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Trinidad and Tobago's Cabinet will make a decision soon on bids submitted for four deepwater exploration blocks that are key to expanding its natural gas production, Energy Minister Stuart Young said. The Caribbean country earlier this year offered 17 blocks off the northern and eastern coasts in a competitive auction that attracted only four bids... Continue Reading →
(Reuters) - Oil major Shell (SHEL.L) and state-owned Chinese energy company CGN on Tuesday said that they would drop their plan for a floating wind power project on France's Brittany coast, citing inflation and supply chain problems among other reasons. "The project faced several technical, commercial and financial challenges, all in a context of constantly increasing costs... Continue Reading →
(Reuters) Siemens Energy on Wednesday reported a record order backlog of nearly 100 billion euros ($104 billion), boosting its shares and overshadowing a widening net loss blamed on its struggling wind turbine division, Siemens Gamesa. Siemens Energy - which provides services and equipment to the power sector, such as gas and wind turbines - said... Continue Reading →
Vattenfall has issued a call for tenders under which it will award a framework agreement for cable testing and fault-finding services for its offshore wind farms in Europe. The tender is divided into three lots. The company is looking to award a framework agreement with a maximum of five contractors per lot for the repair... Continue Reading →
(YP) After a series of dry wells were drilled in the Guyana-Suriname Basin from the 1960s through to the 1980s, offshore Guyana and Suriname were ignored by global energy companies. Interest was reignited by ExxonMobil’s discovery of the Liza oilfield in the 6.6-million-acre Stabroek Block offshore Guyana in 2015. That was followed by a swathe of... Continue Reading →
(Reuters) - Japan plans to resume public auctions for offshore wind power projects in December under revised rules aimed at encouraging a wider range of operators and accelerating the development of infrastructure, the industry ministry said on Tuesday. The schedule for the second major round of auctions to select operators for four new areas capable... Continue Reading →
The availability of emission-lowering upgrades for offshore rigs has been on the rise, but adoption of these new technologies is slow outside of Norway and the US Gulf of Mexico due to limited regulatory and financial incentives, energy intelligence group Westwood has found. According to Westwood the biggest users of rigs fitted with emission reduction... Continue Reading →
Norway's Kongsberg Maritime has secured a NOK 300 million ($30,2 million) contract with Pelagic Wind Services to supply advanced vessel design and equipment for two new CSOVs to be built at Cochin Shipyard in India. The CSOVs will be built to Kongsberg Maritime’s UT 5519 HL design, which, according to Kongsberg, has been upgraded to... Continue Reading →
Italian energy industry services firm Saipem said Wednesday it had secured new offshore drilling contracts, three in the Middle East and two in West Africa, worth around $800 million in total. In the Middle East, two new contracts have been awarded for two high-specification jack-up drilling units, the Perro Negro 12 and Perro Negro 13,... Continue Reading →
(OE) Dutch engineering firm Huisman has won a contract by TOA Corporation and Obayashi in Japan for the delivery of an offshore wind monopile gripper. "The gripper allows TOA and Obayashi to upend and install monopiles without using a separate upending bucket, improving safety and efficiency ofoperations on board," Huisman said. According to Huisman, its monopile gripper will be the first of its... Continue Reading →
Brazil Energy Insight 