Energy

Ships of the future could once again be powered by wind if a pioneering project which retrofits large vessels with ultramodern wing-sails proves successful in cutting carbon emissions.

DNV, an independent energy expert and assurance provider, has published new research about the industry’s perception of the growing market for floating offshore wind and its possibilities for mass commercialization. The research, which surveyed 244 developers, investors, manufacturers, advisors and operators across the globe, found that 60% of respondents think floating offshore wind will reach full commercialization by 2035, with 25% believing it will be as early as 2030.

The Department of the Interior proposing the first-ever offshore wind lease sale in the Gulf of Mexico. The announcement is part of the Administration’s latest actions to expand offshore wind opportunities to more regions of the country, building on investments in the President’s Inflation Reduction Act and Bipartisan Infrastructure Law to spur offshore wind deployment and create good-paying jobs for American workers.

Koil Energy Solutions, Inc., an international specialist in subsea energy equipment and services, announces the receipt of an order to provide services for an LNG project in the Gulf of Mexico.

2022 was a turbulent year for the oil and gas industry that was dominated by the invasion of Russia on Ukraine. This had an immediate effect on the global economy and markets, with commodity prices soaring to record highs and energy security becoming the focus for most countries across Europe.

TotalEnergies and Corio Generation, two of the world’s leading offshore wind and renewable energy developers, have signed a joint venture partnership to develop the  Formosa 3 offshore windfarms in Taiwan. Under this agreement, Corio will remain the majority shareholder and lead developer with 50% plus 10 shares overall in project.

DNV, a global independent energy expert and assurance provider, is launching the second phase of H2Pipe, a joint industry project (JIP) aiming to develop a new code for the design, re-qualification, construction and operation of offshore pipelines to transport hydrogen – either pure or blended with natural gas.

It would be difficult to exaggerate the value that carbon capture, utilization, and storage (CCUS) technology offers Africa’s oil and gas industry.

EnBW and Equinor announces their interest in developing offshore wind together.

Shell Offshore Inc., a subsidiary of Shell plc (Shell), announced that production has started at the Shell-operated Vito floating production facility in the US Gulf of Mexico (GoM). With an estimated peak production of 100,000 barrels of oil equivalent per day, Vito is the company’s first deep-water platform in the GoM to employ a simplified, cost-efficient host design.

DNV, the independent energy expert and assurance provider, is launching a JIP to develop a decision tool and reference that can be used by all stakeholders during the specification; design; manufacture; procurement and approval of any equipment intended for the installation and decommissioning of bottom-fixed wind turbines.

Seaway 7, part of the Subsea7 Group, has been awarded a large⁽¹⁾ contract for an undisclosed offshore wind farm project. The scope includes the transport and installation of inner-array and export power cables and respective cable protection systems.