Italian oilfield contractor Saipem has recently received the authorization to proceed with the final phase of the Payara development project in Guyana from the project operator ExxonMobil. Saipem has been working in this country for the last three years, starting with the award of the Liza phase 1 contract. Saipem said on Monday that this... Continue Reading →
Petrobras Extends Contract for Prosafe Flotel
Offshore accommodation specialist Prosafe has won a contract extension with Brazil's Petrobras for the provision of the Safe Notos semi-submersible vessel for safety and maintenance support offshore Brazil. The original three years and 222-day firm period were due to complete in July 2020, but the extension will result in operations through to mid-November 2021, Oslo-listed... Continue Reading →
Petrobras concludes the sale of Baúna field
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 07/24/2020 and 07/28/2020, informs that it has concluded today the sale of its entire stake in the Baúna field (BM-S-40 concession area), located in shallow waters in the Santos Basin, to Karoon Petróleo & Gás Ltda (Karoon), a subsidiary of Karoon Energy Ltd.... Continue Reading →
EU Eyes Huge Hike in Offshore Wind Capacity to Meet Climate Goals
The European Union is considering a plan to increase its offshore wind energy capacity five-fold this decade and 25-fold by 2050, as it seeks to become climate neutral by mid-century, according to a draft policy. The 27-nation EU, which is already home to 42% of the world's offshore wind capacity, says the technology now produces clean power at a... Continue Reading →
Boskalis Q3 offshore energy results partly hit by COVID-19, Horizon acquisition paying off
Boskalis has reported a revenue increase at its Offshore Energy business in the third quarter of 2020, compared to the previous two quarters, but also a drop in its order book to € 1.3 billion (€ 1.47 billion at the end of June). The company noted a strong contribution from the seabed intervention unit, while... Continue Reading →
PRE-SALT PRODUCTION INCREASED ALMOST 60 TIMES IN THE LAST DECADE
The National Petroleum Agency (ANP) launched a special edition of its monthly bulletin of oil and gas production in Brazil, a document that is completing ten years of existence. Among the highlights of the new report, is the evolution of the pre-salt fields. From 2010 to the present day, production in the area grew almost... Continue Reading →
Noble gets rid of five cold-stacked floating rigs
Offshore drilling contractor Noble Corporation has decided to sell five of its cold-stacked floating drilling rigs. In its fleet status report on Wednesday, Noble Corp. said it had signed rig sale agreements for five rigs. The deals were signed for two drillships – Noble Bully I and Noble Bully II – and three semi-submersibles – Noble Jim Day, Noble Danny Adkins,... Continue Reading →
Iberdrola’s $88B Green Spending Spree Eclipses European Big Oil’s Plans
Spanish wind energy group Iberdrola's plans to spend around $88 billion on renewable power by 2025 eclipse Europe's top oil companies' combined planned investments in low-carbon over the same period. Royal Dutch Shell, BP, Total, Norway's Equinor, Spain's Repsol, and Italy's Eni aim to grow their low-carbon businesses after setting out plans to sharply reduce... Continue Reading →
McDermott Ships Second Batch of Topside Modules for Modec FPSO
Offshore engineering and construction firm McDermott on Thursday announced the second shipment of topside modules for a floating production storage and offloading (FPSO) unit for Japans' Modec. The new shipment comes just weeks after the first shipment of modules sailed away from McDermott's Altamira fabrication facility in Mexico to be installed on the FPSO named... Continue Reading →
In a World’s First, Spider-like Robot Deployed on Offshore Wind Turbine
In what has been described as a "world's first" a spider-like robot recently achieved its first blade walk an offshore wind turbine in the UK, opening door to significant offshore inspection cost cuts. Developed by BladeBUG, with support of the Offshore Renewable Energy (ORE) Catapult, the six-legged inspect-and-repair robot last month repeatedly scaled blades at... Continue Reading →
