The buzzword of the Offshore Wind industry today is the Levelised Cost of Energy (LCoE) – the lifetime cost of the project, per unit of energy generated – which needs to be lowered in order to maximise the size of the industry. The 5th annual Offshore Wind Construction, Installation & Commissioning Conference, October 14-15, 2013 | Hamburg, Germany will consider such problems. Current wind farm projects have indicated that costs have stabilised at around £140 / €160 per MWh and regulators have put forward a challenge that offshore wind should reach a LCOE of £100 / €120 MWh by 2020, in order to maximise the size of the industry. The opportunities for savings across offshore wind finance, technology and supply chain have now been recognised and there are many, diverse ways in which costs can be driven down. The key areas where cost reduction can be achieved in project execution have been identified as the type of foundations, substation design and installation, cable installation and logistical strategy. However, the level of cost reduction required won’t happen unless new technology innovations are properly tested in situ to provide developers and financiers with technical assurance before undertaking major multi-billion pound procurement programmes.
Now that British Telecommunications' jumbo $10 billion global bond issue is out of the way, Australian Telstra's offshore issues, clear losers in recent sessions, can expect a slight reprieve, analysts said on Wednesday. But while their spreads were unlikely to narrow much near-term, buying opportunities were emerging for medium to longer term investors, said National Australia Bank's senior analyst Phillip Strano.
The Carlyle Group and a New York-based private equity firm have committed a $450m investment to Dynamic Offshore Resources LLC, a new oil and gas company that will focus on the acquisition and development of producing properties in the Gulf of Mexico, the Washington Business Journal reported. Joining D.C.-based Carlyle in the Dynamic Offshore Resources investment is Riverstone Holdings LLC, a private equity firm founded in 2000 that focuses on certain parts of the energy industry
Golar LNG announced that it has agreed to partner with Bluewater Energy Services B.V in bidding for an offshore LNG FSRU opportunity with 's national oil company, PetroSA. Golar and Bluewater will be equal partners in a joint venture formed specifically for this opportunity. Additionally, and in conjunction with this bid, Golar and Bluewater have agreed to acquire the 1977 built Moss type 126,000 m3 LNG Carrier, Hoegh Gandria. The vessel is intended to be used as the converted offshore FSRU.
Sinopacific Shipbuilding Group to team up with event organizer The Oriental Pro-Energy Consulting Organization (Topco). Sinopacific announce its cooperation with the leading event organizer The Oriental Pro-Energy Consulting Organization (Topco) to jointly present at the Offshore Support Vessel World Forum (OSV World 2012) in Shanghai China on 11-12 Sep 2012. The event, event, supported by Sinopacific, Shanghai International Shipping Institute, UCIBN, LTI Steel Wire Rope, GL, MARIC
Ferguson Group Singapore, specialists in the rental of containers, refrigeration/chiller containers, accommodation modules and engineering modules to the offshore energy industry, announces a new 6-meter accommodation module to its fleet at the 14th Asian Oil, Gas and Petrochemical Engineering (OGA) Exhibition and conference in Malaysia from June 5, 2013. Attendees will have the opportunity to meet with members from Ferguson Group Singapore to learn more about the new 6m
Exxon Mobil Corporation announced the completion of the $2-billion Sable Offshore Energy Project off the coast of Nova Scotia, Canada, with the delivery of the first sales gas into the Maritimes & Northeast Pipeline. The project consists of three offshore platforms, a 125-mile subsea pipeline, natural gas-processing and fractionation plants and a 650-mile gas sales pipeline to New England, and is consistent with ExxonMobil's strategy of increasing gas and liquids production and expanding
Friede Goldman Halter, Inc. announced that the purchaser has completed financing arrangements for the sale of its Friede Goldman Offshore division based in Pascagoula, Mississippi. On November 15, Friede Goldman Halter, Inc. (FGH) entered into a definitive contract to sell the assets of its Offshore division to ACON Offshore Partners LP, a Delaware limited partnership and an affiliate of ACON Investments, in a transaction valued at approximately $61 million (USD)
Statoil, Chevron Canada and Repsol E&P Canada have been named the successful bidders for exploration rights on two land parcels in the Flemish Pass Basin, offshore Newfoundland and Labrador, Canada. This was the result of a land sale issued by the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB). The land parcels are located west of Statoil’s Mizzen discovery in the Flemish Pass Basin. Statoil will be the operator of both licences with a 50 % interest
Hermes Datacommunications is now providing VSAT services in Yangon, Myanmar for one of the world’s leading Oilfield Service Groups. Hermes Datacomms has installed a stabilised antenna at the customer’s worksite, an offshore rig, and linked it back to Yatanarpon Teleport in Yangon, where the customer has telephone and internet access. The service makes use of Comtech “ACM” technology to provide robust and efficient service within the local tropical climate
Rolls-Royce has a won a contract to design and equip a new offshore support vessel (OSV) for Island Offshore, to be built by shipbuilding group Vard. The platform support vessel (PSV) is a Rolls-Royce design of type UT 776 CD, the second of this type ordered by Island Offshore this year.
Local unemployed people are benefiting from new careers in the offshore wind industry following their completion of a newly developed qualification offered by Maersk Training in Newcastle, designed to help them take advantage of job opportunities in the thriving U.K. offshore wind energy sector
Hercules Offshore, Inc. announced that it has published the November Fleet Status Report. The report includes the Hercules Offshore Rig Fleet Status (as of December 18, 2013), which contains detailed contract information for each of the company's drilling rigs
Increased Internet and remote connectivity to offshore assets has exposed industrial control systems to targeted attacks and vulnerabilities previously obscured. Remote monitoring, remote upgrades, Internet connections and the complexity/criticality of the systems in general on Drillships
As Congress considers extending critical federal incentives for wind energy this month, leaders from the Virginia Offshore Wind Development Authority, the City of Norfolk, and the Virginia Ship Repair Association joined Environment Virginia to detail the economic and environmental benefits of
Marine Propulsion Systems, a business unit of ZF Friedrichshafen AG, shared at the sidelines of Marintec China 2013 that China continues to be a key focus for the company and shared plans to strengthen its footprint in the market. ZF Marine has been in China since 2006 and currently operates a
Mainboard-listed JES International Holdings Limited, a private shipbuilding group based in the PRC, announced that the group has commenced the steel cutting for its first two Platform Support Vessels (PSV) at its shipyard located in Jingjiang City, China.
Registration for the largest-ever Oceanology International (ExCeL London, March 11-13, 2014) is now open at oceanologyinternational.com. With 520 exhibitors from 35 countries taking up over 8,000 m2 net of space, the biennial global forum is where industry
The ‘Whale Park’ complex of oil fields, located just north of Itaipu and Wahoo, offshore Brazil, illustrate the quality of the Brazilian presalt in this area, and here Maersk Oil say they have secured access under legacy terms with significant value potential.
Hercules Offshore, have received a second harsh environment KFELS Super A Class jackup rig, named ‘Hercules Resilience’ from Keppel FELLS, Singapore. Developed by Keppel FELS’ R&D arm, Offshore Technology Development (OTD)
ARI Simulation has delivered a complete suite of integrated offshore simulators to the NUSI Offshore Training Institute (NOTI) in Mumbai, India. The NOTI facility has been created by the National Union of Seafarers of India (NUSI) to support competence development in offshore shipping among its
The board of directors of Euronav NV announced that the company has raised $150 million (USD) via a private placement of a perpetual convertible preferred equity instrument. The instrument will be issued at par and will bear an interest of 6% during the first five years payable annually in
Knut Ørbeck-Nilssen is appointed president in DNV GL Maritime. Ørbeck-Nilssen will take on the role as president from 1 January 2014. He will be member of the Executive Committee and operate out of Hamburg. Tor E. Svensen, CEO DNV GL Maritime
The U.S. Coast Guard hosted the 2013 Spill of National Significance Executive Seminar at its headquarters Monday. As a follow up and identified best practice to the 2012 Spill of National Significance (SONS) Executive Seminar, the Coast Guard hosted the 2013 Executive Seminar to explore
National Ocean Industries Association (NOIA) President Randall Luthi has issued the following statement on the US Department of the Interior's announcement of a proposed wind auction offshore Maryland: "NOIA supports an all-of-the-above approach to meeting our nation’s growing energy