In our first article we highlighted some of the key contractual considerations facing shipowners looking to construct and charter offshore wind vessels. In this article we explore some of the considerations concerning the financing and bankability of offshore wind vessels…
Italy's Saipem on Wednesday confirmed its 2022 guidance and the targets in its business plan after the energy services group reported a first-half adjusted core profit of 321 million euros ($325 million).Investors this month agreed to fund only 1…
The first monopile and transition piece have been installed at the Dogger Bank Wind Farm in the U.K. North Sea, marking a key milestone for the construction of the world's largest offshore wind farm.The foundations, designed by Wood Thilsted…
Seaway 7 announced that it won a 'sizeable' [between $50-150m] contract for the transport and installation of inner-array grid cables on an offshore wind farm project in the U.S.The scope includes the transport and installation of around 160…
Norwegian shipowner Siem Offshore said it has secured contract extensions for two of its platform supply vessels (PSV) working for TotalEnergies offshore Brazil.Total E&P do Brazil has declared the first of two options for the PSVs Siem Atlas and Siem Giant…
Akastor ASA's 50% owned affiliate AKOFS Offshore AS signed a firm contract for its vessel Aker Wayfarer that will continue to perform services as a subsea equipment support vessel (SESV) for Petróleo Brasileiro S.A. as client in Brazil.The duration of the contract is 1…
Florida-based St Johns Shipbuilding has started construction of a Jones Act-compliant crew transfer vessel which will serve the Vineyard Wind 1 offshore wind farm in the U.S. Atlantic.The shipyard informed of the keel laying ceremony for the…
U.S. liquefied natural gas (LNG) developer Delfin LNG has asked federal regulators to extend the amount of time it has to put the onshore part of its proposed Gulf of Mexico floating LNG export project off Louisiana into service until September 2023…
Dutch FPSO leasing specialist SBM Offshore said Thursday it had completed the US$1.75 billion project financing for the FPSO One Guyana. The company has previously said that this would be the company's largest FPSO so far. It will be deployed at ExxonMobil's Yellowtail development…
Prysmian Group, the energy and telecom cable systems provider, on Wednesday welcomed U.S. President Joe Biden on a visit to the site of its new subsea power cables plant in Brayton Point, Massachusetts. Prysmian said it was set to transform the area…
An oil platform worker was medevaced Wednesday morning approximately 20 miles southeast of Southwest Pass, La.The U.S. Coast Guard said its watchstanders at Sector New Orleans received notification at 11:38 p.m. Tuesday from the oil platform…
Spanish offshore engineering firm Saitec Offshore Technologies and renewables giant RWE on Wednesday marked the completion and the launching operation of their DemoSATH floating wind unit. SATH Technology is based on a concrete platform concept with a plug-and-play Single Point Mooring…
Japanese FPSO leasing company MODEC said Wednesday that the FPSO Almirante Barroso MV32 had started its navigation towards Brazil last Sunday. The FPSO is bound for deployment at Petrobras' Búzios deepwater oil field.The FPSO left the Cosco shipyard in China on Sunday…
Engine manufacturer Scania announced it has been selected by Patriot Offshore Maritime Services to power its new 27-meter aluminum crew transfer vessel (CTV), chartered by Vineyard Wind for support of the construction and management of its commercial offshore wind project…
Offshore installation and decommissioning contractor Allseas said Tuesday it had successfully removed and transported to shore Repsol Norge’s 30,000-tonne Gyda platform 'in a matter of days.'According to the company, Allseas' Pioneering Spirit…
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