SeaTech to Design Semi-submersible Platform for Seawind’s Offshore Wind Floater

(OE) SeaTech Solutions International and Seawind Ocean Technology Holding have partnered up to develop semi-submersible floating platforms customized for Seawind’s construction and assembly requirements for its integrated floating offshore wind turbines.  "The semi-submersible floating platforms are a key component in Seawind’s integrated approach to construct the concrete floating foundations and subsequently lift and assemble the... Continue Reading →

BW Ideol, Tohoku Electric Power form Japanese floating wind venture

BW Ideol and Tohoku Electric Power have initiated feasibility studies for a joint development of a commercial-scale floating offshore wind farm offshore Kuji City in Japan’s Iwate prefecture. The development will feature BW Ideol’s Damping Pool technology. The two companies will pursue early commercialization of cost-competitive floating offshore wind power in Japan through this venture,... Continue Reading →

Colombia’s Ecopetrol taps contingency financing while waiting for govt payment

(Reuters) - Colombia's majority state-owned oil company Ecopetrol (ECO.CN) said it will activate a contingency financing plan to avoid investment being affected while it waits for the government to pay 14.1 trillion pesos ($3.45 billion) it owes to the company. The debt the government owes to Ecopetrol (ECO.CN) corresponds to The Fund for Stabilization of Fuel Prices (FEPC), which... Continue Reading →

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