Offshore Renewable Energy - News

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Offshore-Renewables delivers expert coverage of the industry sectors that matter most to you and your business. This includes news and updates on markets, projects, drilling rigs, offshore vessels, platforms, equipment, research, companies, contractors and the authorities dominating these markets. From breaking news, technological advances to exploration and production, Offshore-Renewable’s experienced and well-respected team of editors, columnists and correspondents will keep you well informed. Whether you are an employee, roustabout, engineer, captain, manager, authority or executive, the place to find the latest developments in the Offshore industry is on www.offshore-renewables.com

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U.S. Navy Charters Hornbeck Offshore's OSV

U.S. Navy Charters Hornbeck Offshore’s OSV

Image by Helder Blayer/MarineTraffic.com U.S. offshore vessel operator Hornbeck Offshore, normally providing services to the offshore oil and gas industry, has now won a contract with the U.S. Navy. The company last week won a $7,510,000 firm-fixed-price contract with reimbursable elements for the long-term charter of the U.S. flagged offshore support vessel HOS Red Rock, which will provide…

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Offshore Drillers Noble Corporation, Pacific

Offshore Drillers Noble Corporation, Pacific

Offshore drilling companies Noble Corporation and Pacific Drilling said Thursday they’d entered into a definitive merger agreement under which Noble will acquire Pacific Drilling in an all-stock transaction. “The definitive merger agreement was unanimously approved by each company’s Board of Directors. The transaction has also been approved by a majority of Pacific Drilling’s equity holders,…

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Petronas Becomes First Company to Produce LNG from-Offshore-Renewables.com

Credit: Petronas Malaysian oil and gas company Petronas has become the first energy company to produce LNG from two floating LNG facilities, after the LNG shipment was delivered by its floating LNG facility PFLNG DUA on Wednesday, March 24. The cargo was loaded onto the Seri Camar LNG Carrier operated by MISC Bhd for shipment to our LNG Buyer in Thailand. The PFLNG DUOA is located at Block H…

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Equinor Gets Nod to Use Transocean Semi at

Equinor Gets Nod to Use Transocean Semi at

Transocean Norge (File photo: Equinor) Norwegian energy company Equinor has been granted consent to use the Transcoean Norge semi-submersible drilling rig for drilling and well operations on the Gullfaks field, in the North Sea, off Norway. The Petroleum Safety Authority Norway, which said on Wednesday it had granted its approval to Equinor, said the company would use the rig in the production…

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Malaysia: ConocoPhillips Books Velesto Jack-Up

Malaysia: ConocoPhillips Books Velesto Jack-Up

Illustration only – Credit: wanfahmy/AdobeStock Malaysian offshore drilling company Velesto said Friday it had secured a drilling contract with ConocoPhillips in Malaysia. The contract is for Velesto’s jack-up drilling rig NAGA 7. The estimated value of the contract is around $8 million. Under the contract, ConocoPhillips will use the jack-up rig to drill up to three wells, with the start-up…

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Lundin Makes Minor Oil Find Off Norway. Eyes-Offshore-Renewables.com

Wet Bollsta drilling rig – Daniel Seljebø/Lundin Energy Norway Swedish oil company Lundin Energy has made a minor oil discovery in the North Sea, offshore Norway. The Norwegian Petroleum Director said Friday that Lundin’s Norwegian subsidiary Lundin Energy Norge had completed the drilling of the wildcat well 16/4-13 S. The well was drilled about 15 kilometers south of the Edvard Grieg field in…

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Centus Marine Orders Two Fast Crew Boats from

Centus Marine Orders Two Fast Crew Boats from

Credit: Strategic Marine Singapore’s Strategic Marine has secured an order to construct two fast crew boats for Centus Marine. “This is the fifth and sixth vessel built by Strategic Marine for Centus Marine and follows the delivery of a 40m FCB in February 2021,” Strategic Marine. Propelled by three Cummins KTA50 engines, the 42m FCB will cruise at 30 knots, and can reach a top speed of over 31…

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UTEC Nets Coral Sul Survey Work Offshore-Offshore-Renewables.com

UTEC, an offshore energy survey firm, has won a survey contract in Mozambique to support the development of Eni’s Coral Sul ultra-deepwater FLNG development. Under the contract, awarded by oilfield services giant TechnipFMC, UTEC will be responsible for pre-lay surveys; long baseline array installation and calibration; survey and positioning support; support for the installation of manifold…

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Borssele V Offshore Wind Farm Innovation Site-Offshore-Renewables.com

The Two Towers consortium, comprised of Van Oord, Investri Offshore, and Green Giraffe, on Thursday said that the innovative Borssele Wind Farm Site V offshore the Netherlands had been fully commissioned. Designated an innovation site, Borssele V features two Vestas 9.5 MW turbines, generating enough power to provide electricity to 25,000 Dutch households. The Borssele site V is located within…

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"2021 is certainly not a back to

“2021 is certainly not a back to

Italian energy services group Saipem said it was unable to provide guidance for the year due to the ongoing health pandemic after it missed earnings expectations, sending its shares down around 9%. “2021 is certainly not a back to normal year,” Chief Executive Stefano Cao said in a conference call on results. “We don’t expect any improvement in the outlook before the second half of the year,” he…

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Borr Drilling Expects Demand for Modern Jack-Up

Borr Drilling Expects Demand for Modern Jack-Up

Offshore drilling company Borr Drilling expects growth in demand for modern jack-up drilling rigs, supported by higher oil prices coupled with the need to drill more to counter declines caused by years of underinvestment in the oil and gas industry. “Oil price has recovered strongly, and the response from US shale has so far been muted. The fact that spot oil prices have moved from the $40/bbl to…

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Eni Officially Enters Giant Offshore Wind Project-Offshore-Renewables.com

Credit: Equinor Italian oil and gas company Eni has completed the acquisition of a 20% stake in total in the Dogger Bank A & B offshore wind projects in the UK, which are part of the world’s largest offshore wind project in development. As previously reported, Eni in December 2020 struck deals with Equinor and SSE to acquire from each a 10% percent stake in the 2.4 GW Dogger Bank A and B wind…

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C-Innovation Invests in Covid-19 Mitigation on its

C-Innovation Invests in Covid-19 Mitigation on its

Photo: Mako Industries Mako Industries signed an agreement with C-Innovation to mitigate the spread of Covid-19 on its offshore construction vessels, beginning with the 168-m Island Venture. Mako uses Puradigm to combat air and surface contaminants safely in populated environments 24/7, and it has capabilities for managing projects for existing facilities and new construction, with service…

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Bumi Armada 4Q Profit Boosted by Armada Kraken

Bumi Armada 4Q Profit Boosted by Armada Kraken

Malaysian FPSO company Bumi Armada posted a net profit of RM144.1 million (around $35,5 million) in the fourth quarter of 2020. Bumi Armada said the result was an improvement from the third quarter of 2020 when its net profit was RM85.6 million (USD 21,1 million). It is also an improvement on the 4Q 2019, when the company posted a loss of RM 235.2 million ($58 million). According to the Malaysian…

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Sustainable Marine Floats Out 'Next-Gen' Tidal-Offshore-Renewables.com

Sustainable Marine Floats Out ‘Next-Gen’ Tidal-Offshore-Renewables.com

Scottish tidal energy technology firm Sustainable Marine is forging ahead with plans to deliver the world’s first floating tidal energy array after unveiling its next-generation platform in Nova Scotia, Canada. Construction of what the company says is pioneering new 420kW PLAT-I 6.40 floating tidal energy platform was recently completed at A.F. Theriault & Son Ltd. in Meteghan, Nova Scotia, and…

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PGS Completes Seismic Survey over 17th Round

PGS Completes Seismic Survey over 17th Round

Ramform Titan – Credit: PGS Norwegian seismic surveyor PGS has informed it has completed the survey of additional open acreage to complete PGS coverage of the emerging plays of the outboard Campos Basin, offshore Brazil. Per PGS, the survey, carried out by the Ramform Titan seismic vessel, provides the first 3D seismic for Brazil’s 17th Round, scheduled for October 2021. The company said that…

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KenzFigee to Deliver New Deck Crane for Cadeler's-Offshore-Renewables.com

KenzFigee to Deliver New Deck Crane for Cadeler’s-Offshore-Renewables.com

Cadeler “O-class” Windfarm Installation Vessel (WIV) (Credit: KenzFigee) Danish offshore wind farm installation vessel owner Cadeler has hired Dutch firm KenzFigee to replace the current offshore deck crane on the jack-up vessel Wind Orca to make it ready for future offshore wind market needs. KenzFigee will deliver an electric hydraulic-driven Ram Luffing crane with a lifting capacity of…

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