Gazelle Wind Power (Gazelle), the developer of a next-generation floating offshore wind platform, and Tugdock, developers of the world’s first road-transportable floating dry dock known as the Tugdock Submersible Platform, have signed a Memorandum of Understanding to co-develop a modular offshore wind assembly system, that is expected to dramatically drive down costs and increase production... Continue Reading →
Oceantic Network CEO: ‘There Comes a Time When We Have to Say Enough Is Enough’
(OW) As new offshore wind markets keep emerging and targets in established markets keep increasing, questions on how much capacity can actually be installed, especially until 2030 which is just around the corner, are now part of the sector’s foreground. The most vocal on the (un)likeliness of the national and regional targets for 2030 being... Continue Reading →
MODEC and Toray Develop New FPSO Repair Technique
(OE) MODEC and Toray Industries have jointly developed a carbon fiber-reinforced plastic (CFRP) patch technique for repairs on Floating Production, Storage and Offloading (FPSO), and Floating Storage and Offloading (FSO) systems. FPSO and FSO repair services provided by MODEC, a general contractor specializing in engineering, construction, operation, and maintenance services of offshore oil and gas... Continue Reading →
PRIO completes intervention in the Frade Field using own Hunter Queen rig
The sixth-generation semi-submersible rig, Hunter Queen, which has belonged to PRIO since July 2022, completed its first operation this month in the Frade field, in the Campos Basin. The rig has the capacity to drill in water depths of up to 3,000 meters and wells of up to 10,000 meters, and is also capable of... Continue Reading →
Yinson invests in carbon capture technology firm to curb emissions from FPSO ops
(OET) Yinson Production, an offshore production business arm of Malaysia’s Yinson Holdings, has made a move to slash its carbon footprint by making a strategic investment in Ionada, in recognition of the potential the firm’s carbon capture technology holds as a tool to decarbonize FPSO operations and lead to emissions reduction in the hard-to-abate industries.... Continue Reading →
Prysmian wins €100 million contract with Petrobras
(OET) Italian cabling giant Prysmian has secured a contract worth over €100 million with Brazil’s state-owned oil and gas giant Petrobras for the provision of umbilicals and steel tube. Under the contract, Prysmian will deliver 170 kilometers of deep-water electro-hydraulic umbilicals and the related specialized offshore and logistic services. The deep-water steel tube and thermoplastic umbilicals... Continue Reading →
China’s Envision Energy Says ‘Easy’ to Triple Renewables
(Reuters) Chinese wind turbine maker Envision Energy believes "it's easy" to meet an international pledge made at the COP28 climate summit to triple renewables by 2030. "This is not visionary," Envision CEO Lei Zhang told Reuters on the sidelines of the summit in Dubai. "If you look at the wind and solar growth rate in... Continue Reading →
Brazil’s Locar to Integrate Kongsberg Digital’s Vessel Insight
Kongsberg Digital has partnered with Locar, a Brazilian offshore vessel operator, to enhance its digital infrastructure and optimize DP operations. Locar will integrate Vessel Insight, Kongsberg Digital’s vessel-to-cloud infrastructure to derive valuable data insights from their vessels. This implementation aims to provide Locar with a new level of transparency and optimize fleet performance. The initial... Continue Reading →
Exxon’s CEO sets ambitious agenda on tight timeline
(Reuters) - Exxon Mobil (XOM.N) CEO Darren Woods' first five years at the oil company were marred by missed oil production targets, an investor rebellion and the company's biggest-ever financial loss. Redemption came this year when - aided by a share price pumped up by high oil prices - he clinched a $60 billion deal to buy shale rival... Continue Reading →
TotalEnergies at COP28 says renewables the way to phase out fossil fuels
(Reuters) - TotalEnergies's (TTEF.PA) CEO gave his backing to an international pledge to triple renewable energy generation at the COP28 climate summit, calling it necessary to phase out fossil fuels and decarbonise. "It's the right way to frame the object, tripling renewables, because if we don't do that, there's no way to phase out fossil energy," Patrick Pouyanne told... Continue Reading →