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Craig Fleming (WO) With the havoc created by the war in Ukraine and the hard push to convert to renewables, operators are once again focusing on the high ROI that offshore prospects offer. There is an onslaught of good news and positive indicators that suggest operators are poised to significantly increase offshore development in 2022. ... Continue Reading →
Construction of the 16.8 megawatt Goto floating wind farm in Japan is expected to start in September 2022, with the commercial operations scheduler to begin in January 2024. A a sole bidder, the Japanese Goto Floating Wind Farm consortium, in June 2021, won a bid to build the floating wind farm in an area offshore Goto City, Nagasaki... Continue Reading →
DNV has presented Wison Offshore & Marine (WOM) with a Verification Letter for its "w.semi" floating wind foundation. The Verification Letter demonstrates the technical feasibility and commercial readiness of the technology. Wison Offshore & Marine's "w.semi" is a new concept that the company has been developing as a floating wind foundation/platform. , It is said to be... Continue Reading →
Oil demand could peak as soon as 2025, as the energy transition continues to gain steam and as electric vehicle adoption increases, McKinsey & Company said in a new report. Christer Tryggestad, a Senior Partner at McKinsey, says: “In the past few years, we have certainly seen the energy transition pick up pace. Every year... Continue Reading →
Dutch offshore installation giant Heerema Marine Contractors has said it has developed a new method for the installation of offshore floating wind structures that doesn't require wet-tow and removes the need for marshaling yards. The company said that, while floating wind farms are seen as essential for the world's energy transition, methods under development can... Continue Reading →
TechnipFMC has been granted pilot approval from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to deploy its Subsea 2.0 equipment for the country’s oil and gas projects. As described, the Subsea 2.0 product, such as trees, manifolds and associated components, are smaller, lighter and use fewer parts than previous generations. The products were designed to... Continue Reading →
(WO) — The energy crisis triggered by Russia’s invasion of Ukraine is increasing the world’s motivation to shift to low-carbon energy, but is also creating a near-term scramble for fossil fuels that will drive billions of dollars of new investment. The U.S. and European countries are planning liquefied natural gas terminals that will be in... Continue Reading →
Equinor has published its first Energy transition plan, which will be submitted for an advisory vote by shareholders at the company’s 2022 Annual General Meeting 11 May. The plan provides an overview of how the company is progressing towards its 2050 net zero ambition through short-term actions and medium-term ambitions. Equinor also proposes to amend... Continue Reading →
(Reuters) - The world needs to find $1.3 trillion of incremental investment by 2030 to boost all types of energy output and infrastructure from renewables to oil and gas to avoid an energy crunch, U.S. bank JP Morgan said in its first annual energy outlook. "Our main finding is that by 2030, energy demand growth... Continue Reading →
(Offshore Energy) The global social networking company Meta – formerly known as Facebook – has expressed interest in the hybrid offshore renewable energy solution developed by GEPS Techno. Jean-Luc Longeroche, CEO and co-founder of Geps Techno, said that Meta had confirmed its wish to work with the company in order to multiply the power of its submarine cables by... Continue Reading →
