(offshoreWIND.biz) The Massachusetts State Legislature has passed a clean energy bill aimed at strengthening future offshore wind contracts. Among other provisions, the bill would allow the state to negotiate contracts of up to 30 years, extending the current 20-year limit. According to Massachusetts State Senator Karen E. Spilka, the legislation allows future offshore wind contracts to... Continue Reading →
DNV and Seatrium Join Forces for Innovation in Marine and Offshore Industries
(OE) DNV has signed a memorandum of understanding (MoU) with Seatrium to cooperate on strategic activities and projects in the areas of engineering, technology and new product design, with key focus on floating offshore energy solutions. Under the MoU, DNV will provide Seatrium with expert advice on market and regulatory trends, emerging technologies, and best... Continue Reading →
Petrobras and Yara sign agreements for technical cooperation and industrialization of ARLA 32
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on July 9, 2024, informs that it has signed two agreements with Yara and Araucária Nitrogenados S.A. (ANSA), a wholly-owned subsidiary of the company, in a next step towards structuring a potential partnership within fertilizers and industrial products. The first agreement includes the commercialization... Continue Reading →
BOEM Invites Feedback on Mitigation Measures for California Offshore Wind Leases
(offshoreWIND.biz) The US Bureau of Ocean Energy Management (BOEM) has opened a public consultation on a regional environmental analysis of potential mitigation measures on future development activities for five offshore wind lease areas off California’s central and north coasts. The Notice of Availability (NOA) for the California Draft Programmatic Environmental Impact Statement (PEIS) will be... Continue Reading →
SBM Offshore Third Quarter 2024 Trading Update Long read
Highlights FPSO Prosperity sold to ExxonMobil Guyana Ltd; FPSO Liza Destiny on track for sale before year-end TotalEnergies contract award for an FPSO as part of the GranMorgu field development project in Suriname 2024 Directional1 EBITDA guidance increased from around US$1.3 billion to around US$1.9 billion (+46%) 2024 Directional revenue guidance increased from above US$3.8... Continue Reading →
The Offshore Floating Wind Horses Have Already Left The Barn, Thanks To US Taxpayers
(cleantechnica.com) The offshore wind industry has planted tens of thousands of turbines in coastal waters around the world since the early 2000s. That’s a good start, but it’s just a start. New offshore floating wind technology is beginning to hit the market, extending the reach of wind turbines into new territory and providing new opportunities... Continue Reading →
Guyana poised to add close to one million barrels per day as FPSO sector takes off globally
(oilnow.gy) A total of 56 FPSO projects, between 2022 and 2027, are expected to commence their operations worldwide. Brazil leads the list with 22 followed by Guyana, with three already in production and three more under construction. Norway-based energy research and business intelligence company Rystad Energy says the FPSO market witnessed a 50% increase in... Continue Reading →
Brava Energia 3Q24 Earnings Release
Brava Energia ("Brava" or "Company") (B3: BRAV3) presents the results for the third quarter of 2024 ("3Q24"). The financial and operational performance described in financial statements and explanatory notes includes the consolidated results of 3R and Enauta since August 1, 2024, and therefore reflects three months of 3R results and two months of Enauta results.... Continue Reading →
Malaysia’s FPSO Firm Bumi Armada Eyes Merger with MISC’s Offshore Unit
(Reuters) Malaysian offshore energy facilities provider Bumi Armada said on Thursday that it was in talks with MISC to explore a merger with the maritime conglomerate's offshore unit. In a Bursa Malaysia filing, Bumi Armada said they had entered into a non-binding memorandum of understanding with MISC to explore a merger with its offshore business.... Continue Reading →
TechnipFMC to Supply Subsea Trees for Suriname’s First Oil and Gas Field
(OE) TechnipFMC has been secured an integrated engineering, procurement, construction, and installation (iEPCI) contract by TotalEnergies for its GranMorgu project on Block 58, the first oil and gas development offshore Suriname. The project will combine TechnipFMC’s subsea architecture with Saipem’s EPCI solutions and best-in-class pipelay capabilities - notably J-Lay, the optimal solution given the location... Continue Reading →