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(Reuters) - European energy firms Equinor (EQNR.OL) and BP (BP.L) terminated on Wednesday their agreement to sell power to New York state from their proposed Empire Wind 2 offshore wind farm, citing rising inflation, higher borrowing costs and supply chain issues. "This agreement reflects changed economic circumstances on an industry-wide scale and repositions an already mature project to continue... Continue Reading →
One of Japan's largest offshore wind farms has started commercial operation in the prefecture of Hokkaido. Tokyo-based renewable energy company Green Power Investment built the facility in Ishikari Bay, off the coast of western Hokkaido. It has 14 turbines, each of which is 196 meters tall. The wind farm started commercial operation at the start... Continue Reading →
(OE) The US Bureau of Ocean Energy Management (BOEM) has updated its Guidelines for Providing Geophysical, Geotechnical, and Geohazard Information Pursuant to 30 CFR Part 585. The guidelines provide information for offshore renewable energy projects and were last published in May 2020. They were primarily developed for the Atlantic Outer Continental Shelf (OCS). However, now that BOEM has... Continue Reading →
Aker Solutions has signed a front-end engineering and design (FEED) contract with the Marine Energy Test Centre (METCentre) in Norway to pilot new subsea power system technology which has the potential to reduce costs and complexity of offshore wind farms. The project will see Aker Solutions provide new power transmission technology, Subsea Collector, for the... Continue Reading →
(OET) The oil and gas industry is always on the lookout for ways to boost production levels at offshore fields and gain access to stranded and untapped reserves that are not easy to bring online. Electrification of subsea production systems (SPS) offers the solution to these long-standing issues and constraints while also enabling decarbonization and... Continue Reading →
(OET) As the world puts more gumption into its energy transition journey, subsea interconnectors open new opportunities for sharing the access and use of renewable energy, such as offshore wind power, between countries while upping the decarbonization ante and strengthening the security of electricity supply. The role of subsea cables in energy security and transition... Continue Reading →
(OE) Ports in the UK such as Aberdeen serve as vital gateways to the offshore energy supply chain, providing services from surveying and construction to operational support, maintenance and decommissioning for oil and gas platforms and renewable energy installations all around the UK coastline. Vessels, moving 84.5 million tons of energy related cargo in 2022,... Continue Reading →
Advanced Technology Industrial Group, a company controlled by Alpha Private Equity, has reached an agreement for the sale of 100% of Remazel Engineering to Italian shipbuilding giant Fincantieri. The anticipated completion of the transaction, expected in the first quarter of 2024, will result in Remazel becoming part of Fincantieri. The integration will combine Remazel's engineering... Continue Reading →
(OE) NYK Group’s Hokuyo Kaiun has received certifications from ClassNK for the safety management system (SMS) of its crew transport vessel (CTV) for the offshore wind industry. The certifications, ISO 9001:2015 and ISO 45001:2018, were obtained by combining the experience of Hokuyo Kaiun, which operates and manages the CTV Rera As for the Ishikari Bay... Continue Reading →
(Reuters) - The U.S. offshore wind industry is eying a brighter 2024, with work expected to start on several projects following a year marked by stalled developments and billions of dollars in write-offs. The offshore wind industry is expected to play a major role in helping several states and U.S. President Joe Biden meet goals... Continue Reading →
Brazil Energy Insight 