Orsted sells 50% of its stake in Taiwan's wind farm for $1.64 billion
Orsted, a Danish company, announced on Wednesday that it had agreed to sell to Taiwanese Cathay Life Insurance a 50% share in its Greater Changhua 4 off-shore wind farm for approximately 11.6 billion Danish crowns (1.64 billion dollars).
LNG traders divert cargoes to Asia from Europe as demand in the east increases
Analysts and shipping data indicate that three LNG cargoes bound for Europe were diverted to Asia in order to meet the stronger Asian demand, and because gas prices have decreased in Europe. The rapid…
Canada opens Pacific trade pact to new members following Taiwan's complaint
Canada's government confirmed that a major Trans-Pacific Trade Pact is still open for other aspirant member countries, including Taiwan, to join. This was after Taipei complained about the lack of a working group that would consider Taiwan's entry.
Mooreast Appoints Ellingsen as CEO
Mooreast Holdings Ltd. announced today it will appoint Mr Eirik Ellingsen, a Norwegian with deep experience in the offshore and marine sector, as Chief Executive Officer (“CEO”) amid growing adoption of…
Inpex: Ichthys LNG Train 1 will resume full-scale operation in December
Inpex Corp, the operator of Australia's Ichthys LNG, said that Train 1 will resume full-scale operation at the start of December. This follows a reduction in its operating rate for inspections. In order to maintain safety…
Equinor, a Norwegian company, tries to lease an offshore wind farm in Japan again.
Two sources claim that Equinor, a Norwegian energy company, has bid with other companies to build an offshore wind farm in Japan's latest state auctions. It is looking for a foothold on the market. Equinor’s…
What we can learn from China's latest military exercises around Taiwan
China's day of wargames around democratically-governed Taiwan was Monday a warning against'separatist actions. Although they appeared shorter, the drills were intense and fast-paced in their simulation…
APPEC-LNG buyers flag US supply risks after export pause
After President Joe Biden’s administration halted export permits of supercooled fuel to non-Free Trade Agreement nations, major buyers of liquefied Natural Gas (LNG), flagged the risks of purchasing cargoes of the United States.
APPEC-Taiwan CPC expects LNG imports to rise with nuclear phase-out
An official from state energy company CPC Corp stated that Taiwan's annual imports will increase as more gas-fired electricity plants are brought online in the face of the planned phase out of nuclear power by 2020.
Taiwan's TCC receives Italian approval to take energy storage company NHOA private
TCC Group Holdings, a Taiwanese company, announced on Friday that it has received approval from the Italian government to privatize energy storage firm NHOA. The Italian government has "golden powers"…
Malaysia won't stop South China Sea exploration, despite China protests says PM
Anwar Ibrahim, Malaysia's Prime Minister, said that the country would not stop oil and gas exploration on the South China Sea in spite of Beijing's claims that Malaysia had infringed on its territory.
Biden administration finalizes the solar lands plan and touts progress
The administration of U.S. president Joe Biden announced on Thursday that it had finalized plans to expand solar power on federal lands across 11 western states. This is part of an overall push to accelerate…
The Top 10 Offshore Wind Energy Trends to Watch in 2023
The drivers for global offshore wind growth look good for 2023. Global offshore wind is forecast to grow from over 60 GW at the end of 2022 to 240 GW by 2030 and over 410 GW by 2035. But the sunny outlook…
The Port Logistics Challenges of Offshore Wind
Some equations just don’t add up. For example, storing 500 offshore wind turbine blades at a site with only space for 400 (and that’s only if you don’t store the other key elements required to build a full turbine).
VIDEO: One-on-One with Pieter van Oord, CEO, Van Oord
Pieter van Oord is candid in discussing the future growth of his storied company’s activities in offshore wind with specific insights on challenging current jobs, Van Oord’s recent order of a massive and…
What to Expect from the US Offshore Wind Market This Year
After many false starts, the U.S. offshore wind market is building strong roots for a solid future. But as the market develops from its current northeast and mid-Atlantic niche new opportunities and challenges arise.The U.S.
LNG Demand to Rise 25-50% By 2030 - Morgan Stanley
Demand for liquefied natural gas (LNG) is expected to rise by 25 to 50% by 2030, making it the fastest growing hydrocarbon over the next decade, analysts from Morgan Stanley Research said in a note on…
Opinion: Weak Crude Imports in Asia Undercuts Oil Bulls
Another month, another weak outcome for crude oil in Asia, the world's top-consuming region, with July's imports declining for a fourth month in five as demand weakened amid high prices and the ongoing coronavirus pandemic.Asia's imports for July wer
Total Enters a 640 MW Offshore Wind Project Under Construction in Taiwan
Total signed an agreement with wpd to acquire a 23% interest in Yunlin Holding GmbH, the owner of Yunlin offshore wind farm located off the coast of Taiwan, around 200 km southwest of Taipei. The project…
Safeway Wins W2W Deal with Heerema to Support Huge Taiwan Offshore Wind Farm
Safeway won a contract from Heerema Marine Contractors (HMC) to supply a Safeway Seagull type motion compensated gangway system for installation on the CSV Normand Baltic.The contract is significant for Safeway as it is the first contract for HMC…
