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(Reuters) Offshore drilling contractor Seadrill is looking to buy more assets or create a larger player by merging with peers, the company's CEO said on Wednesday. Norwegian-born billionaire John Fredriksen lost the control of the company, once the world's largest driller by market cap, to its creditors over two debt restructurings since 2014. Now a... Continue Reading →
(OE) Motive Offshore Group, a rental, inspection and engineering equipment provider for the energy sector, has acquired Aquatic, a company specializing in laying and retrieving flexible products from the seabed, previously owned by marine energy and infrastructure services company Acteon. The deal will increase Motive’s rental fleet and provide a full back-deck offering globally. Motive... Continue Reading →
(OE) Vineyard Offshore and Community Offshore Wind have submitted proposals to the New York State Energy Research and Development Authority (NYSERDA) to develop two offshore wind projects as part of the state’s fifth solicitation round. Vineyard Offshore has submitted application to develop Excelsior Wind, a 1,350 MW offshore wind project, located 24 miles from the... Continue Reading →
– Petróleo Brasileiro S.A. – Petrobras informs that it has signed a Memorandum of Understanding (MoU) with Gerdau S.A., aimed at evaluating commercial opportunities and potential partnerships in decarbonization projects; low carbon fuels; hydrogen and its products; carbon capture, utilization and storage (CCUS); as well as R&D projects related to the integrity of materials in... Continue Reading →
(OE) Saipem and newcleo have signed a collaboration agreement to identify solutions for the offshore application of newcleo’s technology to produce nuclear energy, which could provide zero-emission electricity for oil and gas installations. The objective of the agreement signed by the companeis is to study the application of newcleo’s Small Modular Lead-cooled Fast Reactor (SM-LFR)... Continue Reading →
(OE) Jumbo Offshore has completed transport and installation of transition pieces on the Yunlin offshore wind farm in Taiwan, under a contract with Yunneng Wind Power. For its role on the project, Jumbo Offshore deployed its DP2 Heavy Lift Crane Vessel Jumbo Javelin. Jumbo Javelin was outfitted in a project-specific set-up to undertake the work... Continue Reading →
(Reuters) - Exxon Mobilhas pulled out of the race to buy half of Galp Energia's (GALP.tab stake in a large oil discovery in Namibia that has attracted interest from top energy companies, sources with knowledge of the matter said. More than 12 oil companies including Exxon, Shell and Brazil's national oil company Petrobras had expressed interest in Galp's 40% stake in... Continue Reading →
In its four years of operation, the world’s first semi-submersible floating offshore wind farm, WindFloat Atlantic, has surpassed anticipated production figures, achieving a total cumulative output of 320 GWh. Connected to the grid by the end of 2019 and fully commissioned in 2020, the floating offshore wind farm was developed by the Windplus consortium formed... Continue Reading →
(OE) SBM Offshore has signed two share purchase agreements with its partner MISC Berhad related to two floating production storage and offloading (FPSO) units. Under the agreement, SBM Offshore will acquire MISC Berhad’s entire effective equity interest in the lease and operating entities related to the FPSO Espirito Santo in Brazil. SBM Offshore is the... Continue Reading →
(OE) Offshore drilling contractor Constellation has secured a new contract with Shell for its Alpha Star ultra-deepwater drilling rig offshore Brazil. The contract is for approximately 30 days, having started on August 30, 2024. The new contract will be executed at the same day rates as the current agreement with 3R Petroleum and will not... Continue Reading →
Brazil Energy Insight 