Offshore News

 

World First: High-Wave Floating Solar Park

Jul 22, 2019

A Belgian consortium has launched a project in high-wave offshore solar technology with the aim of building floating solar parks in the North Sea.Large maritime market players Tractebel, Jan De Nul Group, DEME, Soltech and Ghent University formed…

IEA: U.S., China to the LNG Lead by 2024

Jul 16, 2019

The United States and China will become the world's biggest liquefied natural gas (LNG) exporters and importers, respectively, in five years, according to projections by the International Energy Agency (IEA).U.S. LNG exports are expected to rocket to over 100 billion cubic meters (bcm) in 2024…

Hurricane Energy Spuds Lincoln Crestal

Jul 15, 2019

UK-based oil exploration and production company Hurricane Energy said it has spudded the second of three wells on the Greater Warwick Area in the UK North Sea.Well 205/26b-B well, or Lincoln Crestal, was was spudded – the start of the drilling process – using the Transocean Leader rig…

DOF Bags 2 Platform Supply Contracts

Jul 15, 2019

Norwegian supply shipping company DOF has been awarded short-term contracts for two of its platform supply vessels (PSVs).Premier UK has hired the 4,135-dwt Skandi Caledonia (built 2003) for around four months from this quarter. The PSV will perform supply duties for two firm wells…

U.S. Oil Makes it to Ukraine, a blow to Moscow

Jul 12, 2019

U.S. crude exports are gaining traction in Europe as even Ukraine turns into a significant consumer of American barrels at the expense of Russian supplies amid heightened U.S. political pressure on Moscow and problems over contaminated Russian oil…

Tropical Storm Barry Forms in Gulf of Mexico

Jul 11, 2019

Tropical Storm Barry formed on Thursday with heavy rains expected across the north-central U.S. Gulf Coast, the National Hurricane Center said.Barry, the second named storm of the 2019 Atlantic hurricane season, was located about 95 miles (150…

Maersk Firm to Buy Wind Turbine Supplier

Jul 10, 2019

A.P. Moller Holding, which controls Danish shipping giant A.P. Moller-Maersk will acquire Danish wind turbine supplier KK Group, it said on Wednesday, in a first step into the renewable energy industry.The acquisition marks a new direction for the family-owned company…

Atlantic Offshore Wind: Favorable Winds for Maritime

Jul 09, 2019

Now that the United States finally can envision steady winds blowing from the Atlantic Seaboard due to a pipeline of offshore wind farms on the horizon, the maritime industry can finally step up and earn some of the benefits. This includes shipbuilding…

NOIA: VA Offshore Wind is a Win for Americans

Jul 02, 2019

NOIA President Randall Luthi issued the following statement after Dominion Energy and its partner Ørsted began construction of the Coastal Virginia Offshore Wind (CVOW) Project:“NOIA congratulates Dominion Energy for starting construction on…

Dutch-Aussie Team Targets Safer Blade Lifting

Jun 24, 2019

Dutch maritime contractors Van Oord and heavy lifting and transport specialist Mammoet are cooperating with Australian start-up Verton to design a new lifting method for installing wind turbine blades.The technology specialist was scouted after…

Orsted to Build NJ's First OWF

Jun 24, 2019

Denmark’s Ørsted won New Jersey’s first offshore wind solicitation with a 1.1-gigawatt project Ocean Wind, the largest offshore wind project to secure a development deal with a U.S. state to date.The New Jersey Board of Public Utilities (NJBPU)…

Danska Commodities Inks PPA with Hywind Scotland

Jun 21, 2019

Danish energy trading company Danske Commodities signed a 20-year Power Purchase Agreement (PPA) with the world’s first floating wind farm, Hywind Scotland.Hywind Scotland, the world's first commercial-scale floating wind farm, was officially opened in October 2017…

Saudis: Iran Created "Very Grave" Gulf Situation

Jun 20, 2019

Iran has created a grave situation and jeopardized global oil supplies with its aggressive behavior, Saudi Arabia's minister of state for foreign affairs said on Thursday, adding that the kingdom was consulting with allies on next steps.The…

Bourbon BoD to Analyze Restructuring Proposals

Jun 19, 2019

Following the submission of financial restructuring proposals subject to conditions precedent, the Board of Directors of BOURBON Corporation reviewed today the two proposals which are considered relevant to the interests of the group, its employees…

U.S. Refiner Phillips 66 Enters Offshore Oil Export Race

Jun 19, 2019

U.S. oil refiner Phillips 66 is proposing a deepwater crude export terminal off the U.S. Gulf Coast, challenging at least eight other projects aiming to send U.S. shale oil to world markets, according to a memo and a source who asked not to be named…

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