(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 →
Sale of 37 PSVs to Tidewater: Solstad Offshore’s Exit from PSV Sector Imminent
(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 →
Wison’s FLNG FEED Design Earns AIP from ABS
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 →
Petrobras extends deadline for proposals for the new FPSO for the Albacora field in the Campos Basin
(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 →
Prysmian’s new cable-laying vessel named after famous painting
Italy’s cabling giant Prysmian has selected the name for its new cable-laying vessel (CLV), said to reflect a strong connection with its sister vessel Leonardo da Vinci. The new 171-meter-long CLV, currently being built by Vard in Romania, will be named Monna Lisa. The name was chosen through an internal survey conducted among all 30,000 employees,... Continue Reading →
Brazilian Enauta FPSO back online
Brazilian oil and gas player Enauta has concluded a scheduled maintenance shutdown for a floating, production, storage, and offloading (FPSO) vessel, which is currently working on a field offshore Brazil. Back in May 2023, Enauta started preventive maintenance at the FPSO Petrojarl I. The production at the Atlanta field was expected to resume in mid-June, with the resumption of production... Continue Reading →
Scotland’s Largest Offshore Wind Farm Stands Complete
The final turbine has been installed at Scotland’s largest offshore wind farm, Seagreen, off the coast of Angus. The work was carried out by Cadeler’s wind farm installation vessel Wind Orca, which replaced its sister vessel Wind Osprey in April 2022. Many of the wind turbines are installed in a water depth of more than 55 metres, while... Continue Reading →
The Evolving FPSO Landscape – Healthy Demand, Changing Procurement
(OE) After a slowdown in activity during 2020/2021 due to soft commodity prices, demand for FPSOs is picking up. With exploration hotspots like Namibia’s Orange Basin and the East Mediterranean delivering new finds, the FPSO market outlook is healthy. But shipyard capacity constraints are beginning to weigh on delivery, leading to cost concerns. Furthermore, FPSO... Continue Reading →
Energy Transition: What is an Offshore Vessel Operator to Do?
Philip Lewis, Contributor (OE) The energy transition is moving ahead amid recovery in offshore oil & gas and growth in offshore wind, leaving vessel owners that serve these markets with big questions about energy carrier and energy converter selection for their newbuilds.What is driving the change? The foundations of energy transition in the offshore and marine... Continue Reading →
US Offshore Power Finally Has Wind in Its Sails
By Josh Saul (Bloomberg) Offshore wind has been a long time coming in the US, but after a decade of false starts the country’s first-ever turbine installation for a big project is finally happening. A heavy-lift vessel began sinking foundations last week about 15 miles off Martha’s Vineyard, Massachusetts. It’s working for Vineyard Wind, a joint venture between... Continue Reading →