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(OW) The Dutch offshore wind foundation manufacturer, Sif, and its compatriot Ballast Nedam have signed a memorandum of understanding (MoU) as part of the process of developing a joint venture that specialises in the decommissioning of obsolete and aged offshore wind farms. Named BNS Decom, the joint venture intends to serve as the ultimate, turnkey solution provider for asset... Continue Reading →
(Reuters) - Canadian pipeline company Enbridge (ENB.TO) is keen on further offshore wind investments in France, but will avoid the United States, where cost and supply chain problems have contributed to offshore projects collapsing, a senior executive said. Rising costs have led to canceled projects in the U.S. and Britain while putting others at risk. The setbacks... Continue Reading →
January 10, 2024 – Petróleo Brasileiro S.A. – Petrobras, in continuity with the announcement made on December 26, 2023, informs that it received, on today's date, from Carmo Energy, the last installment in the amount of US$ 298 million, already considering the adjustments and late payment charges due, related to the sale of the Carmópolis... Continue Reading →
(U) Australian engineering and services giant Worley has denied any corruption and refuted media reports that followed its recent international arbitration loss relating to historic operations in Ecuador — these reports alleged Worley had a tax liability in the South American nation. Detailing its side of the story, Worley on Wednesday confirmed that WorleyParsons (now... Continue Reading →
(OW) RWE has released the official name of its floating wind project in California and revealed that the company will open an office in the city of Eureka in early 2024. The project, named Canopy Offshore Wind Farm (Canopy), is being developed at a site located 45 kilometres (28 miles) off the coast of Humboldt... Continue Reading →
(OE) Nauticus Robotics, a U.S. developer of autonomous vehicles and robots for data collection and intervention services for offshore industries, has secured fresh funding for its operations and appointed new executive management team. The new investment was secured before the close of 2023 and eliminated many of the dilutive warrants and ratchet provisions of the... Continue Reading →
(OE) Mitsui O.S.K. Lines (MOL) and Hokutaku, Japan's largest wind turbine maintenance company, have made an agreement to form a capital alliance as MOL pursues growth in its non-shipping businesses like offshore wind. The capital alliance entails MOL's acquisition of a majority of the outstanding shares of Hokutaku, the largest third-party wind maintenance company in... Continue Reading →
(OE) CRP Subsea, an AIS company, has secured a ‘substantial contract’ for the supply of distributed buoyancy modules (DBMs) to a deepwater oil field project in the Santos Basin, offshore Brazil. CRP Subsea secured was hired by a leading energy technology company, whose name was not disclosed. The company DBMs will be utilised on a... Continue Reading →
(OET) Offshore drilling contractor Diamond Offshore Drilling has confirmed the start of a new assignment for one of its semi-submersible rigs, which is working for Petrobras offshore Brazil. The Ocean Courage semi-sub rig concluded its campaign with Petrobras in Brazil in late September 2023 and mobilized to Guanabara Bay to prepare for its next contract with the Brazilian energy giant,... Continue Reading →
(OE) Offshore drilling company Valaris has secured approximately $1.14 billion in new contracts and contract extensions for its drillships and jack-up rigs across the Americas, Europe and Australia. The $1.14 billion worth contracts were awarded in the last two months of 2023, with the backlog excluding lump sum payments such as mobilization fees and capital reimbursements. These... Continue Reading →
Brazil Energy Insight 