Tag: offshore industry

The European Union will unveil a massive offshore wind construction commitment, designed to take the bloc’s existing 12 gigawatt capacity to 300 gigawatts by 2050.

DNV GL joined forces with TechnipFMC, publishing the oil and gas industry’s first recommended practice (RP) on how to build and quality-assure digital twins, setting a milestone for the sector’s varying approaches to building and operating the technology.

Global major in offshore wind, Ørsted along with the energy player, Bp inked a Letter of Intent (LOI) so as to develop a large-scale renewable hydrogen project at a refinery in north-west Germany.

In an effort to enhance its wind energy capacity five-fold this decade and 25-fold by 2050 and become climate neutral by mid-century, the European Union is considering a new draft energy plan.

Germany is the latest country aiming to make offshore wind its dominant source of energy in the years ahead, keeping up with the global efforts of reducing carbon emissions and environmental impact.

A Rystad Energy analysis of oil production costs has revealed that the average breakeven price for all unsanctioned projects has dropped to around $50 per barrel, down around 10% over the last two years, and 35% since 2014.

U.K. Continental Shelf has recently passed a sobering milestone: oil and gas production will likely never exceed two million barrels of oil equivalent per day again, despite promising exploration results, Rystad Energy reported.

Offshore investments are expected to rebound from 2021 and oil and gas operators will be looking for yards to build new facilities, according to Rystad. 40% of these contracts are expected to be floating production storage and offloading (FPSO) units in the next five years.

DNV GL and Aker BP jointly conducted a pilot project concerning remote inspections on three of their offshore cranes on the Norwegian Continental Shelf. On both installations, crane operators and specialized crane technicians on board the platforms used tablets to take close-up video and pictures based on an agreed checklist of selected safety functions, which were shared with DNV GL’s onshore inspectors.

In an effort to enhance digitalization within the operations,UK Government agreed to invest up to £5.6 million to promote North Angus and Montrose as a clean growth zone where new technologies can be used to improve energy efficiency.