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(OET) Italian oilfield services provider Saipem has decided to buy the Santorini ultra-deepwater drillship from South Korea’s Samsung Heavy Industries to strengthen its offshore drilling fleet amid the growing demand in the market. The Santorini drillship was initially ordered from Samsung Heavy by Ocean Rig and it was slated for delivery in the second quarter of 2017. Come... Continue Reading →
(Reuters) - Global renewable power capacity growth is set to double over the next five years, driven by energy security concerns in the wake of Russia's invasion of Ukraine, the International Energy Agency (IEA) said on Tuesday. In an annual report on the outlook for renewables, the IEA said capacity worldwide is expected to grow... Continue Reading →
(Reuters) - The United States on Tuesday is set to kick off the first sale of offshore wind development rights for waters off the coast of California, expanding the nascent domestic industry to the Pacific Ocean. The auction is a major milestone in the Biden administration's push to put wind turbines along every U.S. coastline... Continue Reading →
(Reuters) - The transition team for Brazil's President-elect Luiz Inacio Lula da Silva sees no need for any emergency move at state-run oil company Petrobras (PETR4.SA), sources said on Monday, after a meeting between Lula's team and the firm's top management. The state-run oil company briefed Lula's transition team on fuel pricing policy, according to the... Continue Reading →
South Korea’s ocean exploration company, Geoview, has completed the marine geophysical survey for Equinor’s Firefly floating offshore wind farm in Ulsan. In the first half of 2022, Geoview won an ocean exploration project from Equinor for the first time as a Korean company. Geoview specializes in marine surveys such as seabed topography mapping, geophysical surveys,... Continue Reading →
(MTR) This week, dozens of companies are expected to compete for the right to lease the first commercial wind power sites off the coast of California in a federal online auction that could kick-start the state’s next clean energy boom. Collectively, the winners will pay at least tens of millions of dollars for exclusive rights to submit... Continue Reading →
KBR has won a contract to provide engineering services for an offshore energy storage project for CrossWind, a joint venture (JV) between Shell and Dutch utility company, Eneco. KBR will perform a front-end engineering design of the baseload power hub (BLPH) for the Hollandse Kust (north) wind farm located offshore the Netherlands. "KBR and Shell... Continue Reading →
(RN) Floating wind turbines are crucial to the future of offshore wind, and to bring energy costs down to a competitive level, they require radically different thinking. French company Eolink is starting to build a full-scale demonstrator of its innovative pyramid-shaped floating wind turbine, which reduces materials and weight by more than 30%, and promises... Continue Reading →
(OE) Hans Jacob Bassoe, Contributor The recovering deepwater drilling market has encouraged drilling contractors to expand their fleet, and companies are now starting to purchase stranded assets in shipyards. A joint venture that includes Transocean recently announced the purchase of the stranded 7th Generation drillship West Aquila, while Stena Drilling still has its option to acquire... Continue Reading →
SSE Renewables has informed that 75% of the jacket foundation substructures have been installed at the Seagreen offshore wind farm site. SSE Renewables is developing the wind farm in partnership with the French firm TotalEnergies. "We’re celebrating a new milestone at Seagreen, our joint venture wind farm project with TotalEnergies. 75% of the jacket foundation... Continue Reading →
Brazil Energy Insight 