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(OE) Over the last few years, many statements have been made concerning growth in offshore wind turbine and foundation installation demand. These statements have been followed, in some cases, by firm orders for high-specification vessels, mainly from established players. However, many of the announcements remain unconverted into shipyard orders. According to a new report released... Continue Reading →
(Reuters) - Oil major Shell (SHEL.L) and state-owned Chinese energy company CGN on Tuesday said that they would drop their plan for a floating wind power project on France's Brittany coast, citing inflation and supply chain problems among other reasons. "The project faced several technical, commercial and financial challenges, all in a context of constantly increasing costs... Continue Reading →
(Reuters) - Japan plans to resume public auctions for offshore wind power projects in December under revised rules aimed at encouraging a wider range of operators and accelerating the development of infrastructure, the industry ministry said on Tuesday. The schedule for the second major round of auctions to select operators for four new areas capable... Continue Reading →
(OE) Dutch engineering firm Huisman has won a contract by TOA Corporation and Obayashi in Japan for the delivery of an offshore wind monopile gripper. "The gripper allows TOA and Obayashi to upend and install monopiles without using a separate upending bucket, improving safety and efficiency ofoperations on board," Huisman said. According to Huisman, its monopile gripper will be the first of its... Continue Reading →
U.S. oil company ConocoPhillips and China's CNOOC have recently announced the start of the Penglai offshore wind farm pilot project, aimed at harnessing wind power to supply power to the Penglai oil field. This is China’s largest offshore oil and gas production base under production sharing contract, located in Bohai Bay, Northeast China. Bill Arnold,... Continue Reading →
Belgium-based offshore installation company DEME said Wednesday it had secured contracts representing 1 GW for the Hai Long wind farms in Taiwan. DEME said that the deal between its Taiwan JV CSBC-DEME Wind Engineering (CDWE) and Hai Long Offshore Wind followed nearly three years of planning and preparation under a preferred bidder agreement. The large... Continue Reading →
(Reuters) - The Green Investment Group (GIG), owned by Macquarie Asset Management, will launch a new platform to develop battery storage capacity across the world, it said on Monday. The platform, called Eku Energy, will have 190 megawatt hours of flexible storage capacity under construction on completion of the launch and a further pipeline of... Continue Reading →
(OE) Floating wind developer BlueFloat Energy has selected K2 Management as owner's engineer for the development of its first offshore floating wind project in Taiwan ahead of the upcoming round three market auction. With a planned capacity of 1 GW, the wind farm is named ‘Winds of September’ for the strong winds blowing in the... Continue Reading →
Japan’s electricity utility Tokyo Electric Power Company (TEPCO) is set to acquire the Scottish floating wind specialist Flotation Energy. This is TEPCO's first investment in overseas wind power. Floation Energy founders Allan MacAskill and Lord Nicol Stephen developed Kincardine, the world’s largest floating windfarm in operation. Flotation Energy currently has interests in Morecambe in the... Continue Reading →
(OM) Vast opportunities—and inevitably challenges too—face the offshore global EPC and rig markets, according to analysts presenting at the recent Westwood Global Energy Group Offshore Breakfast Briefing event in Houston. The following is a recap of their presented findings and forecasts for the offshore oil and gas sector. Global offshore EPC outlook Westwood reports that... Continue Reading →
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