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(OE) Paratus Energy Services, through its subsidiary SeaMex Holding, has secured a one-year contract for the Titania jack-up rig in Mexico. The new contract will contribute approximately $55 million in backlog and is expected to start around mid-February 2024, Paratus informed. As previously disclosed, the Titania jack-up remained operating under its existing contract with Pemex... Continue Reading →
(PN) 3R announced that it hired Itaú BBA as the company's financial advisor in evaluating the operation. The consultancy includes, together with internal teams and legal advisors, the evaluation of the strategy and schedule, and the analysis of the best corporate structure for implementing the potential transaction, if implemented. As a reminder, the merger proposal... Continue Reading →
(PN) Wood announced today that it has secured an extension of a US$80 million contract with Equinor Brasil. The agreement provides for the provision of maintenance and modification solutions for offshore assets in the Peregrino field, in the Campos Basin. The two-year extension builds on a long-term, global partnership with Equinor, where Wood supports the... Continue Reading →
(OM) Late last month Halliburton Landmark announced it is working with the Petrobras-led Libra Consortium on a digital twin for the presalt Mero Field in the Santos Basin offshore Brazil. The aim is to help reduce capex, speed up production times and improve crude oil recovery using the new insights obtained in a real-time environment. The digital twin, a... Continue Reading →
(OW) Danish wind turbine maker Vestas has completed the first local hub-nacelle assembly and testing of the V174 offshore wind turbine nacelle at its factory in Taichung Port, Taiwan. Following the complete local assembly of hub components in 2023, Vestas has, for the first time, accomplished the merging and testing of nacelles and hubs in... Continue Reading →
(OW) Floatgen, the demonstration floating wind turbine installed at the SEM-REV offshore test site in France, has completed its planned five-year run but will operate for another five years as the demo project was decided to get a lifetime extension. The floater, which consists of a 2 MW Vestas V80 wind turbine mounted on BW Ideol’s Damping... Continue Reading →
(OW) WindFloat Atlantic, the world’s first semi-submersible floating offshore wind farm, has completed its third year in operation, closing in 2023 with an electricity production of 80 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 by... Continue Reading →
(OE) Dutch manufacturer Huisman has signed a contract with Danish offshore wind installation services firm Cadeler for the design and production of monopile gripper for the offshore wind industry. This marks the seventh gripper ordered at Huisman, reinforcing the company's position in the market for installation tools for the offshore wind industry. The monopile gripper,... Continue Reading →
(OW) Netherlands-based FibreMax has launched a comprehensive range of global supply chain solutions tailored to the needs of floating offshore wind technologies. The array of solutions provided by FibreMax, in collaboration with partners Avient Dyneema and Teijin Aramid, is broad, covering ample production capacity, land-based production facilities, and floating production units, the company said. The... Continue Reading →
(Bloomberg) – Venezuelan oil production at a four-year high is expected to decline quickly if the US follows through on threats to reinstate sanctions on the nation. The Biden administration on Tuesday said sanctions relief to Venezuela’s oil and gas sector will be allowed to expire on April 18, unless the government holds free and... Continue Reading →
Brazil Energy Insight 