Windthrust Working on All-in-one Floating Port and Installation Vessel for Offshore Wind Sector

Windthrust, a subsidiary of Australian-based, National Ports Corporation, has revealed plans for a 300 meters long, combined self-propelled floating port and installation vessel for foundations, wind turbines, and substation - named the Oceandock LX. "Windthrust has been working closely with offshore wind farm market leaders from Northern Europe to identify the key factors and requirements... Continue Reading →

November 19, 2020 0

PETROBRAS FORESEES BUZIOS PRODUCTION TO REACH 2 MILLION BARRELS A DAY UNTIL THE END OF THE DECADE

The jewel in the Petrobras crown, the Buzios field should reach the end of the decade with daily production above 2 million barrels of oil per day - today, this volume is 600 thousand. The forecast was presented by the executive manager of the state company Marcio Kahn, during the Technical Forum of Pre-Salt Petroleum... Continue Reading →

November 18, 2020 0

Aker Offshore Wind Beefs Up Stake in Floating Wind Firm Principle Power

Norwegian offshore wind services firm Aker Offshore Wind has increased its stake in Principle Power, a company developing foundations for floating wind farms. Aker Offshore Wind's stake in Principle Power will grow from around 20 percent to an expected 39 percent, after exercising an option to buy further shares in the floating wind technology company.... Continue Reading →

November 18, 2020 0

Why The Oil Industry Is Set To Thrive For Decades To Come

Modern innovation is helping the oil industry to keep up with the competition by cutting costs, addressing safety concerns, and incorporating better data analytics to continually improve upon existing systems. As we face increased global uncertainty over the demand for oil as well as its price, digitalization and the introduction of new technologies will help the... Continue Reading →

November 16, 2020 0

SBM Offshore Raises Profit Guidance, Starts Work on Floating Wind Project

Oil and gas services firm SBM Offshore raised its full-year core profit guidance on Thursday on the back of a 23% increase in nine-month revenue and said it had started work on a pilot floating offshore wind project in France. The Dutch company, which supplies floating oil and gas production vessels, now expects 2020 earnings before interest,... Continue Reading →

November 12, 2020 0

Wärtsilä to Make CBO Flamengo Brazil’s First PSV Fitted with a Battery Pack

Brazilian offshore support vessel operator CBO has tasked maritime equipment manufacturer Wärtsilä, based in Finland, to convert one of its offshore vessels to operate with hybrid propulsion. The vessel selected for the upgrade is the 2012-built platform supply vessel CBO Flamengo. According to Wärtsilä, the CBO Flamengo will be the first vessel in Brazil and... Continue Reading →

November 11, 2020 0

BlackRock CEO backs mandatory climate reporting, urges U.S. action

(Reuters) - Larry Fink, chief executive of the world's largest asset manager BlackRock BLK.N, said on Tuesday he backed the UK's recent move to make the reporting of corporate risk related to climate change mandatory, and urged the United States to follow suit. “We welcome the UK Chancellor’s announcement yesterday (of) mandatory TCFD reporting,” Fink told... Continue Reading →

November 10, 2020 0

DNV GL Releases Class Rules for Floating Offshore Wind

The floating offshore wind industry, currently at its beginnings, is set for massive growth in the years to come, which has now led the classification society DNV GL to released the first integrated rule set for floating offshore wind structures. "The rules provide both new entrants and experienced stakeholders a set of well-tested rules and standardized... Continue Reading →

November 10, 2020 0

EU Eyes Huge Hike in Offshore Wind Capacity to Meet Climate Goals

The European Union is considering a plan to increase its offshore wind energy capacity five-fold this decade and 25-fold by 2050, as it seeks to become climate neutral by mid-century, according to a draft policy. The 27-nation EU, which is already home to 42% of the world's offshore wind capacity, says the technology now produces clean power at a... Continue Reading →

November 6, 2020 0

Iberdrola’s $88B Green Spending Spree Eclipses European Big Oil’s Plans

Spanish wind energy group Iberdrola's plans to spend around $88 billion on renewable power by 2025 eclipse Europe's top oil companies' combined planned investments in low-carbon over the same period. Royal Dutch Shell, BP, Total, Norway's Equinor, Spain's Repsol, and Italy's Eni aim to grow their low-carbon businesses after setting out plans to sharply reduce... Continue Reading →

November 5, 2020 0

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