The UK-based offshore energy support vessel operator Seacat Services has added Seacat Weatherly to its fleet.

Following her completion at the Diverse Marine shipyard in Cowes and successful sea trials, Seacat Weatherly heads straight on to her first charter contract at a major UK offshore wind project, the operator said.

Seacat Weatherly is the first next-generation Chartwell 24 catamaran designed by naval architect Chartwell Marine to enter operational service.

The vessel is said to be the culmination of a long-term collaboration between Seacat Services, Chartwell Marine and shipyard Diverse Marine, and the product of an industry-wide drive to refine the formula for offshore wind vessel support.

The first of a two-vessel order, Seacat Weatherly features advanced engine and hull design, a large foredeck, and safety features such as step-free access, sliding handrails, and unrestricted visibility from the wheelhouse, Seacat Services said.

Seacat Weatherly is a fine addition to the fleet, capitalising on all of the core attributes that have defined the Seacat Services offering to date. Refining vessel designs is vital to meeting the changing needs of the offshore wind sector and Seacat Weatherly ensures that our crews can bring maximum operational value to our customers from day one, Andrew Calderbank-Link, Operations Director at Seacat Services, said.

Seacat Weatherlys sister vessel, Seacat Rainbow, is currently under construction at the Diverse Marine yard in Cowes and is scheduled for acceptance in September.

Ben Colman, Director at Diverse Marine, said: It is testament to the resolve and versatility of our team and the strength of our ongoing collaboration with Seacat Services and Chartwell Marine that weve successfully brought this vessel build to fruition despite current supply chain disruption and working restrictions. This is a huge collective achievement and bodes well for the future of British boatbuilding and naval architecture as we set a new standard for the global offshore wind market.

Go here to read the rest:

Seacat Weatherly Heads Straight to Work - Offshore WIND

A leading industry body has revealed suspected Covid-19 cases offshore have continued to fall due to effective industry-wide measures.

Oil and Gas UK confirmed the number of Category C flights, which covers the medevac of a patient with non-life threatening symptoms, made up just 0.03% of the total number of people on offshore installations at the end of last week.

The figures come ahead of an OGUK webinar later this week, which will reflect on lessons learnt from the coronavirus pandemic.

The event, which is entitled Covid-19: A retrospective and look ahead, will bring together a panel of experts to outline their experiences of the pandemic and its impact.

Trevor Stapleton, OGUKs health, safety and environment director, said: The reduction in c-med flights is a recognition of both industry-imposed barriers and UK measures being effective.

As we move into the recovery phase which will mean increasing POB offshore a missing piece of the jigsaw is still asymptomatic testing for our offshore workforce, carried out using the NHS UK test centres and we continue to make the case for this with both the UK and Scottish governments.

It is worth noting that a Cat-C passenger is only symptomatic of Covid-19 and may not be a positive case, therefore the percentage figure is the worst-case scenario.

However, now is not the time for us to become complacent and we will be paying close attention to the figures going forward.

The coronavirus pandemic is of a scale and severity which none of us have seen before, but we shouldnt take for granted the true value of the UKs offshore oil and gas industrys culture of safety.

The webinar will also look ahead to the rest of the year to consider what steps can be taken in terms of navigating the operational impact of COVID-19, preparations for winter flu season and the foreseen impacts.

Mr Stapleton added: The open and continuous sharing of our experiences within our industry, with other sectors and with government, will be critical as we look to the future. While we must now start working on how to bring this essential industry back on its feet, we must also take the time to learn and reflect.

The upcoming webinar will give an opportunity to understand potential future risks and how this could impact business and allow us to further improve workforce safety and engagement.

Continue reading here:

Suspected offshore Covid-19 cases continue to fall, OGUK says - News for the Oil and Gas Sector - Energy Voice

ROGERS PARK A group of teenage kayakers who went missing near Rogers Park Sunday were rescued by the U.S. Coast Guard 7 miles offshore, according to authorities.

The teens launched two inflatable kayaks into Lake Michigan from Leone Beach in Rogers Park between 5 and 8 p.m. Sunday, Chicago Police said.

When the group did not return after several hours, authorities launched a search using the polices Marine Unit and helicopter, Chicago Fire Department divers and U.S. Coast Guard personnel.

The search extended into the early hours of Monday. About 1 a.m., the Fire Department tweeted the kayakers were found by the Coast Guard about 7 miles from the shoreline.

The teens two 19-year-old women, a 19-year-old man and a 13-year-old boy were found safe and did not require medical treatment, police said. They were reunited with family near Montrose Harbor.

Update for the person in the water at 1222 W Touhy- a search of the area was completed with negative results. The scene has been released to CPD. CFD is departing the scene. NFI 4-1-8.

Subscribe to Block Club Chicago. Every dime we make fundsreportingfrom Chicagos neighborhoods.

Already subscribe?Click hereto support Block Clubwith a tax-deductible donation.

Visit link:

4 Teen Kayakers Who Went Missing Near Rogers Park Rescued 7 Miles Offshore - Block Club Chicago

Spain's foreign minister said that talks in Turkey on Monday had helped to reduce tensions between some European Union members and Ankara over Turkish energy exploration in the Mediterranean, adding that a one-month pause in drilling was possible.

Foreign minister Arancha Gonzalez Laya, at a news conference in Ankara with Turkish counterpart Mevlut Cavusoglu, said an "inflection point" had been reached on the dispute over drilling for oil and gas in the eastern Mediterranean Sea.

Turkey is at loggerheads with Greece and Cyprus over overlapping claims for offshore reserves and the two EU members, along with France, have rejected Turkey's plan to explore between Cyprus and Crete.

Paris and Athens have called for sanctions against Turkey for what they view as an encroachment on Greek and Cypriot waters, while Berlin has warned Ankara to cease "provocations". Turkey has rejected the criticism and said it is abiding by international law.

The Turkish lira has, meanwhile, slipped to near a record low versus the euro.

"We have reached some inflection point mainly on the drilling in the eastern Mediterranean and this was a useful dialogue with Mevlut to deescalate tensions that exist," Gonzalez Laya said.

"I think his will to pause exploration for at least a month to give space to dialogue between parties is a signal of confidence," she said.

Cavusoglu did not mention any plans to pause, and Turkey's foreign ministry was not immediately available to comment.

Last week Turkey's navy issued an advisory for seismic surveys at sea in a move Greece said was an attempt to encroach on its continental shelf. The Turkish research ship is still anchored outside Antalya.

Ibrahim Kalin, chief adviser to Turkish President Tayyip Erdogan, said last week that threatening sanctions "will never fly here and will have no impact on Turkey's sovereignty or determination in pursuing the national interest."

Last week, French President Emmanuel Macron said the EU should also take action against Turkey over its role in Libya's conflict.

(Reporting by Inti Landauro and Ece Toksabay; Editing by Jonathan Spicer and Pravin Char)

Excerpt from:

Spain Sees Thaw in Europe-Turkey Tensions on Mediterranean Offshore Exploration 3 hours ago Spain's foreign - Offshore Engineer

Saipem revealed on 22 July that it won three contracts for offshore wind farms in Europe Dogger Bank A and B, Seagreen, and Saint Brieuc valued at more than EUR 90 million in total.

With the Equinor-SSE Renewables join venture Dogger Bank Offshore Wind Farms, Saipem inked a deal for the transportation and installation of two offshore HVDC offshore substations for Dogger Bank A and Dogger Bank B.

Each of the Dogger Bank two 1.2 GW platforms, to be installed some 130 kilometres off the North East coast of England, will comprise a 2,900-tonne jacket and a 8,500-tonne topside.

For the 1,075 MW Seagreen offshore wind farm in Scotland, owned by Total and SSE Renewables, Seaway 7 awarded Saipem with a contract for the installation of 114 wind turbine foundations.

In France, Saipem will transport and install the offshore substation jacket and topside for the Saint-Brieuc offshore wind farm, developed by Ailes Marines, part of the Iberdrola group.

The company will carry out the offshore installation projects by using its crane vessel Saipem 7000.

More:

Saipem Scores Offshore Wind Hat-Trick - Offshore WIND

The global pipeline of offshore wind energy projects which are operational, under construction, consented, or being planned has grown by 37 GW in the last twelve months, new research published by RenewableUK shows.

This is an annual increase of 30%, from 122 GW twelve months ago to 159 GW now, RenewableUKs latest Offshore Wind Project Intelligence report shows.

The UK has retained its top spot with a pipeline of 38.9 GW, a quarter of the global total.

China has moved up from fourth to second place with 19.3 GW, an increase of 7.3 GW, up 60%.

The USA stays in third place, up from 15.7 GW to 17.8 GW, an increase of 13%, while Germany has dropped from second to fourth place as its total of 16.5 GW has remained almost the same over the last twelve months, adding just 68 MW. Taiwan stays fifth with its project pipeline growing by 28% from 8.9 GW to 11.4 GW.

In sixth place, the Netherlands has risen from 6.5 GW last year to 11.3 GW, an increase of 74%. Ireland has witnessed a growth from 3.2 GW last year to 8.2 GW this year, climbing to number seven with an increase of 156%. Poland is eighth with 6.2 GW, Denmark ninth at 4.7 GW, and Vietnam is tenth with 3.6 GW.

In the current economic crisis, these new figures show that offshore wind is one of the major growth opportunities worldwide. In the UK alone, we estimate that next years auction for renewable power could secure over 20bn of new investment. Our latest Offshore Wind Project Intelligence report highlights the global potential for offshore wind to drive a green economic recovery, RenewableUKs Deputy Chief Executive Melanie Onn said.

The top five countries represent 65% of the total global pipeline, with 104 GW of capacity between them. Europe has 60% of the pipeline with 96 GW.

In terms of operational capacity, the UK still leads the world with 9.7 GW, Germany is second at 7.5 GW, China third with 3.3 GW, Belgium fourth at 1.8 GW, and Denmark fifth with 1.7 GW.

The rest is here:

Global Offshore Wind Pipeline Grows by 37 GW in a Year - Offshore WIND

Offshore wind is at a key juncture right now. And your voice can help take it to the next level.

You might have noticed that certain colleagues and I have often blogged excitedly about the brand new (to the US) renewable energy option poised to rise up off our shores. Offshore wind has been a long time in coming, and there is so much enthusiasm in so many quarters.

And no wonder, when you think about all it has to offer. Large amounts of pollution-free and carbon-free electricity generation, close to where its needed. A great complement to solar and land-based wind, and a strong winter resource. Savings for electricity customers, and great economic and jobs potential.

Given all that, a bunch of states have been making it clear that they want to see offshore wind as a substantial part of their electricity supplyand to see the offshore wind industry powering their economies and job growth. And a bunch of project proposals are answering the call.

Several of those projects are slated to be in waters south of Massachusetts and Rhode Island. When Massachusetts issued its first solicitation for offshore wind projects, the winner (with a stunningly low price) was Vineyard Wind, an 800-megawatt projectmeaning enough capacity to provide energy for more than 400,000 Massachusetts homes.

Vineyard Wind had already begun its permitting process, and last summer a federal approval for the project seemed imminentuntil the Trump administration unexpectedly announced that it was going to do another step: a supplement to the draft environmental impact statement to look at cumulative impacts of Vineyard Wind and a bunch other offshore wind projects.

The Bureau of Ocean Energy Management (BOEM), the US Department of the Interior agency in charge of permitting offshore wind and other energy projects off our coasts, recently published that supplemental environmental impact statement (SEIS) for public comment. The SEIS analyzes reasonably foreseeable effects from an expanded cumulative activities scenario for offshore wind development The expanded cumulative scenario includes Vineyard Wind and six other projects that have each gotten to certain stages in their development, for a total of more than 5,000 megawatts. And the SEIS looks at a range of alternatives to the project as proposed.

So why is this moment so important? It matters to the proponents of Vineyard Wind, as a key step toward getting federal approval by the end of this year and getting construction underway soon after. That timing matters to electricity customers, because important federal tax incentives are on the line.

And this moment matters to a lot more people because, given the pandemic, the economic crisis, and the long-standing inequities in our energy systems, we need the savings, the clean air, and the clean electrons that offshore wind can bring. And we need this new industry to be part of the economic rebuilding and job creation in the nearer term.

Getting this process right, right now, matters to all of us who want to see offshore wind happen. Because this step is about the facts of the matter, the findings of the extensive EIS process, including this supplement. But its also about the integrity of the process, about the importance of preserving a central role for science, and about ensuring that BOEM can do what it was made to do, under an administration that hasnt always valued science.

The BOEM SEIS catalogs their findings on possible impacts or benefits in an extensive collection of categories, from habitats and resources (terrestrial, coastal, benthic) to fauna (fish, invertebrates, marine mammals, sea turtles) to people (employment, economics, environmental justice, cultural and historical resources, tourism, fishing, navigation) and more.

BOEM projected major impacts in only a few categories, several of which have already been addressed by changes to the project since their original submission. In all other areas, BOEM deemed the impacts to be moderate, negligible, or even beneficial.

One issue for offshore wind is how we balance competing interests in the marine environment. One answer is to ensure compatibility, to the extent possible.

Vineyard Wind and the four other developers holding offshore wind leases in the Northeast have offered to do that by agreeing to a compromise for the layout of their projects: Instead of optimizing the spacing and location of each turbine, the developers agreed to 1 nautical mile (nm) by 1 nm spacing between turbines, and a fixed grid pattern, east-west and north-south.

Offshore wind lease areas in the Northeast, showing what a standardized 11 east-west/north-south layout might look like. (Turbine locations are illustrative only.) The Vineyard Wind project is in OCS-A 0501.

Putting the turbines that far apart will cut out a lot of clean energy generation (Vineyard Winds own estimate puts that loss at 30%), and thats not something to be taken lightly. It will, though, create more space for boat traffic, including fishing, to make offshore wind turbines better neighbors. And it will offer hundreds of possible routes through the combined projects for traveling east-west, north-south, or diagonally.

The US Coast Guard, in its own analysis of options for safe navigation through offshore wind farms in the area, concluded that a standard and uniform grid pattern with at least three lines of orientation and standard spacing, with 1 nm between turbines, would be appropriate to accommodate vessel transits, traditional fishing operations, and [search and rescue] operations in the area.

One option added to the SEIS for consideration before these recent developments explored adding extra multi-miles-wide transit lanes that would cut through the designated offshore wind areas in several places. The Coast Guards findings and the developers unified commitment to that standard should make it clear that that option, known as Alternative F in the SEIS, is unnecessary. And putting substantially more area off limits to clean energy generation unnecessarily seems like the exact wrong way to go given our need for clean energy.

A sample transit lane through one of the lease areas (Vineyard Winds), showing one of the areas that would be off-limits to turbines under the SEISs Alternative F.

Lucky for us, this comment period is a chance to communicate important considerations like that to BOEM, and to reinforce the importance of both offshore wind and science-based decision making. You can easily and quickly weigh in with written comments to BOEM.

Nows a crucial time, because the comment period ends on July 27. And because US offshore wind has been a long time in coming, and we need it, like, yesterday.

Heres how I put it in my comments to BOEM during one of the virtual hearings on the SEIS earlier this month:

In my almost three decades of working in the power sector, I have never seen an opportunity like were seeing now with offshore wind. The lengthy process to date, and now a strongly supportive SEIS, provide a strong basis for moving forward, with appropriate attention to mitigation. What comes of this process isnt about just one project; its about every project in the queue behind it, and about fidelity to science, and facts, and good decision making.

After years of consideration of offshore wind in these parts, its time for us to act, and to begin to realize the tremendous benefits of offshore wind.

This is your chance to help make it happen.

Photo: Erika Spanger-Siegfried/UCS

Photo: Andy Dingle/Wikimedia Commons

Bureau of Energy Management

Bureau of Ocean Energy Management

Posted in: Energy Tags: Offshore wind

Support from UCS members make work like this possible. Will you join us? Help UCS advance independent science for a healthy environment and a safer world.

Read more here:

US Offshore Wind Projects Face Make-or-Break Moment - Union of Concerned Scientists

Scottish utility group SSE has said it hopes to build an offshore wind farm in Ireland by 2025.

The companys Arklow Bank project of at least 520 megawatts was recently added alongside a list of projects to be fast-tracked by the Irish government.

SSE is also eyeing the growing area of floating offshore wind farms that could allow development in vast new areas of the world, such as Japan, Korea and the US West Coast where the seabed is too deep for traditional, fixed installations.

Its inevitable floating wind will come to the fore, Jim Smith managing director of SSE Renewables said.

SSE is planning an expansion of its renewable power business to compete globally for the growing market for massive wind farms. Id like to see us become a global supermajor, Mr Smith said. Who wouldnt if they were running our business?

While its become one of the biggest developers in the UK, the largest market for offshore wind farms, SSE has been slow to branch out of its home territory. With construction set to begin on a number of developments, the company is eyeing growth in a space where seasoned competitors like Denmarks Orsted and Spains Iberdrola are already duking it out for market share.

SSE plans to expand its wind business into two more markets within the next five years, Mr Smith said. Its looking at opportunities in northern Europe, the US and Japan, he added.

With a record-low bid last year to build a giant wind farm off the coast of England, the company has shown that it knows how to win competitive government auctions to build the green power plants at sea.

For offshore wind, SSE would look to partner with a local developer in whatever market they move into to work on a project at an early stage. For wind farms onshore, the company is looking to acquire a developer with a pipeline of projects at various stages of progress and about 1 to 2 gigawatts of capacity, Mr Smith said.

We are continuing to look at a few markets and when the right opportunity comes along we will make a move.

For now, the company is focused on delivering on a huge pipeline of projects. Last year, SSE and Norwegian energy company Equinor won a joint bid to build the worlds biggest wind farm at sea, the 3.6-gigawatt Dogger Bank.

The company also recently made final investment decisions on two other massive wind projects: a 443-megawatt wind farm on the Shetland Islands in Scotland, and the 1.1-gigawatt Seagreen installation off the Scottish coast.

All told, SSE plans to invest 7.5 billion (8.3 billion) by 2025 in projects that will cut greenhouse gas emissions. The utility has said that its balance sheet and divestments can support this growth, and that capital and investment spending on less strategic or less advanced projects will be deprioritised or deferred.

Weve got a lot on our plate to deliver, Smith said. - Bloomberg

See original here:

SSE plans to build offshore wind farm in Ireland by 2025 - The Irish Times

Frances National Commission for Public Debate (CNDP) has launched a public consultation on future floating wind projects offshore southern Brittany.

The countrys Multiannual Energy Programme (Programmation pluriannuelle de lnergie (PPE)) calls for 8.75 GW of offshore wind capacity to be put out to tender between 2020 and 2028, and for the development of up to 6.2 GW of operating capacity throughout the same period.

Two of those tenders will be for a 250 MW floating wind project off Brittany in 2021, and for a wind farm with the capacity of up to 500 MW from 2024 onward. The projects are planned to have a shared connection to the grid.

The public consultation will run from 20 July to 30 November and is expected to help the Ministry of Ecological Transition decide on the potential site of the projects. The wind farms are expected to be built in an area covering around 600 km2.

The consultations carried out in Brittany over the last several years have already identified areas suitable for the establishment of new offshore wind farms.

Additional topics of the consultation will include the methods for the projects integration into the grid, the maintenance of the wind farms, as well as issues related to the environmental impact of the projects.

Continued here:

France Opens Public Consultation on Floating Wind Offshore Brittany - Offshore WIND

7/17/2020

OSLO - In the first half of 2020, activity on the Norwegian shelf has been characterized by the coronavirus situation with restrictions on activity, a drop in demand and a declining oil price.

This spring, based on the extraordinary situation in the oil market, the Norwegian government decided to cut oil production as of June and through the rest of the year to contribute toward more rapid stabilization of the oil market than what the market mechanism alone would have ensured.

"There is still a basis for high, long-term value creation on the Norwegian shelf. The political decisions have helped stabilize an extraordinary and demanding situation. The temporary change will contribute to a continued high activity level, on par with what we forecasted before the pandemic and the drop in the oil price," Director General Ingrid Slvberg says.

Following a clarification of the temporary change in the Petroleum Tax Act, two plans for development and operation have been submitted to the authorities for approval. These are the partial electrification of Sleipner and Hod re-development. It is also encouraging that the partners in the Krafla/Askja area have agreed on plans to develop the resources here.

"At the same time, we have noted that exploration activity has declined and will be lower this year than we presumed in January. However, we are experiencing that the companies are not cancelling exploration wells, but rather postponing them until next year," says Slvberg.

Production

At the end of April, the authorities decided to cut Norwegian oil production by 250,000 barrels per day in June and by 134,000 barrels per day in the second half of the year. This was done to help stabilize the oil market faster, which is important out of consideration for sound resource management and the Norwegian economy.

The NPD has assisted the MPE in its work on regulating production. Production from gas and condensate fields, transboundary fields with short remaining production lifetimes and mature fields will not be cut.

Total petroleum production in the first half of 2020 amounted to 115.2 million standard cubic meters (Sm3) of oil equivalents (o.e.). This was distributed across around 49.1 million Sm3 of oil, 56.7 billion Sm3 of gas and 9.4 million Sm3 of NGL and condensate.

In spite of the consequences of Covid 19 and the production regulation, oil production was around 11 million Sm3 higher than in the first half of 2019. This was primarily caused by the first phase of Johan Sverdrup starting full production this spring. The field has proven to deliver beyond initial forecasts.

Gas sales for the first half of 2020 are 4.6 billion Sm3 lower than the corresponding period last year. Gas prices have been low recently, and production is adapted to such market fluctuations.

84 new development wells have been drilled so far this year; this is close to the same level as last year. Drilling wells is the single most important measure toward increasing recovery, which means that it is crucial to drill more wells.

"The companies are doing good work to create value on the fields. This work must continue, fields must be operated efficiently the companies also have to develop, test and utilize new technology to improve recovery and cut emissions", says the NPD's Director for Development and operations, Kalmar Ildstad.

As of 30 June, 88 fields were in production; 66 in the North Sea, 20 in the Norwegian Sea and two in the Barents Sea. Two new fields have come on stream so far this year, Skogul in the North Sea and rfugl in the Norwegian Sea. Both are subsea developments tied into existing fields. Skogul is tied into the Alvheim production and storage vessel via the Vilje field. rfugl, which is being developed in two phases, is tied in to the Skarv production and storage vessel (FPSO). Both fields are operated by Aker BP.

Read the original here:

Norway's offshore oil and gas activity accelerating in 2H 2020 - WorldOil

By Mark Goalen, Offshore Engineering Director, Houlder Ltd

The offshore wind market is maturing rapidly as the world transitions to cleaner energy. Indeed, the BP Energy Outlook 2019 anticipates significant growth of the sector, suggesting that the percentage of generated wind energy in the renewable market will be more than double by 2040. Meeting this rapid growth in demand presents huge challenges in design, technology and engineering. To make the transition economical, wind farm developers and operators are prioritizing efficiencies in cost and performance across all aspects of the operation.

Sea fastening is the routine practice of fastening cargos to the ship for transport, either to the site of installation or transit from port to port. As component sizes increase, the challenge of transportation becomes more acute. Executed properly, sea fastening enables the safe and efficient transportation of project equipment, minimizing the number of trips required to install the wind farm equipment. This critical stage of the installation process must not be underestimated not least in terms of the value it has the potential to deliver.

Over the last 30 years, the blade diameters of offshore wind turbines have more than quadrupled. Indeed some of the newest blade designs are double the length of a Boeing 747, and it is anticipated that this growth will continue. As experience is gained, and the technology develops, the turbines get larger to generate more power.

As the components increase in size and at a significant rate, the industry is pondering the optimum design for the next generation of installation vessel.In the meantime, however, the existing fleet is being pushed to the limit.Particularly as there is commercial pressure to maximize the amount of equipment on the vessel per trip to help decrease the overall cost of offshore wind farm installation. This significantly increases the project risks associated with transportation and installation.

The importance of sea fastening in this context is often undervalued this is not as simple as a standard offshore container sitting on a deck well within the allowable variable deck load. For todays wind farm installations, the components do not only differentiate in size and weight, but also shape. The blades need to be transported in racks, the monopiles in cradles, and the towers on grillages; all of which must be designed to fit. This is sea fastening, but not as we knew it.

When particularly large equipment is secured to a vessel, the loading conditions must be checked to ensure the vessel remains stable and within the operationally compliant restraints of draught and trim.

Additionally, the weight and height of these components adjusts the vessels motion characteristics. Therefore, bespoke vessel motion must be derived to determine the forces the equipment will impart into the hull as the vessel rolls and pitches while at sea. The length of the blades and sometimes monopiles means that they can overhang the edges of the hull, meaning additional green water analysis may be required.

The structural analysis, design and engineering work follows confirmation of stability and the determination of vessel motions. It is essential that the structural interface for each piece of equipment is designed to transmit the loads into the vessel structure without overstressing and damaging the hull or the connecting interface.

For jack up vessels, it is also important to check hull strength in the jacked-up condition, and that the forces pushing down on each of the legs does not exceed the allowable seabed limitations. The leg forces can vary significantly when the vessel crane lifts the wind farm components, and so several scenarios must be considered.

Experienced, practical analysis is essential to ensure proper securing and sea fastening of high-value cargoes to guarantee a projects success. Developing an offshore wind farm involves specific and expert engineering, from concept design to installation, into operation and finally decommissioning. Every element is closely interlinked and therefore decisions must not be taken in isolation the wider picture must always be considered.

This is why analytical capability alone is insufficient; structural analysis is just one piece of the puzzle. There is a seamless chronology between understanding stability and vessel motions before then delivering on design. For example, what are the practicable options when an allowable vessel limit is exceeded or is so-close to exceedance that further calculation is required to prove it is acceptable? Every decision has a knock on effect, which is why throughout the entire process considerable experience is needed across each and every element to engineer reliable solutions which facilitate safe, timely, and cost-efficient delivery.

Progress necessitates change in the swiftly advancing offshore wind space, particularly as global societal pressure increases the move to cleaner energy sources, while development costs continue to be driven down. To safeguard investment, protect assets and maximize efficiencies, integrated design and engineering remains critical in navigating the evolving challenges of this swiftly emerging sector.

Houlder has completed multiple fixed bottom offshore wind sea fastening projects for various clients. During the course of these projects it has designed the structural interfaces between all of the primary offshore wind components and the vessel tower grillages, blade racks, substructures, TP grillages, monopile cradles as well as various ancillary equipment that goes along with the mobilization. Each project is different and presents its own unique challenges.

When designing the primary support structure for any of the main components, the main interface is usually a straight forward process.The challenge is transferring the loads into the vessel to avoid underdecks strengthening or fatigue issues while working within fixed vessel parameters such as crane reach and height, loading condition ballast limits, and avoiding clashes with areas that require access or walkways for safe operations, etc. Careful consideration to each limitation, and a multidisciplinary team that can work effectively together and in parallel is the key to a successful outcome within the planned timeframe.

There are always additional requirements that present themselves where an efficient engineering team can add real value to the project. Houlder has designed lifting arrangements (including spreader beam) to improve mobilization times of blade rack substructures that were not originally designed to be lifted in one unit. It has also added and repositioned boat landing platforms, and relocated crane boom rests, for example. In addition to back deck equipment, Houlder has relocated life rafts and FRCs to avoid project equipment and is familiar with the requirements for class approval of safety-related equipment.

Houlder has also provided quick responses to queries during mobilization. Wrong bolt grades being delivered, slings that are shorter, and a lower SWL than requested, uneven decks, are all things that have arisen and been resolved quickly without holding up the mobilization.

Go here to see the original:

Why sea fastening is critical to safe and efficient offshore wind installation - Windpower Engineering

A lawyer from Iloilo City has vowed to seek an investigation of the findings of an international group of journalists that the Panay Electric Co. (PECO) and its owners, the Cacho family led by its patriarch Luis Miguel Cacho, opened three offshore companies in the Bahamas with the help of a Singapore-based in vestment firm.

PECO used to distribute electricity in Iloilo City.

The offshore accounts owned by PECO and the Cacho family were discovered in an international investigation of two databases that had been fed for nearly 30 years by two companies: Singapore-based Portcullis TrustNet and British Virgin Islands (BVI)-based Commonwealth Trust Ltd.

Lawyer Zafiro Lauron said he would ask the Anti-Money Laundering Council to open an investigation of the offshore bank accounts of the Cacho family and PECO.

I will pursue this case on behalf of Ilonggos who suffered from paying electricity bills almost double of those being paid by people in Metro Manila, he added.

The International Consortium of Investigative Journalists (ICIJ) listed PECO as one of the owners of two companies while Luis Miguel Cacho owned one investment company, all registered in the BVI, a tax haven favored by wealthy families.

The ICIJ, a global network of more than 190 investigative journalists in more than 65 countries, came out with batches of documents of secret registration of paper companies in tax havens all around the world.

According to the consortium, among the documents found in the data leaked to the group called the Offshore Leaks Papers were thousands of documents listing the paper companies that were registered in the BVI by Portcullis TrustNet Fund Services Ltd., a company owned by Singapore-based Portcullis Services Pte. Ltd.

The ICIJ found that PECO and members of the Cacho family registered at least three companies in the BVI at a period when Iloilo City officials and Ilonggos demanded that PECO account for the high levels of profits that it had declared for its shareholders.

The ICIJ web page showed that the late Luis Miguel Cacho registered a company called the Costa Group Investments Ltd. on April 11, 2000, with an address listed as Portcullis Trustnet Chambers, PO Box 3444 Road Town Tortola, BVI.

Listed as members of its board of directors were Luis Miguel Ayesa Cacho, also corporate secretary, Jose Maria Cacho and William Michael Valtos Jr.

Luis Miguel was also the president and chief operating officer of PECO, while his son Marcelo is PECOs head of public engagement and government affairs.

According to the ICIJ, PECO also set up two other companies in the BVI.

The utility firm lost its franchise to distribute power in Iloilo City early this year.

Continue reading here:

Probe utilitys offshore accounts The Manila Times - The Manila Times

The new heavy load deck carrier chartered by MHI Vestas, MV BoldWind, has made its first port call in Esbjerg to unload wind turbine blades for the Moray East offshore wind farm.

The vessel, owned and operated by United Wind Logistics (UWL) and hired by MHI Vestas under a long-term charter agreement, embarked on its maiden voyage from China to Europe after it was delivered this May.

MV BoldWind was built by Jiangsu Zhenjiang Shipyard in Zhenjiang, which is expected to soon deliver another such vessel to UWL, MV BraveWind, launched in mid-June.

The MV BraveWind has also been chartered by MHI Vestas.

The 148.5-metre deck carriers, equipped with diesel electric propulsion, have a deadweight of 10,000 tonnes, a deck length of 128 metres, and a width of 28 metres.

UWLs shipbuilding contract with Zhenjiang Shipyard comprises an option for two additional vessels.

Continue reading here:

BoldWind Offloads First Offshore Wind Cargo in Port of Esbjerg - Offshore WIND

Partrac, MetOceanWorks and Cooper Marine Advisors are carrying out a detailed assessment of the geomorphology of SSE Renewables Arklow Bank Wind Park Phase 2 offshore wind project.

The consortium partners are currently in the second stage of their project, following the completion of the first round of work at the end of 2019.

Last year, the team provided a comprehensive literature review, an initial phase of numerical modelling and recommendations for detailed site investigations, including metocean and geophysical surveys.

Now, in Stage 2, Partrac and partners are utilising the survey data to provide local validation of the modelling tools which will be used to support a long-term assessment of the lease area, export cable route and surrounding areas.

The geomorphological assessment compliments our engineering work streams, allowing us to make decisions with increased knowledge and therefore confidence. We are pleased to be working with the Partrac consortium toward delivery of Stage 2 of this exciting project, said John Davidson, SSE Offshore Geotechnical Engineer.

In mid-July, Partrac informed that it provided metocean survey and consultancy services for three offshore wind projects currently under development in Ireland.

The Arklow Bank Wind Park Phase 2, located off the East Coast of County Wicklow in the Irish Sea, has a consented minimum installed capacity of 520 MW.

The offshore wind farm is planned to be built by 2025.

Continued here:

Partrac and Team Working on Arklow Bank 2 - Offshore WIND

Vattenfalls results for the second quarter of the year show a decrease in net sales and underlying operating profit of its wind business, compered to the same period in 2019.

The company posted the Q2 results on 21 July, stating that the decrease is due to lower wind speeds, lower electricity prices and lower availability, mainly in offshore wind.

Vattenfalls wind unit had a net sales of SEK 2.2 billion (approximaterly EUR 215 million) in Q2, while in the same period last year this stood at SEK 2.76 billion (approx. EUR 270 million). Second quarters underlying operating profit was SEK -144 million (approx. EUR -14 million); in Q2 2019 it was SEK 365 million (apprpx. EUR 35 million).

Looking at the first six months of the year, net sales and underlying operating profit for the wind energy unit increased as a result of new capacity and higher production from strong winds early in the year. The new capacity that contributed to higher first half figures is mainly attributed to the Horns Rev 3 offshore wind farm in Denmark. The H1 results were also partly offset by lower electricity prices.

On the same day it reported its financial results, Vattenfall also announced its President and CEO Magnus Hall decided to leave the company.

Hall, who has held the position for the past six years, will resign no later than 31 January 2021.

The Board will now start the recruitment process for a new President and CEO with the goal to make a smooth succession. Vattenfalls existing strategy and financial targets remain unchanged, said Lars G Nordstrm, Vattenfalls Chairman of the Board of Directors.

Go here to see the original:

Vattenfall Reports Lower Q2 Wind Figures, Announces Resignation of CEO - Offshore WIND

Up Market Research (UMR), a prominent market research firm in its own industry, has published a detailed report on Global Offshore Supply Vessel (OSV) Market. This market research report provides comprehensive and in-depth analysis on the market which can possibly help an enterprise to identify lucrative opportunities and assist them with fabricating creative business strategies. The market report provides information about the current market scenario regarding the global supply and demand, key market trends and opportunities in the market, and challenges and threats faced by the industry players.

The Offshore Supply Vessel (OSV) market report talks about the competitive scenario among the industry players and imparts aspiring and emerging industry players with the future market insights in a detailed manner. This market report includes crucial data and figures which are structured out in a concise yet understandable manner. The research report covers the updates on the government regulations and policies which illustrates key opportunities and challenges of the market. Up Market Research (UMR) has been monitoring the market since few years and collaborated with eminent players of the industry to give better insights on the market. It has conducted vigorous research and implied robust methodology to provide accurate predictions about the market.

You can buy the complete report on @ https://www.upmarketresearch.com/buy/offshore-supply-vessel-market-research-2019

Impacts of Advancements and COVID-19 on the market.

Amidst the COVID-19, few segments of the market have witnessed a disruption due to the gap in supply and demand which has impacted the growth of the Offshore Supply Vessel (OSV) market. Along with this, the latest advancements have changed the market dynamics of the market. This research report covers the wide-range analysis of the COVID-19 impact to the industry and gives out insights on the change in the market scenario due to the advancements.

Request a Sample report before buying the report @ https://www.upmarketresearch.com/home/requested_sample/64293

Market Segmentation

Some of the major companies that are covered in the report.

Edison ChouestTidewaterBourbon OffshoreGulf MarkMaersk Supply ServiceFarstad ShippingHornbeckSwiresDOFDeep Sea SupplyHarvey GulfSeacor MarineSiem OffshoreSolstad OffshoreCoslIsland OffshoreHavilaPACC Offshore Service

Note: Additional companies

Based on the type, the market is segmented into

AHTSPSV

Based on the application, the market is segregated into

Oil and Gas Exploration and ProductionOffshore ConstructionMilitary

Based on the geographical location, the market is segregated into

Asia Pacific: China, Japan, India, and Rest of Asia PacificEurope: Germany, the UK, France, and Rest of EuropeNorth America: The US, Mexico, and CanadaLatin America: Brazil and Rest of Latin AmericaMiddle East & Africa: GCC Countries and Rest of Middle East & Africa

Up Market Research (UMR) provides yearly updates on the Offshore Supply Vessel (OSV) market that assist the clients to stay ahead in the competitive space.

Why one should buy this Offshore Supply Vessel (OSV) Report?

The market research report provides all valuable constituents of the market such as revenue growth, product pricing & analysis, growth potential, and guidelines to tackle the challenges in the market. The report covers all the crucial mergers & acquisitions, partnerships, and collaborations that created further created opportunities or in some cases, challenges for the industry players.

This report includes latest product news, advancements, and updates from the prominent player of the industry that has leveraged their position in the market. It also provides business strategies implemented by the key players and yardstick to arrive on informed business decisions. Moreover, it gives insights on the consumer behavior patterns that can help the enterprise to curate the business strategies accordingly.

Up Market Research (UMR) bestows the clients with the specialized customized options related to the regional analysis, company analysis, and product analysis, among others.

Complete Table Content of the Market

Executive Summary

Assumptions and Acronyms Used

Research Methodology

Offshore Supply Vessel (OSV) Market Overview

Offshore Supply Vessel (OSV) Supply Chain Analysis

Offshore Supply Vessel (OSV) Pricing Analysis

Global Offshore Supply Vessel (OSV) Market Analysis and Forecast by Type

Global Offshore Supply Vessel (OSV) Market Analysis and Forecast by Application

Global Offshore Supply Vessel (OSV) Market Analysis and Forecast by Sales Channel

Global Offshore Supply Vessel (OSV) Market Analysis and Forecast by Region

North America Offshore Supply Vessel (OSV) Market Analysis and Forecast

Latin America Offshore Supply Vessel (OSV) Market Analysis and Forecast

Europe Offshore Supply Vessel (OSV) Market Analysis and Forecast

Asia Pacific Offshore Supply Vessel (OSV) Market Analysis and Forecast

Middle East & Africa Offshore Supply Vessel (OSV) Market Analysis and Forecast

Competition Landscape

If you have any questions on this report, please reach out to us @ https://www.upmarketresearch.com/home/enquiry_before_buying/64293

About the Company

Up Market Research (UMR) is the largest aggregator of the market research report in the industry with more than 800 global clients. The company has extensively invested in the research analysts training and programs to keep the analyst tapped with the best industry standards and provide the clients with the utmost experience. Our dedicated team has been collaborating with the industry experts to give out the precise data and figures related to the industry. It conducts primary research, secondary research, and consumer surveys to provide an in-depth analysis of the market. The market research firm has worked in several business verticals and has been successful to earn high credentials over the time.

Contact Info UpMarketResearchName Alex MathewsEmail [emailprotected]Website https://www.upmarketresearch.comAddress 500 East E Street, Ontario, CA 91764, United States.

Link:

Offshore Supply Vessel (OSV) Market Size Technological Advancement And Growth Analysis With Forecast To 2025 - Cole of Duty

According to the plan, offshore wind will supply 23% of the electricity to customers throughout the state by 2050.

The state has developed a road map for how it will build 7,500 megawatts of offshore wind capacity off the coast within 15 years, a goal the Murphy administration says will help New Jersey become a hub for the fast-growing sector.

The draft Offshore Wind Strategic Plan (OWSP) offers no new major revelations, but instead focuses on a series of priorities the state intends to follow in trying to build a robust offshore wind industry here while protecting its environmental and natural resources, as well as commercial and recreational fisheries.

Offshore wind is viewed as a critical component of the states efforts to combat climate change and seen as key to help grow a green economy in New Jersey and provide thousands of high-paying jobs. By 2050, offshore wind will supply 23% of the electricity to customers throughout the state, according to the 501-page plan.

The development of New Jerseys offshore wind infrastructure will create thousands of high-quality jobs, bring millions of investment dollars to our state, and make our state a global leader in offshore wind development and deployment, Gov. Phil Murphy said in a preamble to the draft plan.

The clean-energy goal, however, has raised concerns among consumer advocates and business groups, who fear the transition to cleaner energy will spike what they view as already steep energy bills for residents and businesses in New Jersey.

The draft plan does not address potential costs in detail, although it acknowledges the upgrading of port facilities around New Jersey to serve the offshore wind sector will require hundreds of millions of dollars in investments.

The goal of the OWSP is to ensure competition, competitive pricing, net economic benefit, environmental and natural resource protection and the overall best value for New Jersey ratepayers, according to the plan.

Nevertheless, it does not offer a rough estimate of what it will take to build out the 7,500 MW offshore capacity and it does not provide associated costs for that process, including the numerous financial incentives mentioned in the draft, the cost of upgrading port facilities, and numerous studies it suggests need to be undertaken to protect natural resources and fisheries.

We support offshore wind, said Dennis Hart, executive director of the Chemistry Industry Council of New Jersey, but at some point, the state Board of Public Utilities has promised its analysis of what it will cost ratepayers. So far, we havent seen anything.

BPU President Joseph Fiordaliso, at the agencys bimonthly meeting on Wednesday, described the draft as providing a comprehensive road map to achieving the goal of 7,500 MW of offshore wind by 2035, while providing the best value to ratepayers.

The draft offers a series of recommendations focusing on five priorities: protection of environmental and natural resources; maintaining viable commercial and recreational fisheries; building a supply chain and training a workforce; identifying potential ports and harbors to serve the sector; and addressing the transmission infrastructure to bring power from the offshore wind farms to residents and businesses.

The latter issue has been controversial with offshore wind developers, so far, opting to build those lines to points on land. Others advocate a so-called backbone transmission system that would allow wind energy to be wheeled up and down the coast. The draft recommends further study on the issue.

The draft suggests two ports will have significant roles in early development of offshore wind the New Jersey Wind Port in Salem County adjacent to the nuclear units there and Paulsboro. They will be especially critical in the rollout of the states first offshore wind farm by rsted 15 miles from Atlantic City. The 1,100 MW Ocean Wind project is not expected to be operating until 2024.

The BPU is expected to seek an additional solicitation for offshore wind projects later this year.

Read the original post:

New Road Map for Murphy Administrations Offshore Wind Ambitions - NJ Spotlight

Trending Offshore Cable Market 2020: COVID-19 Outbreak Impact Analysis

Chicago, United States The Offshore Cable market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations

The Offshore Cable market report 5 Years Forecast [2020-2025] focuses on the COVID19 Outbreak Impact analysis of key points influencing the growth of the market. The intelligence report prepared contains details on the leading players of the Global Offshore Cable Market, along with various depending aspects related and associated with the market. Profile the Top Key Players of Offshore Cable, with sales, revenue and global market share of Offshore Cable are analyzed emphatically by landscape contrast and speak to info. Upstream raw materials and instrumentation and downstream demand analysis is additionally administrated. The Offshore Cable market business development trends and selling channels square measure analyzed. Offshore Cable industry research report enriched on worldwide competition by topmost prime manufactures which providing information such as Company Profiles, Gross, Gross Margin, Capacity, Product Picture and Specification, Production, Price, Cost, Revenue and contact information.The report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the Offshore Cableindustry. Growth of the overall Offshore Cablemarket has also been forecasted for the period 2020-2025, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

>>>>>>This Report Covers Leading Companies Associated in Worldwide Offshore Cable Market: [ ABB, Nexans, NKT, Prysmian, General Cable, Sumitomo Electric Industries, Parker Hannifin, LS Cable & System, TPC Wire & Cable, Fujikura, JDR Cable Systems, Able, Brugg Cables, LEONI, Fujikura ]>>>>>>To know How COVID-19 Pandemic Will Impact This Market/Industry | Request a sample copy of the Offshore Cable Market report:

Key Issues Addressed by Offshore Cable Market: The Offshore Cable report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. This report provides an in-depth analysis of parent company market trends, macroeconomic indicators and dominant factors, and market attractiveness by segment.

Our exploration specialists acutely ascertain the significant aspects of the global Offshore Cable market report. It also provides an in-depth valuation in regards to the future advancements relying on the past data and present circumstance of Offshore Cable market situation. In this Offshore Cable report, we have investigated the principals, players in the market, geological regions, product type, and market end-client applications. The global Offshore Cable report comprises of primary and secondary data which is exemplified in the form of pie outlines, Offshore Cable tables, analytical figures, and reference diagrams. The Offshore Cable report is presented in an efficient way that involves basic dialect, basic Offshore Cable outline, agreements, and certain facts as per solace and comprehension.

Key point summary of the Offshore Cable market Report:

1) Examining the overall market, underlining the recent trends and SWOT analysis2) Offshore Cable Market scenario, focused on the growth opportunities in the market in the coming years3) Analysis of the different market segments, including qualitative and quantitative research and studies the impact of both economic and non-economic factors4) Inspection of the market at regional and global levels focusing on the demand and supply factors affecting the growth of the Offshore Cable market.5) Market size (USD Million) and volume (Units Million) statistics for all market segment and sub-segment6) Competitive analysis with Offshore Cable market share of leading market players, shedding light on project launches and tactical approaches implemented by the players in the last five years7) Extensive company profiling comprising of the product offerings, key financial facts and figures, recent developments, SWOT analysis, and strategic initiatives by the major firms in the Offshore Cable market

The analysis includes market size, upstream situation, market segmentation, market segmentation, price & cost and industry environment. In addition, the report outlines the factors driving industry growth and the description of market channels.The report begins from overview of industrial chain structure, and describes the upstream. Besides, the report analyses market size and forecast in different geographies, type and end-use segment, in addition, the report introduces market competition overview among the major companies and companies profiles, besides, market price and channel features are covered in the report.

Competitive Landscape:

The competitive analysis of major market players is another notable feature of the Offshore Cable market report; it identifies direct or indirect competitors in the market.

The Offshore Cable market report provides answers to the following key questions:

At what rate is the Offshore Cable market expected to grow in size in the forecast period? What are the key factors influencing the global Offshore Cable market growth? Which significant market trends are driving the growth of the global Offshore Cable market? Which factors are the determinants of the market shares of the leading geographies across the globe? Who are the leading participants in the industry and what are the strategies adopted by them in the global Offshore Cable market? What are the opportunities and challenges encounters by vendors in the global Offshore Cable market? Which trends, drivers and challenges are affecting the growth of the industry? What is the outcome of the PESTEL analysis of the global Offshore Cable market?

Analysis of Global Offshore Cable Market: By Type Inter-array CableExport Cable

Analysis of Global Offshore Cable Market: By Application Offshore Wind TurbineOil and Gas Drilling

Offshore Cable Market Regional Analysis Includes:

Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia) Europe (Turkey, Germany, Russia UK, Italy, France, etc.) North America (the United States, Mexico, and Canada.) South America (Brazil etc.) The Middle East and Africa (GCC Countries and Egypt.)

The Research Study Focuses on:

Market Position of Vendors Vendor Landscape Competitive scenario Manufacturing Cost Structure Analysis Recent Development and Expansion Plans Industry Chain Structure>>> Make an enquiry before buying this report @ https://www.reporthive.com/request_customization/2326060

Why Report Hive Research?:

Report Hive Research delivers strategic market research reports, statistical surveys, industry analysis and forecast data on products and services, markets and companies. Our clientele ranges mix of global business leaders, government organizations, SMEs, individuals and Start-ups, top management consulting firms, universities, etc. Our library of 700,000 + reports targets high growth emerging markets in the USA, Europe Middle East, Africa, Asia Pacific covering industries like IT, Telecom, Semiconductor, Chemical, Healthcare, Pharmaceutical, Energy and Power, Manufacturing, Automotive and Transportation, Food and Beverages, etc.

Get in Touch with Us :

Report Hive Research500, North Michigan Avenue,Suite 6014,Chicago, IL 60611,United StatesWebsite: https://www.reporthive.comEmail: [emailprotected]Phone: +1 312-604-7084

See original here:

Global Offshore Cable Market 2020: Industry, Size, Share, Demands, Growth, Opportunities, Trends Analysis and Forecast Till 2025:::ABB, Nexans, NKT,...

Responsible Wagering Australia (RWA) has warned that an increase in online gambling poses a major threat to responsible gambling in Australia if fuelled by unlicensed overseas websites.

With various reports of a rise in gambling spending in Australia during the pandemic, the online gambling operator association believes they dont paint the full picture.

Instead, RWA is concerned that much of the online gambling growth has been taken up by unlicensed offshore betting websites, and many people are walking around with an unlicensed casino in their pocket.

RWA CEO Brent Jackson, said: Historical consumer credit data is being used to create alarmist reports that gambling has surged during the COVID crisis.

Without context people assume that increases in online gambling during COVID automatically mean an increase in overall gambling activity. This isnt the industry experience, and credible data sources arent suggesting that either.

Online casinos and pokies operate illegally in Australia despite hundreds of overseas websites being accessible with the click of a button.

While its against the law for businesses to provide these betting games to the Australian market, it isnt actually illegal for Australians to access them, and this puts consumers (including children and vulnerable people) at major risk.

Last month at ICE Asia Digital, Office of Liquor and Gaming Regulation (OLGR) Queensland executive director, Michael Sarquis, said online gambling in Australia grew by 140% during the coronavirus pandemic.

Read this article:

RWA: Unlicensed offshore websites pose major threat to responsible gambling in Australia - Gambling Insider - In-depth Analysis for the Gaming...

(Map courtesy Providence Resources)

Offshore staff

DUBLIN, Ireland Providence Resources is in fam-out discussions with SpotOn Energy on exploration license SEL1/11 in the Celtic Sea offshore southern Ireland.

The license includes the Barryroe oil and gas field. SpotOn Energy has confirmed that binding term sheets are now in place with six consortium participants in the fields appraisal and development project, and that it is working with Providence to finalize the work program.

Once agreement has been reached, SpotOn Energy will manage the Barryroe development.

The consortium comprises industry service and supply companies said to hold experience in projects similar to Barryroe, a conventional shallow-water development.

Providence CEO Alan Linn said: Barryroe is one of the largest undeveloped oil and gas fields in Europe When fully developed [it] can provide Ireland with locally produced long-term energy security.

07/20/2020

Read the original:

Consortium in talks to advance Barryroe oil and gas project offshore Ireland - Offshore Oil and Gas Magazine