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SBM Offshore is pleased to announce it has signed the project financing of FPSO Alexandre de Gusmão for a total of US$1.615 billion. The project financing is provided by a consortium of 12 international banks with insurance cover from 3 international Export Credit Agencies (ECA). The financing is composed of four separate facilities with a... Continue Reading →
(Reuters) - BP (BP.L) and Orsted (ORSTED.CO) have resolved a dispute over an overlapping zone in the UK North Sea between the BP-led Endurance carbon capture project and the Danish firm's planned Hornsea 4 windfarm, the companies said in a letter published by UK authorities. Britain granted preliminary licences for both proposed projects more than a decade ago, when an overlap... Continue Reading →
(OW) Equinor has entered into a long-term partnership agreement with Wergeland Group as the preferred supplier for the fabrication of foundations and the assembly of turbines for floating offshore wind. At the same time, Equinor and partner Vårgrønn confirm which floater concept will be developed for the Utsira North (Utsira Nord) project. The facilities at... Continue Reading →
Philip Lewis, Contributor (OE) The energy transition is moving ahead amid recovery in offshore oil & gas and growth in offshore wind, leaving vessel owners that serve these markets with big questions about energy carrier and energy converter selection for their newbuilds.What is driving the change? The foundations of energy transition in the offshore and marine... Continue Reading →
The 759 MW Hollandse Kust Noord offshore wind farm has produced its first green power and delivered it via TenneT’s offshore grid to the Dutch mainland. “We often talk about milestones along a project’s journey, and CrossWind has had a number to date, but to have the wind turbines generating green electricity safely and successfully... Continue Reading →
The Brazil-bound FPSO Sepetiba sailed away from the BOMESC shipyard in China on June 16, 2023, following completion of the topsides integration and onshore commissioning phases. The unit—SBM Offshore’s third Fast4Ward FPSO—is transiting to the Mero field in the Santos Basin offshore Brazil, located 180 kilometers offshore Rio de Janeiro. SBM Offshore has a contract... Continue Reading →
The European Union (EU) and the Government of Chile have launched two new cooperation actions on renewable hydrogen to contribute to the implementation of the “Team Europe Initiative for the Development of Renewable Hydrogen in Chile”. The initiative is a joint effort of the EU and its Member States to promote cooperation with Chile in... Continue Reading →
Subsea 7’s offer to acquire the entire issued share capital of Norway’s DOF Group is expiring at the end of today, 19 June, after the rejection from DOF’s board. Subsea 7 made a proposal on 15 June to the Board of Directors of DOF to acquire the entire issued share capital of the group, offering... Continue Reading →
Two survey activities are planned to start this month at the Empire Wind offshore wind farm site located about 20 miles south of Long Island. The first is a short-term underwater sediment survey campaign, planned to begin in late June. The sediment survey experts will sample the seabed along the proposed Empire Wind 1 and... Continue Reading →
By Josh Saul (Bloomberg) Offshore wind has been a long time coming in the US, but after a decade of false starts the country’s first-ever turbine installation for a big project is finally happening. A heavy-lift vessel began sinking foundations last week about 15 miles off Martha’s Vineyard, Massachusetts. It’s working for Vineyard Wind, a joint venture between... Continue Reading →
Brazil Energy Insight 