Tag: offshore industry

Amid COVID-19 situation, the International Marine Contractors Association (IMCA) urges IMO to support its recommendation for Governments concerning the movement of offshore personnel during the pandemic. 

Amid COVID-19 crisis and the negative impacts that has brought, Diamond Offshore Drilling Inc. filed for bankruptcy following the unprecedented crash in crude prices that's affecting demand for oil exploration at sea, as Bloomberg reported.

Amid COVID-19 crisis and the negative impacts that has brought, Diamond Offshore Drilling Inc. filed for bankruptcy following the unprecedented crash in crude prices that's affecting demand for oil exploration at sea, as Bloomberg reported.

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.