Energy

Eni announces a significant gas discovery in the Cronos-1 well drilled in Block 6, 160 km off Cyprus coastline, in 2,287 meters of water depth. The Block is operated by Eni Cyprus holding 50% interest with TotalEnergies as partner.

Odfjell Oceanwind develops, owns and operates a fleet of floating Mobile Offshore Wind Units (MOWUs). The primary purpose of the MOWUs is to supply electricity to “off-grid” or “micro-grid” consumers.

Facing an energy supply gap due to rapid decline of traditional fossil fuel sources and fast, but not fast enough, growth of renewable energy sources, Huisman has arrived at a solution. The company’s Harsh Environment Semi-Submersible Drilling Rig is aimed at making the extraction of fossil fuels as sustainable as possible while we make the transition to renewable energy.

National Ocean Industries Association (NOIA) President Erik Milito issued the following statement as President Biden signed into law the Inflation Reduction Act:

CorPower Ocean has completed the substation and site preparation work in Portugal ahead of marine installations for its flagship HiWave-5 Project, developing a grid connected demonstration wave farm.

Subsea 7 announces the award by Corio and TotalEnergies of a FEED contract for a floating wind development in South Korea. The Gray Whale 3 project is a 504MW development located around 60 to 70 kilometers offshore from Ulsan.

Data from the analysis project that Earth Science Analytics AS carried out on assignment from the Norwegian Petroleum Directorate (NPD) in 2021 is now available for download.

Alaska Governor Mike Dunleavy is praising the announcement by Santos and Repsol to move forward with Phase 1 of the Pikka project on Alaska’s North Slope. Located in the Nanushuk oil formation on state leases, the Pikka unit contains an estimated 768 million barrels of recoverable oil. Oil Search will invest $2.6 billion to bring the field into production by 2026 which will create 2,600 jobs during construction, and 500 jobs once oil production begins.

International Wind Congress takes place in Berlin, Germany, on 7-8 November. It focuses on wind energy, and provides its participants - developers, operators, EPC(I)s, Electricity TSOs with a place to discuss their projects in a closed-door format.

The Ventus Awards are the offshore wind industry's premier global awards program that offers individuals, companies, and organizations the opportunity to showcase their achievements and innovations in offshore wind.

Using validated, high-fidelity long-range wake loss modeling, ArcVera Renewables found in their new study that commonly used engineering wake models vastly underpredict energy losses due to external wakes. ArcVera calls for further critical research into long-distance wake losses of offshore wind plants.

Bombora Wave Power (Bombora) is entering the final test and assembly phase of the ground-breaking 1.5MW Pembrokeshire Demonstration Project, as it prepares to validate the world’s most powerful Wave Energy Converter.