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For the first time in the last four quarters, HHI Group’s Korea Shipbuilding and Offshore Engineering (KSOE) division is forecast to make a slight profit. Korean financial data provider FnGuide estimates that KSOE has earned $56 million in operating profit in the July-September quarter. KSOE has not turned a profit since the third quarter of 2021, and its… Read More
Are all-electric seagliders the future for getting personnel to offshore platforms? French super major TotalEnergies is looking at the idea. It has reached an agreement with Massachusetts-based start-up REGENT (Regional Electric Ground Effect Nautical Transport). The company (which is registered as Regent Craft Inc.) has developed an all-electric wing-in-ground-effect (WIG) vessel, the seaglider. It says that it… Read More
The Board of Directors for Atlantic Shores Offshore Wind, LLC, (Atlantic Shores), a 50/50 partnership between Shell New Energies US LLC and EDF Renewables North America, is pleased to announce the appointment of Joris Veldhoven as the company’s first Chief Executive Officer. “I am excited and humbled to lead the continued growth of Atlantic Shores, one of the… Read More
China’s first 2,000-ton offshore wind power installation platform was delivered for use in the Nansha district of Guangzhou, Guangdong province, on Wednesday, according to China Daily. It will help make a deeper exploration of offshore wind power potential for the country in the months to come. The platform, named Baihetan, is the first offshore wind… Read More
Building on more than 10 years experience in the installation of the main floating wind farm prototypes in Europe, Paris-headquartered offshore services specialist Bourbon has established a new division dedicated to offshore wind. It says the new Bourbon Wind division will support its ambition to become a major player across the entire offshore wind value chain: pre-studies,… Read More
One of the challenges created by the rapid expansion of the offshore wind industry is the need for port facilities to support the industry both during its installation and later for maintenance and operations. In many parts of the world, they are struggling with the need to support the industry while analysts warn that the… Read More
Siemens Gamesa intends to lay off 2,900 employees after revealing that inflation and supply chain issues are affecting its bottom line. Rising costs for energy, raw materials and transport are cutting into margins, while shortages of components, port congestion and supply delays are impacting production. Three days after the world’s largest offshore wind turbine maker… Read More
Rotterdam, the Netherlands, 28 September 2022 – Van Oord’s offshore installation vessel Aeolus will get a major crane upgrade. By installing a new, longer boom on Aeolus’ existing crane, the vessel will be ready to handle the newest generation up to 15 MW turbines for offshore wind projects. Van Oord decided to upgrade the Aeolus… Read More
Further to our company announcement issued on 28 March 2022, Ørsted has today completed the divestment of 50 % of Hornsea 2 Offshore Wind Farm to a consortium comprising AXA IM Alts, acting on behalf of clients, and Crédit Agricole Assurances. The information provided in this announcement does not change Ørsted’s previous financial guidance for the financial… Read More
Santos has received an offer from Papua New Guinea’s (PNG) national oil and gas company Kumul Petroleum to acquire a 5% stake in the former’s $19bn PNG liquefied natural gas (LNG) project, located near Port Moresby, for approximately $1.4bn. The consideration of the binding conditional offer includes a proportionate share of project finance debt of nearly $300m. Kumul Petroleum… Read More
Rapid growth in the offshore wind sector and the move to larger wind turbines with longer blades is giving rise to the need for more specialized installation vessels. In the latest proposal, designers at GustoMSC working with NOV Lifting & Handling have developed a design for a specialized smaller lifting vessel for blades that they… Read More
As wind farms grow larger and further from shore and convert from fixed bottom to floating, new salutations will be required to support these projects. Drawing on their experience in floating structures for floating wind turbines and for major floating oil and gas topsides, Denmark’s Semco Maritime and ISC Consulting Engineers and with Technip Energies’… Read More
Owner/operator of offshore crew transfer vessels Windcat Workboats announces plans to add six additional hydrogen-powered vessels to its fleet servicing Europe’s offshore wind and energy sector. A division of Belgium’s Compagnie Maritime Belge (CMB) the company is focusing on the emerging opportunities tied to the offshore wind sector. Windcat Workboats and CMB.TECH introduced the world’s… Read More
As Portugal accelerates efforts for energy transition, the government has further raised the target for its debut offshore wind power auction to 10 gigawatts (GW). In June, the government committed to tender 6-8 GW of projects, which was already double the target it had set at the start of 2022. Portugal’s Environment Minister Duarte Cordiero… Read More
The concept of developing hydrogen offshore linked to wind farms is taking a step forward with the first test unit having been dedicated in France. The Sealhyfe platform was installed on a Wavegem wave energy platform and is now preparing for tests alongside a pier in the port of Saint-Nazaire, France before it is moved… Read More