![SBM Offshore, Technip Enter Floating Offshore Wind JV](/sites/default/files/styles/hart_news_article_image_640/public/image/2024/03/sbm-offshore-technip-enter-floating-offshore-wind-jv.jpg?itok=QjePCaPL)
(Source: Shutterstock)
SBM Offshore and Technip Energies have signed a memorandum of understanding for the creation of integrated floating solutions for the floating offshore wind market, the companies announced March 14.
EkWiL, the 50/50 joint venture entity between the companies, will deploy Technip’s Semi-submersible INO15 by T.E.N. and SBM’s Tension Leg Platform Float4Wind. Both technologies "cover a large spectrum of the Floating Offshore Wind market," Technip said in a March 14 press release.
"By leveraging the synergies of complementary technologies and supply chain experience, EkWiL will increase predictability to meet market demand and deliver on our ambition to provide new energy solutions,” said Arnaud Pieton, CEO of Technip Energies.
Recommended Reading
Triangle Energy, JV Set to Drill in North Perth Basin
2024-04-18 - The Booth-1 prospect is planned to be the first well in the joint venture’s —Triangle Energy, Strike Energy and New Zealand Oil and Gas — upcoming drilling campaign.
Crescent Point Divests Non-core Saskatchewan Assets to Saturn Oil & Gas
2024-05-07 - Crescent Point Energy is divesting non-core assets to boost its portfolio for long-term sustainability and repay debt.
Permian Resources Adds More Delaware Basin Acreage
2024-05-07 - Permian Resources also reported its integration of Earthstone Energy’s assets is ahead of schedule and raised expected annual synergies from the deal.
Evolution Petroleum Sees Production Uplift from SCOOP/STACK Deals
2024-05-07 - Evolution Petroleum said the company added 300 gross undeveloped locations and more than a dozen DUCs.
Riley Exploration Permian Closes Delaware Basin Bolt-on
2024-05-08 - Riley Exploration Permian said it added 13,900 acres and up to 25 net locations in Eddy County, New Mexico.