Ocean Energy News

Australia Steps Up Its Renewable Energy Game with Proposed Offshore Wind Zone

Feb 24, 2023

The federal government of Australia has opened a consultation on a new offshore wind zone in the Pacific Ocean off the Hunter, a region of New South Wales, Australia.The government said that the proposed offshore wind area, which sits alongside the Hunter, an Australian manufacturing powerhouse and home to the nation’s largest smelter, could support the decarbonization and future of onshore manufacturing powered by 'cheaper…

Offshore Energy Production & the World Economy

Dec 12, 2023

As the price of gas continues to seemingly hold steady at around three dollars a gallon, the pocketbooks of Americans continue to suffer. Regretfully, due to global conflict and the outbreak of wars across Europe and the Middle East, oil prices are continuing to climb upwards…

Vard inks Deal on $200m Hybrid Cable Layer

Dec 11, 2023

Vard, the Norwegian subsidiary of the Fincantieri Group, signed a contract for $200m to design and build a customized hybrid cable-laying vessel for Japan's Toyo Construction.The hybrid cable vessel will have a design specifically developed…

ABS AIP for an Offshore Hydrogen/Ammonia Production Platform

Sep 19, 2023

An offshore hydrogen and ammonia production platform design from the Korea Research Institute of Ships & Ocean Engineering (KRISO) has received approval in principle (AIP) from ABS.Developed by KRISO, the unit is designed to produce green hydrogen using electricity generated by a wind farm…

Ocean Winds Pushes to Develop Offshore Wind Farms in Australia

Jul 04, 2023

Ocean Winds, a joint venture between Portugal's main utility EDP and French company Engie, said on Tuesday it had lodged applications with the Australian government to develop offshore wind farms off the coast of Victoria.The JV, which participated…

UTC 2023: Securing Global Energy

Apr 13, 2023

Global subsea energy leaders will convene in Bergen, Norway at the Underwater Technology Conference (UTC) in mid-June to meet, greet and exchange ideas on the crucial underwater technology topics. Stig Instanes, TechnipFMC and Rune Vesterkjær…

Tidal Energy Firm Minesto Tapped for Site Development Services in Asia

Jan 13, 2023

Tidal energy technology company Minesto said Friday it had received its first historic sales order for site development services,.The order includes Minesto's Dragon Class tidal energy powerplants and comes from an unnamed 'major corporation in the Asian offshore energy sector…

DEME, Penta-Ocean Unveil Upgraded Wind Turbine Installation Vessel Model

Dec 07, 2022

Belgium's Princess Astrid of Belgium and Japanese State Minister of Land, Infrastructure, Transport and Tourism, Hiroo Ishii took part in the unveiling ceremony of the upgraded ‘Sea Challenger’ offshore wind turbine installation vessel in Tokyo on Tuesday…

Australia Poised for Offshore Wind Boom, But Marine Life Risks Remain Poorly Regulated

Nov 09, 2022

The strong winds blowing over Australia’s rugged coastlines will soon power many of [Australia's] homes, as offshore wind farms are poised to begin construction. But a new research highlights the need to ensure any potential risks to marine life is properly mitigated…

Saudi ACWA Power to Build Two Floating Solar Plants in Indonesia

Nov 01, 2022

Indonesia's state-owned electricity utility PT Perusahaan Listrik Negara (Persero) or PLN, has selected Saudi developer ACWA Power Company to develop two floating solar PV projects.The projects will contribute to Indonesia's goal of achieving its renewable energy target of 23% by 2025…

KNOT Takes Delivery of Dual-Fuel Shuttle Tanker. Charter Secured with Eni

Aug 31, 2022

Knutsen NYK Offshore Tankers (KNOT), an affiliate of NYK, has taken delivery of a dual-fuel LNG shuttle tanker built at Daewoo Shipbuilding & Marine Engineering yard in South Korea. The vessel has been named “Sindre Knutsen.”Like its sister ship “Frida Knutsen…