Inside the Red-Hot Offshore Wind Energy Market
As the traditional offshore oil and gas markets continue to struggle, the renewable offshore wind market is hot and getting hotter.As the cumulative maritime, offshore, port and logistics marketplace gears up for offshore wind energy on a huge scale, World Energy Reports (WER), in its report “2021 The Year When Offshore Wind Takes Off in the United States,” shows the anticipated growth trajectory. Service Operations Vessels (SOVs), which can commission and/or maintain turbines, are central to the plan…
Offshore Wind Energy Market to Grow 20%
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 with a number of schemes that have recently began power production, according to Researchnreports. For instance, following the installation of its first 7-MW turbines, Scotland's biggest offshore wind farm has sent power for the first time to the…
CWind Digitizes with CrewSmart
CWind, part of the Global Marine Group (GMG), a provider of topside, splash zone and subsea engineering services to the offshore renewables and utilities market, it has implemented CrewSmart’s management support service across its fleet of 21 crew transfer vessels (CTVs) and team of offshore wind technicians. The cloud-based CrewSmart system provides CWind with control over personnel and fleet administration, optimizing the overall efficiency of the operations team.In a rapidly expanding offshore wind market…
Seacor Marine Acquires Three Cosco PSVs
The offshore marine support vessels operator Seacor Marine Holdings announced it has entered into definitive agreements to acquire three platform supply vessels (PSVs) from Cosco Shipping Heavy Industry, an affiliate of Cosco Shipping Group, the world’s largest ship owner.Aggregate consideration for the vessels will be approximately $46 million, of which 30% will be paid in cash and 70% will be paid under a four-year deferred payment agreement between Seacor Marine and Cosco Zhoushan.Half…
SEACOR Marine to Acquire Brazil's UP Offshore
SEACOR Marine Holdings, the provider of marine and support transportation services to offshore oil, has announced the acquisition of UP Offshore (Bahamas) by a new joint venture company that is 49% owned by a subsidiary of SEACOR Marine and 51% owned by a subsidiary of Proyectos Globales de Energía y Servicios CME.UP Offshore is a leading provider of offshore support vessel services to the energy industry in Brazil, the largest regional market in Latin America, said a press release.Of UP Offshore’s 14 vessel fleet, 12 vessels are located in Brazil and registered under the Brazilian flag.
SEA\LNG Voices Support for MEPC 73 Outcomes
SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, strongly supports the decision of the Marine Environment Protection Committee (MEPC) to reaffirm the January 1, 2020 implementation date of the 0.50% sulphur fuel limit.SEA\LNG said in a press release that it also applauds the adoption of the amendment to MARPOL Annex VI for a carriage ban on non-compliant fuels for vessels without an approved equivalent arrangement to meet the sulphur limit – such as an exhaust gas cleaning system (EGCS) on March 1…
Preece Named Managing Director at CWind
Mark Preece has been appointed Managing Director of CWind, the Global Marine Group (GMG) offshore renewable business. Preece, who has extensive experience in the offshore and maritime sectors, joined CWind on an interim basis late in 2017. He has formerly served as Executive Vice Chairman at PDi Ltd, CEO of CEONA Offshore and CEO of Reef Subsea.
GMG Acquires Fugro’s Trenching, Cable Laying Business
Global Marine Group (GMG) will acquire Fugro’s trenching and cable laying business in exchange for an equity stake of around 24 percent in the combined business valued at $65 million, and a one year secured vendor loan of $ 7.5 million. Fugro said it will realize a gain on this transaction, valued at approximately $73 million. GMG is a supplier of subsea cable installation and maintenance services in the telecoms, offshore renewables, power and oil and gas market segments. The acquisition…
CWind Awarded TP Gate Contract
Offshore wind industry services provider CWind said it has been awarded a contract by DONG Energy, to install new and retrofit existing gates on the transition pieces (TPs) at the Gode Wind and Borkum Riffgrund offshore wind farms, located in the North Sea off the coast of Northern Germany. CWind, which is part of the Global Marine Group and delivers the company’s power capabilities, will use its crew transfer vessels, assets and engineering expertise to help complete the project. The CWind Phantom, a 27.4m catamaran, will undertake the work on Gode Wind’s 97 turbines and Borkum Riffgrund’s 77 turbines.
Global Marine Group Extends UK Footprint
Offshore engineering services provider Global Marine Group (GMG) has expanded its operations base in the United Kingdom to include the Port of Blyth, Northumberland. Blyth, a modern, well-specified port, has emerged as a major support base for U.K. offshore energy projects. Operating from the Port of Blyth, both of GMG’s two business units, CWind, which provides services to the offshore wind industry, and Global Marine, which provides fiber optic cable solutions to multiple sectors, will be able to offer regionally-focused support…
GMG Secures Cable Contract for Rampion Offshore Wind Farm
Global Marine Group (GMG) announced that it has been awarded a contract from E.ON to install a fibre optic cable at the Rampion Offshore Wind Farm, under construction 13km off the coast of Sussex, UK. Upon completion the cable will run from the shore to an offshore substation, providing a vital communications link for this major wind farm. The installation is expected to be completed later this month. CWind, which is part of the GMG and is responsible for delivering the Company’s power capabilities, will execute the contract and will utilize the Group’s capable assets and project engineering team.
GMG Completes Cable Burial Work off the Netherlands
Global Marine Group (GMG), a provider of offshore engineering services to the renewables, telecommunications and oil and gas industries, said it has completed a remedial cable burial project for Prinses Amaliawindpark (PAWP), a wind farm off the Netherlands’ West Coast. PAWP covers an area of around 14km2 and comprises of 60 wind turbines that are connected by eight in-field cable strings that converge at the central offshore high voltage station. The project, operated by Eneco, an energy company responsible for generating and supplying sustainable energy originating from wind…
Marsol Signs Two-Year OOCEP Contract
Marsol International, a UAE-based global marine solutions provider focused on the offshore oil terminal market and related infrastructure, has signed a two years contract with Oman Oil Company Exploration & Production LLC (OOCEP) for the provision and management of the marine and offshore activities related to the tanker loading, via the single point mooring (SPM) offshore marine terminal including maintenance works, vessels, equipment and manpower. The Musandam gas plant, located on the west coast of the Musandam Peninsula…
DONG, CWind Extend Crew Transfer Vessel Contract
CWind, a provider of services to the offshore wind industry, informs that DONG Energy, one of the key energy groups in Northern Europe, has granted CWind a two-year extension to its existing three-year Crew Transfer Vessel contract at the West of Duddon Sands Offshore Wind Farm in the Irish Sea. CWind, the offshore power focused business of Global Marine Group (GMG), will provide vessels for Operations & Maintenance (O&M) to the 108-turbine West of Duddon Sands site, including a summer campaign to ensure the site remains operating at peak performance throughout the busier summer months.
Global Marine Group Keeping Busy in 2017
Offshore engineering firm the Global Marine Group (GMG) reported a busy first five months of 2017 with a strong outlook for the rest of the year. The company said all key assets from the GMG fleet are currently mobilized, either supporting maintenance zone agreements around the world, or on installation, maintenance or repair contracts. “As we head into the summer months, we are extremely pleased about our robust activity level, which we feel is a reflection of our high performance standards, reputation and strong relationships across the industry,” said Ian Douglas, CEO of the Global Marine Group.
LNG Bunkering Commences in Australia
Under an agreement with Woodside, EVOL LNG refueled the platform supply vessel, Siem Thiima, on January 23 at King Bay Supply Base near Dampier. Business Manager, Nick Rea sees it as just the beginning. “Our decision to enter the LNG bunkering market is part of a long-term strategy that recognizes environmental and economic sustainability of LNG as a transport fuel,” said Rea. “It also recognizes that the LNG marine fuel market is still in development so the fact EVOL has over 15 years’ experience in distributing LNG means we saw an opportunity to provide a suite of services that perhaps others can’t.
Global Marine Systems Wins Offshore Tampnet Contract
Global Marine Systems Limited, a UK-based specialist in subsea cable engineering projects, has announced that it has secured a contract from Tampnet. The contract, with work being undertaken in 2018 by one of the Company’s key installation vessels, is designed to further enhance inter oil-field communication networks in the North Sea. The project, which is the sixth contract award to Global Marine from Tampnet, focuses on the installation of a platform to platform fiber optic cable. It…
Marsol Strengthens Abu Dhabi Presence
Marsol International, a UAE-based global marine solutions provider focused on the offshore oil terminal market and related infrastructure, has announced the launch of its new office, Marsol International Abu Dhabi. The facility strengthens Marsol’s presence in the UAE region and increases the company’s capabilities for directly servicing Abu Dhabi-based clients. Marsol has already undertaken several projects from the facility, includingoffshore hose studies involving modelling, inspection and repair operations…
ExxonMobil Inks Deal to Collaborate on Caledonia LNG Project
ExxonMobil, Babcock International Group, Bernhard Schulte Shipmanagement (BSM), Calor and Orkney Islands Council have signed an agreement to collaborate in the “Caledonia LNG ” project. The aim is to develop the infrastructure, storage and technical support needed to enable safe liquefied natural gas (LNG) operations for customers in the north of the UK and North Sea, including bunkering. The parties signed a Memorandum of Understanding (MOU) on 22 November to investigate opportunities to supply LNG for marine and land-based applications.
Collaborators to Develop LNG Deliveries in North UK and North Sea
Aiming to develop the infrastructure, storage and technical support needed to enable safe liquefied natural gas (LNG) operations for customers in the north of the U.K. and North Sea, including bunkering, partners ExxonMobil, Babcock International Group, Bernhard Schulte Shipmanagement (BSM), Calor and Orkney Islands Council have signed an agreement to collaborate in the Caledonia LNG project. The parties signed a Memorandum of Understanding (MOU) on November 22 to investigate opportunities to supply LNG for marine and land-based applications.
