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(OM) More countries plan to stage their first offshore wind lease rounds in 2023, according to the latest Global Market Overview from TGS subsidiary 4C Offshore. At the same time, project development and FIDs will slow offshore wind expansion in the short term. The report cites slow permitting, delays in offtake auctions, supply chain issues... Continue Reading →
(OE) Offshore wind organizations Norwegian Offshore Wind in Norway and JWPA in Japan signed an MOU in Tokyo to get business going between the two countries' offshore wind companies. "Both the Norwegian supply chain and developers are interested in the emerging Japanese market. Especially within floating projects, the potential for contracts is large," Norwegian Offshore... Continue Reading →
(Reuters) Malaysia's state oil firm Petroliam Nasional Berhad on Monday posted a 55% jump in quarterly profit on higher energy prices and bigger sales volume, but warned of moderating prices for this year due to an expected slowdown in the global economy. Petronas, as the company is known, reported a profit of 24.4 billion ringgit... Continue Reading →
Norwegian offshore vessel owner Siem Offshore has secured a medium-term contract for the AHTS Siem Topaz for client Helix Robotics Solutions Inc. in Taiwan. The contract will start during March 2023. The contract has a firm period reaching into the fourth quarter of 2023. Siem Offshore said the vessel would be employed for a project... Continue Reading →
Malaysian FPSO provider Yinson has partnered up with industrial software firm AVEVA to enable Yinson to develop "fully autonomous and sustainable" Floating Production Storage and Offloading (FPSO) solutions. "AVEVA’s software, in combination with [Yinson's] FPSO expertise and extensive data sets, will enable [Yinson] to operate its FPSO with minimal human involvement, and with a vision for... Continue Reading →
Italian shipbuilder Fincantieri, through its subsidiary Vard, has signed a contract with offshore wind vessel operator Edda Wind, for the construction of four Commissioning Service Operation Vessels (CSOV). The first two vessels are expected to be delivered in Q1 2025, the third in Q2 2025, and the fourth in Q1 2026. The contract has a... Continue Reading →
(Reuters) Inpex, Japan's largest oil and gas exploration and production company, said on Thursday it had bought a 16.7% stake in the Moray East offshore wind farm in Scotland from Mitsubishi to expand further into renewable energy. The Moray East offshore wind farm, launched last April, has capacity of 950 megawatts from 100 turbines, with... Continue Reading →
(Reuters) - European manufacturers are considering investing hundreds of millions of dollars in Vietnam to build wind turbines plants, sources familiar with the situation said, as the country gears up to exploit its large untapped potential in offshore wind. The Southeast Asian country is seen as a potential major player in the sector because of... Continue Reading →
Chinese subsea cable manufacturer ZTT Submarine Cable & System has secured a cable design and supply contract with Hokchi Energy, the Mexican subsidiary of Pan American Energy, for a field located in the Gulf of Mexico. The contract covers the design, supply, delivery, and testing of 33.3 kilometers of submarine power cable and spares for the Hokchi... Continue Reading →
In 2022, 9.4 GW of offshore wind capacity was installed worldwide and China alone installed 6.8 GW of this. The country’s top position in adding new offshore wind capacity will likely be preserved in 2023, as well, as China is also leading in projects currently under construction, according to a new report from World Forum Offshore Wind... Continue Reading →
Brazil Energy Insight 