The global offshore mooring system market stood at US$0.93 bn in 2014 and is predicted to reach US$1.1 bn by 2021.It is predicted to expand at a CAGR of 3.60% from 2015 to 2021, revealed a new Transparency Market Research report.According to the report…
Norway based Kvaerner said it has signed a contract with Norwegian energy company Equinor to study how floating concrete substructures for offshore wind turbines can be designed and constructed for the planned Hywind Tampen project in the North Sea…
A high-tech, specialized buoy has been launched to collect useful information for developing wind farms offshore the U.S. East Coast.Equinor Wind US said it deployed the cutting-edge buoy as it works to develop its offshore wind lease site in the New York Bight…
BP on Monday announced first gas production from the second stage of its West Nile Delta development offshore Egypt, marking the second start-up in a string of new upstream projects expected to be brought on line by the supermajor in 2019.The project…
Equinor Wind US has announced deployment of a cutting-edge, specialized buoy designed to gather information, an important step in the development of its offshore wind lease site in the “New York Bight,” which will provide wind energy to New…
NOIA President Randall Luthi issued the following statement after Puerto Rico Resident Commissioner Jenniffer González Colón re-introduced H.R. 1014, the Offshore Winds for Territories Act:'NOIA applauds Representative González Colón’s reintroduction of the Offshore Wind for Territories Act…
Uniper said on Thursday it will stick to its contractual obligations concerning Russian gas export pipeline Nord Stream 2, adding that the outcome of an upcoming EU meeting would not affect the construction of the pipeline.'I firmly assume that the Nord Stream 2 project will be realised'…
Romanian-based Black Sea Oil & Gas, controlled by private equity firm Carlyle Group LP, said on Thursday it has decided to go ahead with its $400 million offshore gas project in Romania, the first such project to be developed in 30 years.The…
Sulzer & Schmid Laboratories AG has announced that it has launched a new inspection platform. The company’s new 3DX HD product has been developed as a cost-effective solution to cope with large volumes of high definition blade inspections.Based on the compact and flexible DJI M-210 drone…
Increase Access to All Offshore Energy Sources for American Energy Greatness.National Ocean Industries Association (NOIA) President Randall Luthi issued this statement following President Trump’s State of the Union address:“In his second State of the Union address…
Norwegian oil company Aker BP posted a smaller-than-expected increase in fourth-quarter earnings due to higher production costs and lower oil prices, but raised its dividend.The company said on Wednesday earnings before interest and taxes rose…
Global offshore wind energy market was valued at $2,727 thousand in 2019, and is expected to reach $11,334 thousand by 2025, registering a CAGR of +20% from 2019 to 2025, said a study.The global offshore wind energy market has been set blazing…
McDermott International, Inc. on Tuesday announced it has signed a contract with Woodside Energy Ltd. to undertake a front-end engineering and design (FEED) activities for a floating production unit (FPU) for the Scarborough field natural gas development in Western Australia…
Gulen Industrial Harbour in Sogn og Fjordane county has been awarded the contract for assembly site for the floating Hywind Tampen wind turbines before they are transported to the field in the North Sea.No work will commence prior to an investment decision for Hywind Tampen…
Aker BP finds up to 153 million barrels of oil equivalents in North SeaAker BP has discovered an oil and gas reservoir while drilling near its Alvheim field in the North Sea.Known as Froskelaar (Frog's Leg) Main, the reservoir is estimated to…
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