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With demand continuing to grow for vessels to support the offshore wind industry and analysts projecting a need for more vessels, the UK’s North Star has entered into an additional building contract with Fincantieri’s Vard Shipyard headquartered in Norway. The contract is for two uniquely designed methanol-ready Commissioning Service Operation Vessels (CSOVs) with an option… Read More
ABS and KSOE have announced a new study on the possibility of installing a near-shore floating platform for wind-powered hydrogen production off the coast of South Korea. The project builds on the expertise that the two firms developed through the design and approval of a floating hydrogen production platform last year. Working together with specialty… Read More
Italian supermajor Eni is said to be approaching a final investment decision on a controversial offshore gas project, the Verus (Evans Shoal) reservoir. If developed, Evans Shoal could Evans Shoal is located on the edge of Australia’s continental shelf, about 135 nautical miles to the northwest of Darwin in the Timor Sea. It was discovered… Read More
Offshore Wind Legislation Directs Revenues to Beach Nourishment and Coastal Protection | States impacted by offshore wind projects deserve a cut of the revenues derived from the sale of lease areas to offset impacts to the environment and local economies. The Save Limit Grow Act of 2023, HR.1, or the Debt Ceiling Bill, HR. 2811,… Read More
The Port of Long Beach has revealed plans for a facility aimed at supporting California’s renewable energy objectives. The proposed Pier Wind facility is designed to accommodate the manufacturing and assembly of large scale offshore wind turbines, potentially playing a pivotal role in the state’s renewable energy future. The floating offshore wind facility is envisioned… Read More
Singapore-based Seatrium, formerly known as Sembcorp Marine, has secured a $377m contract to construct two offshore wind farm substations for Empire Offshore Wind, a joint venture between Equinor and BP. The contract will involve the engineering, procurement, construction, offshore hook-up, and commissioning of two Offshore Substation Platforms for Empire Wind 1 and 2 Offshore Wind… Read More
The Haugesund, Norway-headquartered group will use subsea support vessel Deep Cygnus for the project, which commenced early May 2023. Reach Subsea has this 2009-built multipurpose vessel on charter for another three years. This new contract means Deep Cygnus has significant contract coverage for the 2023 season, after which it will go into drydock for maintenance and battery installation Q4… Read More
Offshore wind may be attracting all the media attention, but offshore oil and gas is entering a major boom cycle. The offshore oil industry can look forward to $100 billion a year in capex commitments through 2024 – twice the expected investment in offshore renewables – and offshore activity will outpace onshore oil projects by… Read More
While there has been a lot of attention on the emerging offshore wind sector, a new market analysis from the American Clear Power Association (ACP) illustrates how far behind the United States is in comparison to not only global economies but small countries including Vietnam and Taiwan. The trade group for the clean power industry… Read More
Global Market Vision added research publication document on Worldwide Off Shore Wind Power Installation Service Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Off Shore Wind Power Installation Service market. The… Read More
VARD is pleased to announce that it has signed new contracts for the design and construction of two commissioning service operation vessels (CSOVs) for the UK’s leading infrastructure support vessel operator North Star. The agreement also has an option for two additional ships, which could ultimately create a total of up to 200 new seafaring… Read More
Sembcorp Marine Offshore Platforms (SMOP) has secured a contract worth more than S$500m (US$377m) to provide substations for Equinor and BP’s US offshore projects Empire Wind 1 and 2. The scope of the project involves the engineering, procurement, construction, offshore hook-up and commissioning of two offshore substation platforms for the two wind farms, located about… Read More
Offshore wind farms host more soil animals per square meter than the North Sea floor, discovered Leiden researchers. After 25 years, hundred times more animals and a doubling of the number of different species could live on the foundations of wind turbines. The researchers published their findings in Environmental Science & Technology. Until now, only… Read More
Offshore wind may have strong support in the White House and in the Governor’s Mansion in Raleigh, but it remains clear that support for the “green” power alternative to traditional fossil fuel power sources remains far from unanimous in North Carolina. With decarbonizing the nation’s energy grid to help fight climate change one of his… Read More
The Bureau of Ocean Energy Management (BOEM) today announced that it intends to conduct a review of potential environmental impacts associated with the possible issuance of an offshore wind energy research lease in the Gulf of Maine. The lease was requested by the State of Maine for the purpose of researching potential floating offshore wind energy development…. Read More