(OE) U.S.-based offshore drilling contractor Noble Corporation on Wednesday announced it has completed its acquisition of peer Diamond Offshore Drilling. The merger creates the industry's largest fleet of 7th generation dual-BOP drillships and adds 4.8 rig years and approximately $2 billion to the Noble backlog, which now stands at $6.7 billion. Noble's board of directors... Continue Reading →
Yinson sheds one of five spin-offs to home in on FPSO and energy transition business arenas
(offshore-energy.biz) Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, which currently invests in five business units – Yinson Production, Yinson Renewables, Yinson GreenTech, Farosson, and Regulus Offshore – has set the wheels in motion to part with the last affiliate on this list, which offers integrated offshore support vessel (OSV) services. Given Yinson’s strategic... Continue Reading →
TechnipFMC: It’s a wrap on Guyana’s flagship $1.9 billion gas-to-energy project (video)
(offshore-energy.biz) UK-headquartered energy technology provider TechnipFMC has put the finishing touches on its assignment at a gas-to-energy (GtE) project off Guyana’s Atlantic coast, which is envisioned to enable infrastructure buildout required to allow for natural gas to be transported from an oilfield in the waters of the prolific Stabroek Block to an integrated natural gas... Continue Reading →
Petrobras to use Paradigm’s technology for deluge system testing
(offshore-mag.com) Petrobras has signed an agreement to implement Dry-Flo technology in Brazil for the dry testing of deluge systems in its Búzios field FPSO units. This technology, developed by the Paradigm Group, has already seen global adoption across various players in the onshore and offshore markets. The contract was facilitated with support from Mi Fire, Paradigm’s local partner in... Continue Reading →
CBO Group signs contract with ENEL for decarbonization solutions
(TN) Enel Trading, the Enel Group's trading company, has facilitated the acquisition of carbon credits from Enel Green Power plants by CBO Group (Companhia Brasileira de Offshore), a company in the maritime support segment. The company signed a contract to offset emissions from its vessels, via carbon credits, and from three administrative units, via I-RECs... Continue Reading →
China’s New Installation Vessel Capable of Installing 20MW Turbines
(OE) The mobile wind power installation platform Hengtong Haiyue has been delivered to the Hengtong Group by Jiangsu Dajin Heavy Industry in China. The mobile platform is equipped with a 1,600t leg encircling full-circle slewing crane as well as a 4,000m2 deck with a variable load of over 8,500t, and is capable of installing 20MW... Continue Reading →
Platform ship Sepetiba reaches top pre-salt production
The platform ship Sepetiba, chartered by Petrobras, reached its top production, 180 million oil barrels per day (bpd), in the Mero field, in the Santo Basin’s pre-salt layer, last Tuesday (08/27). This milestone was reached within the estimated time frame of eight months due to the promptness of the unit’s oil treatment and gas compression... Continue Reading →
MODEC and Altera: Marrying FPSO tech with renewable and low-carbon plays to shape energy transformation beyond oil & gas
(offshore-energy.biz) Given the rising expectations about oil and gas, especially liquified natural gas (LNG), being in demand even after 2050, entwining innovation and technology arms is increasingly being recognized as the right recipe to not only unleash untapped low-carbon barrels but also unlock the gates of green power. Japan’s MODEC and the UK-based Altera Infrastructure... Continue Reading →
Helix bags $786 million for multi-year well intervention ops with two vessels offshore Brazil
(offshore-energy.biz) U.S.-headquartered offshore energy services provider Helix Energy Solutions has picked up multimillion-dollar long-term assignments off the coast of Brazil for two vessels, which will carry out well intervention work for the country’s energy giant, Petrobras. Following a competitive tender process, Helix entered into three-year vessel charter and service contracts with Petrobras for the Siem Helix 1 and Siem Helix 2 riser-based... Continue Reading →
Havila Shipping Reports Quarterly Profit
(OE) Offshore supply services company Havila Shipping has recorded a profit before tax of NOK 4.0 million ($382,000) in Q2 2024, compared with NOK -5.4 million in Q2 2023. Deals made in the quarter include the agreement with Reach Subsea to extend the contract for the IMR vessel Havila Subsea. The existing contract was due... Continue Reading →