(offshore-energy.biz) Given the rising expectations about oil and gas, especially liquified natural gas (LNG), being in demand even after 2050, entwining innovation and technology arms is increasingly being recognized as the right recipe to not only unleash untapped low-carbon barrels but also unlock the gates of green power. Japan’s MODEC and the UK-based Altera Infrastructure... Continue Reading →
TGS and Petrobras Enter Tech and Research Partnership
(OE) Norwegian seismic company TGS announced it has entered into a partnership with Brazilian state-owned energy company Petrobras to collaborate on scientific research and technological development activities in Brazil. Under the memorandum of understanding (MOU), the partners will seek to drive innovation in the energy sector through collaborative efforts to develop new technologies and conduct... Continue Reading →
China’s FPSO mooring system for deepwater oil & gas fields earns double blessing
(offshore-energy.biz) The internal turret buoy single-point mooring system developed by China Offshore Oil Engineering Company (COOEC), controlled by China National Offshore Oil Corporation (CNOOC), has received two approvals in principle (AIP), one from the China Classification Society (CCC) and another from Bureau Veritas. As the system is said to be the first of its kind... Continue Reading →
US Grants Maine First Floating Offshore Wind Research Lease
(offhsoreWIND.biz) The US State of Maine and the Federal Bureau of Ocean Energy Management (BOEM) have agreed on a floating offshore wind research lease in the Gulf of Maine, which could allow for the deployment of twelve floating wind turbines capable of generating 144 MW. The research lease site, an area of up to 15... Continue Reading →
A Hydrogen Balancing Act in Offshore Energy
Wendy Laursen, Contributing Writer (OE) The intermittency of offshore wind power is both a challenge and an opportunity for green hydrogen production. There will be a new generation of platforms taking up space in offshore wind farms as hydrogen production is used to help balance power supply and demand. Green hydrogen could be produced at... Continue Reading →
Kent demystifying oil & gas decarbonization economics
(offshore-energy.biz) Dubai-headquartered engineering and services company Kent is developing a comprehensive report aiming to offer guidance for determining the cost of decarbonization, including its societal aspect, in the upstream oil and gas industries on behalf of the London-based Energy Institute. While the guideline document will focus on the UK North Sea, it will be written... Continue Reading →
Start-Up Aims for Free-Range Wind Farms via Sailing Vessels
(OE) British startup DRIFT Energy has closed a seed funding round for making green energy at sea using hi-tech sailing vessels. Led by Octopus Ventures, one of the largest and most active venture capital investors in the UK and Europe, and with support from Blue Action Accelerator, the company has secured £4.65 million ($6 million),... Continue Reading →
A Look Inside the East Asia & Pacific Offshore Wind Markets
Philip Lewis, Contributor, Director Research at Intelatus Global Partners. (OE) Whereas the foundations of commercial offshore wind development are found in Europe (and Europe will remain the largest overall regional market for offshore wind activity in the coming decade), the rapid development of the large East Asia and Pacific region provides both opportunities and some challenges... Continue Reading →
BlueFloat Selects Site for Floating Wind Demo Project Offshore Taiwan
(OE) BlueFloat Energy has revealed the site location for its floating wind project, which will participate in the upcoming floating demonstration program, due to be launched by the Taiwanese government later in 2024. The ‘Winds of September Phase 1’ project, in development since 2021, will involve the installation of up to 12 floating platforms for... Continue Reading →
Underwater Power Grids Could Revolutionize How the US East Coast Gets Its Electricity
(Source: The Conversation) Offshore winds have the potential to supply coastlines with massive, consistent flows of clean electricity. One study estimates wind farms just offshore could meet 11 times the projected global electricity demand in 2040. In the U.S., the East Coast is an ideal location to capture this power, but there’s a problem: getting electricity... Continue Reading →