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(OET) Newly formed upstream energy investment platform Samos Energy has completed its first acquisition by getting its hands on all shares of PetroFirst, a floating energy infrastructure owner, from funds managed by BlackRock Infrastructure and from Petrofac Limited. According to Samos Energy, this acquisition enables it to take over PetroFirst’s fleet of three offshore production... Continue Reading →
Brazilian state-owned oil and gas giant Petrobras has concluded the auction for the disposal of a floating offshore platform, as part of its new commitment to sustainable ship recycling. This is believed to be the first recycling project of this sort to be undertaken in Brazil.Petrobras sold the P-32 floating unit, which worked at the Marlim field in the Campos... Continue Reading →
(GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday it has been awarded a significant order, to be booked in the second quarter of 2023, by MODEC to supply gas technology equipment for the BM-C-33 project in the Brazilian pre-salt Campos area. The project is developed by Equinor with partners Repsol Sinopec Brasil... Continue Reading →
(OE) Norwegian offshore vessel operator Solstad Offshore has officially exited the platform supply vessel business. Namely, the company on Wednesday completed the sale of its PSV fleet to the U.S. offshore vessel firm Tidewater for approximately $580 million. The transaction, first announced in March, was completed Wednesday, with all 37 platform supply vessels, primarily used for... Continue Reading →
(OE) Adopting a new approach to marshaling and load-out of wind farm jackets could cut logistics costs for project developers by as much as 60%, according to Heavy Lift Projects (HLP). HLP is an offshore wind farm logistics firm set up in 2021 to "to bring a fresh approach to offshore wind farm logistics at a... Continue Reading →
(OE) Norwegian offshore survey services firm PGS said Monday it had won a "large" offshore wind farm site characterization contract in the U.S. from a "leading renewable energy company." PGS will use the Sanco Swift vessel which is rigged as an offshore wind site characterization vessel. Mobilization is scheduled for August 2023 and acquisition is... Continue Reading →
(OE) Seaway 7, an offshore wind installation subsidiary of Subsea 7, has secured a "very large" contract with ScottishPower Renewables for the transport and installation of the foundations and inner-array cables for the East Anglia THREE offshore farm in the UK. Subsea7 defines a very large contract as being between USD 500 million and USD... Continue Reading →
(OE) Norwegian offshore vessel owner Solstad Offshore has revealed the expected completion date for its previously agreed sale of 37 platform supply vessels to the U.S. offshore vessel firm Tidewater. Solstad Offshore in March said it would sell 37 PSVs to Tidewater in a move that will mark Solstad Offshore's exit from the platform supply vessel... Continue Reading →
Classification society ABS announced it has granted approval In principle (AIP) to Wison Offshore and Marine’s (WOM) Extended FEED on its standardized 3.5 MTPA floating liquefied natural gas (FLNG) design. WOM has said the standardized design reduces CO2 emissions and results in a shortened engineering schedule by about 40%. Jiang Hao, WOM General Manager, FLNG... Continue Reading →
(PN) Petrobras has again extended the deadline for submitting proposals in the bidding process for contracting the new FPSO in the Albacora field. Now, the companies involved in the process will be able to file their bids until the 15th of September, as stated on the Petronect website. This is the second calendar postponement. As... Continue Reading →
Brazil Energy Insight 