For a range of reasons not all related to costs, offshore operators have stated their preference for floating production with a recent slew of orders, a report by dedicated floating production watchers said this week.The world’s floating production…
Offshore services company Subsea 7 said it has been awarded a contract from Woodside for the execution of phase 2 of the Julimar-Brunello Project, approximately 200 kilometers offshore North Western Australia.Subsea 7 said its full scope of work will be to design…
ALE performed an 18,000t topside load-out and floatover transportation from a yard in Zhuhai, China. The topside will form part of a new offshore platform in the South China Sea to support natural gas development in the region.The Dongfang gas…
Brazilian oil company Petroleo Brasileiro SA on Thursday trimmed its oil and gas production outlook for next year, weighing on its shares despite more ambitious long-term output forecasts in its new five-year strategic plan.Petrobras, as the state-run firm is known…
Libya's internationally recognized government and Turkey have signed an agreement on maritime boundaries in the Mediterranean Sea that could complicate Ankara's disputes over energy exploration with other countries.Turkey, which announced the…
Tekmar Energy, a provider of protection systems for subsea cable, umbilical and flexible pipes and offshore engineering services, has secured an award in Taiwan from a repeat client Seaway 7 for wpd’s 640MW Yunlin project.The developer and manufacturer…
The dredging, marine engineering and environmental player DEME Group, its 216.5-metre DP3 offshore installation vessel Orion was launched at the COSCO Qidong shipyard in China.The vessel arrived at the Liebherr construction yard in the port of Rostock…
Spanish engineering company Saitec it will deploy its first medium-scale offshore wind prototype, called BlueSATH, near Santander, Spain, in the first quarter of 2020.The project is scheduled to go online during the first quarter of 2020 in the open sea waters…
Houston-based Vaalco Energy said that it is in talks to serve as operator for three Equatorial Guinea (EG) oil blocks recently awarded to Levene Hydrocarbon.Vaalco Energy Mauritius (Vaalco EG), the subsidiary of the company, is in preliminary…
The construction support vessel (CSV) Southern Ocean, owned by a joint venture between Bourbon Offshore Norway and Oceanteam, has bagged two charters from an undisclosed client on offshore projects located off the East Coast of India.The scope…
UK-based subsea geotechnical specialist Bluefield Geoservices has said that it is expanded into the Americas to meet growing demand in the sector.The subsea geotechnical services provider will initially open two offices in the US, one in the…
Denmark-based energy giant successfully issued green hybrid capital securities for €600m ($660m) to refinance existing securities issued in 2015.The latest issue will have a maturity in 3019 and first call option after eight years, the Danish energy company said…
Spanish-based engineering company Siemens Gamesa Renewable Energy (SGRE) and Swedish multinational power company Vattenfall have signed an agreement to extend the Hollandse Kust Zuid turbine supply agreement to cover the entire Hollandse Kust Zuid (HKZ) wind farm zone…
Offshore wind industry is set to gain a foothold in new markets in the next five years, with the Asian markets playing a significant role.China has significant ambition for the build-out of offshore wind – and added more capacity in 2018 than any other country…
U.S. energy firms reduced the number of oil rigs operating for a record 12th month in a row after this week cutting rigs for a sixth consecutive week as producers slash spending on new drilling.Drillers cut three oil rigs in the week to Nov…
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