Industry News

 

Vestas to Supply 15MW Turbines for 1.6 GW Offshore Wind Farm Cluster in Germany

Feb 28, 2023

RWE and Northland Power have selected wind turbine maker Vestas as the preferred supplier for their up to 1.6-gigawatt (GW) cluster consisting of four offshore wind farm sites in the German North Sea.A minimum of 104 15 MW Vestas offshore wind turbines (Type: V236-15…

Baker Hughes Lands Major Subsea Equipment and Services Deal with Azule Energy

Feb 28, 2023

Oilfield services giant Baker Hughes said Tuesday it had scored a 'major' contract to provide subsea equipment and services for the Angolan company Azule Energy's Agogo offshore oilfield. Azule Energy, the Angolan joint venture of oil companies BP and Eni…

Severe Weather Delays Jadestone Energy's Montara Field Restart Plans

Feb 28, 2023

Asia Pacific-focused oil and gas company Jadestone said Monday it wouldn't meet its previously planned end-of-month production restart from the Montara field, off western Australia, as bad weather was hampering topside maintenance work on the Montara Venture FPSO…

Singapore's Keppel Completes $3.34B Sale of Offshore Unit to Sembmarine

Feb 28, 2023

Singapore's Keppel Corp said on Tuesday that Sembcorp Marine (Sembmarine) has completed a S$4.50 billion ($3.34 billion) buyout of its offshore & marine unit after receiving the necessary shareholder approvals. ($1 = 1.3484 Singapore dollars) (Reuters - Reporting by Jaskiran Singh in Bengaluru…

Petrofac Extends North Sea Partnership with ICR Integrity

Feb 28, 2023

ICR Integrity (ICR), global provider of specialist repair, inspection, and integrity solutions, said Tuesday it had been re-awarded the Master Service Agreement (MSA) with Petrofac, valued at over £1 million per year, after a successful tender…

Maersk Connector Cable Layer to Stay with Seaway 7 Until 2025-end

Feb 28, 2023

Maersk Supply Service's cable-laying vessel Maersk Connector has secured a contract to continue operations on behalf of Seaway 7 until December 31, 2025.The extension follows a successful first year of working on Seaway 7’s projects in both Taiwan and the United Kingdom…

Saipem Raises Expectations after Exceeding 2022 Targets

Feb 28, 2023

Italian energy services group Saipem on Monday raised its earnings expectations for 2023 and the next few years after beating 2022 targets as its restructuring plan started to bear fruit. The company reported adjusted core earnings of 595 million euros ($631 million) on sales of 9…

Deep Value Driller Contracts Scana's PSW Technology Following Saipem Deal

Feb 28, 2023

Scana's PSW Technology has won a contract with offshore drilling firm Deep Value Driller for deep-water BOP stack services. The deal comes just days after Deep Value Driller secured a contract with Saipem for its Deep Value Driller deepwater drillship…

BP Ends Publication of Statistical Review of World Energy after 70+ Years

Feb 28, 2023

BP has decided to end the publication of the Statistical Review of World Energy after more than 70 years and will pass the benchmark report into the hands of the Energy Institute, an industry body, they said on Tuesday.The Statistical Review…

Odfjell Oceanwind Launches Floating Wind Foundation Design for 15MW Turbines

Feb 28, 2023

Norwegian floating offshore wind engineering firm Odfjell Oceanwind has launched a floating wind foundation design, the Deepsea Star, that will be able to take 15 MW and larger wind turbine generators (WTGs).  The company has previously received…

Yinson Bags $5.3B Deal for its First FPSO Project in Angola

Feb 28, 2023

Malaysian company Yinson has secured a firm contract to provide and maintain an FPSO for Azule Energy, a BP-Eni joint venture, in Angola.The contract, awarded by Eni Angola, is for the provision of the FPSO for the  Agogo Integrated West Hub Development Project in Angola (“FPSO Agogo”)…

Damen, Ampelmann JV Nets 2-Year Fast Crew Supplier Deal with Petrobras

Feb 27, 2023

OceanXpress, a crew change joint venture between Damen Shipyards Group and Ampelmann, recently secured a two-year offshore support contract in cooperation with Compagnie Maritime Monégasque (CMM) with Petrobras off the coast of Brazil.The Damen Fast Crew Supplier (FCS) 7011 Aqua Helix…

Russia's Lukoil Looks to Sell Stake in Ghana's Pecan Offshore Field

Feb 27, 2023

Russia's Lukoil is in talks with Indian companies to sell its stake in the Pecan oilfield off Ghana, which could help to break an impasse in submitting development plans for the field, sources familiar with the matter said. Talks between Lukoil officials and Indian companies…

Octopus Energy Eyes Rapid Increase in Offshore Wind Spending

Feb 27, 2023

Renewables investor Octopus Energy Generation plans a rapid increase in investment in offshore wind power after spending $1 billion in less than a year.The firm, part of Octopus Energy Group, said it has raised its stake in the 270 megawatt…

HAV Design Becomes First European Firm to Design SOV for U.S. market

Feb 27, 2023

The Norwegian company HAV Group said Monday that its ship-design subsidiary, HAV Design, had signed a contract with Fincantieri Bay Shipbuilding to construct a newbuild service operation vessel (SOV) destined for the Coastal Virginia offshore wind project in the U…

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