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Japan's JERA Books Hefty One-off Losses on 2019/20 LNG Supplies

Jul 09, 2020

Japan's JERA, the world's biggest buyer of liquefied natural gas (LNG), booked tens of billions of yen in estimated one-off losses on its supply in the year ended on March 31, due to slumping prices, its president Satoshi Onoda said on Thursday. The losses highlight the issue for Japanese utilities, which have committed to large LNG volumes on contracts linked to oil prices, while spot prices for the…

China's MingYang Launches 11MW Offshore Wind Turbine

Jul 10, 2020

China's MingYang has this week launched the MySE11-203, dubbed the world's biggest hybrid drive wind turbine, of the nameplate capacity of 11 MW.Per MingYang, the turbine features a rotor diameter of 203 meters and has a 31% higher annual energy production than its predecessor…

Japan to Develop Offshore Wind Farms at 30 Sites in 10 years

Jul 09, 2020

Japan will craft new rules and support infrastructure in a drive that aims to build offshore wind farms at 30 sites during the next decade, the Nikkei business daily said on Thursday.Industry Minister Hiroshi Kajiyama is expected to announce policy measures soon to target the goal…

PetroVietnam to Invest in Renewables Amid Shrinking Oil Output

Jul 08, 2020

Vietnam's state oil firm PetroVietnam is seeking to venture into renewable energy sources like wind farms and floating solar panels, as domestic crude oil production has peaked at most of its offshore oil fields.The company, formally known as Vietnam Oil and Gas Group…

TSMC to Offtake Full Output from Ørsted's Taiwan Wind Farm

Jul 08, 2020

World's largest offshore wind farm developer Ørsted has signed what it says is the world’s largest renewables corporate power purchase agreement with Taiwan-based TSMC.Under the agreement, TSMC, the world’s largest semiconductor foundry, will…

Fred. Olsen Windcarrier Picks Jack-Up for 1600t Huisman Crane

Jul 03, 2020

Offshore wind turbine installation company Fred. Olsen Windcarrier back in March said it had struck a deal to equip one of its jack-up installation vessels with a 1600t crane for next-gen offshore wind turbines. While the company at the time…

Japan Identifies 10 Areas for Offshore Wind Projects

Jul 03, 2020

Japan's industry ministry said on Friday it has identified 10 areas as potentially suitable for development of offshore wind farms, four of which were designated 'promising areas', as it started a second round of the process to select operators…

Is Asia’s Offshore Wind Sector Ready For Take-off?

Jul 01, 2020

With virtually unlimited technical potential, offshore wind could play a critical role in helping to decarbonize the region, Wood Mackenzie's  Asia Pacific Vice-Chair Gavin Thompson writes.Asia’s pathway to a low carbon future is challenging…

MHI Vestas to Source More Offshore Wind Turbine Parts in Taiwan

Jun 30, 2020

Offshore wind turbine maker MHI Vestas has signed a purchase agreement with local Taiwanese company, YGG, to source additional components for the upcoming production of V174 turbines to be installed offshore in Taiwan. The agreement covers rotor hubs…

Santos Awards Dorado pre-FEED SURF

Jun 30, 2020

Engineering services provider Atteris has won a contract for the subsea, umbilical, risers and flowline (SURF) pre-FEED for Santos' Dorado project field development, offshore W. Australia.The Dorado oil field is located within the Bedout Sub-basin…

Samsung Heavy, Bloom Energy Working on Fuel Cell-powered Ships

Jun 30, 2020

South Korean shipbuilding giant Samsung Heavy Industries (SHI) has signed an agreement with Bloom Energy, a provider of distributed power generation systems, to design and develop fuel cell-powered ships. The two companies will work together…

Japan's NTT to Build Renewables Business

Jun 29, 2020

Japan's Nippon Telegraph and Telephone (NTT) will develop a renewable energy business with its own electricity grid and is likely to invest over 1 trillion yen ($9.3 billion) by fiscal 2030, Nikkei reported on Monday.The move by the telecommunications…

Transborders Energy, SBM Offshore in FLNG Pact

Jun 29, 2020

Australia's Transborders Energy, a company working to develop an FLNG solution for marginal field development, has signed a partnership agreement with the floating production solutions giant SBM Offshore.Perth-based Transborders said Sunday…

Asian LNG Prices Steady on Ample Supply despite U.S. Cargo Cancellations

Jun 26, 2020

Asian spot liquefied natural gas (LNG) prices remained steady this week on a continued stream of spot supply even though traders continued to cancel cargoes loading from the United States due to poor economics. The average LNG price for August…

OWC Sets Up Office in S. Korea

Jun 26, 2020

OWC, formerly known as Offshore Wind Consultants, has set up an office in South Korea, a country with ambitious offshore wind plans. 'We continue our expansion into key emerging markets such as South Korea. We believe a local presence is central…

Current News

Noble Corp: New Rig Deals in UK, Extensions in Qatar and Suriname, Cancellation in Vietnam

Noble Corp: New Rig Deals in UK, Extensions in Qatar and Suriname, Cancellation in Vietnam

China's MingYang Launches 11MW Offshore Wind Turbine

China's MingYang Launches 11MW Offshore Wind Turbine

IEA Bumps Up 2020 Oil Demand Forecast

IEA Bumps Up 2020 Oil Demand Forecast

GTT to Design Tanks for COSCO LNG Tanker Trio

GTT to Design Tanks for COSCO LNG Tanker Trio

Australian Offshore Safety Regulator to Resume Physical Inspections

Australian Offshore Safety Regulator to Resume Physical Inspections

Ocean Tankers' Supervisor to Start Restructuring Talks with Owners

Ocean Tankers' Supervisor to Start Restructuring Talks with Owners

Eni Hires Polarcus for Asia Pacific Survey

Eni Hires Polarcus for Asia Pacific Survey

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