Philip Lewis, Contributor (OE) Tens of gigawatts of floating wind projects are slated for development in this and the next decade, but many obstacles remain. There has been much focus on the emerging floating wind market of late. The U.K. is forging ahead with commercial scale floating wind developments through the Scotwind and INTOG awards of... Continue Reading →
(OE) On Friday, Australian oil and gas giant Woodside said that its Sangomar development project offshore Senegal was 82% complete and on target for first oil later this year. Once online, this will be Senegal's first offshore oil project in production. Woodside, the operator of Sangomar, said in its first quarter report that the development... Continue Reading →
Corio Generation, part of Macquarie’s Green Investment Group, said Thursday it was joining the Global Offshore Wind Alliance, an international coalition founded by the Government of Denmark, the International Renewable Energy Agency (IRENA) and the Global Wind Energy Council (GWEC) to help countries transform their economies using offshore wind power. Corio has pledged to work... Continue Reading →
(OE) UK-based offshore wind developer SSE Renewables and Asia Pacific-focused renewable energy developer Equis have formed a joint venture to bid for a feasibility license to develop, construct, own, and operate an offshore wind farm project in Australia. The wind farm site is in Australia’s first Federal Government-declared offshore wind zone of Gippsland, near the... Continue Reading →
(CGTN) Goldwind, the world's top wind turbine supplier in 2022, expects the global offshore wind power market to expand hundreds-fold, possibly even thousands-fold, in the next few decades. "The global offshore wind power development we see now is just the beginning," Wu Kai, vice president of Goldwind, told CGTN in Beijing. "With the comprehensive utilization... Continue Reading →
The head of the Macquarie Group company that aims to be one of the biggest offshore wind players in the world says that Victoria could easily beats its ambitious offshore wind targets, and has flagged massive turbines of up to 20MW will be installed in coastal waters. Jonathon Cole is the CEO of Corio Generation,... Continue Reading →
While the global energy crisis marked 2022, efforts to propel the energy transition forward in a bid to usher in a sustainable energy future continued gaining momentum. As a result, last year was also a bumper year for carbon capture, utilization, and storage (CCUS), according to the International Energy Agency (IEA), as more than 140 new... Continue Reading →
Offshore installation firm Subsea 7, Australian company Spark Renewables, and international floating wind farm developer Simply Blue Group have created a consortium to pursue floating offshore wind development offshore New South Wales (NSW), Australia, in the Hunter and Illawarra regions. According to the consortium, the recently declared Hunter-Central Coast and Illawarra Renewable Energy Zones offer good opportunities to... Continue Reading →
(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 →
Norwegian shipping company Solstad Offshore has agreed to sell its platform supply vessel (PSV) fleet to U.S. offshore vessel operator Tidewater for a total cash consideration of approximately $577 million, marking an exit from the PSV segment. The PSV fleet consists of 37 vessels, all of which are currently working worldwide, principally in the North Sea, but... Continue Reading →
