Orsted says offshore business faced headwinds in Q4 due to delays, hedges

(Reuters) - Denmark's Orsted (ORSTED.CO), the world's No. 1 offshore wind farm developer, on Wednesday reported fourth-quarter operating profit in line with preliminary 2022 numbers but said its offshore business faced challenges. "In a year with unusual market conditions, not least the very volatile energy prices and a substantial increase in inflation, we're happy to achieve a record-high... Continue Reading →

Transocean’s Backlog Boosted by $392M Ultra-deepwater Drillship Brazil Deal

Offshore drilling contractor Transocean said Tuesday it had secured a long-term deal for one of its ultra-deepwater drillships. The contract, awarded by "a national oil company" for work offshore Brazil, is for the ultra-deepwater drillship, Dhirubhai Deepwater KG2. According to Transocean, the drillship has secured a 910-day offshore drilling contract with an estimated backlog of... Continue Reading →

Portugal’s First Offshore Wind Auction Set for 3Q as German, Nordic Firms Show Interest

(Reuters) Portugal's first offshore wind power auction is drawing interest from large utility companies, especially those in northern Europe, the economy minister said on Friday, adding that the government would speed up the process, aiming for a third quarter launch.  The government last week launched a public hearing regarding proposals for the delimitation of areas... Continue Reading →

Aqua Helix Gets Two-year Contract Offshore Brazil

Damen Shipyards Group and Compagnie Maritime Monégasque (CMM) announced a two-year offshore support contract for Damen Fast Crew Supplier (FCS) 7011 Aqua Helix. The vessel will transport personnel to and from offshore platforms in support of an oil and gas decommissioning project. The 2022-built Aqua Helix arrived in Brazil on January 26 and is anticipated... Continue Reading →

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