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(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 →
(OET) Subsea 7 has completed the polymer lining scope at Woodside Energy’s Sangomar field development Phase 1 project, Senegal’s first offshore oil development. This is said to mark the first use of the Swagelining polymer liner system offshore West Africa and for Woodside Energy. The Swagelining system was selected as a corrosion barrier for 24 kilometers of... Continue Reading →
(OE) Malaysian FPSO leasing firm Yinson Production has acquired the Atlanta FPSO, a floating, production, storage, and offloading vessel that will serve as a production unit at Enauta's Atlanta field in Brazil. Yinson acquired the FPSO through the acquisition of AFPS B.V., the platform owner company. Back in February 2022, Brazilian oil firm Enauta bought... Continue Reading →
Offshore drilling firm Valaris said Monday it had secured a 12-well contract offshore West Africa for drillship VALARIS DS-7. Valaris will reactivate the drillship for this contract. The contract, with an undisclosed client, is expected to start in the second quarter of 2024 and has an estimated duration of 850 days. The total contract value... Continue Reading →
China-based companies specializing in ocean-based heavy lift transport COSCO SHIPPING Specialized and Guangzhou Salvage have concluded a joint venture deal leading to the creation of a fleet of 18 semi-submersible vessels by the end of 2023. Commercial management of the fleet will be handled by the joint venture and COSCO SHIPPING Heavy Transport exclusively with... Continue Reading →
(OET) Fugro has reported a revenue of over €1 billion for the first half of 2023, representing a 24.1% growth from €833 million in the first half of 2022, said to be due to continued high client demand in energy markets, in particular for offshore wind site characterization solutions and related nearshore activities. In 1H... Continue Reading →
In 2Q23, average production of oil, NGL and natural gas reached 2.64 MMboed, 1.5% lower compared to 1Q23, mainly due to higher volume of losses from stoppages and maintenance, the natural decline of mature fields and divestments. Those effects were partially offset by the ramp-up of P-71, in Itapu field, and the startup of FPSOs... Continue Reading →
