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Exxon Proposing to Build Supply Base for Guyana Project
Exxon Mobil Corp outlined a major new investment in Guyana amid government calls for delivering economic benefits to residents from deepwater oil and gas discoveries helping turn the South American nation into an oil powerhouse.A coming onshore supply base will expand jobs and boost local fabrication for future projects starting with its fourth production unit, Exxon's president for Guyana Alistair Routledge said in remarks late Thursday.
Offshore Renewable Energy: A Port Puzzle for Floating Offshore Wind
After being very much on the margins of the offshore wind industry, floating offshore wind now appears to be ready to hit the mainstream. With gigawatt scale developments already on the horizon, what will the infrastructure needed to build and support them look like? Over the past 12 months, the floating offshore wind sector appears to have had a major dose of adrenaline. While the largest development…
SBM Offshore to Build Fourth FPSO for Exxon in Guyana
Dutch FPSO specialist SBM Offshore has won contracts to perform Front End Engineering and Design (FEED) for an FPSO for Exxon's Yellowtail development offshore Guyana. This will be SBM Offshore's largest-ever FPSO.The FEED contract for what will be Guyana's fourth FPSO, and fourth delivered by SBM Offshore, triggers the initial release of funds by ExxonMobil to begin FEED activities and secure a Fast4Ward hull.
Report: Exxon, SBM Offshore in Talks to Build Fourth FPSO for Guyana
Exxon Mobil is in discussions with Dutch contractor SBM Offshore NV to build a fourth multibillion-dollar production unit to develop its Guyana oil discoveries, two people close to the negotiations said.The talks include the potential for some future platform assembly in Guyana, the people said. Guyana hopes to develop an oil industry infrastructure to boost the economy and job growth. Officials are…
Racing for 30GW—and a Piece of the US Offshore Wind Pie
“30 by 30” is the rallying cry for all concerned with the burgeoning U.S. offshore wind business. In Spring 2021, the Secretaries of Energy, Interior and Commerce resolved to deploy 30 gigawatts (GW) of electricity generated from offshore turbines by 2030. Consultants McKinsey, in a recent article frame the value proposition for this clean fuel source, writing: “During the industry’s 30-year evolution…
Maersk Supply Service Nets One-year Vessel Charter Extension in Angola
Danish offshore vessel operator Maersk Supply Service has secured a one-year contract extension for one of its subsea support vessels in Angola.In a social media post on Monday…
Fairplay Towage Order Ice-class Workboat from Damen
Fairplay Towage Polska has ordered a Shoalbuster 2711 ICE vessel from the standardized workboat portfolio of the Netherlands-based Damen Shipyards Group. The company will use the newbuild to perform Designed with extremely shallow draft capability, large cargo capacity and 45 tonne bollard pull, the vessel will be built in Poland and used for diverse operations, including in the offshore wind industry…
Shipbuilding: International WTIV Market Represents a $14B Opportunity
As of end-June 2021, more than 100 turbine and foundation installation and maintenance vessels will be required for offshore wind projects planned over this decade.More than 100 turbine and foundation installation and maintenance vessels will be required for offshore wind projects planned over this decade. Almost all of the current fleet of international wind turbine installation vessels will be technically…
Industry's First: North Star to Order Hybrid Daughter Craft for Offshore Wind Support
UK-focused offshore wind vessel operator North Star Renewables said Tuesday it would order the world’s first hybrid daughter craft vessels to support the offshore wind market.The company, established earlier this year as an offshore wind-focused business of the ERRV-firm North Star, has $375 million worth of contracts in hand to deliver three service operation vessels (SOVs) to be used on what will be the world’s largest offshore wind farm, the 3.6GW Dogger Bank Wind Farm in the UK North Sea.
FPSO Demand Booming: 10 Units Expected to Be Ordered in 2022
More FPSO contracts were awarded in the second quarter of 2021 than during the whole of 2020, with Rystad Energy expecting FPSO awards to reach a total of 10 units in 2021. Rystad has also noted muted interest from suppliers for some recent FPSO tenders, citing a nearly full capacity with several suppliers unable to take on new projects.Further, Rystad sees another 10 FPSO orders in 2022, which will…
Triumph Subsea Terminates Offshore Wind Vessel Deal with Infrastrata
Triumph Subsea Services said Thursday it had formally canceled the Letter of Intent that was issued to Infrastrata in December 2020, for the construction of an offshore wind development vessel and said it didn't want to build any vessels with InfraStrata and or any of its shipyards.The two companies had signed the Letter of intent for one firm and one optional ST designed 200m x 35m Windfarm Development Vessels (WDV)…
Headwinds: Offshore Wind will Take Years to Carry Factory Jobs to U.S.
When U.S. President Joe Biden’s administration approved the country’s first major offshore wind farm this month, it billed the move as the start of a new clean energy industry that by the end of the decade will create over 75,000 U.S. jobs.Industry executives and analysts do not contest that claim, but they make a clarification: For the first several years at least, most of the manufacturing jobs stemming from the U.S.
Petrobras Orders Seventh FPSO for Buzios Field
Brazilian oil company Petrobras has ordered an FPSO from Singapore's Keppel Shipyard, in what will be the seventh FPSO unit installed in the Búzios field, in the Santos Basin.The FPSO, to be named P-78, will have a processing capacity of 180 thousand barrels of oil per day and 7.2 million cubic meters of gas per day. Keppel is expected to deliver the FPSO in late 2024. Keppel said that the value of the order was $2.3 billion.Keppel O&M will build the topside modules weighing 43…
A Favorable Fetch for US Offshore Wind
Offshore wind caught a favorable gust with the 2020 election of Joe Biden, and the following breeze from the early 2021 reconfiguration of the U.S. Senate toward Democrats. Though widely touted as a growth engine for maritime businesses (as well as shoreside trades), the latter years of the Trump administration seemed to see delay after delay.The class society DNV has been involved in offshore wind since its outset in the early 1990s…
Northstar Partners with Laredo Offshore to Support US Offshore Wind
New Jersey-based Northstar Marine announced Wednesday it is gearing up to support emerging offshore wind development projects in the Northeast U.S., having recently acquired a pair of specialized support vessels and formed a partnership with with Laredo Offshore Services, based in Belle Chasse, La.The marine services provider announced Wednesday it has acquired a 145-foot class liftboat, the Northstar Voyager…
Taiwan: Keel Laying Ceremony Held for Offshore Wind Installation Vessel Green Jade
An official keel-laying ceremony for the offshore wind installation vessel ‘Green Jade’ was held Friday at CSBC’s shipyard in Kaohsiung, marking an important moment in Taiwan’s maritime and offshore wind history.‘Green Jade’ is owned by CDWE, a joint venture between CSBC, the largest shipbuilder in Taiwan and DEME Offshore.The vessel is the first floating, DP3 heavy lift and installation vessel to be built in Taiwan.
MARKET: Why Don’t OSVs Get Scrapped?
The OSV sector will be reliant on a hitherto unseen amount of scrapping to balance the market, writes Gregory Brown, Associate Director – Offshore, Maritime Strategies InternationalThere is a consensus that an OSV market recovery will only be driven a supply side rationalization. As well as a lack of newbuild activity, that rationalization will have to include unprecedented levels of scrapping in a…
Market Report: FPSOs ... Charting the Path Ahead
COVID-19 will continue to skew the floating production systems market for the coming 24 months, while buying power for a large portion of FPSO contracts will be centered in Brazil and Guyana/Suriname. These two areas are expected to account for more than 60% of the FPSO contracts awarded between 2021 and 2025.These are the findings shared in a recent floating production outlook report produced by International…
Offshore Wind: Things are Getting Bigger
The global offshore wind industry has been picking up pace unabated by the global pandemic, with industry investments growing and offshore wind turbine makers competing on who'll build a larger turbine. With offshore wind turbines, bigger is better, Rystad said recently.Wind turbine manufacturer Siemens Gamesa in May 2020 announced it was working on developing wind turbines with up to 15MW capacity and a 222-meter rotor - the world's largest in the making.
Fuel, Propulsion, Emissions & the Decision to Scrap or Refit
When the maritime history books are written, 2020 will be viewed as a year of pivots, re-invention and new paradigms. By February 2020, concerns about marine fuel’s sulfur content quickly shifted to near-term disruptions induced by the COVID-19 pandemic. By mid-year, with demand recovering, the conversation turned to longer term questions surrounding the moves towards reduced maritime carbon emissions and alternative fuels.