According to Rystad Energy research, the market for floating production, storage, and offloading (FPSO) units almost brushed off the pandemic's effect in 2021, driven mostly by Brazil demand, and is predicted to continue apace in 2022, with 10 new awards expected…
Equinor and partner Wellesley report discovering oil in the Troll and Fram area in exploration wells 35/10-7 S and 35/10-7 A in the Toppand prospect. Preliminary calculations of the expected size indicate between 3.3 and 5.2 million standard cubic meters of recoverable oil equivalent…
Italian oil company Eni has extended its contract for BW Offshore's Abo floating production storage and offloading (FPSO) vessel for another year.The FPSO's owner BW Offshore said Thursday it has signed the extension with Eni's subsidiary Nigerian Agip Exploration…
Offshore installation firm Jan De Nul said Thursday that Les Alizés, its next-gen floating offshore installation vessel had been launched at the CMHI Haimen shipyard in China.The vessel is now ready for the final construction phase, including sea trials…
Singapore's Sembcorp Marine said Thursday it had completed the construction of the Vito floating production facility, bound for deployment in the U.S. Gulf of Mexico for Shell.The integration of Vito’s topside structure with its hull was executed by a pair of goliath cranes with 30…
Denmark-based BMS Heavy Cranes has ordered a 3,000mt Ringer Crane, with an option for a second unit from the Dutch crane maker Huisman.According to Huisman, the crane setup has been optimized for operations in the wind industry. With the capability to lift components of 1…
Oil and gas major ExxonMobil on Wednesday announced two new oil discoveries offshore Guyana, at Fangtooth and Lau Lau wells, adding to previous recoverable resource estimate of 10 billion oil-equivalent barrels.The Fangtooth-1 well, drilled with the Stena DrillMAX drillship…
The Nord Stream 2 pipeline, which is to transport Russian gas to Germany, could get approved in the middle of the year, the CEO of one of the project's financial backers told a newspaper.The pipeline, led by Russia's Gazprom, has been completed…
Offshore wind installation firm Fred. Olsen Windcarrier (FOWIC) said Tuesday it had recently executed three new contracts and reservation agreements with combined revenue of up to 80 million euros (~$90,5 million).The contracts, with undisclosed clients…
Offshore vessel owner Tidewater on Tuesday announced the appointment of Melissa Cougle to its Board of Directors, effective immediately. Cougle most recently served as Senior Vice President and Chief Financial Officer of Frank’s International until November 2021…
Fred. Olsen Windcarrier (FOWIC) said it is upgrading another one of its vessels with a new larger crane to install foundations and all known next generation offshore wind turbines.The company announced on Tuesday it has executed a firm contract with Huisman for a second 1…
Robert Galinski, Offshore Wind Director, Americas, DNV breaks down the potential for the U.S. Offshore Wind in the run up to 2030.Watch this short video interview with Robert Galinksi’s discussing the overall market potential:When the Biden…
Norwegian shipbuilder Oma Baatbyggeri handed over its third vessel to the Danish shipping company Offshore Windservice AS at the beginning of November.Designed and developed in collaboration with Odfjell Wind AS in Bergen, the aluminum newbuild FOB Swath 10 is a 32-meter-long and 11…
Oslo-listed offshore energy investment firm Standard Drilling announced it has sold the platform supply vessel Standard Princess for $10.3 million.The Cyprus-headquartered company said Wednesday it completed the transaction after announcing a memorandum of agreement to sell the vessel in November…
Italy's Prysmian plans to invest around 200 million euros ($226 million) to build a plant in the U.S. to produce submarine power transmission cables, CEO Valerio Battista said to the media in remarks confirmed by a company spokesman.The plant…
Subscribe
