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Offshore wind installation firm Havfram Wind has ordered a second Wind Turbine Installation Vessel (WTIV). This is the first optional vessel ordered under the existing shipbuilding contract with China's CIMC Raffles. The vessel design will be similar to the first GustoMSC NG20000X Jack-Up vessel currently under construction. "The latest battery hybrid drive train technology is incorporated... Continue Reading →
(epbr) SPIC Brasil, a subsidiary of the Chinese generator, closed an agreement with Prumo Logística, a company controlled by the EIG that is responsible for the development of Porto do Açu, for joint renewable energy projects in the port complex located in the north of Rio de Janeiro. The Memorandum of Understanding (MoU), signed during... Continue Reading →
(OW) Chinese engineering company Sany Renewable Energy launched its 9 MW offshore wind turbine during a ceremony at Sany Wind Power Equipment Industrial Base in Dongying. The unit is 13.6 metres long, 4.1 metres high, and 9 MW in capacity. According to the company, it only took 45 days from the beginning of construction until... Continue Reading →
The global wind energy market will pass the one terawatt (TW) threshold for installed capacity by the end of 2023, according to the latest market outlook from Wood Mackenzie. “After needing more than 40 years to reach one TW of installations, the wind industry will reach the next TW of installations within the next eight... Continue Reading →
(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 →
(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 →
(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 →
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 →
(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 →
(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 →
Brazil Energy Insight 