Category: Technology

MODEC’s Guyana-bound FPSO destined for ExxonMobil’s fifth oil project goes to EPCI stage

Japan’s FPSO provider MODEC is moving to the engineering, procurement, construction, and installation (EPCI) phase for ExxonMobil’s floating production storage and offloading vessel (FPSO), which will work on the U.S. energy giant’s recently sanctioned fifth offshore development project in Guyana. MODEC disclosed on Monday, 8 May 2023, that it would proceed with engineering, procurement, and construction on the Uaru FPSO, following a final... Continue Reading →

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NOV Wins New Contract to Supply Wind Turbine Installation Vessel Design to Havfram

NOV has signed a new contract with China's CIMC Raffles to supply another GustoMSC™ NG-20000X self-propelled wind turbine installation jack-up vessel design for Havfram, an offshore wind services company based in Norway, which recently ordered its second wind turbine installation vessel from CIMC. According to NOV, the NG-20000X-HF vessels are among the largest wind installation... Continue Reading →

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FutureOn expands its reach into Latin America with multi-year contract award from Petrobras

FutureOn, the global energy software company, has secured a multi-year contract with Petrobras to license its groundbreaking digital design and decision-making platform, FieldTwin. The major Brazilian oil and gas company will leverage the platform to spearhead the digital transformation of its subsea operations. FieldTwin will disrupt the current subsea workflow, enabling Petrobras’ teams to accelerate... Continue Reading →

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Technip Energies Sets Up Green Hydrogen JV, Beats Quarterly Earnings Expectations

(Reuters) French oil and gas services group Technip Energies on Thursday announced a green hydrogen solutions joint-venture with Belgian group John Cockerill, while reporting stronger-than-expected first-quarter earnings.  The need to combat climate change, along with Russia's invasion of Ukraine, have created opportunities for energy service firms, with increased investments in liquefied natural gas (LNG) and... Continue Reading →

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‘Hydrogen Hubs’ to the Fore

Barry Parker, Contributor (OE) The path to decarbonization is defined by partnership and fueled by government funding. This month we examine the players, partnerships, and evolution of Hydrogen Hubs in the Gulf of Mexico. The Green Shipping Challenge, organized by the United States and Norway at COP 27 held in late 2022, brought about dozens of... Continue Reading →

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A New Generation of WTIVs

Wendy Laursen, Contributing Writer (OE) WTIVs have always been fuel-hungry. Now they are being tasked with installations that are further, deeper and heavier. Offshore wind farms continue their march into deeper water, further from shore, with turbines that can now reach more than 270 meters high with blades 120 meters long. Designers and OEMs are pushing... Continue Reading →

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MISC reveals ‘world’s first’ future-proof newbuild FPSO sporting mega-module topsides

Malaysia’s shipping giant MISC Berhad (MISC), an owner and operator of offshore floating and energy-related maritime solutions and services, has unveiled – what it deems to be – the world’s first future-ready newbuild floating production storage and offloading (NBFPSO) vessel at the Offshore Technology Conference (OTC) in Houston. MISC reported on Tuesday, 2 May 2023,... Continue Reading →

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