Babcock & Brown to Acquire Bluewater Wind
International investment firm Babcock & Brown (ASX: BNB - News), announced it has entered into a definitive agreement to acquire Bluewater Wind Delaware LLC and its parent holding companies, including Bluewater Offshore Holdings LLC and Bluewater Wind Holdings, LLC, in an effort to expand its portfolio of wind energy projects and contribute to its goal of developing offshore wind. Hunter Armistead, head of Babcock & Brown's North American Energy Development Group added that Bluewater will continue with negotiations with Delmarva Power toward executing a Power Purchase Agreement (PPA), in a process that is being overseen by the Delaware Public Service Commission and three state agencies. [Source: PRNewswire]
New Offshore Wind Project Launched in China
The Belgian dredging, environmental and marine engineering group DEME and China COSCO Shipping – the largest shipping company in the world – have formed a joint venture to develop offshore wind energy in China. The cooperation is in line with the Chinese climate vision and its aim to develop renewable energy, both of which were recently incorporated in the 13th Five-Year Plan (2016-2020) for social and economic development. The Chinese government wishes to increase the installed capacity of offshore wind energy significantly by 2020. As the largest shipping company in the world, China COSCO Shipping said it seeks to enter this new market segment and has found a partner in DEME's subsidiary GeoSea, with its experience in developing, building and maintaining offshore wind farms.
Association Says Korean Shipyards to Stay Ahead with Offshore Facilities
Shipyards of South Korea, are set to make efforts to develop offshore facilities in a bid to stay ahead of the field despite hot pursuit from rivals in Japan and China, an industry association said. Chief executives of the top three shipyards -- Hyundai Heavy Industries Co., Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. -- have decided in a recent meeting to expand exports in the industry's maritime facilities business to $10b by 2015 compared from the current $800 million, the Korea Shipbuilders' Association said. Source: Yonhap
Centrica, Dong Form Wind-Farm Venture for Irish Sea Projects
Centrica Plc. and Dong Energy A/S said that they had formed a joint venture to develop offshore wind farms in the Round 3 Irish Sea Zone. Dong Energy will pay Centrica as much as 40 million pounds in cash for a 50 percent interest in the venture, according to a regulatory statement today. (Bloomberg)
US Offshore Wind Survey Contract for Fugro Atlantic
Fugro Atlantic to undertake a geological and geophysical survey for the Virginia Wind Energy Area for the Commonwealth of Virginia. The survey area covers over 45,000ha in the Atlantic Outer Continental Shelf and is seen to be a key step forward in developing offshore energy supplies in the region. Fugro Atlantic vice president Tom McNeilan, indicated that the Atlantic Outer Continental Shelf has never been developed for energy purposes and there is little record of how installed structures have performed and only basic knowledge of the character of the seafloor and sub-surface is available. Fugro’s successful execution of detailed geotechnical and geophysical investigations for the Cape Wind project in Nantucket Sound…
China Cosco, DEME in Offshore Wind Deal
The Belgian dredging, environmental and marine engineering group DEME Group and Chinese COSCO Shipping have officially embarked on a joint journey to develop offshore wind energy in China, under an umbrella agreement signed on 31 October, following the two companies’ joint venture announcement in May. DEME and China COSCO Shipping are both market leaders in their sectors and have found one another in the COSCOCS - DEME joint venture active in offshore wind energy in China. As the largest shipping company in the world…
V.Ships Company to Develop Offshore Industry Markets
The V.Ships Group has formed a new company to further develop its involvement in the offshore industry worldwide. V.Ships Offshore has recently established an office in Aberdeen, with the appointment of Graham Robson as Director. His international experience in management, business development and operations in the upstream sector includes 23 years with the offshore industry’s largest vessel operator, Tidewater Marine, latterly as Manager, International Marketing, in New Orleans. The Group’s offshore industry involvement will include a range of management and crew services for FPSOs, shuttle tankers, drillings rigs, supply ships, specialist and multi-purpose support vessels, and cable layers.
UK Shipyard Delivers Windfarm Support Vessel
Alicat Workboats, of Great Yarmouth, delivers its latest catamaran workboat 'Dalby Trent' to Dalby Offshore. Continuing the long history of shipbuilding in Great Yarmouth, Alicat Workboats based on Southtown Road and part of the Gardline group, formally hands over its latest aluminium built wind farm support vessel to Dalby Offshore. The Dalby Trent is the third Alicat to be delivered to Dalby Offshore, and Stuart McNiven, its Managing Director watched as his youngest daughter…
Multi-National Consortium to Construct Russian Far East Shipyard
Russia's Rosneft, Gazprombank, Sovcomflot with Korean shipbuilding company Daewoo Shipbuilding & Marine Engineering Co. (DSME) have signed a Memorandum of Understanding (MOU) on key terms of co-operation to establish a shipbuilding and industrial cluster in the southern part of Primorskiy Krai (Russian Far East). The parties agreed to jointly complete the construction and launch a new shipyard – shipbuilding complex Zvezda – in 2016, to establish a Russian-Korean engineering center for shipbuilding and marine equipment for offshore projects. The companies also agreed key terms for technology exchange, localization of production and contracts placement.
Izar Fene Shipyard and Itsazi Develop Offshore Unit
Izar Fene Shipyard in collaboration with Itsazi Aquaculture has developed an OffShore unit for the breeding, fattening and transport of the bluefin tuna (Thunnus Thynuus). This unit sails at 8 knots, and is able to transport living tunas from the Mediterranean to Japan. The proposed concept, combines a unique fish farming facility with a modern marine design to produce an offshore unit capable of purchasing young Tuna Fish in the selling centres, fattening of 1200 t of Tuna fish in nine months in hot water areas improving the efficiency of the growing process and travel to the fish markets delivering the fish at best prices.
Offshore Oilfield Development Could Enjoy Tax Breaks
Companies developing offshore oil deposits could enjoy tax breaks, Russia's president said Wednesday. The tax breaks proposal came from Sergei Bogdanchikov, head of state-controlled producer Rosneft, who said the idea had been approved by the Industry and Energy Ministry and backed by the economics ministry, but that no final decision had been made. Russia, heavily dependent on revenues from oil and gas exports, is in need of new deposits to meet its obligations under new ambitious projects to supply oil to Pacific Rim countries, as well as Europe and the United States via the Balkans. Bogdanchikov said Russia would increase the production of oil at its offshore deposits five-fold, to 80-85 million metric tons (about 624.7 million bbl), by 2015.
Prelude Floating LNG Facility
Shell signed two contracts with the Technip and Samsung Heavy Industries consortium for the Prelude floating liquefied natural gas (LNG) project off the coast of Western Australia. These contracts formalize the announcement made by Shell in October 2009 that Prelude is in the engineering and design phase of development. The first contract covers the front-end engineering design (FEED) elements specific to the Prelude project, taking into account the composition of the gas, local weather conditions and other site specific factors. The second contract details the terms under which the floating LNG facility would be built, if the final investment decision for the Prelude project is made. Planning for Prelude is progressing well.
Wärtsilä Selected Best Supplier by CNOOC
Wärtsilä received an award for supplier excellence from CNOOC, the China National Offshore Oil Corporation. After internal evaluation by project management teams, 28 Chinese and international vendors participating in nine of CNOOC's major projects were honored. Wärtsilä is involved in four of these projects. This was the first time that CNOOC had arranged such an event to recognize its best suppliers, and the awards were presented at a ceremony held in Beijing. The project for which Wärtsilä received the award involves the construction and commissioning of the deepwater pipe-laying and crane vessel named Hai Yang Shi You 201 (HYSY 201). The vessel will be used in the construction and installation of infrastructure needed to develop offshore deepwater oil & gas fields worldwide.
Initiative Launched to Reduce Costs of Offshore Wind Parks
Achieving the Finnish windpower target by 2020 (6 TWh, approx. 2500 MW installed capacity) requires the implementation of several major offshore wind parks. The recently approved production tariff is not sufficient for implementation of offshore wind parks at the present cost level, and thus costs need to be reduced. Together with their customers, STX Finland, Meriaura and Hafmex have launched a ‘design-to-cost’ project, that seeks to significantly reduce the lifecycle costs of offshore wind parks. Demand for electricity is expected to grow in the coming years, at same time that prices are expected to increase. After Italy, Finland is the second largest net importer of electricity within the EU…
Russia Cancels Offshore Drilling Rig Import Duties
Reuters reported that Russia has abolished for two years import duties and customs taxes for offshore drilling rigs temporarily imported to Russia for exploration work, the government said on Tuesday. The measure is the first step toward a long-discussed reduction of taxes for energy companies exploring offshore fields, which are expected to contain massive oil and gas reserves but are more expensive to develop than onshore fields. The government said it had cancelled customs duties and taxes for offshore rigs to be rented by a Russian citizen from a foreign owner for five months. The government has also been discussing the idea of mineral…
India’s Potential in Offshore Wind Power
The Global Wind Energy Council (GWEC) launched a new report: “Supply Chain, Port Infrastructure and Logistics Study” for offshore wind development in the states of Gujarat and Tamil Nadu in India. This study is a significant step forward in preparing a roadmap for offshore wind power in India by the GWEC led FOWIND consortium. The key supply chain elements of the offshore wind sector are assessed along with a preliminary evaluation of companies entering the offshore wind sector.
Maersk Partners With Apex for North American Wind Energy
Maersk Line, Limited and Apex Offshore Wind Energy Partner to Bring Offshore Wind Energy to North America. Apex Offshore Wind, LLC and Maersk Line, Limited today announced that they have established a working relationship to support the development, financing and construction of utility-scale offshore wind energy facilities in North America. Maersk Line, Limited (MLL) is a subsidiary of A.P. Moller-Maersk, a global corporation with a long history of successful operation in offshore energy. MLL has decided to partner with a reputable offshore wind energy firm to collaborate on the development of potential wind energy projects. MLL views…
GL Garrad Hassan Winner of Two DOE Grants
Hamburg, Germany – GL Garrad Hassan, part of the GL Group, has been awarded grants by the US Department of Energy (DOE) of $500,000 and $200,000 to fund two studies to identify optimal strategies for the installation, operation, and maintenance of offshore wind farms and to assess the readiness of US ports to meet the needs of the industry. To meet the renewable energy targets of the next century, offshore wind projects hold great promise with steady, strong winds, abundant space and low impacts. These benefits are not without their challenges, however, as developing offshore wind power projects requires significant investment, expertise and a reliable knowledge base.
Denmark, US to Partner on Offshore Wind
Denmark and the United States have signed a memorandum to strengthen cooperation on offshore wind energy projects, the U.S. Bureau of Ocean Energy Management (BOEM) announced. On May 4, 2016 at the Embassy of Denmark in Washington, D.C., Danish Ambassador Lars Gert Lose and BOEM Director Abigail Ross Hopper signed a Memorandum of Understanding (MOU) to recognize their countries' common interests in developing offshore wind as a clean and sustainable energy source. “This is a historic event for our respective countries as we work together to share knowledge…
China COSCO Moving to Offshore Winds
China COSCO Shipping, which uses bulk carriers and container vessels to transport goods, has seen its cargo business decline amid China's slowdown and has decided to get into the offshore wind power generation business, reports Nikkei. Recently, the Belgian dredging, environmental and marine engineering group DEME DEME and China COSCO have formed a joint venture to develop offshore wind energy in China. As the largest shipping company in the world, China COSCO Shipping wishes to enter this new market segment and has found a partner in DEME's subsidiary GeoSea…
Severn Provider Ready for Offshore Markets
The naming ceremony took place today for Severn Offshore Services Ltd.’s new multipurpose wind farm vessel, Severn Provider, built at Damen Shipyards Gorinchem in the Netherlands. Following sea trials next week, the Damen FCS 2610 will be available for charter based out of Rotterdam. UK-based Severn Offshore Services owns and operates a growing fleet of offshore crew transfer vessels, mainly in the European offshore wind sector. Severn Offshore Services puts a particularly strong focus on safety, so it was important that Damen could integrate key specifications into the design.
Offshore Wind: BOEM Fields Pair of Unsolicited Bids
BOEM has received unsolicited lease requests from two companies seeking to develop offshore wind energy on the Outer Continental Shelf (OCS). These requests are for areas located offshore New York and Massachusetts and are not in response to a formal call for interest. BOEM has finished its review of the unsolicited lease requests and deemed the requests complete. Moreover, BOEM has reviewed the applicants' qualification materials and determined that the applicants are legally, technically, and financially qualified to pursue offshore wind energy leases.
Offshore W. Africa Drilling Contract
Elenilto, with state oil company Petrosen, awarded Production Sharing Contract (PSC) by the Government of the Republic of Senegal. The contract is to develop the prospective Senegal Offshore Sud Shallow Oil block. Elenilto will be the operator of the block and Petrosen will have minority participation interest in the project. The block is 7,920 sq km and is located in Southern Senegal Casamance offshore basin. Oil Resources volumetric assessment based on reprocessed 2D seismic coverage indicates potential of 500-800 million barrels of oil in first priority leads. Other deeper possibilities are highly likely and will be explored by Elenilto, who have selected two areas of interest as first priority for immediate further exploration and they intend to begin the 3D seismic survey shortly.