Jan De Nul Orders Another XL Cable Layer
Offshore installation services company Jan De Nul has ordered another XL cable laying vessel (CLV), identical to the Fleeming Jenkin, which boasts âunrivalled cable-carrying capacityâ.Like the Fleeming Jenkin, the vessel will be 215 meters long and can transport 28,000 tonnes of cables.This will make them the largest capacity cable-laying vessels in the world, according to Jan De Nul.Thanks to cutting-edge technology on both vessels, designed by Jan De Nul Group's own specialists, they can lay cables in both shallow and ultra-deep waters up to 3,000 meters.
Nearly $1 Billion Dedicated to US Floating Wind Development
The U.S. departments of Energy (DOE), Interior, Commerce, and Transportation has released a report summarizing their progress toward the goals of the Floating Offshore Wind Shotâą, an interagency initiative to drive U.S. leadership in design, deployment, and manufacturing. The report shows that, since the initiative's launch in September 2022, the Biden-Harris administration has dedicated over $950 million in planning, leasing actions, research, development, demonstration, deploymentâŠ
New Studies Highlight Offshore Wind Energy Potential in the Gulf of Mexico
The Bureau of Ocean Energy Management (BOEM) has released two new studies on offshore wind energy in the Gulf of Mexico.The first study, âGulf of Mexico Offshore Wind Energy Hurricane Risk Assessmentâ analyzed hurricane risk to wind turbines operating in the Gulf of Mexico. This study concluded thatâŻas a minimum, an IECâŻâTyphoon Classâ wind turbineâŻwouldâŻbeâŻneededâŻfor the design ofâŻoffshore windâŻturbines in more hurricane prone areas,âŻsuch asâŻin the Gulf of Mexico.The second study, âAssessment of Offshore Wind Energy Opportunities and Challenges in the U.S.
Empire Wind 1 Gets New York Construction Approval
Norwegian energy company Equinor has received approval from the New York State Public Service Commission to start building its Empire Wind 1 offshore wind farm, Governor Kathy Hochul said on Thursday.Electricity generated from offshore wind farms is important to U.S. and state goals of cutting greenhouse gas emissions.But the industry has been hit this year by inflation, higher interest rates and supply chain delays. In January, Equinor and BP BP.Lterminated their agreement toâŠ
Brunvoll to Equip REM Offshore's Next-Gen Subsea Construction Vessel
Brunvoll has signed a contract with Myklebust Verft shipyard for the delivery of a thruster package to REM Offshoreâs new energy subsea construction vessel (ESCV).The contract is for one vessel with an additional vessel as an option.Brunvoll will deliver a thruster package consisting of two propulsion azimuth thrusters, two retractable azimuth thrusters, and a tunnel thruster.One of the retractable azimuth thrusters is a newly developed and more compact version of Brunvollâs traditional azimuth combi thrustersâŠ
Consortium Wins Tender for France's First Floating Offshore Wind Farm
A consortium including Germany's BayWa r.e.
Van Oord Launches Giant Offshore Wind Installation Vessel
Van Oord has launched its new offshore installation vessel Boreas at the Yantai CIMC Raffles Offshore shipyard in China.The Boreasâ dual fuel engine set is able to run on methanol and is purpose-built for the transport and installation of the next generation foundations and turbines at offshore wind farms.The vessel is expected to be commercially available in 2025, according to Van Oord.Upon completion, the Boreas will be the largest vessel of its kind.The vessel measures 175 meters in length and has a crane with a 155-metre-high boom, able to lift over 3,000 tonnes.
Maryland Sets Course for Offshore Wind Energy Expansion
Maryland Governor Wes Moore signed a bill aimed at reevaluating and potentially revising existing offshore wind project plans, setting the stage for the state's goal of achieving 8,500 megawatts of offshore wind energy capacity by 2031.The bill signed on May 9 will empower the Maryland Public Service Commission (PSC) to open proceedings to evaluate offshore wind projects, including offshore wind renewable energy credit (OREC) pricing.The bill, which facilitates the increase of the maximum amount of ORECs sold under certain conditionsâŠ
Cadeler Wins Wind Turbine Install Work in the Polish Baltic Sea
Danish offshore wind installation company Cadeler reports it has secured vessel reservation agreements with both MFW BaĆtyk II Sp. z.o.o. and MFW BaĆtyk III Sp. z.o.o., each a joint venture project owned 50% by Equinor and 50% by Polenergia.The BaĆtyk 2 and BaĆtyk 3 projects are wind farms situated in the Baltic Sea, approximately 27 and 40 kilometers from the port of Ćeba, respectively. The projects entail the installation of 100 offshore wind turbine generators in the Polish Baltic Sea.
Brunvoll System to Propel Cyan Renewables New SOV
Brunvoll has signed a contract with Vard for the delivery of a comprehensive propulsion and maneuvering system for Cyan Renewables' new Service Operation Vessel (SOV).The vessel will have the first azimuth propulsion thrusters from Brunvoll with an 8-degree tilted propeller and nozzle, for enhanced performance during dynamic positioning operations.The delivery for the new SOV consists of two azimuth propulsion thrusters, two retractable azimuth thrusters, a tunnel thruster, andâŠ
Cyan Renewables, Hyundai to Set Up Offshore Wind Vessel Suply Chain in South Korea
Cyan Renewables, a portfolio company of Seraya Partners, has entered into a strategic collaboration with Hyundai Asset Management to establish a robust vessel supply with strong local content for South Korea's offshore wind market.Cyan Renewables, an international maritime operator specializing in offshore wind support vessels, has signed a memorandum of understanding (MoU) with Hyundai Asset Management to facilitate the strategic investment in South Koreaâs offshore wind supply chain.Under the MoUâŠ
Black & Veatch Completes Feasibility Study for Colombiaâs New LNG Terminal
Black & Veatch has completed a feasibility study for the planned Andes Energy Terminal, a liquefied natural gas (LNG) regasification terminal and power plant.The study assessed site suitability, project design requirements, capital and operating costs, financial viability, financing options, climate resilience, and implementation and construction plans.Beginning with a site assessment that focused on the landscape of the area, regulatory restrictions and accessibility, the studyâŠ
Cadeler Secures Up to $140M in Vessel Agreements with Equinor and Polenergia
Danish offshore wind installation firm Cadeler has secured vessel reservation agreements with Equinor and Polenergia joint ventures MFW BaĆtyk II and MFW BaĆtyk III, marking the first contract between the companies.Both MFW BaĆtyk II and MFW BaĆtyk III are 50% owned by Equinor and 50% by Polenergia.The aggregate potential value of the contracts to be negotiated during the pendency of the vessel reservation agreements is anticipated to fall within the range of $118-140 million.Operations are scheduled to begin in 2027âŠ
Vard to Build Two CSOVs for Taiwanese Client
Norwegian shipbuilder Vard has signed a contract with an undisclosed Taiwanese customer for the design and construction of two Commissioning Service Operation Vessels (CSOVs).The customer has appointed VARD to design and construct two CSOVsâ of VARD 4 39 design.This is a new design from VARD, said to be highly versatile all-round platform for sustainable windfarm support operations both as a service vessel for the wind farms and for the building and installation phase.The first vessel will be builtâŠ
Japanâs First Offshore Solar Demonstrator Hits Water in Tokyo
Dutch-Norwegian floating solar company SolarDuck, in collaboration with Japanese partners, has completed the installation of Japanâs first offshore floating solar demonstrator which will be used to power electric vehicles and boats.Together with its project partners Tokyu Land Corporation, Kyocera Communication Systems Corporation and Everblue Technologies, SolarDuck launched the demonstration of its offshore floating solar unit as part of the Tokyo Bay eSG project.The demonstration will showcase the production of renewable energy from the offshore floating solar unitâŠ
QatarEnergy and Nakilat Sign Long-Term Agreement for Nine QC-Max LNG Vessels
QatarEnergy has signed a long-term agreement with Qatar Gas Transport Company Limited (Nakilat), under which Nakilat will own and operate nine QC-Max class LNG vessels, the largest LNG vessels ever built.The nine QC-Max vessels, with a capacity of 271,000 cubic meters each, constitute half of the 18 advanced QC-Max class LNG vessels that will be constructed at Chinaâs Hudong-Zhonghua Shipyard.To date, QatarEnergyâs fleet expansion program encompassed the execution of shipbuilding contracts and time charter agreements for 104 conventional LNG vessels and 18 QC-Max class LNG vesselsâŠ
McDermottâs Subsidiary Grabs Marsa LNG Job Worth Up To $250M
CB&I, a wholly owned subsidiary of McDermott, has been awarded a significant contract by TotalEnergies and OQ joint venture for the engineering, procurement, construction (EPC) of a full containment concrete liquefied natural gas (LNG) storage tank, located in Oman's Port of Sohar.Under the contract, awarded by Marsa Liquefied Natural Gas, CB&I will provide turnkey EPC services for a 165,000m3 full containment concrete LNG storage tank and associated piping to grade.Project delivery will be executed in OmanâŠ
Vard Selects TMC to Equip Prysmianâs Newbuild Cable Laying Vessel
Norwegian shipbuilder Vard has hired TMC Compressors (TMC) to supply a complete marine compressed air system to a newbuild cable laying vessel being built for Prysmian.Under the contract, whose value was not disclosed, TMC will deliver a marine compressed air system consisting of control and service air compressors to the vessel.The company will manufacture the equipment in the Nordic region and deliver it to one of Vardâs shipyards in Norway.âThis modern cable laying vessel will have a number of innovative features to enable sustainable subsea operations.
Bluestone to Supervise Construction of Prysmian's Two New Cable Layers
Bluestone Group, a maritime technical services company, has secured a contract for plan approval and site supervision of two new cutting-edge cable-laying vessels operated by Prysmian.The two new cable-laying vessels, the first of which is under construction and the second under design, will reinforce Prysmianâs submarine project execution capabilities.The first vessel, which will be an evolution of Prysmianâs preceding vessel, Monna Lisa, is being built by the VARD Group, a subsidiary of the Fincantieri Group.With a length of approximately 190 meters and a breadth of about 34 metersâŠ
CMM Secures Funding to Facilitate Construction of Ethanol-Powered PSV Fleet
Compagnie Maritime Monegasque (CMM) has secured $94 million in financing from Summit Ridge Capital Partners, which will help the company construct pioneering ethanol-powered fleet of Platform Supply Vessels (PSVs) in Brazil.The financing will enable CMM to recompose its shareholder structure and to expand its fleet, the company said. Panorama Capital Partners sourced and advised on the transaction, and participated as a co-investor.As part of this expansion, CMM will construct pioneering ethanol powered PSV fleet in Brazil.
DNV to Publish New Offshore Rules and Standards in July
Classification society DNV said it is set to publish its new set of rules and standards for the offshore industry.The new rules, which cover several segments, including underwater systems and installations, offshore units, diving systems, structural design, and drilling systems, will be published in July and enter into force on January 1, 2025. They have been developed with extensive industry feedback, undergoing an external hearing process before their publication and entry into force.âThe offshore sector is one of the most innovative in the worldâŠ
Sapura Energy Lands $1.8B Petrobras Deal for Six Pipelaying Vessels and Subsea Services
Malaysia-based offshore services firm Sapura Energy has through its joint venture companies secured $1.8 billion worth of contracts with Brazilâs state-owned energy giant Petrobras for the provision of subsea services and six pipe-laying support vessels (PLSVs).Sapura Energy has through the joint ventures owned by Seabras Sapura Holding and Seabras Sapura Participações, in collaboration with Paratus Energy Services, secured contracts for its full fleet of six multi-purpose PLSVs as part of a competitive tender process run by Petrobras.Sapura EnergyâŠ
Escalated Middle East Conflict Could Hike Oil Price to $150/barrel, Bloomberg Finds
So far, the Israel-Hamas conflict has had limited impact on the global economy. However, an escalation to a direct war between Israel and Iran, could result in oil prices rising to $150 a barrel and global output cut by $1 trillion, according to a new analysis by Bloomberg Intelligence (BI) and Bloomberg Economics (BE).The new study from BI and BE â Middle East Energy Scenarios â looks in detail at four broad scenarios and their potential impact on global GDP and inflation, from a sustained ceasefire to a confined conflictâŠ
