Ocean Ventus Launches Low-Steel Wind Floater

Ocean Ventus has launched a low-cost, low-steel floating wind solution which has received Approval in Principle from DNV. It has a tubular design, and its main steel weight is approximately 3,000t for a 15MW turbine. Offshore wind targets imply an eight-fold increase in installed capacity to 2030, with 32 GW of floating wind expected to... Continue Reading →

Equinor puts Norwegian Trollvind offshore wind farm on hold

 (Reuters) - Equinor (EQNR.OL) will postpone indefinitely its planned Trollvind floating offshore wind farm project in Norway, the Norwegian energy company said on Monday. "This decision is based on several challenges facing the project, including technology availability, rising cost and a strained timetable to deliver on the original concept," Equinor said in a statement. Equinor initially mooted... Continue Reading →

Equinor beats Q1 forecast on strong energy trading

 (Reuters) - Norway's Equinor (EQNR.OL) beat first-quarter profit expectations on Thursday, driven by strong results in energy trading, although earnings were below last year's record amid a sharp fall in natural gas prices. The oil and gas producer said adjusted profit before interest and tax for January-March fell to $12 billion from $18 billion a year earlier,... Continue Reading →

‘Hydrogen Hubs’ to the Fore

Barry Parker, Contributor (OE) The path to decarbonization is defined by partnership and fueled by government funding. This month we examine the players, partnerships, and evolution of Hydrogen Hubs in the Gulf of Mexico. The Green Shipping Challenge, organized by the United States and Norway at COP 27 held in late 2022, brought about dozens of... Continue Reading →

Can FPSOs clean up their act on carbon emissions?

(U) Floating production, storage and offloading vessels have been the offshore development solution of choice for some time, a trend set to continue over the next several years. A recent Rytsad Energy report forecast that from this year to 2030, 48 FPSOs will be awarded for greenfield developments, along with dozens of life-extension projects and... Continue Reading →

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