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The published report explains about the current supply and demand scenario and presents the future outlook of the market in a detailed manner. Up Market Research (UMR) has applied a robust market research methodology to bestow the new entrants and emerging players with 360 wide-view analysis on the latest advancements and their impacts on the market. It has congregated massive amount of data on the key segments of the market in an easy to understand format. The research report has laid out the numbers and figures in a comprehensive manner with the help of graphical and pictorial representation which embodies more clarity on the market.

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Report Covers Impacts of COVID-19 to the market.

The on-going pandemic has overhauled various facets of the market. This research report provides the financial impacts and market disturbance on the Offshore AUV market. It also includes analysis on the potential lucrative opportunities and challenges in the foreseeable future. Up Market Research (UMR) has interviewed various delegates of the industry and got involved in the primary and secondary research to confer the clients with information and strategies to fight against the market challenges amidst and after COVID-19 pandemic.

Market Segmentation:

Few of the companies that are covered in the report.

Kongsberg MaritimeOceanServer TechnologyTeledyne GaviaBluefin RoboticsAtlas ElektronikISE LtdJAMSTECECA SASAAB GroupFalmouth ScientificTianjin Sublue

Note: Additional companies can be included in the list upon the request.

By Product Type:

Shallow AUV (depth up to 100 m)Medium AUVs (depth up to 1000 m)Large AUVs (depth more than 1000 m)

By Applications:

DefenseScientific ResearchCommercial

By Geographical Location: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

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Offshore AUV Market ? Key Players, Size, Trends, Growth Opportunities, Analysis and Forecast To 2025 - 3rd Watch News

Fugrohas beguna four-month marine site characterisationcampaignforSwedish energy groupVattenfallattwo majoroffshore wind development siteslocatedover 40kmoff the coast of Norfolk, UK. Theresulting Geo-datafromFugros geotechnical investigationswillfeed into the ground model forthe Norfolk Vanguard andNorfolk Boreas wind farms, which will have a total installed capacity of 3.6GW,enough to power more than 3.9million homes.

Fugro has mobilised the Fugro Scout to perform surveys and sampling on their latest site characterisation campaign for Vattenfall off the coast of Norfolk, UK

Working from its dynamically positioned (DP2)geotechnicaldrillshipFugro Scout, Fugro is performing surveys and samplingusingits proprietarySEACALFMk VDeepDrivecone penetration testing systemat both sites,and will carry outtestingbothin situ and at the companys world-class soilslaboratoriesinWallingford,UK,and Nootdorpin theNetherlands.Thesite characterisationworkis split across twoprojects:thefirstwillhelpVattenfalloptimisethewind turbinefoundationengineeringdesign;thesecondwillassistVattenfallinselectingthemost efficient cable route from the onshore substation to the turbines.

Rob Anderson, Project Director of Vattenfall UKs Norfolk Vanguard and Norfolk Boreas Projects,said:The Norfolk Vanguard and Norfolk Boreas projects are huge and complicated infrastructure projects requiring long-term planning and support from specialistservice providersduring their development and beyond.We are pleased to partner with Fugro on these important site investigationprojects,who we can rely on to providethe necessaryGeo-dataforthe next phase of engineering and procurement.

John ten Hoope, Fugros Marine Site Characterisation Directorfor Europe and Africa, said: Wehave beena trusted partner of Vattenfallin Europe formany years. These latestoffshore windcontracts havefurtherstrengthenedour workingrelationship, which is based not only on Fugro consistently delivering technical excellence but also on shared company valuesto create a safe and liveable world.

ClickheretowatchashortvideoofFugrosintegratedsolutionfordevelopingoffshorewind farms.

https://www.fugro.com/your-industry/power/offshore-wind

About Fugro

Fugro is the worlds leading Geo-data specialist, collecting and analysing comprehensive information about the Earth and the structures built upon it. Adopting an integrated approach that incorporates acquisition and analysis of Geo-data and related advice, Fugro provides solutions. With expertise in site characterisation and asset integrity, clients are supported in the safe, sustainable and efficient design, construction and operation of their assets throughout the full lifecycle.

Employing approximately9,500talented people in 61countries, Fugro serves clients around the globe, predominantly in the energy and infrastructure industries, both offshore and onshore. In 2019, revenue amounted to EUR1.6 billion. The company is listed on Euronext Amsterdam.

About Vattenfall

Vattenfall is a leading European energy company, which for morethan 100 years has electrified industries, supplied energy to peoples homes and modernised our way of living through innovation and cooperation. We now want to make fossil free living possible within one generation. Thats why we are driving the transition to a sustainable energy system through initiatives in renewable production and climate smart energy solutions for our customers. We employ approximately 20,000 people and have operations mainly in Sweden, Germany, the Netherlands, Denmark, the UK and Finland. Vattenfall is owned by the Swedish state.

Vattenfall has been working in the UK for more than ten years, developing fossil free energy projects. We have grown our windbusiness from one project in 2008 to 11 today. We continue to grow in district heating and power networks, to make fossil free living possible within one generation.

Vattenfall is planning two offshore wind farms off the coast of Norfolk that could power more than 3.9 million UK homes. Norfolk Vanguard has been granted consent and Norfolk Boreas is in the examination phase, with a final consent decision expected in April 2021.

http://www.vattenfall.co.uk/vattenfallinnorfolk

(Visited 5 times, 5 visits today)

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Fugro starts Vattenfall site investigations at two UK offshore wind farms - GISuser.com

An aerial view of an in-ocean salmon farm in Norway.

An executive order issued by President Donald Trump on May 7th moved to open up federal waters to commercial fish farming (aquaculture). The area has previously been off-limits. The executive order intends to promote U.S. seafood production and create a hassle-free regulatory process for offshore aquaculture projects. While the aquaculture industry is celebrating, many conservationists and commercial fishers are not happy with the move.

Coastal waters in the U.S. are managed in zones under different authorities. The Submerged Lands Act of 1953 secured state control over waters from the coastline to three miles out to sea. Beyond that mark, waters are federally managed to 200 miles offshore. This federal zone is called the Exclusive Economic Zone (EEZ). While nearshore aquaculture in the U.S. is regulated by states, there is currently no explicit authority in charge of permitting and regulating aquaculture in federal waters, which provides a significant stumbling block for anyone interested in starting up an offshore fish farm. The executive order designates the National Oceanic and Atmospheric Administration (NOAA) as the government agency lead on all aquaculture projects in the EEZ and also requires that all permitting decisions on new aquaculture projects be made within two years, significantly speeding up the process. An executive order is needed to establish priority amongst the many agencies that have authority in the offshore space, says Margaret Henderson, campaign manager for the aquaculture lobby group Stronger America Through Seafood.

Despite having the largest EEZ in the world, the U.S. currently has no commercial fish farms in any of it. NOAA fishery statistics indicate that approximately 90% of seafood consumed in the U.S. is imported, however this estimate is debated by some that argue that it is far less given the fact that much of the fish caught in the U.S. is exported for processing, only to be sent back to be consumed. Regardless of the percentage, proponents argue that expanding U.S. offshore aquaculture will lower imports and stimulate domestic production.

After taking a beating in sales during the coronavirus pandemic, the seafood industry is still not where it once was. With at least 70% of seafood going to restaurants, the pandemic lockdowns have disproportionately affected sales for seafood suppliers. The executive order provides a way forward for aquaculture projects that have been stalled due to burdensome processes and restrictions. However some argue that by boosting aquaculture, wild fisheries would face even more competition.

Some argue that putting fish farms in our federal waters is short-sighted and ill-informed. Concerns over the spread of disease, antibiotic use, and escapes from fish farms are driving the backlash against the executive order. Another concern is the amount of fish waste that will be deposited in the ocean, which could cause algal blooms due to increased levels of nutrients like nitrogen and phosphorous. Although studies have been done to assess impact of potential offshore farms, scale is an important factor. Impacts seen at a large commercial scale may not be represented in the studies.

These concerns are nothing new, and are rooted in examples from history. However aquaculture has come a long way since its nascent years. Bryton Shang, CEO of tech startup Aquabyte, which uses machine learning to advance aquaculture sustainability, believes that the use of technology in aquaculture will eliminate many of these concerns. Using cameras mounted in fish pens, they can now count the sea lice on each individual fish to keep infestations under control. They also built fish facial recognition software which can determine individual fish size and growth to avoid overfeeding. Cameras can also be used to inspect for damage before there is a catastrophic breakdown leading to escapes. The technology is being used in offshore farms in Norway already.

While in-ocean aquaculture has seen many advancements in technology and infrastructure in recent years, accidents and mishaps still occur. Strong storms can break cages and lead to escapes. Escape of farmed fish is problematic because interbreeding of farmed and wild fish can diminish the fitness of wild species. Shang says that there are still challenges to offshore development; You need to be able to operate these farms without anyone there, which requires more automation, you need to also make sure that theyre managing pollution and parasites, which is where technology can help, but he is confident that the U.S., while late to the game of offshore aquaculture, can benefit from the advancements that have already been developed around the world to start strong.

The aquaculture industry is pushing hard for offshore production, saying that compared to other forms of protein, seafood is about as environmentally-friendly as it gets. Faced with an exploding population, advocates say we have to think about the inevitable: feeding more people with the same amount of space. Farming fish in greater volumes is one proposed solution, and doing so in our own waters makes economic sense. Environmentalists argue that we should not rush to bolster the industry without sound science to back up the claims that the environment will be protected. If the impact turns out to be worse than advertised there may be a big environmental price to pay.

View post:

The Pros And Cons Of Expanding United States Offshore Aquaculture In 2020 - Forbes

Swire Blue Ocean (SBO) has secured a contract with MHI Vestas for the transportation and installation of turbines at the Seagreen offshore wind project in Scotland.

Seagreen will comprise 114 MHI Vestas V164-10 MW turbines located some 27 kilometers off the Angus coast.

SBO expects to commence the installation of the units in the second half of 2021.

Upon completion of Seagreen, offshore wind turbines installed by our vessels should be capable of meeting the energy needs of more than half of Scottish households; which is a great achievement for our company, said SBO CEO Mikkel Gleerup.

We could not have reached this phenomenal milestone without committed project partners such as MHI Vestas and SSE, companies that have demonstrated dedication to the expansion of offshore wind in Scotland.

SSE Renewables reachedthe final investment decision (FID)for Seagreen in early June, when it also announced that Total would take a 51% stake in the project.

The 1,075 MW wind farm is planned to be commissioned in 2024.

Read more:

Swire Blue Ocean to Install Seagreen Turbines - Offshore WIND

(Map courtesy Kinsale Energy)

Offshore staff

CORK, Ireland Petronas subsidiary PSE Kinsale Energy has shut down gas production from the Kinsale Head field offshore southern Ireland.

Marathon Oil discovered the field in 1971, 50 km (31 mi) from the Cork coast and in 90 m (295 ft) of water. The company commissioned two fixed steel platforms, Alpha and Bravo, for the development which came onstream in 1978.

Later the company tied in production from the satellite Ballycotton and Southwest Kinsale fields via subsea facilities, with Ramco Energy subsequently connecting gas from the Seven Heads field in 2003.

These represented Irelands sole source of indigenous gas until Shell developed the Corrib field offshore the Mayo coast of northwest Ireland (now operated by Vermillion Energy). Southwest Kinsale was redeveloped for offshore gas storage.

PSE Kinsale Energy expects decommissioning of the wells and removal of the platform structures to take several years to complete.

07/20/2020

See more here:

Gas production ceases from Kinsale fields offshore southern Ireland - Offshore Oil and Gas Magazine

Confirming receipt of the 10 July 2020 letter from UK HSE principal inspector of health and safety Trevor Johnson, IMCA said it raised concerns about recent incidents in the wind energy industry.

With companies starting to increase activity levels in some areas we believe this letter should act as a timely reminder for all our members to remain vigilant with regards to health and safety, said IMCA.

We are currently defining our approach to the HSEs request; however, the first step is sharing the letter with our members.

In the letter, the HSE noted that UK governments are moving into the next stages of their responses to the Covid-19 pandemic. As work activity increases and following a review of recent Reporting of Injuries, Diseases and Dangerous Occurrences Regulations 2013 (RIDDORs) and data from the various industry bodies, I have concluded that in some sectors of the wind energy industry, improvements in health and safety performance have at best stalled if not reversed, said Mr Johnson.

In 2020, there have been a number of serious incidents both in the UK and elsewhere which could indicate that any reversal may continue. This would be unacceptable.

I know that your organisation and your members state your commitment to improve health and safety; however, there is a renewed need to ensure that all organisations and individuals provide the necessary leadership to ensure health and safety remains an industry priority.

HSE plans to restart proactive site inspections at offshore and onshore windfarms. These inspections will allow HSE to determine if the industry is Covid-19 compliant; performance was not compromised during the pandemic and arrangements to manage health and safety are provided, said Mr Johnson.

The HSE said that while it will continue to consider the holistic approach to health and safety, it will specifically consider a number of matters. These include ensuring work equipment subject to statutory inspection regimes is in a safe condition and arrangements are in place to ensure all inspections are now being carried out; and that arrangements are in place to ensure new entrants into the industry are provided with suitable information, instruction, training and supervision to ensure they work safely.

It also wants to ensure that during the period where social distancing measures are required and thereafter, suitable arrangements for monitoring and auditing performance are provided.

Mr Johnson said the HSE also wants to ensure that well publicised cost-reductions or other pressures do not lead to compromises in health and safety and in particular that work is planned to ensure that revised deadlines are realistically achievable in practice and do not lead to work being conducted in poor weather or dangerous environmental conditions.

Other focus areas include ensuring that emergency response arrangements are provided, fully and regularly tested with lessons learnt incorporated; that arrangements are in place to monitor factors including fatigue and personal circumstances to ensure individual well-being; and incidents, cases of ill-health, dangerous occurrences and safety observations are properly reported, investigated and where necessary, steps taken to prevent recurrence.

I would be obliged if you could forward this letter to your members. If you or any of your members wish to discuss the content of this letter further than please contact me. I would ask you to respond, on behalf of your members by 3 August 2020 indicating the steps that will be taken to deliver health and safety improvements, said Mr Johnson.

Read more:

Health & Safety Executive raises concerns about offshore wind industry - Riviera Maritime Media

Aberdeen offshore rental firm Hiretech has announced it has acquired new equipment as part of a recent six figure investment in decommissioning equipment.

The 600,000 investment was encouraged following client feedback received by Hiretech.

It has resulted in the firm taking receipt of newly built subsea shears and hydraulic grabs.

Duncan Duthie, decommissioning and subsea business development manager, said: We were keen to pinpoint the correct target for our investment, and collaborated with our clients and the manufacturer to go back to first principles for the subsea shears.

We now have shears specifically designed for water depths of up to 10,000 feet with performance, ease of operation and maintenance a priority.

Hiretech, which offers equipment rental and personnel supply to the energy and marine industries, has not been unaffected by the effects of Covid-19 and the recent oil price volatility, its bosses said.

But the firm added that it believes the business environment has now stabilised.

Andy Buchan, Hiretech chief executive, said: Talking to our peers and clients, it is apparent that activity drops through the worst months of the pandemic of up to 70% from last year were not uncommon, although there are definitely encouraging signs of a bump off the bottom at the moment.

Like other businesses, we have had to resize, refocus and reinvigorate our team to meet the new challenges we face.

We see tremendous opportunities for SMEs in the new world.

See the original post:

Hiretech snaps up new offshore equipment as part of recent 600k investment - News for the Oil and Gas Sector - Energy Voice

Norwegian company Aker Solutions is spinning off its offshore wind and carbon capture businesses to shareholders and merging with Kvaerner to create an optimised supplier company.

Kjetel Digre has also been appointed chief executive of Aker Solutions, effective 1 August, to lead the combined company.

Digre joins from Aker BP, where he held the role of senior vice president of operations and asset development.

The spin off its wind and carbon capture businesses to Aker Solutionsshareholders will result in two separate companies expected to be admitted to trading on Merkur Market on the Oslo Stock Exchange.

Aker Solutions chairman Oyvind Eriksen said: Aker Solutions has developed technology and taken strong positions in markets for offshore wind and carbon capture, utilisation and storage.

However, it has become increasingly clear that these businesses represent value creation opportunities in a world transitioning to green solutions at accelerated speed and have more potential as stand-alone companies than as an integrated part of an oil service business.

Renewables and green technologies have entirely different value chains, customers, investor bases and sources of funding.

Capitalising and separating the offshore wind and CCUS business areas from Aker Solutions present a unique opportunity for growth and value creation.

Aker Solutions said it will be an alliance partner and preferred supplier to both companies to create revenue and customer value within the wind and CCUS markets.

Kvaerner and Aker Solutions have entered into a merger plan, whereby the two entities will join forces to create a new supplier company.

Aker Solutions and Kvaerner have agreed to merge the companies based on the principle of equal parties, with the new company called Aker Solutions.

The consolidation will take the form of a statutory merger whereby Aker Solutions will absorb Kvaerner in accordance with the Norwegian Public Limited Liability Companies Act.

Aker Solutions proposed new chairman Leif-Arne Langoy said: By combining the two companies and their complementary resources, we will be able to deliver a more complete offering to a global energy industry.

The combined company will do fabrication at own its facilities or in cooperation with partners around the world.

It will have about 15,000 employees in more than 50 locations in 25 countries around the world, including about 8000 employees in Norway.

Link:

Aker Solutions to spin off offshore wind unit - reNEWS

A coalition of former military officials is urging lawmakers to extend a ban on drilling in the eastern Gulf of Mexico, arguing a lapse in the moratorium will hurt military preparedness.

The letter comes as Florida lawmakers are seeking to extend the moratorium, which expires in June 2022, as Congress grapples with the must-pass National Defense Authorization Act (NDAA), a bill that sets military policy for the year.

The expansive area off Floridas Gulf coast has a long history of providing unconstrained access for military training and testing activities that are essential to our national security, the letter, signed by more than 80 people, states.

The letter argued the Gulf provides more uninterrupted surface and airspace than all other ranges in the lower 48 combined, calling the area an asset that simply cannot be replicated anywhere else.

Simply put, failure to extend the eastern Gulf moratorium poses a threat to Americas military preparedness and threatens our national defense goals," the letter adds.

Sen. Marco RubioMarco Antonio RubioRubio mistakenly tweets tribute to Lewis with picture of late Elijah Cummings GOP senators sound alarm as coronavirus surges in home states 'Everything about this is unprecedented': GOP grapples with its convention amid pandemic MORE (R-Fla.) has proposed an amendment to the NDAA that would extend the offshore drilling ban through 2032.

Another would require the secretary of Defense to sign off on all future lease sales in Floridas Gulf to assure the drilling wouldn't interfere with military operations a move Rubios team says will functionally block any drilling given the history of military opposition tothe practice in the area.

The fear for both Florida lawmakers and the military is another big oil spill like the 2010 Deepwater Horizon disaster, a hit to Floridas ecosystem and its economy.

Military leaders said another months-long cleanup would also hurt training activities.

If our troops cannot practice in conditions found throughout the Gulf Range, they will be less prepared to defend our nation in a time of need, the letter states.

We cannot give up an inch of ground when it comes to the current moratorium," it says.

Read more:

Former military leaders push to extend ban on offshore drilling in Florida gulf | TheHill - The Hill

Atlantic Shores Offshore Wind and Stockton University have entered a sublease agreement for 180 square metres of commercial space, where the offshore wind developer will set up an Educational and Community Outreach Center to host informational events for the local community.

The premises are located on the Boardwalk and Roosevelt Avenues in the Stockton Atlantic City Residential Complex.

Atlantic Shores signed a ten-year lease, effective as of 15 July, with an option for two five-year extensions.

As we progress development of our first wind project, we know its important for the Atlantic City community to have access to us right where they live. We look forward to meeting and listening to residents, advocates and local organizations at this space and using it as a venue to offer educational lectures and labs, said Chris Hart, Managing Director of Atlantic Shores Offshore Wind.

Atlantic Shores is a 50:50 joint venture between EDF Renewables North America and Shell New Energies US LLC.

The special purpose companyholds development rightsfor an offshore wind zone located some 14 to 32 kilometres off the New Jersey coast, between Barnegat Light and Atlantic City, covering some 183,000 hectares.

Within the lease area, which has the potential toaccommodate 2.5 GW of installed offshore wind capacity, the developer plans to build multiple projects over the next decade.

Site investigation and characterisation surveys have been under way since May and will continue through the autumn and winter.

Excerpt from:

Atlantic Shores Offshore Wind Rents Place from Stockton University - Offshore WIND

Fitch Ratings

International rating agency Fitch Ratings is very pessimistic about exploration-focused oilfield service (OFS) companies. The rating agency stated that the sector will face the largest demand decline as a result of oil and gas producers cutting their capex and operating expenditure. These developments will be the same for drillers. Both sectors are going to feel the negative impact of cuts in oil and gas producers capital programs, where exploration investment cuts are expected to be a reduction of 20%-30% in 2020 yoy.

Fitch reported also OFS companies serving projects with high full-cycle costs, such as deep-water offshore assets or shale basins, will also be affected. North America-focused Nabors (B-/Rating Watch Negative) and Precision Drilling (B+/Negative) are exposed to the volatile spending patterns of US shale producers.

OFS diversified companies, exposed to the entire life-cycle of a well, are more resilient. Fitch is reasonably positive about ADES International (B+/Stable), currently servicing customers in Saudi Arabia and Kuwait, while Eurasia Drilling (BB+/Stable) is focused on Russia. Even that they both will be effected by OPEC+ production cuts, their overall performance will continue as their producing areas are lower-cost geographies.

The current overall global downturn will be for an extended period of time, as the OFS market will experience a recovery lag of four to six quarters. Even if oil and gas prices will recover slowly, oil and gas producers, the main clients, will be very cautious about increasing exploration and drilling activity. Even if utilization rates for rigs and vessels will improve to 2019 levels in 2021, day rates and need for new builds will be lagging behind 1-1.5 years at the least.

At the same time, most offshore drillers will be faced very soon by a combination of threats. Most OFS and drilling companies have been stacking an increased amount of assets. The latter is seen as cost saving measure. Still they are facing lower revenues and cash flows the next coming years. This combination is maybe for some even very toxic.

Fitch warns that OFS companies with significant debt maturities up to 2022 will face refinancing challenges. A combination of low operation cash flow generation and lacking access to capital markets could lead to a potential shake out. Ongoing crisis measures in the sector is also not promising, as shedding workforce or closing production facilities by shipyards worldwide decreases flexibility to react to changing markets, and puts several blockades already in place in time of recovery. Sembcorp Marine or Noble Drilling are prime examples of the current crisis situation.

The offshore drilling market could even be facing another major threat, if the news coming out of India is right. In light of the India-China military and geopolitical rivalry, offshore drilling companies and shipyards are now in the crosshairs of the Indian officials.

Potential direct links between international drillers and the Chinese government could be a future threat to the sector. At least in India after that the Indian government has started an assessment of the position of Chinese government-linked investors in Dubai-based Shelf Drilling. The latter offshore driller holds almost 30 per cent market share in Indias shallow water oil drilling market, in terms of drilling rigs on charter.

The issue has come on the table due to the fact that the Indian government and its agencies have restricted, or even banned, the use of Chinese products and services in the country, following the recent flare-up along the border. Shell Drilling, listed on the Oslo Stock Exchange, and a major largest pure-play jack-up oil drilling rig contractor, works in India mostly for state-owned ONGC Ltd, Indias biggest explorer of oil and gas.

News that China Merchants and Great Wall Ocean Strategy & Technology Fund (China Merchants), a $1-billion marine industry-focused fund sponsored by China Merchants Group (CMG), is the largest shareholder of Shelf Drilling with a 19.7 per cent stake, is a possible major security issue.

China Merchants is a $1 trillion diversified group fully owned by the Chinese state. The jack-up rigs were constructed at China Merchants Heavy Industries (CMHI), the worlds largest CJ jack-up drilling rig manufacturer. Shelf Drilling operates eight rigs in India of which seven are currently on contract with ONGC out of the 25 jack-up rigs chartered by ONGC. All seven are deployed in the hyper-sensitive Arabian Sea region. Several of these are located near Mumbai, the financial capital of India.

According to Indian government officials, the presence of the Chinese government in the strategic and sensitive offshore oil drilling sector has become a matter of concern. Since years, Chinese companies linked to the Beijing government are barred from bidding for Indian port construction and operation contracts mainly due to the sour political relations between the two sides. India is also discussing to classify exploration and drilling of oil and gas as a strategically sensitive sector (both economically and for national security), and accordingly provide protection and oversight by restricting participation in the sector to entities.

Taking the Indian developments to a more global power play, the Indian views could be taken over soon by others too. An emerging anti-China position in the EU and USA could result the coming months in a focus on Chinese maritime sector investments and the stranglehold some of these Chinese parties have. Offshore oil and gas projects are until now not regarded very sensitive, but looking at the current production regions and maritime position, an opposite position could be supported very soon.

If these issues are going to play a role, the OFS, and especially offshore rig markets, will be heading for a major restructuring. Blocking or restraining Chinese government interference and power play in oil and gas developments are likely to see some support in Washington, Brussels and India. Domestic support for the struggling maritime sectors in these regions is already available. For offshore vessel or jackup companies it looks to be time of reassessing their options. Better to be prepared than to be confronted by political and security facts without a warning.

For all non-Chinese parties in offshore drilling it will be a necessity to keep an eye on the Indian developments, while addressing other options. COVID already is a Black Swan of unknown importance. Threats from Chinese interference could be having major impact on the valuations of them all.

See the article here:

Betting on Offshore Oil and Gas could be Challenging, as Sector Hit by COVID and China Risks - FX Empire

Transparency Market Research has conducted analysis into the offshore wind turbines market. In terms of value, the global offshore wind turbines market is expected to reach US$120 billion by 2030, expanding at a CAGR of approximately 8% during the forecast period. Based on volume, the global offshore wind turbines market is estimated to reach 65 037 MW by 2030, expanding at a CAGR of approximately 8% during the forecast period. Among foundation types, the monopile segment is anticipated to contract due to increase in average turbine size, which requires large foundations. In terms of location proximity, the shallow water segment held larger share of the global offshore wind turbines market in 2019. However, the trend for deeper waters (up to 60 m) for proposed wind farms is projected to rise by 2030. The 5 MW and above capacity segment is likely to account a major share of the global offshore wind turbines market by 2030 due to installations of large-sized turbines in Europe and Asia Pacific. The offshore wind turbines market in Asia Pacific is expected to expand at a substantial pace during the forecast period. The region installed 2.5 GW of offshore wind capacity in 2019; of this, China installed 2.4 GW capacity.

Major drivers of offshore wind turbines market

Lucrative incentive mechanism with favourable regulatory frameworks for offshore wind power generation is propelling the demand for offshore wind turbines across the globe. Essential support incentive schemes and regulatory frameworks are driving the global offshore wind turbines market. Incentives are anticipated to be provided until the offshore wind power generation technology develops significantly. The offshore wind turbines market is likely to remain largely dependent on policy-based incentive schemes provided to offshore wind power generation projects in order to ensure capacity addition unless considerable reduction in cost is achieved in these projects.

Rapid advancements in offshore wind technologies and addition of large capacity offshore wind turbines are increasingly becoming a possibility with rise in the pace of advancement of offshore wind technology in Europe, the US, and China. This advancement of technology is anticipated to reduce the levelised cost of electricity from offshore wind in the near future. This, in turn, is likely to propel the demand for offshore wind turbines across the globe.

Asia Pacific offers opportunities to offshore wind turbines market

Asia Pacific dominated the global offshore wind turbines market in 2019, owing to significant demand for renewable fuel generation in the region. The wind power sector has been dominated by China and South-East Asia (particularly Thailand and Vietnam). These countries are projected to play a key role in the growth of installations of offshore wind turbines. Rise in penetration of offshore wind turbines in major countries such as China is also projected to boost the offshore wind turbines market in Asia Pacific during the forecast period.

Prominent developments in offshore wind turbines market

In June 2020, Lloyds Register Group Limited announced that it had won a contract to provide consultancy design services for control rooms at the 88 MW Hywind Tampen floating wind farm in the Norwegian North Sea. As part of the human-machine interface (HMI) engineering services contract, Lloyd's Register Group Limited will help with the integration into the existing onshore wind control room for Hywind Tampen, which would be located together with an existing control room for Valemon, an unmanned offshore installation in the North Sea. In June 2020, DEME, a dredging company, announced that the first of 58 Siemens Gamesa turbines had been installed at the 487 MW SeaMade cluster of offshore wind projects off the coast of Belgium. The Belgian firm is tasked with the installation of monopile foundations, subsea cables, and two offshore substations for wind farms.

Competition landscape of offshore wind turbines market

Dynamics of the global offshore wind turbines market are dependent on long-term contracts, goodwill of companies, and product portfolio. Internationally organised players and manufacturers with integrated operations possess competitive advantages due to the expertise in turbine manufacturing and power supply. Major players operating in the global offshore wind turbines market are Enercon GmbH, Siemens Gamesa Renewable Energy, S.A., General Electric, Nordex S.E., Xinjiang Goldwind Science & Technology Co., Ltd, Vestas, Scheidt & Bachmann GmbH, Suzlon Energy Limited,Guodian United Power Technology Company Ltd, and rsted A/S.

Read the article online at: https://www.energyglobal.com/wind/20072020/bright-future-for-the-global-offshore-wind-turbines-market/

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Bright future for the global offshore wind turbines market - Energy Global

What is Offshore Remote Operated Vehicle ?

Remote operated vehicles (ROV) plays a major role in carrying out underwater activities in offshore industries. The offshore industries such as oil & gas requires ROV to perform underwater installation, maintenance and repair of oil pipelines and inspection activities. The ROVs are underwater robots and are controlled by operator from the surface. The ROVs are connected to the ship by series of cables and these cables transmits commands and signals to the operator. Now a days, the ROVs are equipped with HD camera for better inspection of underwater sites. Moreover, the ROV manufactures are also focusing on technological advancements to transform large ROVs into compact ROVs.

Global Offshore Remote Operated Vehicle Market Competitive Landscape

The major players in the market areDeepOcean Group, Inc., DOF ASA, Forum Energy Technologies, Fugro, Helix ESG Group, TeckChek Inc., Oceaneering International Inc., Saab AB, Saipem, Sapura Energy Berhad TechnipFMC PLC, and Teledyne Technologies Incorporation.We also need a market analysis section solely dedicated to major players such as where analysts give us an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. Global Offshore Remote Operated Vehicle market with great emphasis on its market share, recent developments, business overview, market served, and growth strategies.

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Offshore Remote Operated Vehicle Market: Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

As part of Primary research, our analysts interviewed a number of primary sources from the demand and supply sides of the global Offshore Remote Operated Vehicle Market. This helped them to obtain both quantitative and qualitative data and information. On the demand side of the global Offshore Remote Operated Vehicle Market are end-users, whereas on the supply side are distributors, vendors, and manufacturers.

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During our Secondary research, we collect information from different sources such as databases, regulatory bodies, gold and silver-standard websites, articles by recognized authors, certified publications, white papers, investor presentations and press releases of companies, and annual reports.

Offshore Remote Operated Vehicle Market: Regional Analysis

This part of the report includes detailed information on the market in various regions. Each region offers different scope for markets because every region has different government policies and other factors. The regions included in this report areNorth America, Europe, The Asia Pacific, and the Middle East and Africa. Information about the different areas helps the reader to understand better the global market.

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Complete SWOT Analysis of the Global Market

SWOT analysisis one technique that is quite that helps to gain an insight into the past and find a solution for the benefit of current or future blemish, useful for existing companies as well as the new plan. SWOT-analysis helps reduce weaknesses while maximizing the strong side of the company. Its can also be used when it comes to achieving certain goals in non-profit organizations or private companies. This tool can be used to make a reconsideration during the study.

Importance of SWOT Analysis in Business :

The mostimportantpart of aSWOT analysisis to improve the viability of your company.Importantthreats coupled with a company weakness typically put at risk your companys future, and theSWOT analysisidentifies these risks. You can eliminate internal weaknesses by assigning company resources to fix the problems.

Factors of SWOT-analysis will help businesses to understand their strengths to the threat that what is the strength of the company and what could be a threat or a risk in the future. With the help of SWOT analysis, companies can increase the chances of success and reduce the possibility of failure.

When the company conducted a SWOT analysis they need to know what are the weak points of the company. Then, managers can provide training to employees who help the company to improve employee performance.

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When managers know each and every aspect of the company from strength to threats. Time strategy formulation becomes easy. It helps companies to formulate a strategy.

It helps the company to motivate employees because when companies must know their weaknesses are trying to remove and send employees. When employees know their weaknesses are also working hard to eliminate the weaknesses

It helps companies to identify potential opportunities. SWOT analysis company because when they come to know about any potential opportunities that can help a business to grow.

Competitor analysis is critical to any marketing plan and SWOT analysis provides a perfect way to do this. Typically, PEST analysis is done before a SWOT analysis to provide details on opportunities and threats sections. Once you have a complete SWOT diagram you and your competitors, you can make better decisions about your marketing plan.

PESTEL Analysis :

APESTEL analysisor more recently named PESTELE is a framework or tool used by marketers to analyse and monitor the macro-environmental (external marketing environment) factors that have an impact on an organisation. The result of which is used to identify threats and weaknesses which are used in a SWOTanalysis.

Opportunities come in various forms, then the value of doing a PEST analysis. PEST stands for:

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SWOT Analysis for Market

There are three steps to follow in this analysis.

In this stage, and we collect all the information regarding the first two internal factors, strengths and weaknesses. However, this information collection can be done in a number of different ways. One-to-one interview or a group discussion can be carried to gather information. There will be a number of different views, questions, and issues related to these elements.

Here, we can make a list of all the opportunities that it may encounter in the future. It can make another list of all the future possible threats within the organization.

In this stage, the plan of action will have carried out to meet these opportunities and to secure the company from the threats. In this stage, the organization makes sure that they can maintain the strengths, change or stop the weaknesses, prioritize opportunism and minimize threats.

If you are not doing a SWOT analysis for your business or new start-ups you will face some of these Problems or Issues:

Appendix

Offshore Remote Operated Vehicle Marketreport gives you details about the market research finding and conclusion which helps you to develop profitable market strategies to gain a competitive advantage. Supported by comprehensive primary as well as secondary research, the Offshore Remote Operated Vehicle Market the report is then verified using expert advice, quality check and final review. The market data was analyzed and foretasted using market dynamics and consistent models.

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Offshore Remote Operated Vehicle Market Analysis by Current Developments, New Entrants and Application To 2027 - Cole of Duty

The European Commission has launched consultations on its planned strategy for offshore renewable energy which aims to set out best ways to exploit and scale-up the sector's generation.

Offshore wind is expected to play an instrumental role in building the region's largely renewable energy power system between 2030 and 2050 as stated in the European Green Deal communication.

An EU offshore renewable energy strategy is to be published before the end of the year.

The public consultation aims to gather input from all interested stakeholders and is open until 24 September.

A separate four-week consultation has also been launched on an offshore renewable energy roadmap that aims to inform citizens and stakeholders about the Commission's work in order to allow them to provide feedback and to participate effectively in future consultation activities.

Citizens and stakeholders are in particular invited to provide views on the Commission's understanding of the issue and possible solutions and to make available any relevant information that they may have.

This consultation is open until 13 August.

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EU all ears on offshore wind views - reNEWS

Prophecy Market Insights has recently published a Offshore Drilling Rigs report which represents the latest industry data and future trends, allowing users to recognize the products and driving revenue growth and profitability of the market.

The report offers a broad analysis of key segments, key drivers, regions, and leading market players. The report contains an analysis of different geographical areas and presents a competitive scenario to promote leading market players, new entrants, and investors determine emerging economies. The key highlights offered in the report would benefit market players to formulate strategies for the future and gain a strong position in the Offshore Drilling Rigs market.

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Detailed analysis of the COVID-19 impact will be given in the report, as our analyst and research associates are working hard to understand the impact of COVID-19 disaster on many corporations, sectors and help our clients in taking excellent business decisions. We acknowledge everyone who is doing their part in this financial and healthcare crisis.

The Offshore Drilling Rigs report begins with a brief introduction which contains a market overview of the industry followed by its market size and research scope. Further, the report provides an overview of market segmentation, for example- type, application, and region. The drivers, restraints, and opportunities for the market are also mentioned, along with current policies and trends in the industry. The Offshore Drilling Rigs market also covers PEST analysis for the market. Thisanalysisprovides information based on four external factors (political, economic, social and technological) in relation to your business situation. Basically, it helps to understand how these factorswillaffect the performance and activities of your business in the long-term. The report describes the growth rate of each segment in-depth with the help of charts and tables. Moreover, various regions related to the growth of the Offshore Drilling Rigs market are analyzed in the report. These regions include North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.

Segmentation Overview:

Offshore Drilling Rigs market report states the overview, historical data along with size, share, growth, demand, and revenue of the global industry. In this research report, there is an accurate analysis of the current and upcoming opportunities in the market by explaining the fastest and largest growing segments across regions. The survey report includes vast investigation of the geographical scene of the Offshore Drilling Rigs market, which is manifestly arranged into the localities

Australia, New Zealand, Rest of Asia-Pacific

The study presents the performance of each player active in the Offshore Drilling Rigs market. It also provides a summary and highlights the current advancements of each player in the market along with its SWOT analysis. The information provided in the research report is a great source for study investors and stakeholders interested in the market. In addition, the report offers insights on buyers, suppliers, and merchants in the market. There is a comprehensive analysis of consumption, market share, and growth rate of each application is offered for the historic period.

Offshore Drilling Rigs Market Key Players:

Key players operating in the global offshore drilling rigs market includes Halliburton Company, Schlumberger Limited, Weatherford International Inc, Seadrill Ltd., Aban Offshore Limited, China Oilfield Services Ltd., Ensco plc, Diamond Offshore Drilling Inc., Vantage Drilling Co., Pacific Drilling, KCA Deutag, Maersk Drilling, Nabors Industries Ltd., and Nobel Corporation.

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Strategic Analysis to Understand the Competitive Outlook of Offshore Drilling Rigs Market - 3rd Watch News

The South Korean government is promoting the construction of a 2.4 GW offshore wind farm in waters off North Jeolla Province as the first project in its plan to increase the nations offshore wind power generation to 12 GW by 2030 and become one of the worlds top five offshore wind power producers.

The Ministry of Trade, Industry and Energy (MOTIE) announced on July 17 that it has signed an agreement with the parties involved in the project, including the governments of North Jeolla Province, Gochang County and Buan County, and Korea Electric Power Corp. (KEPCO), and Korea Wind Power.

The ministry plans to start the construction of a 400 MW plant and a 2 GW plant in 2022 and 2023, respectively. The project will cost 14 trillion won in total.

Although the central government and local governments signed a development agreement regarding the wind power project in 2011, little progress had been made until the construction of a test bed complex began in 2017 due to difficulties in securing residents agreement.

When the large-scale offshore wind power complex project is completed in 2028, it will have a production capacity of 2.46 GW, which is enough to supply electricity to 2.24 million households.

Meanwhile, global offshore wind power generation reached 29.1 GW in 2019, with Europe and China accounting for the lions share. Currently, Japan and Taiwan are also focusing on developing offshore wind power farms. Global offshore wind power generation is expected to increase six-fold to 177 GW by 2030.

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Korean Government to Promote Offshore Wind Farm in Waters off North Jeolla Province - BusinessKorea

CTCI Machinery Corporation (CTCI MAC) has signed a contract with China Steel Power Corporation to supply nearly ahundred pin piles for the Zhong Neng offshore wind project in Taiwan.

Four production lines will be set up at CTCI MACs Ta-Lin Shop in Kaohsiungs Nansing Free Trade Zone. The pin piles are expected to be ready for load out from March 2023 onwards.

Thanks to our previous experience in offshore wind projects, we are now capable of carrying out simultaneous welding tasks with four -SAW welding machines on sections even with various section diameters, said CTCI MAC Chairman Yun-Peng Tan.

China Steel Power Corporation, a joint venture of Taiwans China Steel Corporation and Denmarks Copenhagen Infrastructure Partners (CIP), is developing Zhong Neng off the Changhua coast in central Taiwan.

Commercial operation of the 300 MW wind farm is expected to begin in 2024.

According to CTCI MAC, the project is committed to delivering all 27 localization items required by the Taiwanese government, making it one of the offshore wind farms with the highest level of localization in the industry.

MHI Vestas has been selected as the preferred supplier of turbines, and CSBC-DEME Wind Engineering (CDWE) is responsible for the transportation and installation of foundations.

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Zhong Neng Offshore Wind Project to Feature Locally-Made Pin Piles - Offshore WIND

Doosan Heavy Industries & Construction's offshore wind turbines installed in Jeju. [DOOSAN HEAVY INDUSTRIES & CONSTRUCTION]

The power plant builder said it will develop and supply offshore wind turbines with larger capacity, aiming for 1 trillion won ($830 million) in annual sales by 2025. The company has to date supplied 79 offshore wind turbines nationwide, with a total of 240 megawatts of capacity in areas including Jeju Island and the West Sea. Its goal is to reach 12 gigawatts by 2030. Doosan Heavy started developing wind turbine technologies in 2005, and says it has spent 180 billion won on the business. The cash-strapped power plant constructor is increasingly pivoting to clean energy after locking in 3.6 trillion won in financial assistance from creditors. The company is currently supplying turbines for a 14 trillion won offshore wind project in North Jeolla, which will add 2.4 gigawatts of wind capacity upon its completion in 2029. Doosan Heavys goal by 2025 is to grow offshore wind turbine business to yield more than a trillion won in annual sales by 2025. Doosan Heavy is a key affiliate of Doosan Group, with 44.86 percent of the builder owned by Doosan Corporation. In turn, it owns 36.27 percent shares in Doosan Infracore, a construction equipment builder. Doosan Infracore owns 51.05 percent of shares in Doosan Bobcat, another construction equipment manufacturer. In line with the recent energy policies, Doosan Heavy Industries & Construction is accelerating the conversion of business portfolios centering on eco-friendly energy, wrote Doosan Heavy in a statement. Offshore wind turbines, along with large gas turbines for power generation, are being developed as Doosan Heavy Industries & Energys key businesses. Offshore wind power in Korea is expected to grow rapidly under the recently announced government policies, according to Doosan Heavy Chairman Park Gee-won. The company will actively take part in the Green New Deal policy and contribute toward activating the ecosystem for offshore wind generation businesses, he said. Doosan Heavy aims to raise a trillion won this year by issuing new shares and selling off assets, including Doosan Tower in central Seoul, a golf course in Gangwon and Doosan Solus, an electronics parts supplier.

BY JIN MIN-JI [jin.minji@joongang.co.kr]

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Green New Deal pushes Doosan Heavy toward offshore wind - Korea JoongAng Daily

Lets face it. Your taxes are probably your most significant expenses. Whether personal tax or business tax, it is money taken away from you. However, if you cannot see beyond your countrys border that confines your business, taxes are just a way of life. Taxes are a sunk cost. But why not consider an option to reduce or eliminate them altogether?

In the current global marketplace, this should not be the case. The world has changed dramatically, and its time your thinking changed as well. For online coaches and consultants, your online business does not confine within your countrys borders. So why should your taxes be?

In this article, we will explore how you can ultimately become tax-free and live your best life while attaining your financial freedom. We will dive into the world of Gun Hudson, who helps online coaches and consultants move their businesses and life offshore to become tax-free.

A brief about Gun Hudson

Gun considers himself as a Citizen of the Globe. He calls no particular country but the entire world his home. He is passionate about financial freedom. Through his business, Global Tax Freedom Gun is helping people achieve financial freedom and enjoy life. He believes that success is not tired to just a number but in the realization of financial, time, and location freedom.

So how exactly does Gun help businesses to become tax-free?

1. Lowering your personal and business tax

Generally, there are two ways that you are taxed: one based on where you live and two; based on where your business lives. But, lowering your business taxes is intricately connected to your personal tax and vice versa. It is essential to know the rules and provisions affecting your business and personal taxes before you make your move offshore. One of the key ways to lower your tax bill is to move your business to a country that charges a low percentage of tax or doesnt charge any tax. Several countries offer such opportunities, and Global Tax Freedom helps you to identify such opportunities that you can leverage on legally.

2. Investing your business profits to avoid taxes

One of the strategies to invest business profits back into your business is through tax deferment that becomes available to you when you incorporate your business offshore. Simply put, you get to defer paying any tax that might be due as long as you keep your profits in your business. It is undoubtedly a smart idea that any business can take advantage of such arrangements. For online businesses, you can invest the profits into your company for development, marketing, or other growth strategies. And you would be on the safe side of the law regardless.

What if you want to avoid taxes altogether?

The United States is one of the few countries that taxes its citizens on their income no matter where they reside. It is, therefore, correct that you then have fewer opportunities to pay zero tax. But for other countries, this is actually possible. Investing your business offshore is totally illegal. The truth is, an offshore company is nothing more than a legal entity in a country other than the one you currently operate. In fact, some of the biggest brands like Amazon, Google, and Apple, have Incorporated offshore companies to save themselves a lot of money and to grow their businesses and their terms. With an offshore company, you are in control of your business and can lessen your tax burden, gain more privacy, and potentially have less paperwork to deal with at the end of the day. For US citizens, you can benefit by operating the business offshore, through the Foreign Earned Income Exclusion act. The law stipulates that you can take out up to $102100 tax-free if your offshore business does not have US employees, offices, or sourced income.

Online businesses are an excellent fit for an offshore corporation because they can operate anywhere. Technically with an overseas company, you can process payments in one country, host your website in another, keep your accounting records in a third, and pay low tax in a fourth. Global Tax Freedom company helps you to do the due diligence required before you jump.

Connect with Gun Hudson to learn more here.

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How Gun Hudson is Helping Online Coaches and Consultants Move their Businesses and Life Offshore to Become Tax-Free - London Daily Post

Offshore Oil Rigs Market is systematic exploration that delivers key statistics on the market status of the development trends, competitive landscape analysis, and key regions development status. The report has included strong players and analyses their limitations and strong points of the well-known players through SWOT analysis. This Report covers growing trends that are linked with major opportunities for the expansion of the Offshore Oil Rigs industry.

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Samsung Heavy Industries Co. LtdDamen Shipyards GroupIrving Shipbuilding Inc.Friede & Goldman LtdDaewoo Shipbuilding & Marine Engineering Co. LtdSembcorp Marine LtdKeppel Corporation LimitedHyundai Heavy Industries Co. Ltd

The Geographical Analysis Covers the Following Regions

The recent outbreak of the COVID-19 (Corona Virus Disease) Provide extra commentary on the newest scenario, an economic slowdown on the overall industry. In addition to this, the report also includes the development of the Offshore Oil Rigs market in the major regions across the world.

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Global Offshore Oil Rigs Market Segmentation: By Types

Shallow WaterDeep and Ultra-deepwater

Global Offshore Oil Rigs Market Segmentation: By Applications

JackupsSemisubmersiblesDrill ShipsOther Types

Do you want any other requirement or customize the report, Do Inquiry Here: https://www.globalmarketers.biz/report/manufacturing-&-construction/global-offshore-oil-rigs-market-report-2020-by-key-players,-types,-applications,-countries,-market-size,-forecast-to-2026-(based-on-2020-covid-19-worldwide-spread)/155931#inquiry_before_buying

This research report represents a 360-degree overview of the competitive landscape of the Offshore Oil Rigs Market. Furthermore, it offers enormous statistics relating to current trends, technological advancements, tools, and methodologies.

Global Offshore Oil Rigs Market Research Report 2020

Chapter 1 About the Offshore Oil Rigs Industry

Chapter 2 World Market Competition Landscape

Chapter 3 World Offshore Oil Rigs Market share

Chapter 4 Supply Chain Analysis

Chapter 5 Company Profiles

Chapter 6 Globalization & Trade

Chapter 7 Distributors and Customers

Chapter 8 Import, Export, Consumption and Consumption Value by Major Countries

Chapter 9 World Offshore Oil Rigs Market Forecast through 2027

Chapter 10 Key success factors and Market Overview

It concludes by throwing light on the recent developments that took place in the Offshore Oil Rigs market and their influence on the future growth of this market.

Table of Content & Report Detail @ https://www.globalmarketers.biz/report/manufacturing-&-construction/global-offshore-oil-rigs-market-report-2020-by-key-players,-types,-applications,-countries,-market-size,-forecast-to-2026-(based-on-2020-covid-19-worldwide-spread)/155931#table_of_contents

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Global Offshore Oil Rigs Market Report Explores Share, Development By Companies Outlook, Growth Prospects And 2024 Key Opportunities Forecast - 3rd...