(OE) Vestas has signed a memorandum of understanding (MoU) with A.P. Moller-Maersk, Jeonnam Province, and Mokpo City to build an offshore wind hub in Mokpo City in the Jeonnam Province, South Korea. Under the MoU, the parties will work together with the aim to establish a nacelle manufacturing plant and logistical base for offshore wind... Continue Reading →
(Bloomberg) -- On the outskirts of Rotterdam, a bright orange ship is hoisted above the muddy Rhine with the help of six chunky triangular legs. The vessel has just been retrofit with a huge crane capable of lifting up to 1,600 tons 160 meters above deck. Once the finishing touches have been made, the Wind... Continue Reading →
(Reuters) - Malaysia's state energy firm Petroliam Nasional (Petronas) (IPO-PETO.KL), opens new tab said on Friday it expects oil and gas markets to face continued uncertainties this year, as it reported a drop in fourth quarter profit due to lower energy prices. The conflicts in Ukraine and Gaza have led to heightened supply risks, while slowing global... Continue Reading →
(Reuters) Japan's government on Tuesday approved a draft amendment to existing legislation to allow for the installation of offshore wind power in exclusive economic zones (EEZ), a milestone towards the country's goal of carbon neutrality by 2050. Japan aims to have 10 gigawatts (GW) of offshore wind power projects by 2030 and up to 45... Continue Reading →
(Offshore-energy.biz) Siem Offshore has reported operating revenues of $336 million for the fiscal year 2023, an increase from $274.3 million in 2022, and $85.2 million for Q4 2023, compared to $64.3 million in Q4 2022, said to be caused by an uplift in charter rates, generated by increased demand for offshore support vessels (OSVs) and... Continue Reading →
(OM) Global energy demand continues to ramp up as the world economy emerges from the constraints of the COVID-19 pandemic. According to the US EIA, liquids consumption has grown by 10% over the past three years, averaging 101 MMb/d in 2023. The rebound in oil demand to above pre-pandemic levels continues to spur investments in... Continue Reading →
(OE) Copenhagen Infrastructure Partner (CIP) has awarded a front-end engineering and design (FEED) contract to Aker Solutions and Principle Power for floating offshore wind projects in South Korea. Haewoori floating offshore wind 2 and 3 projects, each rated at 500 MW, are located off the coast of Ulsan. As part of the scope, Aker Solutions... Continue Reading →
(OW) Danish wind turbine maker Vestas has completed the first local hub-nacelle assembly and testing of the V174 offshore wind turbine nacelle at its factory in Taichung Port, Taiwan. Following the complete local assembly of hub components in 2023, Vestas has, for the first time, accomplished the merging and testing of nacelles and hubs in... Continue Reading →
(OE) Offshore drilling contractor Seadrill has secured multiple contract awards totaling approximately $97.5 million for its West Vela and West Cappella drillships, announcing also it would resume management services for its West Auriga drillship earlier than expected. Talos Production has awarded the West Vela a contract with an estimated duration of 150 days in the... Continue Reading →
(PN) Petrobras is in direct negotiations with Seatrium (a company formed by the merger between Sembcorp Marine and Keppel Offshore) for the construction of platform ships (FPSOs) P-84 and P-85. The vessels will be installed by Petrobras in the Atapu and Sépia fields, respectively, both located in the pre-salt of the Santos Basin. In Brazil,... Continue Reading →
