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Norway's World Wide Wind has a radically different take on offshore wind power. These floating, vertical-axis wind turbines (VAWTs) feature two sets of blades, tuned to contra-rotate – and they promise more than double the output of today's biggest turbines. Taking wind farms way offshore can certainly help make them less obtrusive, and open up... Continue Reading →
Oilfield services giant Baker Hughes said Tuesday it had launched its new fast all-electric tiebacks solution. The company said the solution was "driving cost efficiencies through optimized architecture and reduced topside footprint, and delivering environmental benefits for subsea operations." "Fast all-electric tiebacks solutions provide structured building blocks for major subsea assemblies to reduce cycle time... Continue Reading →
The energy transition progress towards a sustainable future has encountered roadblocks in the form of fossil fuel subsidies, based on an analysis by the International Energy Agency (IEA) and the Organisation for Economic Co-operation and Development (OECD), which outlines that the backing for fossil fuels almost doubled in 2021, reaching $697.2 billion. While energy transition... Continue Reading →
By Pat Jelinek and Ben Williams, Ernst & Young LLP (OM) Oil and gas companies find themselves caught in a politically volatile gray area: scrutinized by climate-minded investors, demonized by consumers, pulled in different directions by policymakers, and whiplashed by sudden boom-or-bust prices. Today, economies across the globe are torn between short-term energy demands and... Continue Reading →
Maritime classification society The American Bureau of Shipping (ABS) on Monday launched detailed requirements for greener offshore operations in what it said was the first sustainability guide to target the offshore industry. "Developed by working with major offshore industry clients, ABS today launches a revised sustainability guide expanded with offshore asset compliance requirements.The updated ABS Guide for... Continue Reading →
Subsea services and technology specialist Oceaneering said Monday that its Freedom AUV, has achieved Technology Readiness Level 6 on a 1-9 scale. Oceaneering said that its Freedom, a hybrid AUV/ROV system, is the result of a long-term collaborative relationship between Oceaneering, TotalEnergies, and Chevron dating back to 2014, with Equinor joining the collaboration in 2019. ... Continue Reading →
(Reuters) Wind turbines, floating solar panels, and green hydrogen at sea are among the projects under construction off the Dutch coast, as a country famed for its water engineering prowess builds out its renewable energy infrastructure. On a tour of North Sea facilities on Aug. 25, companies and Dutch utilities showed off key projects. At... Continue Reading →
(WO) A recent ultra-deepwater giant drillships build resulted in two drillships that have the first-ever 20,000 psi well control system equipped with two 20,000 psi blowout preventers. Reel Power Marine & Energy contributed to this project with their patented innovative depth compensated accumulators (DCBs) that reduce subsea equipment weights, lower maintenance requirements and improve equipment... Continue Reading →
Dutch company Huisman, a provider of design and manufacture of heavy construction equipment, has developed a harsh environment semi-submersible drilling rig design, which can be powered with onshore-produced hydroelectricity but also with floating wind turbines. Announcing the new design on Monday, Huisman explained that it was developed with an aim of making the extraction of... Continue Reading →
(Reuters) - Broker Marsh, a unit of Marsh & McLennan (MMC.N), said on Monday it was launching the world's first dedicated insurance for hydrogen energy projects, as the nascent industry looks to scale up quickly in the fight against climate change. As the world targets net-zero emissions by mid-century in an effort to cap global warming,... Continue Reading →
Brazil Energy Insight 