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(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 →
(OE) Singapore's Sembcorp Marine (Sembmarine) scrapped a deal to merge with Keppel Corp's offshore and marine unit and form new company, in favour of directly buying the unit for S$4.50 billion ($3.19 billion), the Temasek-backed oil rig builder said on Thursday. The new structure also lowers the value of Keppel's unit by S$378 million from... Continue Reading →
(Reuters) - CNOOC Ltd's (0883.HK), third-quarter net profit soared by 89% from a year earlier to 36.9 billion yuan ($5.11 billion), driven by stronger oil and as prices, the Chinese offshore oil and gas major said on Thursday. Third-quarter revenue rose 54% on the year to 89.2 billion yuan and total net production rose 8.8% to... Continue Reading →
(Reuters) - Asia's largest oil and gas producer PetroChina Co Ltd reported a 60% year-on-year rise in nine-month net profit to record highs, lifted by stronger global energy prices, even as weaker domestic fuel consumption continued to drag on earnings. Net profit for the January to September period reached 120.3 billion yuan ($16.66 billion), the... Continue Reading →
lenergy Co Ltd, a Korean renewable energy development firm, has hired DNV as the owner's engineer for its 1.5 GW fixed-bottom Chujin offshore wind project. The Chujin offshore wind farm will be the largest commercial-scale offshore wind farm in South Korea, when completed in 2027. As the owner’s engineer, DNV will drive the pre-Front End... Continue Reading →
With the addition of 115 new global offshore wind projects during 3Q, Quest Floating Wind Energy (Q FWE) are actively tracking 696 projects (with statuses Possible, Planned, Pre-development and Under development) representing $1.75 trillion in CapEx, a one-half billion quarter over quarter gain. The Quest Offshore Wind Turbine Index (QOWTI), which tracks the Total Addressable... Continue Reading →
(OE) InterMoor said Thursday it had secured the engineering design scope and the transportation and installation study for two upcoming offshore floating wind farms offshore Asia. The company, a brand in Acteon’s Engineering, Moorings and Foundations Division, said that one wind farm comprised 50-80 turbines, each of 15MW capacity, totalling a capacity of 750- 1200MW,... Continue Reading →
(OW) Offshore construction has started on the 16.8 MW Goto floating wind farm offshore Goto City, Nagasaki Prefecture, Japan, the Goto Floating Wind Farm LLC consortium said. The first of the eight SPAR-type floating foundations has been loaded onto the semi-submersible spud barge, Float Raiser, at Fukue Port and transported to the wind farm site offshore... Continue Reading →
Brazil Energy Insight 