Offshore wind spending is closing the gap on oil and gas investments and is expected to surpass them in several important countries by 2030, with the U.S. to see the fastest growth in offshore wind investment, Norway's Rystad Energy said Monday.'While global O&G capital expenditure will rise nominally in this timeframe, anticipated growth in offshore wind investments will bring Europe, the United States…
Germany-based renewables giant RWE and India-based power giant Tata Power have agreed on a partnership to explore the potential for a joint development of offshore wind projects in India. 'India is an unexplored and highly attractive market…
Danish offshore wind turbine maker Vestas has recently signed a long-term deal with German offshore helicopter service firm HeliService to support Vestas' offshore wind projects in Taiwan.Starting from the summer of 2023, HeliService will provide…
Australian offshore support vessel operator MMA Offshore has completed a subsea conversion program on the MMA Crystal vessel to support the Taiwanese offshore wind market.The new additions to the vessel feature subsea equipment including a work-class ROV…
American Bureau of Shipping (ABS) has awarded China's Wison Offshore & Marine (WOM) Approval in Principle (AIP) for its w.semi platform supporting floating wind turbines.Designed for use in the South China Sea to support the emerging Chinese offshore wind industry…
Japanese shipping giant Mitsui O.S.K. Lines (MOL) has partnered up with Scotland-based floating wind specialist Flotation Energy to jointly evaluate offshore wind development opportunities in Japan. The agreement builds on the 2GW portfolio…
Singapore's Keppel Offshore & Marine has signed a framework agreement with offshore wind industry giant Ørsted for future offshore substation (OSS) projects.'The agreement is part of a strategic initiative to strengthen the long-term partnership…
Bernhard Schulte Shipmanagement (BSM) and Rawabi Vallianz Offshore Services (RVOS) on Tuesday announced a joint venture to offer third-party ship management services to the offshore sector in Saudi Arabia.The deal was announced during the ADIPEC Exhibition in Abu Dhabi…
Australian offshore services firm MMA Offshore has acquired 49.9% of the shares in the Taiwanese survey company Global Aqua Survey Ltd to form a new joint venture, the MMA Global Aqua JV, which will target the quickly growing offshore wind sector in Taiwan…
Offshore wind turbine maker Siemens Gamesa Renewable Energy will license its 11 MW Direct Drive offshore technology to China's United Power. This entails supporting United Power to deploy the licensed offshore technology in the Chinese mainland’s territorial waters…
Belgium-based offshore installation company Deme Offshore has in partnership with Japan's Penta-Ocean Construction formed a new joint venture company specializing in offshore wind installation called Japan Offshore Marine.'Through [Japan Offshore Marine]…
Semco Maritime and PTSC M&C consortium has been selected by Hai Long Offshore Wind Project in Taiwan as the Preferred Supplier for two offshore substations for the Hai Long 2 and Hai Long 3 offshore wind projects.The projects will be established…
Singapore's Keppel Offshore & Marine has completed the construction of two offshore substations for offshore wind giant Ørsted.The two unmanned 600MW offshore wind farm substations will be deployed in Taiwan’s Greater Changhua 1 & 2a Offshore Wind Farms…
Malaysia's Icon Offshore Berhad has said it has received a letter of award from a 'Petroleum Arrangement Contractor (PAC),' exercising drilling contract extension options for a jack-up drilling rig.The rig is owned by Icon offshore's subsidiary Perisai Offshore…
FPSO supplier BW Offshore has received regulatory approvals for the Joint Venture Partnership consisting of BW Offshore Limited, ICMK Offshore Investment Pte Ltd, and Macquarie Bank Limited for the Barossa FPSO project.As previously informed…
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