Tuesday, November 5, 2024

Offshore Energy Market News

Offshore Wind: a Freshening Breeze?

AdobeStock_CREDIT Yauhen Suslo

July brought news about offshore wind. There was something for everyone: optimism, disappointment, and construction, too.Finally, starting with Dominion Energy’s Coastal Virginia Offshore Wind Project, a joint venture with Danish wind developer Orsted is underway. True, this is a small project – just two wind turbines to be installed 27 miles east of Virginia Beach. But considering all the preceding hurdles, news about Dominion blew in as proverbial, hopeful fresh air.

Boskalis Inks Pact with Saudi Aramco

Dutch offshore services provider Royal Boskalis Westminster has been selected as a contractor on Saudi Aramco's Long Term Agreement (LTA) for Offshore Facilities program.Boskalis acquired the agreement in consortium with the United Arab Emirates-based company Lamprell."The LTA is part of an ambitious offshore investment program and covers engineering, procurement, construction, transportation…

Diamond Offshore Shares Buoyant

As the offshore energy market continues to search for signs of recovery, latest news from Diamond Offshore points to better times ahead. On Monday, October 30, 2017 Diamond Offshore reported better-than-expected quarterly profits, in part driven by additional deals won for its deep-water drilling rigs at better rate, sending its shares up 8.3% at the time of reporting.. While Diamond Offshore CEO Marc Edwards was not prepared to call the bottom of the market…

MetOcean System Ordered for Dudgeon Wind Farm

Photo: Miros

Miros, a supplier of weather and wave monitoring products and oil spill detection systems for the global offshore energy market, has been awarded a contract for delivery of a MetOcean system to the Dudgeon offshore windfarm project. Miros' scope of supply includes a complete meteorological system, including SM-050 WaveRadar for wave monitoring. The MetOcean system will be located at an offshore substation to collect weather data for the whole windfarm.

GROW Funding Nurtures New Subsea Tech

Photo courtesy of Offshore Marine Management

Offshore Marine Management (OMM) has secured GROW:OffshoreWind funding to build a new subsea tool which aims to reduce project costs and improve health and safety offshore. The new tool has been designed using OMM’s experiences of working offshore and its technology will bring time savings during offshore operations, consequently driving down associated vessel, equipment, vessel and personnel costs.