Oil major Chevron has, via its Chevron Technology Ventures (CTV), entered the offshore wind arena through investment in Ocergy, a company developing floating offshore wind turbine foundation technology and environmental monitoring buoy. Ocergy, Inc, a company with offices in Oakland, California, and in Aix-en-Provence, France, said Tuesday it had secured investments from Chevron Technology Ventures (CTV) and the... Continue Reading →
BW Ideol, a company established after oil & gas services provider BW Offshore’s bought into the floating wind technology developer Ideol, has applied for admission to the Oslo Stock Exchange and is expected to start trading there around 18 March. Through the offering of shares, for which a day-long bookbuilding period was launched on 11... Continue Reading →
BW Offshore, a company mainly known as the operator of FPSO vessels in the oil and gas industry, is creating what it calls "a floating offshore wind champion targeting large-scale projects," following an agreement signed Wednesday to buy into the floating offshore wind tech developer Ideol. BW Offshore last week said it was in discussions with France-based... Continue Reading →
Another company involved in the oil & gas sector has set its sights on offshore wind, as the industry increasingly moves towards renewable energy amid the global energy transition. The latest to announce its clean energy plans is BW Offshore, which is now in investment discussions with the floating wind company Ideol. The Norway- and... Continue Reading →
Floating Power Plant (FPP) and partners Lundin Energy Norway, NOV-APL, Semco Maritime, Cefront Technologies and Aalborg University have completed a project aimed at using floating wind and wave power to support an offshore oil and gas facility. According to FPP, the project shows that using renewable energy can help the oil and gas industry reduce... Continue Reading →
Siemens Gamesa and Siemens Energy have this week announced they'd work together on wind-to-hydrogen projects to help decarbonize the economy "to solve the climate crisis." The companies said they were contributing with their developments to an innovative solution that fully integrates an electrolyzer into an offshore wind turbine as a single synchronized system to directly... Continue Reading →
Sevan SSP, a company designing cylindrical, offshore facilities such as FPSOs and offshore rigs, has entered the floating wind game with its SWACH design. "Sevan SSP is happy to announce our participation in the development of floating offshore wind energy with our Sevan Wind concept, the SWACH design," the company, a subsidiary of Singapore-based Sembcorp... Continue Reading →
Ten years ago, a future where subsea fields and their power-hungry process equipment could be fully electrified, enabling long step-outs to tap remote reserves with lean new infrastructure architectures, lit the fuse for a spate of investment in subsea power distribution.The result, following at least two major joint industry projects (JIP) and tens of millions... Continue Reading →
The Quest Offshore Wind Turbine Index (QOWTI), which tracks the Total Addressable Market for offshore wind*, shows 322 global projects for December a gain of 28 projects since September, comprising 17,793 individual turbine units representing a CapEx of $505.2 billion. Although Asia Pacific continues to lead Europe in total project count, Europe leads all regions... Continue Reading →
This has certainly been an active year for offshore wind, both in the U.S. and globally. Looking at the U.S. in particular, the East Coast is certainly giving cause for real optimism with a clear pipeline of state procurement targets indicating 12 gigawatts installed by 2030 and 29.1 gigawatts total installed by 2035. That means... Continue Reading →
