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Feb 4 (Reuters) - Finnish engineering group Wartsila missed fourth-quarter orders forecasts on Wednesday, dragged down by U.S. battery tariffs and tougher competition in its energy storage business. The company's shares fell around 3%, even though CEO Hakan Agnevall pointed to "ample opportunities" supplying engine-based power generation to new data centres - a fast-growing business as... Continue Reading →
Feb. 3 (TN) According to recent data released in the 2025 Production Consolidation Supplement of the ANP's Oil and Natural Gas Production Bulletin*, three FPSOs operated by MODEC are among the top 10 producers in Brazil. The FPSO Guanabara MV31 stood out as the leading oil and gas producer in 2025, maintaining the position it... Continue Reading →
Jan. 30 (OE) MODEC has signed a statement of strategic intent with Eld Energy and Delta Electronics to collaborate on the development of a solid oxide fuel cell power generation system for offshore and maritime applications, including floating production, storage and offloading (FPSO) units. The agreement, signed on January 29, 2026, sets out plans to... Continue Reading →
Jan. 23 (OE) Global ocean services provider DeepOcean has completed trenching and survey operations on inter-array cables for a U.S. offshore wind project. DeepOcean’s scope of work encompassed trenching and surveying of the inter-array cables that connect turbines to the offshore substations. These critical operations ensure the long-term protection and stability of the subsea cable... Continue Reading →
Jan 23 (Reuters) - SLB beat Wall Street estimates for fourth-quarter profit on Friday, as the world's top oilfield services provider benefited from the ChampionX acquisition and unveiled plans to return $4 billion to shareholders this year. The company closed the $7.75 billion all-stock acquisition of ChampionX last July, adding production chemicals and artificial lift technologies... Continue Reading →
Jan. 22 (offshoreWIND.biz) The global fleet of offshore wind installation vessels could support achieving up to 400 GW of offshore wind capacity by 2030, provided that additional vessels are ordered and deployed, alongside supportive market conditions, according to a scenario study by the Kuehne Climate Center. The study also shows that, looking globally, newbuild investments... Continue Reading →
Veolia and SBM Offshore have signed a Memorandum of Understanding to develop and deploy innovative freshwater floating production units (FPUs), combining advanced reverse osmosis desalination technology with proven offshore engineering expertise to offer a sustainable, ocean-based solution to address global water demand. As water scarcity increasingly impacts business continuity and regional stability, securing reliable freshwater... Continue Reading →
Jan. 15 (OE) MODEC has commissioned Everllence to supply five compressor trains for its new Floating Production Storage and Offloading (FPSO) for the Gato do Mato - Orca Project offshore Brazil. The FPSO will be moored in the pre-salt area of the Santos Basin, approximately 200 kilometers south of Rio de Janeiro, at a water... Continue Reading →
Jan. 15 (offshoreWIND.biz) A 20 MW wind turbine was installed in the waters off southern Fujian, China, on 13 January as part of a research project. This is the first time a wind turbine with this output was installed at sea, both in China and in the world, according to China Three Gorges (CTG), which... Continue Reading →
Jan. 15 (OE) Offshore seismic services firm Shearwater Geoservices has secured a contract for a large 3D seismic acquisition program for ExxonMobil Trinidad and Tobago Deepwater. The deepwater survey offshore Trinidad and Tobago will cover approximately 6,000 square kilometers of full-fold area. The acquisition is scheduled to commence in the first quarter of 2026 and... Continue Reading →
Brazil Energy Insight 