California is planning floating wind farms offshore to boost its power supply – here’s how they work
Northern California has some of the strongest offshore winds in the U.S., with immense potential to produce clean energy. But it has a problem. Its continental shelf drops off quickly, making building traditional wind turbines directly on the seafloor costly if not impossible. Once water gets more than about 200 feet deep – roughly the height […] Read more
The international petroleum industry has been in the spotlight after a gas leak sparked the underwater “eye of fire” boiling to the surface in the Gulf of Mexico and a large blast at a Caspian Sea oil and gas field. Inpex’s Ichthys rig sits on the North West Shelf in Western Australia. Credit: Capt. Serge […] Read more
Energy major Equinor said Wednesday it was working with RWE Renewables and Hydro REIN on an application for the development of a “large-scale” offshore wind farm in the Norwegian North Sea. According to a statement, the companies will work together on submitting a proposal to authorities in Norway for the facility, which would be located in an […] Read more
Kongstein, a provider of project management services to offshore renewables, and Inter Marine are teaming up to provide combined services to the Polish offshore wind market. Inter Marine, which has many years of experience in the Polish marine industry, and Kongstein have signed a cooperation agreement. Kongstein managing director Rune Tvedt said: “As one of […] Read more
The Ever Given, the massive container ship that became wedged in the Suez Canal and cut off traffic in the vital waterway for almost a week, has been refloated, authorities said Monday. The ship sailed north to the Great Bitter Lake, arriving there just before 1 p.m. ET, according to Leth Agencies, which is a […] Read more
Goldman Sachs has upped its oil price forecast in recent weeks and named a number of global stocks it believes will ride the crude recovery wave. In a note last week, analysts at the investment bank named a bunch of lesser-known stocks set to benefit from these market dynamics, particularly in less saturated markets. They […] Read more
Offshore wind energy has the potential to deliver 90% of the U.S. projected 2050 electricity demand, according to Offshore Wind for America, a new report released by Environment America Research & Policy Center and Frontier Group. The report examined the Atlantic, Pacific, Gulf and Great Lakes regions and found that each has the capacity to develop offshore wind. The […] Read more
Vattenfall has selected Van Oord for planned and unplanned maintenance work at its offshore wind farms in Europe that together comprise around 600 wind turbines. Under a four-year Operations & Maintenance (O&M) contract, which has a one-year extension option, Van Oord-owned MPI Offshore will provide jack-up and associated lifting services for main component exchanges across […] Read more
NASSAU, The Bahamas – The drillship Stena IceMAX has completed operations on the Perseverance #1 exploration well offshore The Bahamas. According to operator Bahamas Petroleum Co. (BPC), the well encountered hydrocarbons at various intervals based on gas chromatography readings, including oil in various reservoir sections, but not in commercial volumes. Drilling, originally scheduled for spring 2020, eventually started on Dec. 20 and […] Read more
The recent plummet in oil demand and collapse in prices has inflicted considerable damage on the oil and gas sector, with few businesses suffering more than offshore drillers. As a result, offshore drillers need to take a number of bold moves to ensure their survival, writes Pablo Avogadri, a Dubai-based partner at strategy consulting firm Boston Consulting […] Read more
