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.
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
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.
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
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
Cape Wind selects construction joint venture team to build first US offshore windfarm Cape Wind has selected the joint venture team of Flatiron Construction Corp., Cal Dive International, Inc., and Cashman Equipment Corp. as its construction contractor to build America’s first offshore wind farm in Nantucket Sound. Cape Wind President Jim Gordon said, “We are confident this is the right team with the best skills and capabilities to successfully build Cape Wind and create
The Hebron field development offshore Newfoundland and Labrador was sanctioned by operator ExxonMobil and its co-venturers. Located approximately 350 km offshore Newfoundland, the Hebron platform will be a concrete Gravity Based Structure (GBS) in 95 meters water depth. The Hebron field is estimated to produce more than 700 million barrels of oil. The platform is being designed for an oil production rate of 150,000 barrels of oil per day.
First Minister of Scotland, Alex Salmond, officially opened subsea installation contractor Bibby Offshore’s new purpose-built headquarters, Atmosphere One. The company recently relocated from Aberdeen Harbour to the new office facility at Prospect Park, Westhill, to provide Bibby Offshore with the additional capacity necessary to support its significant increase in staff numbers and services, as Bibby Offshore’s operations expand both in the U.K. and internationally.
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
Norvestor VI, L.P., a fund advised by Norvestor Equity AS, announced it has signed an agreement to invest in Ing Per Gjerdrum AS including its subsidiaries PG Hydraulics AS and PG Construction AS. The transaction is expected to close end of October 2014
Offshore Inland Marine & Oilfield Services, Inc. (OIMO), a company in topside and riding crew repair services, announced the appointment of a new executive to the company’s leadership team – Nick Fuller, Director, Business Development.
Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) celebrated the naming and delivery of its third L Class PSV vessel, Pacific Legend in Kyoto, Japan on Tuesday, 30 September 2014. Graced by Lady Sponsor, Amanda Butt
SGX Mainboard-listed Swissco Holdings Limited an integrated, international marine services provider, today announced having completed the acquisition of four additional mobile offshore drilling units, bringing the fleet of rigs to eight. As announced on 15 August 2014 on the Singapore Exchange
The Joint Shipping Initiative - made up of Shell, BP, Maersk, Stena and Japanese shipping companies NYK, MOL and "K" Line - has announced it has given$1.5 million of additional funds to a United Nations Development Program (UNDP) project to improve the lives of Somalis and security for
DNV GL, the world’s largest resource of independent energy experts today share the findings of its latest report “Offshore wind: a manifesto for cost reduction” at WindEnergy Hamburg 2014. Industry action on reducing offshore wind costs is widely regarded as essential
BHP Billiton and Petroleos Mexicanos (Pemex) today signed a memorandum of understanding and cooperation (MOU) to exchange technical knowledge, information, experiences and practices in activities related to the oil and gas industry.
The German Shipyard Flensburger Schiffbau-Gesellschaft (FSG) informs that it has a new owner: the Norwegian controlled Siem Industries will take over command of the shipyard, including all its employees. Peter Sierk and Frank Bywater, the two Managing Directors of FSG
Britain's energy ministry on Friday approved the expansion of Dong Energy's Burbo Bank offshore wind farm in the Liverpool Bay of northwest England, paving the way for the Danish company to build on its leading position in the UK market. Britain's Secretary of State for Energy and Climate
Bibby Offshore, a provider of subsea installation, inspection, repair and maintenance services to the offshore oil and gas industry, has been recognized at the 2014 Northern Star Business Awards winning in the categories Commitment to People Development and Outstanding Contribution to the Energy
AKOFS Offshore, a part of Akastor ASA, has been notified of a five-year contract extension from Petrobras to use the Skandi Santos, a Subsea Equipment Support Vessel in Brazil. The extension, worth about NOK 2.5 billion, will start March 1, 2015 in direct continuation of current contract
For its efforts to promote young employee development, marine insurer GARD has been awarded the 2014 YoungShip Young Corporation Award. The shipping industry is acknowledged as one of Norway’s key strategic industries. If shipping is to stay ahead in global competition
Ballast water treatment (BWT) specialist Optimarin says over 50% of its system orders now placed for PSVs, AHTS and associated, advanced service vessels. According to CEO Tore Andersen, the last six months alone have seen 16 new agreements signed
The mission of the Lawrence Livermore National Laboratory (LLNL) is to strengthen United States’ security through development and application of world-class science and technology. LLNL seeks to enhance the nation’s defense; reduce the global threat from terrorism and weapons of mass
EMAS Offshore boosts profile amongst international investment community by providing Asian platform for growth; Singapore public offer opens at 6.00 p.m. today and closes at 12.00 noon on 2 Oct 2014. EMAS Offshore Limited (“EMAS Offshore”