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(Reuters) Oil and gas services company SBM Offshore on Thursday reported a better than expected decline in core profit for the first half of 2021 as it looks to develop floating offshore wind projects. After reducing spending sharply in the face of a pandemic-induced demand collapse, major energy companies have profitted from surging oil and... Continue Reading →
Subsea engineering, construction and services company Subsea 7 has entered into an agreement to acquire a majority interest in the equity of Nautilus Floating Solutions S.L. a developer of technology for the floating wind market based in Bilbao, Spain. According to Subsea 7, Nautilus has developed a promising concept for a floating wind foundation based... Continue Reading →
But the taller they get, the harder they will be to repair (Economist) On July 16th Royal Dutch Shell, an oil and gas company, and Scottish Power, a subsidiary of Iberdrola, a Spanish electricity utility, made an announcement. They were, they said, jointly submitting proposals to the British authorities to build, off the coast of Scotland,... Continue Reading →
Norwegian energy giant Equinor has teamed up with RES and Green Giraffe to form Océole, a company dedicated to developing floating offshore wind in France. Océole will evaluate and work towards submitting bids in the upcoming floating offshore wind tenders held by the French government, Equinor said Tuesday. "Establishing this partnership is in line with... Continue Reading →
South Korean shipbuilder Samsung Heavy Industries (SHI) has announced plans to enter the renewables market with the development of a large-scale floating wind turbine. The shipbuilder has received an Approval in Principle (AiP) from classification society DNV for its Tri-Star Float, a 9.5-MW offshore wind floater. SHI is hoping its turbine technology will be selected... Continue Reading →
Italian energy industry services provider Saipem is set to complete the acquisition of the French Naval Energies' floating wind business. The two companies first announced the agreement on June 4, and now all the necessary conditions for the completion of the deal have been fulfilled. Saipem acquired from Naval Energies the activities in the floating... Continue Reading →
(Quartz) Towering wind turbines already speckle seas across Europe and Asia and a boom in construction is expected to bring an economic bonanza to the US East Coast. But even this climate-friendly technology could soon evolve into something bigger and better. Almost all the offshore wind turbines operating right now stand atop towers driven into sea beds.... Continue Reading →
Norwegian company Odfjell Oceanwind, which describes itself as the mobile offshore wind pioneer, has entered into a non-binding Memorandum of Understanding with Siemens Gamesa and Siemens Energy. Under the MoU Odfjell Oceanwind intends to use Siemens Gamesa and Siemens Energy technologies for its Mobile Offshore Wind Units (MOWUs). Odfjell Oceanwind is working to develop floating... Continue Reading →
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 →
