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Philip Lewis, Contibutor (OE) The U.S. Maritime Administration (MARAD) has recently announced an amendment to the Federal Ship Financing Program, commonly referred to as Title XI. The amendments have aligned the program’s financial requirements and tests with common current federal credit and maritime lending best practices. In particular, the amendments aim to move away from inflexible... Continue Reading →
(OE) Despite short-term obstacles driven by high inflation and interest rates coupled with supply chain issues, we maintain that the foundations supporting long-term offshore wind activity remain solid. As we prepare for the new year, let us look at 10 factors that will shape the offshore wind sector in 2024. 1. A Continuously Dynamic Energy... Continue Reading →
(OW) At this year’s Offshore Energy Conference and Exhibition (OEEC) in Amsterdam, Armin Seidel, Area Sales Manager Heavy Lift Ship and Offshore Cranes from Liebherr, talked about the company’s achievements throughout the years, as well as the future of crane development in the offshore wind realm. Liebherr, one of the largest construction machine manufacturers in... Continue Reading →
(OM) Perenco Brazil’s double-hulled FSO Pargo has received first oil from the Pargo Cluster in the Campos Basin offshore Brazil. This follows recent clearance from the Brazilian regulatory authorities earlier. The vessel, converted in Dubai, has a crude storage capacity of 740,000 bbl. It is anchored by nine moorings connected to a new integrated turret system, and it... Continue Reading →
(OET) Norwegian seismic company PGS has reflagged the entire fleet of owned vessels to Norway, a move said to have the global geopolitical situation as a driving factor. The reflagging of the Ramform Tethys on December 5 marked the completion of the initiative to bring the entire PGS fleet of owned vessels under the Norwegian flag.... Continue Reading →
(OET) Norway’s DOF has performed its first-ever offshore ROV mission piloted from onshore, an operation that the company sees as a significant milestone. “I’m enthusiastic about the successful implementation of ROV remote operations and the positive impact this will have on our company’s future. Going forward, we will mature the technology further and commercialise it... Continue Reading →
(TN) The Petrobras drill ship that will be responsible for drilling the Pitu Oeste well, on the Equatorial Margin, arrived in the state of Rio Grande do Norte. The vessel left Rio de Janeiro on December 6th and will begin operating later this month in the BM-POT-17 concession. The license to drill exploratory wells, in... Continue Reading →
(OET) Japan’s MODEC and Terra Drone Corporation, a compatriot drone and urban air mobility (UAM) technology company, have tucked what is said to be the world’s first approval from the American Bureau of Shipping (ABS), a classification society, for a drone-based FPSO hull thickness measurement under their belts. This comes after MODEC joined forces with Terra Drone Corporation... Continue Reading →
(PN) Petronas began drilling its first exploratory well in the country this week. The activity took place in a water depth of 3,027 meters, in block C-M-661, in the Campos Basin. The well is being drilled by the Valaris Renaissance rig (DS-15) and has been named Mola-1. As a reminder, block C-M-661 was purchased by... Continue Reading →
(OE) MODEC and Toray Industries have jointly developed a carbon fiber-reinforced plastic (CFRP) patch technique for repairs on Floating Production, Storage and Offloading (FPSO), and Floating Storage and Offloading (FSO) systems. FPSO and FSO repair services provided by MODEC, a general contractor specializing in engineering, construction, operation, and maintenance services of offshore oil and gas... Continue Reading →
Brazil Energy Insight 