CIMC Raffles Delivers China’s First Semi-submersible Floating Solar Power Platform

(OE) China's CIMC Raffles, best known to Offshore Engineer readers for its offshore drilling rig construction project, has recently launched and delivered China's first semi-submersible offshore floating solar power platform. According to CIMC, the platform is "a self-developed and self-owned intellectual property," and has been officially handed over to CIMC Solar Marine Technology (Yantai) Co.,... Continue Reading →

April 11, 2023 0

Construction of Brazil-bound P-82 FPSO kicks off at Chinese shipyard

(OEM) Chinese shipbuilder COSCO Shipping Offshore Engineering has held a groundbreaking ceremony in Qidong for the construction of a floating, production, storage and offloading (FPSO) vessel, which is destined to work for Petrobras in the Santos Basin pre-salt area offshore Brazil. The Chinese company says that it held the groundbreaking ceremony for the P-82 FPSO, which it describes as “the... Continue Reading →

April 5, 2023 0

Goldwind: Global offshore wind power to expand thousands-fold in coming decades

(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 →

March 29, 2023 0

Approval Granted for Floating Wind Platform that Includes Fish Farm

China Longyuan Electric Power Group Corporation has received Approval in Principle from China Classification Society (CCS) for its floating wind foundation design that incorporates a fish farm. The concept aims to achieve multi-space, multi-level sharing of ocean space, particularly as offshore wind power development gradually moves towards deeper waters. An installation is planned in the... Continue Reading →

March 29, 2023 0

China’s CNOOC reports record 2022 profits, double previous year

(Reuters) - China's CNOOC (0883.HK), more than doubled its net profit in 2022, benefiting from a year of elevated international oil and gas prices following Russia's invasion of Ukraine. The company, one of China's three largest state-controlled oil and gas companies, posted a record consolidated net profit of 141.7 billion yuan ($20.57 billion), a dramatic increase... Continue Reading →

March 29, 2023 0

African, South American producers struggle as China purchases Russian oil

(Bloomberg) – As China scoops up more and more discounted Russian oil, producers in Africa and South America are losing out. Angola is among the hardest hit at the moment, with daily oil exports to China falling 27% so far this month, compared with the whole of February last year, according to data and analytics... Continue Reading →

February 23, 2023 0