind energy is a crucial player in this transition. The technology that can increasingly contribute to this development is floating offshore wind. This promising technology is key to unlocking the potential of wind energy in deeper... Continue Reading →

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