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Philip Lewis contributor: (OE) A fleet of newbuild specialized anchor handlers will be required to help build up the emerging floating offshore wind industry. But since the industry is still in its early days, many unknowns have made it difficult for shipyards and their partners to gear up to build this fleet. This article explores... Continue Reading →
(OE) Offshore drilling rig contractor Seadrill said Tuesday it had generated $414 million in total operating revenues, a sequential increase of $148 million, or 56%, benefitting from contracted rigs acquired as part of the Aquadrill transaction, completed on April 3, 2023. Adjusted EBITDA nearly doubled from $85 million in the prior quarter to $159 million, or... Continue Reading →
Solstad Offshore has been awarded two contracts worth $100 million in total from Brazilian clients. The Norwegian offshore vessel owner said that its construction support vessel, Normand Pioneer, won an extension of its charter contract with the Brazilian oil company PRIO for a period of 18 months to August 2025. The vessel will support PRIO's... Continue Reading →
Wilson Sons, a leader in port and maritime logistics in Brazil, recorded profit of R$197 million in the first half of this year, 23% higher than the same period in 2022. In the second quarter of 2023, the company's profit was R$111 million, an increase of 583% compared to the same period last year. Net... Continue Reading →
SBM Offshore announced to the market this week its financial and operational balance sheet for the first half of the year. One of the main highlights of the report concerns the updates in the works of three FPSOs ordered by Petrobras (Sepetiba, Almirante Tamandaré and Alexandre de Gusmão). In these three projects, the company is... Continue Reading →
(Reuters) - Dutch oil and gas services company SBM Offshore (SBMO.AS) reported on Thursday half-year earnings before interest, tax, depreciation and amortisation (EBITDA) that missed consensus estimates and fell below the year-earlier level. It partly attributed the drop to ongoing supply chain challenges and a reduced contribution from the Almirante Tamandaré floating production, storage and offloading (FPSO)... Continue Reading →
(OE) Rovco, a UK-based subsea robotics and survey firm, has won a contract with Flotation Energy to carry out a geo-environmental survey at its planned Cenos floating offshore windfarm, 200 kilometers off the north-east coast of Scotland. Located in the Central North Sea, the planned 1.4 GW Cenos floating wind development will cover approximately 333 km2. ... Continue Reading →
(OE) Malaysian FPSO leasing company Yinson Production said Monday it had secured a $230 million term loan facility in relation to FPSO Maria Quitéria Yinson is delivering for Petrobras in Brazil. The loan facility was structured and arranged by Global Infrastructure Partners (“GIP”), an independent infrastructure fund manager with approximately USD100 billion in assets under... Continue Reading →
Baker Hughes’ international rig count report shows a boost in the number of offshore rigs in July 2023, as 6 additional units were recorded compared to the month before. On the other hand, the total number of international rigs saw a drop in activity, falling to 961 from 967 units in June 2023. Following a decrease of... Continue Reading →
Huisman has been awarded a contract by Seaway8, part of Subsea7 Group, for the delivery of the entire monopile installation spread for the jack-up vessel Seaway Ventus, which is currently being built by China Merchants Heavy Industry (CMHI). Under the contract, Huisman will deliver a monopile gripper, an upending frame, and two sets of monopile storage... Continue Reading →
Brazil Energy Insight 