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 Offshore’s 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 Brunvoll’s traditional azimuth combi thrusters…
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 Boreas’ 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 conditions…
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 Bałtyk II Sp. z.o.o. and MFW Bałtyk III Sp. z.o.o., each a joint venture project owned 50% by Equinor and 50% by Polenergia.The Bałtyk 2 and Bałtyk 3 projects are wind farms situated in the Baltic Sea, approximately 27 and 40 kilometers from the port of Łeba, 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, and…
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 Korea’s offshore wind supply chain.Under the MoU…
Black & Veatch Completes Feasibility Study for Colombia’s 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 study…
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 Bałtyk II and MFW Bałtyk III, marking the first contract between the companies.Both MFW Bałtyk II and MFW Bałtyk 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 2027…
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 CSOVs’ 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 built…
Japan’s First Offshore Solar Demonstrator Hits Water in Tokyo
Dutch-Norwegian floating solar company SolarDuck, in collaboration with Japanese partners, has completed the installation of Japan’s 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 unit…
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 China’s Hudong-Zhonghua Shipyard.To date, QatarEnergy’s fleet expansion program encompassed the execution of shipbuilding contracts and time charter agreements for 104 conventional LNG vessels and 18 QC-Max class LNG vessels…
McDermott’s 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 Oman…
Vard Selects TMC to Equip Prysmian’s 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 Vard’s shipyards in Norway.“This 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 Prysmian’s submarine project execution capabilities.The first vessel, which will be an evolution of Prysmian’s 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 meters…
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.“The offshore sector is one of the most innovative in the world…
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 Brazil’s 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 Energy…
US Proposes Offshore Wind Auctions Off Oregon and Maine Coasts
The Biden administration on Tuesday unveiled a plan to sell offshore wind leases in waters off the coasts of Maine and Oregon later this year, saying projects in those regions could one day power a total of 6 million homes.The proposed sales are part of a five-year schedule of offshore wind auctions the Interior Department outlined last week. Putting wind turbines along every U.S. coastline is a cornerstone of President Joe Biden's agenda to decarbonize the electricity grid and combat climate change.In a statement…
Van Oord’s Heavy-Lift Installation Vessel Gets Major Upgrade
Van Oord’s Svanen vessel has received a major upgrade which increased its total height to 125 meters, making it one of the largest heavy-lift vessels in the world suitable for handling the next generation of monopile foundations for offshore wind.Svanen grew 25 meters taller with the installation of an A-framed gantry extension, weighing 1,200 tonnes, on top of the vessel.The extension had been constructed by Holland Shipyard. One of the largest cranes in the world was used for the installation at Mammoet Schiedam.Besides the gantry extension…
Höegh LNG Strikes Deal to Deploy FSRU Hoegh Galleon in Egypt
Norway-based Höegh LNG has made an agreement with Australian Industrial Energy (AIE) and Egyptian Natural Gas Holding Company (EGAS) for the deployment of the floating storage and regasification unit (FSRU) Hoegh Galleon. The aim of the deployment is to support energy security in Egypt, Höegh LNG said.Hoegh Galleon will be located in Ain Sokhna in Red Sea for a likely period of 19-20 months, after which it is expected to be deployed to AIE’s LNG terminal currently under construction at Port Kembla, Australia.
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 – Middle East Energy Scenarios – looks in detail at four broad scenarios and their potential impact on global GDP and inflation, from a sustained ceasefire to a confined conflict…
Windward Offshore to Equip CSOV Newbuild Duo with Seaonics’ Cranes
German shipowner Windward Offshore has ordered 3D Electric Controlled Motion Compensated (ECMC) cranes from Seaonics for two Commissioning Service Operation Vessels (CSOVs) being built by Norwegian shipbuilder VARD.The order marks Seaonics' first equipment delivery to Windward Offshore, a company founded by Blue Star Group, Diana Shipping and SeraVerse, in collaboration with and under the leadership of SeaRenergy Group.The first CSOV is scheduled for delivery in the second half of 2025…