Near-term prospects for the deepwater sector are excellent. That’s the conclusion of an in-depth market analysis of the floating production market just completed by IMA/WER in the August 2021 Floating Production Systems Report.Asked what is driving the positive sentiment, WER’s Chairman Jim McCaul explains that, “Oil demand growth is expected to continue at a strong pace
Singapore's Sunseap Group says it plans to spend $2 billion to build the world's largest floating solar farm and energy storage system in neighboring Indonesian city Batam, which will double its renewable power generation capacity.The floating photovoltaic system is expected to have a capacity of 2.
Dutch marine and offshore services provider Boskalis said this week it has completed the installation of the fifth and final floating wind turbine at the Kincardine floating wind farm off the UK, currently the world's largest floating wind farm."Last week we successfully connected the fifth and last floating wind turbine to the pre-installed mooring spread in the field offshore Aberdeen
U.S. shipbuilder Conrad Industries has signed a license agreement with the Netherlands-based Damen Shipyards Group to build two Damen Multi Cats 3013 for Great Lakes Dredge & Dock Corporation.The two vessels covered by this agreement will be the first Damen Multi Cats to be built in the U.S. Fully compliant with the U.S. Coast Guard and U.S.
The deepwater market is rapidly returning to pre-COVID-19 activity levels, and the recovery appears to be gaining strength, according to a recent in-depth analysis completed by International Maritime Associates (IMA) and World Energy Reports (WER).“Lots of green shoots have appeared,” says Jim McCaul, head of IMA/WER.
Brazilian national oil and gas company Petrobras has suspended Japanese FPSO specialist MODEC from bidding for new floating production storage and offloading vessel projects. A day after the announcement the Japanese firm named a new CEO but the change is seemingly not related to the Petrobras issue.
Orders for production floaters have bounced back over the past month driven by rising crude prices, according to Jim McCaul, head of offshore business intelligence firm World Energy Reports.McCaul bases his assessment on data in a new floating production systems report prepared by World Energy Reports.
Malaysian oil and gas company Petronas has become the first energy company to produce LNG from two floating LNG facilities, after the LNG shipment was delivered by its floating LNG facility PFLNG DUA on Wednesday, March 24.The cargo was loaded onto the Seri Camar LNG Carrier operated by MISC Bhd for shipment to our LNG Buyer in Thailand.
Malaysian oil and gas giant Petronas said Monday that its PFLNG Dua floating LNG facility has recently produced its first LNG. This is the company's second FLNG Unit, and its first deepwater FLNG facility.The PFLNG Dua is located at the Rotan gas field, 140km off Kota Kinabalu, Sabah, Malaysia.
Croatia's liquefied natural gas (LNG) terminal on the northern Adriatic island of Krk began operations on Friday amid the first delivery of gas, said the company which runs the unit."LNG tanker Tristar Ruby anchored with 143,000 cubic meters of gas which signifies the beginning of the commercial use of the terminal," LNG Hrvatska director Hrvoje Krhen told the state news agency Hina.
The floating offshore wind industry, still considered nascent with around 100MW installed capacity - and minuscule compared to the installed capacity of its „older brother,“ - that is the conventional, fixed bottom offshore wind industry (29GW at 2019 end) - is showing promise and is expected to take off big time by the end of the decade.
Royal Dutch Shell said on Thursday its Prelude floating liquefied natural gas (FLNG) project off Australia, off line since early February, is working on restarting operations but would not resume full production this year. The troubled Prelude FLNG platform was shut down following an electrical trip and Shell has faced a number of issues over the past few months in trying to restart full