Whereas the foundations of commercial offshore wind development are found in Europe (and Europe will remain the largest overall regional market for offshore wind activity in the coming decade), the rapid development of the large East Asia and…
AUGUST 16, 2024 - Today, the first two China-built offshore wind power SOVs (Service Operation Vessels) ZHI ZHEN 100 and ZHI CHENG 60 was held in Qidong, China. The two SOVs were delivered by Shanghai Zhenhua Heavy Industries Co., Ltd. to Shanghai Electric Wind Power Group Co…
Cadeler took delivery of the fifth and newest addition to its fleet – Wind Peak, the first of seven newbuilds for which Cadeler currently has signed contracts. The P-class jack-up installation vessel was built at COSCO Shipping Heavy Industry (COSCO) shipyard in Qidong…
Global solar deployment to add 3.8 TWac of new project capacity by 2033 compared to 1.6 TW of wind power, while 640% growth is forecast for energy storageFrom 2024 to 2033, developers will bring more than 5.4 terawatts (TWac) of new solar and wind capacity online…
Examining similarities and differences between the deepwater oil & gas and the emerging floating wind segment.There has been much excitement around the potential for the offshore wind industry to access deeper water sites through the deployment of floating wind technology…
The market for offshore support vessels has experienced tremendous development in the last couple of years. And while we expect the market to continue its positive journey, we would argue that, at least on an overall basis, the market has already recovered to healthy levels at the time of writing…
Offshore energy is on a growth trajectory. Rystad Energy wrote in February 2024 that upstream oil majors were diving in to deeper waters. “Despite tightened budgets, frontier drilling is fueling optimism for a productive year, particularly deepwater projects in the Atlantic Margin…
Odfjell Technology, an integrated supplier of well services technology and engineering solutions, has been awarded three well services contracts in Malaysia, increasing its market share in the Asia Pacific region.The company has won two contracts…
Malaysia-based offshore services firm Sapura Energy, through its wholly-owned subsidiary Sapura Subsea Services, has secured a contract to provide subsea services for Thai oil company PTTEP’s subsidiaries in Malaysia.The contract, effective from February 21…
Since our last market update in the subsea space about a year ago both our current market view and forecasts have strengthened significantly.While the demand picture is looking solid and arguing for a strong multi-year upcycle, the supply side…
Malaysia-based offshore services firm Sapura Energy, through its wholly-owned subsidiary Sapura Subsea Services, has secured a contract to provide subsea services for Shell’s Malaysian subsidiaries Sarawak Shell Berhad and Sabah Shell Petroleum…
Argeo Subsea, CSI Nordics and Kongsberg Discovery signed a three-party Certificate of Delivery and Acceptance for a new HUGIN Superior AUV. The agreement supports Argeo’s fleet expansion plans, as it aims to build the world’s most advanced AUV fleet…
Swire Renewable Energy A/S (SRE) and Tien Li Offshore Wind Technology Co., signed a Memorandum of Understanding (MoU) to deliver operations and maintenance services in the Taiwanese offshore wind turbine industry and other parts of the Asia Pacific region…
Prime Energy has awarded of a contract to OneSubsea, a Schlumberger company, for the supply of wellheads, christmas trees (control equipment), and subsea production system for phase 4 drilling at Malampaya field, offshore Philippines.The equipment…
INPEX Masela (INPEX), a subsidiary of INPEX Corporation, has awarded Fugro a significant marine survey contract for the Abadi liquefied natural gas (LNG) project in Indonesia.Fugro will perform geophysical and geotechnical surveys needed to…
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