Tag: offshore industry

Amid the COVID-19 pandemic and the negative affects that has brought for the economy, the Norwegian-based engineering company, Kvaerner is setting precautions  so as to reduce any negative influence of the virus upon ongoing projects and future business opportunities.

Rystad Energy estimates that the decision taken by the Papua New Guinea (PNG) to halt the talks with ExxonMobil about the state’s share of revenues from the planned P’nyang gas field development is expected to delay two key LNG projects that would double the country’s gas output.

Copenhagen Infrastructure Partners (CIP) announced that reached financial close for the 589 MW offshore wind project's establishment in the coast of Changhua County, Taiwan. In fact, the Changfang and Xidao wind farm will be powered by 62 of MHI Vestas 9.5MW turbines and are expected to begin operations in early 2024.

DNV GL along with MSC Software shake their hands and partnered in order to advance the productivity performance of engineers who are using the DNV GL's Sesam to design ships and offshore structures.

According to Bloomberg, the Japanese power company Tohoku Electric Power Co. plans to fund offshore wind projects with a landmark sale of green bonds in order to give a boost to the region's environmentally friendly investments.

The German Institute for Wind Energy Systems, Fraunhofer IWES recently informed its development of a mobile grid simulator which goals to advance the integration of offshore wind farms into the grid. Namely, the Mobil-Grid-CoP test facility aims to verify current and future grid system services.

According to the WindEurope, during 2019 a 15% of the electricity in Europe was provided through the wind energy. Although, the current rate of installation is not enough so as to deliver the Green Deal.

As Reuters recently reported, following the federal permitting delays, the Vineyard Wind 1 Project will not be ready for operations in 2022, missing the target to send power to Massachussets. Specifically, the final permits of the project are estimated to be issued almost a year and a half after its previous target of August 2019. 

The Norwegian energy research and consultancy firm Rystad Energy reported that according to its estimations the demand from the world's top oil companies for floating drilling units will increase through 2020 and 2021.