As we enter a New Year, the memories of the shocks to the foundations to the U.S. offshore wind segment remain fresh. In short, supply chain inflation and capacity/availability, interest rate increases, and tax credit monetization have been…
Jumbo Offshore has been awarded a contract by MODEC for the pre-installation of the mooring spread of the FPSO Errea Wittu, which will be located at Uaru field offshore Guyana.The FPSO Errea Wittu will have the capacity to store 2 million barrels of oil…
Swedish tidal energy company Minesto has completed the installation of subsea infrastructure and verified the launch and recovery procedures for the 1.2 MW tidal energy device that will soon be deployed offshore Faroe Islands.The device, dubbed Dragon 12…
Global Energy Group (GEG) has secured a contract from Subsea7 to fabricate subsea spools and anode sled structure for the East Kameleon project, an Aker BP North Sea field development. The work will be executed from the Port of Nigg, a multi-user energy facility in the Cromarty Firth…
Dutch companies Sif and Ballast Nedam have signed a memorandum of understanding (MoU) to develop a joint venture for the decommissioning of offshore wind farms under the name of BNS Decom.BNS Decom intends to revolutionize the decommissioning process for offshore wind farms…
Angola-based Azule Energy has awarded a three-year contract with extension options to Norwegian company FutureOn for its FieldTwin digital design and visualization platform.Azule Energy – a standalone integrated energy company combining the…
Danish offshore wind turbine maker Vestas has announced plans to establish a new offshore wind blade factory in Poland.The factory, to be located at Szczecin, is planned to produce blades for Vestas’ flagship offshore wind turbine, the V236-15…
The grid connection for Hollandse Kust (west) Alpha offshore substation is officially ready for commissioning after receiving grid readiness certificate three months ahead of schedule.This means that wind farm operator Ecowende can connect the wind turbines…
Equinor’s exploration well 30/4-4 in the North Sea has come up dry, Norway’s regulator of the petroleum resources Norwegian Offshore Directorate has informed.The well was drilled about seven kilometers north of the Martin Linge field in the North Sea and 180 kilometers west of Bergen…
Golar LNG’s floating liquefied natural gas (FLNG) unit Gimi has arrived at BP's Greater Tortue Ahmeyim (GTA) project, located offshore Mauritania and Senegal.The FLNG Gimi unit reached GTA field on January 10, 2024, after departing from Seatrium Shipyard in Singapore in November 2023…
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…
Engineering company Wood has been awarded a major contract to deliver topside modifications in support of BP’s latest subsea tieback in the UK North Sea.Wood’s operations business will deliver engineering, procurement, construction and commissioning…
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…
TotalEnergies has signed an agreement with Impact Oil and Gas Namibia to acquire an additional participating interest in two blocks being developed offshore Namibia, one of which contains the Venus discovery.TotalEnergies will acquire additional 10…
Portuguese oil and gas company Galp has reported the discovery of light oil in in an exploration well being drilled offshore Namibia with Hercules semi-submersible rig.The news follows Galp’s January 2 update informing about preliminary signs of hydrocarbon presence at the Mopane-1X well…
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