Daily Archives: January 25, 2020

European utility giants EDP and Engie have finalized their 50-50 offshore wind collaboration amid a race for scale in the global offshore wind market.

The pair revealedthe planin May last year after agreeing on a memorandum of understanding. EDP Renewables' and Engie's existing offshore wind projects, in various stages of construction and development, will be folded into the new entity. The aim is for the new company to be a top-five developer of offshore wind globally.

The deal remains subject to regulatory approval by the European Commission but is expected to close during the first quarter of 2020.

The as-yet-unnamed JV will have 1.5 gigawatts under construction including the 950-megawatt Moray East project in the U.K. and the 487-megawatt SeaMade venture in Belgium. The combined development portfolio is 3.7 gigawatts, of which around half is located in Europe and half in the U.S.

Engie andEDPR are not corporate minnows in their own right. That they feel they need to reach for even more scale says a lot about existing and future entrants in the offshore wind sector.

According to its Q3 results, industry leader rsted has 9.9 gigawatts of offshore wind installed or with the final investment decision in place.

Equinor and Shell have already made a splash, and BP and Total are likely to follow. Shell and EDPR are partners in the Mayflower consortium that won804 megawattsof offshore wind capacity in Massachusetts.

In first announcing the JV back in May 2019, Engie and EDPR said joining forces would allow them to "grow their asset base more rapidly and to operate more efficiently.

A spokesperson for EDPR told GTM more details on the joint venture would be released at the end of Q1.

It is not currently known if there is a financial component to the deal to level out the portfolio at 50-50. There are no details on any potential job losses as a result of the merging of capabilities.

EDPR has being selling down its stake in the 950-megawatt Moray East project, with Engie taking a 23.3 percent stake before adding another 10 percent. China Three Gorges has another 10 percent, and Mitsubishi holds a 33.4 percent stake. Moray East won a contract for difference in 2017 at a strike price of57.50($75.30) per megawatt-hour.

The announcement of the new joint venture also made the point of stating that the deal included both fixed bottom and floating offshore wind.

The pair represent a 79.4 percent holding in the Windplus consortium together with Spanish oil firm Repsol and minority partner Principle Power. Earlier this year they connected theworlds largest floating turbineto the Portuguese grid.

EDPR, WindPower Korea and oil engineering firm Aker plan to use Principle Powers WindFloat technology to build a 500-megawatt floating project in South Korea. The KFWind consortium plans to use shipyards in Ulsan to deliver the potential project. South Korea is aiming for 13 gigawatts of offshore wind by 2030. EDPRs stake in the consortium is included in the agreement with Engie.

Floating offshore wind unlocks huge swathes of potential seabed where deeper waters or soil conditions rule out fixed foundations.

Equinor has approved an88-megawatt floating projectto power two of its drilling platforms. Shell acquired the offshore wind developerEolfilast year.

Read more:

EDPR and Engie Join Forces With Aim to Rank Among Top 5 Offshore Wind Developers - Greentech Media News

Acoustic sensors on buoys and an undersea drone will be used to map out the movements of endangered northern right whales, marine mammals and fish around offshore wind energy sites, in a joint project with wind developer rsted and marine science institutions.

rstedon Wednesday announced the Ecosystem and Passive Acoustic Monitoring project is launching in cooperation with Rutgers University, the University of Rhode Island and Woods Hole Oceanographic Institution, in addition to the companys 2019 agreement to support Rutgers research related to wind energy development.

Rutgers will supply a Slocum electric glider, an undersea probe that can operate autonomously for weeks at a time, periodically surfacing to transmit its data back via satellite link. Now widely used in oceanography, the glider technology will be a first for rsted, one of the pioneer companies in European offshore wind.

Gliders generate forward motion using battery-powered ballast water pumps and lift from their wings. AUVAC image.

Findings from the study will be used to better protect the North Atlantic right whale during survey, construction and operation phases of their U.S. offshore wind farm portfolio, the company said in a statement. The ECO-PAM project will ensure the company can act to solve the global climate crisis, while preserving local ecosystems.

With only about 450 animals now surviving, northern right whales can be harmed in ship strikes and fishing gear entanglement, and NOAA is intently focused on protection. The risks were underlined this month when one of four newborn whale calves was struck and gravely injured by a vessel off Georgia.

The whales migrate past offshore energy sites leased by rstedand other developers, and the potential for them to be affected by construction and operation of turbine arrays is a concern for wind power advocates and critics alike.

The whales are already a consideration for designers and shipbuilders working on the first generation of crew transfer vessels for servicing turbines. NOAA rules for dynamic management areas shifting speed limit zones that track the whale movements limit vessels over 65 feet to 10 knots or less.

The main goal of the study is to understand the whales habitat, their numbers, distribution and seasonal movements within rsteds lease areas, from southern New England down to New Jersey and off the Delmarva coast.

Oceanographic data from the project could help with weather forecasting and severe storm prediction, the company says.

During the three-year project, two acoustic buoys deployed by WHOI and one from URI will collect data, with the institutions advancing localizing and detection methods.

The technology exists now to acoustically detect and track marine mammals such as the North Atlantic right whale with fixed and mobile systems and this project will demonstrate this technology, said James H. Miller, Professor of Ocean Engineering and Oceanography, University of Rhode Island.

Gliders can carry instrument packages and sensors in an internal bay or externally. Kirk Moore photo.

The Rutgers glider will operate for long missions in and around rsted lease areas off New Jersey. Along with supplying data for the whales study, the environmental variables collected on these glider missions will be fed directly into national data systems that provide vital ocean information for improving the prediction of marine-driven weather, such as coastal storms, said Joseph F. Brodie, director of atmospheric research at the Rutgers University Center for Ocean Observing Leadership.

The glider and buoys will carry acoustic receivers, and the signals will be shared with existing networks including the Mid-Atlantic Acoustic Telemetry Observation System. The system regularly tracks acoustic tags, or pingers, that ocean scientists use to monitor fish moving through the region.

Some of those movements include commercial fishing species, so the acoustic study could further that understanding, according to rsted. The company has a working relationship with the fishing advocacy coalition Responsible Offshore Development Alliance, agreeing to work cooperatively on research of mutual interest.

Our project will help to minimize the impact of wind farm construction and operation on whales so that both we and the whales can reap the long-term benefits of clean energy, said Mark Baumgartner, a senior scientist at Woods Hole.

See the article here:

Acoustic survey to study right whales, fish around offshore wind projects - National Fisherman

A bathymetric and geophysical site survey is scheduled to commence at Star of the South, Australias first offshore wind project, at the end of February.

According to the projects latest Notice to Mariners, the MV Silver Star survey vessel will carry out the work from 28 February to 13 March at the site offshore Gippsland to inform the projects feasibility.

Survey activities will comprise geophysical data acquisition using a side-scan sonar, single and multi-beam echo-sounders, sub-bottom profiler, magnetometer/gradiometer and underwater video.

Operations will be conducted on a 24-hour basis and will be undertaken out of Lakes Entrance Port.

Star of the South is also preparing for a passive acoustic monitoring program for vocalizing marine mammals, which will involve the placement of underwater acoustic recorders on the seabed.

The loggers will be deployed from 10 to 11 February, with maintenance scheduled from 8 to 11 July.

Eight subsea passive acoustic monitoring recorders, and their associated moorings, will sit on the seabed until the recovery planned in mid-December.

Survey activities will include placing a tracking grid of acoustic instruments with hydrophones and the use of a once a day ping sequence from an acoustic release in the triangle center.

Star of the Southcould comprise up to 250 turbines with a combined capacity of up to 2GW. If given the go-ahead, construction could start in 2020.

The project is a joint development by AustraliasOffshore Energy and Copenhagen Infrastructure Partners (CIP).

See more here:

Star of the South Subsea Surveys to Begin in February - Offshore WIND

Renewable energy statistics just keep topping each other. Solar power is getting cheaper. Battery storage capacity is getting better. And wind farms are getting bigger.

2019 saw the worlds biggest (at the time) offshore wind farm come online, as well as construction of the biggest offshore wind farm in the US off the coast of Atlantic City.

But a new figure blows all of these out of the water. Last week, British renewable energy developer SSE announced construction of Dogger Bank Wind Farm off the eastern coast of England in the North Sea.

With a capacity of 3.6 gigawatts (GW), Dogger Bank will be three times bigger than the worlds biggest existing wind farm, the nearby 1.2 GW Hornsea One.

Located near a seaside town called Ulrome, which is 195 miles north of London, Dogger Bank will have three separate sitesCreyke Beck A, Creyke Beck B, and Teesside Aeach with a 1.2 GW capacity, and construction is slated to take two years.

The project is a collaboration between SSE and Equinor, a Norwegian energy company.

Hornsea One, which is still under construction and estimated to be done later this year, will power up to a million homes. That seems small in comparison to the figure SSE has estimated for Dogger Bank: its three sites together will allegedly be able to power up to 4.5 million homes.

Its important to note that 4.5 million U.K. homes is equivalent to far fewer homes in the US, as we Americans use embarrassingly more energy than the British; our annual average electricity consumption per household in 2018 was 10,972 kWhalmost triple the U.K.s 2017 household average of 3,760 kWh. Makes you wonder if we couldnt scale back on our giant appliances, around-the-clock air conditioning, and ever-ready hot water.

Besides being the biggest wind farm in the world (unless an even bigger one is announced before its done? At the rate these things are popping up, that wouldnt be surprising), Dogger Bank will also be one of the first to use the worlds biggest turbine. GE Renewable Energys Haliade-X was tested in the Port of Rotterdam last summer; its 260 meters (853 feet) tall (almost the same height as the GE building in Rockefeller Center) and its blades are 107 meters long (351 feet, just a tad shorter than an American football field).

Once those blades are twirling in the North Seas winds (and twirl they willwind speeds in this area average 16-22 miles per hour; the top 3 windiest cities in the US seem breezy in comparison with speeds from 13.1-13.9 mph), each Haliade-X will be able to produce 12 megawatts of power.

Offshore wind has taken off over the past few years, and will continue to grow as the technology it requires becomes steadily better, cheaper, and more efficient. The new turbines being built now already generate three times as much energy as turbines from just five years ago; thats an impressive pace, and means the expense of building wind farms are much more worth companies while.

Theyre worth our while, too. Given the ecological and climate disasters increasingly filling our news feeds, its safe to say we cant increase our renewable energy development fast enough.

Image Credit: Image courtesy of GE Renewable Energy

Go here to read the rest:

World's Largest Offshore Wind Farm Will Power 4.5 Million Homes - Singularity Hub

In November 2019, New Zealand passed a law that committed the country to carbon neutrality by 2050. In January, 2020, it passed a law banning new permits for offshore oil and gas drilling. This move will help the country meet its goal of carbon neutrality.

The law applies to new permits in the area. New Zealand has numerous existing permits, some of which expire in 2030. Prime Minister Jacinda Arden said of the new law, Were striking the right balance for New Zealand were protecting existing industry, and protecting future generations from climate change. Greenpeace New Zealand also praised the law calling it a huge win for our climate and people power. 50,000 people signed a Greenpeace petition calling for the ban.

Offshore drilling is dangerous to plants and animals in the ocean, along with being a source of greenhouse gas emissions. Kevin Hague, Chief Executive of Forest & Bird Conservation Group, said in a statement, Half the worlds whale and dolphin species visit or live in New Zealand waters, from the critically endangered Mauis dolphin to giant blue whales Today, these sensitive creatures are made safer from the threat of oil spills and the sonic barrage of seismic testing. Keeping New Zealands oil and gas in the ground reduces everyones risk, and tells the world were serious about reducing our contribution to climate change.

You can sign this petition to end offshore drilling in the United States.

Read more about oil drilling and offshore oil drilling in One Green Planet, check out these articles:

For more Animal, Earth, Life, Vegan Food, Health, and Recipe content published daily, subscribe to the One Green Planet Newsletter! Also, dont forget to download the Food Monster App on iTunes with over 15,000 delicious recipes it is the largest meatless, vegan and allergy-friendly recipe resource to help reduce your environmental footprint, save animals and get healthy!

Lastly, being publicly-funded gives us a greater chance to continue providing you with high quality content. Please consider supporting us by donating!

Here is the original post:

New Zealand Bans Offshore Oil and Gas Drilling - One Green Planet

The United States will likely spend more money developing offshore wind capacity than offshore oil and gas within the next five years, according to a new study.

Installed offshore wind capacity off the coast of the United States could reach 20 gigawatts by 2030, generating annual investments of $15 billion in another five years, according to Rystad Energy,the Norwegian based energy research firm.Onegigawattprovides enoughpowerfor about 700,000 homes.

Annual spending on U.S. offshore oil and gas projects is expected to average $14.8 billion between now and 2025, according to Rystad.

RELATED:Next year will be tipping point for wind in Texas

Six gigawatts of offshore wind projects in U.S. waters are already slated for development and are expected to cost more than $20 billion over the next five years. By the middle of the decade -- if regulators continue to give the green light to offshore wind projects -- annual investment is expected to top $15 billion, according to Rystad.

Continue reading here:

Wind power could be dominant offshore energy focus within 5 years - Houston Chronicle

Boardwalk Tram Ad Content Concerns Reviewed

OCEAN CITY Resort officials this week to send out a request for proposal (RFP) for municipal bus and Boardwalk tram advertising, but there appears to be a reluctance to consider the latter.Last week, the Transportation Committee forwarded a favorable recommendation to the Mayor and Council to send out an RFP outlining the terms of Read more

OCEAN CITY The summer fireworks schedule and potential big-name concerts were part of a larger package of enhanced special events approved this week at City Hall.During Tuesdays meeting, Bob Rothermel of TEAM Productions presented a line-up of special event enhancements for the summer of 2020 including fireworks at the beach downtown and at Northside Read more

SNOW HILL While there are some opportunities ahead, a consultant advised officials this week that bringing high speed internet to rural portions of Worcester County could be a decade-long effort.Joanne Hovis, president of CTC Technology & Energy, presented the results of a six-month broadband feasibility study to the Worcester County Commissioners on Tuesday.We recommend Read more

OCEAN CITY Motorists accessing Ocean City via the Route 50 Bridge can expect headaches for the next month seven days a week as the State Highway Administration (SHA) embarks on the next phase of rehabilitation of the Harry Kelley Bridge.SHA crews on Thursday morning began shifting traffic lanes on the bridge in order to Read more

See the rest here:

01/20/2020 | Hundreds Attend Offshore Wind Hearing In Ocean City | News Ocean City - The Dispatch

Most New England states have been investing in alternative energy sources for years. But New Hampshire has been slower to act in response to climate change.

Now, the Granite State is looking to be a leader in a major new source of renewable energy: offshore wind.

Listen to the broadcast version of this story.

Turnout exceeded all expectations at the first meeting, last month, of a federal task force on wind development in the Gulf of Maine. One state legislator was heard saying the line to get in rivaled the line for the women's bathroom at Fenway Park.

Governor Chris Sununu welcomed hundreds of people who filled up a huge meeting hall and overflow rooms at UNH.

"Good morning, he said, to a mild response, then: Come on! Look what we're kicking off, this is exciting!"

When it comes to energy reform, Sununu has always focused on minimizing costs to consumers. At the task force meeting, he had a message: the way to get there is with huge amounts of power from high-tech wind turbines floating in the ocean.

"We're not talking about benchtop models, we're not talking about theory, we're not writing papers we want to build something here, he said. Right? We want those electrons to be zipped over back into New England in one way or the other, and we want people to benefit from it."

This big meeting came just under a year after Sununu asked the Trump administration to open up the possibility of offshore wind in the Gulf of Maine.

They formed this task force with stakeholders in New Hampshire, Maine and Massachusetts, to see how wind would work with fisheries, transmission systems, aesthetics and more.

New Hampshire business commissioner Taylor Caswell, whos on the task force, says offshore wind would be a game-changer for business in the state and for displacing the greenhouse gas-emitting fuels that cause climate change. "Part of the complexity of the policy issue has been the sheer size of what we need to be able to accomplish to displace fossil fuels...if, in fact, that's the direction we're going, which I do think it is, Caswell says.

And here we have an opportunity to start talking about renewable energy in gigawatts, he says, as opposed to five megawatts here and four megawatts there."

For scale just a dozen or so of these wind turbines can produce as much electricity as a nuclear power plant.

Short-term shortfalls

But these wind farms are probably 10 years off from reality. Climate activists like Griffin Sinclair-Wingate of 350 New Hampshire say there are lots of other steps the Sununu administration could take now, like supporting solar, hydropower or energy efficiency.

Instead, Sinclair-Wingate says, Sununu has vetoed countless numbers of bills that would have a tremendous impact in developing renewable energy in the state."

Those include expansions of net energy metering that would let towns and businesses save more on their energy costs by building more solar and hydropower.

This legislative session, Sununu has proposed an alternate plan to ones hes blocked in the past but advocates say it wouldnt have enough of an impact.

Sununu often cites economics in opposing state incentives for smaller-scale technologies like solar. But advocates argue that these sectors have major untapped potential to lower costs for consumers and create jobs.

Still, a growing wind industry does provide some unique opportunities like on New Hampshire's Seacoast, which many say could be perfectly positioned as a hub for wind construction offshore.

A source of hope

Key to that vision is the Port of New Hampshire on the Piscataqua River in Portsmouth. It's got deep water, a ready workforce and easy access to highways the wind industry wouldn't have to build a whole new facility here, advocates say, at least not to meet some of its many needs.

State port authority director Geno Marconi says Portsmouth has had a taste of what wind business could be like. Last summer, huge components for land-based turbines were shipped in to this port before they were trucked out to Antrim.

"All that open area where we walked through, we had a lot of the tower sections and everything staged out there, he says, pointing to large, flat sections of the dock between piles of road salt.

These onshore turbines were far smaller than the ones officials hope to install offshore and still, Marconi says, the project took a year to plan.

Michael Behrmann, the business development director for Clean Energy New Hampshire and one of the state's top wind evangelists, has spent a lot of time at the port imagining the future. He even took state and industry leaders to see wind farms in Denmark in 2018.

"We're looking at, by 2040, a trillion-dollar global industry, Behrmann says, citing a recent report from the International Energy Agency. If we could even grab a small part of that for New Hampshire, it would be transformative for our economy."

Behrmann says he's dedicated his career to tackling climate change, and that wind is the best option New England has ever had to make a difference.

"For me, and for a lot of people, the reality of being able to tap into such a large energy resource gives us hope that we can achieve the changes in our energy generation resources that we really need and need to do in a very quick timeframe, he says.

Until that happens, he hopes the state's enthusiasm for wind will spread to the rest of its climate change response, too.

Go here to read the rest:

After Years Of Slow Action On Climate Change, What Sets Offshore Wind Apart For N.H.? - New Hampshire Public Radio

BERLIN (Reuters) - Denmarks Orsted (ORSTED.CO), the worlds largest operator of offshore wind parks, plans to steer clear of super-sized takeovers, its chief executive said on Tuesday, preferring small deals to keep the group among the biggest renewable players.

Im fundamentally convinced that you de-risk your M&A strategy by not overstretching it, Henrik Poulsen told Reuters during the annual energy summit hosted by Handelsblatt newspaper in Berlin.

Id rather make a series of small acquisitions than one big bang where we could stumble, Poulsen said, adding any deals would rather be in the hundreds of millions, similar to recent acquisitions in the United States.

He said any deals would focus on projects in new markets.

Poulsen, Orsteds CEO since 2012, oversaw the groups transformation from a diversified utility with oil and gas activities into the worlds No.1 developer of offshore wind farms.

He said he expected the global green energy sector to be dominated by traditional utilities as well as big oil groups, which have been increasingly moving into the power sector as a way to diversify away from fossil fuels.

Poulsen said that scale was vital and that not all of the groups active in the industry would gain scale quickly enough to remain in the race, which would be a trigger for consolidation.

Well be a lot smarter in probably less than 5 years but when you see the landscape today you can begin to see the future global green energy majors emerge, he added.

Globally, Orsted ranks 10th in terms of installed renewable capacity, behind peers including Spains Iberdrola (IBE.MC), U.S.-based NextEra (NEE.N), Italys Enel (ENEI.MI), Portugals EDP (EDP.LS) and Germanys RWE (RWEG.DE).

Goldman Sachs estimates that the worlds top 10 renewables groups capture only about 15% of the worlds total portfolio, leaving sufficient space for newcomers, including oil majors Shell (RDSa.L), BP (BP.L) and Total (TOTF.PA), to muscle in.

Poulsen said it was his goal to keep Orsted, whose shares have nearly tripled since a 2016 listing, among the worlds leaders in the segment. Currently, the group has a market valuation of 297 billion Danish crowns ($44.1 billion).

Orsted is majority-owned by the Danish government, which holds 50.1% following a 2016 listing, and while Poulsen could not say whether that share could change in the future it was his view that Denmark was quite happy with its position.

Additional reporting by Stine Jacobsen in Copenhagen; Editing by Thomas Seythal, Michelle Martin and Alexandra Hudson

View post:

Offshore wind giant Orsted favors small deals over big M&A: CEO - Reuters

LONDON, Jan. 24, 2020 /PRNewswire/ -- Visiongain has forecasted that the global Offshore Oil & Gas Decommissioning market will see a capital expenditure (CAPEX) of $8,279 million in 2020. Decommissioning of ageing offshore oil and gas projects has increased substantially over the past few years. Moreover, over 600 projects along the Gulf of Mexico, the North Sea and Asia Pacific are likely to be disposed of over the next five to six years. This, in turn, is projected to drive the global offshore oil and gas decommissioning market over the forecast period. Increasing stringent decommissioning regulation are projected to play a crucial role to promote the growth in this market over the next 10 years. Offshore decommissioning is highly complex and potentially has a vast environmental impact. It is also a global industry, and therefore understanding regulations worldwide are essential for companies operating within the market. Crucially, the development of regulation in the offshore decommissioning market has the ability to impact the rate at which the market grows and also how much-decommissioning processes are going to cost.

Read on to discover the potential business opportunities available.

With such established global offshore oil and gas fields, decommissioning becomes increasingly pertinent. As global offshore oil and gas fields mature, ageing structures must be removed. With the average lifetime of an offshore oil and gas field in the region of 25 to 40 years, this leaves many global structures in need of decommissioning. The cost involved in the decommissioning varies from project to project and coast to coast. The majority of costs are associated with the jacket, topside and subsea structure removal phases and well P&A. Decommissioning projects are highly complex, lengthy and expensive; the process involves many different stages and can take more than a decade to complete. With such environmental, economic and social pressures, the offshore decommissioning market is set to drastically increase, creating substantial business opportunities along the way.

There are hundreds of companies who either possess offshore oil and gas assets that will need to be decommissioned over the next decade, or who provide consultancy, engineering and other services to the decommissioning industry. Therefore, the following list of companies is by no means exhaustive. Companies have been broken down into three groups: oil and gas companies with offshore assets; decommissioning contractors; and decommissioning consultancies.

To request sample pages from this report please contact Sara Peerun at sara.peerun@visiongain.com or refer to our website: https://www.visiongain.com/report/offshore-oil-gas-decommissioning-market-report-forecasts-2020-2030/#download_sampe_div

Leading Companies in the Offshore Oil & Gas Decommissioning MarketOil and Gas Companies with Offshore Assets: Apache Corporation BP Canadian Natural Resources (CNR) Chevron Corporation ConocoPhillips Eni ExxonMobil Corporation Petronas PTTEP Australasia Royal Dutch Shell Statoil Total S.A.

Visiongain's global Offshore Oil & Gas Decommissioning market report can keep you informed and up to date with the developments in the market, across four different regions: The Gulf of Mexico and North America, the North Sea, Asia Pacific and Rest of the World.

With reference to this report, it details the key investments trend in the global market, subdivided by regions, capital and operational expenditure and project type. Through extensive secondary research and interviews with industry experts, Visiongain has identified a series of market trends that will impact the Offshore Oil & Gas Decommissioning market over the forecast timeframe.

The report will answer questions such as: How is the offshore oil & gas decommissioning market evolving? What is driving and restraining the offshore oil & gas decommissioning market? How will each offshore oil & gas decommissioning submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2029? How will the market shares for each offshore oil & gas Decommissioning submarket develop from 2019 to 2029? What will be the main driver for the overall market from 2019 to 2029? Will leading offshore oil & gas decommissioning markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others? How will the market shares of the national markets change by 2029 and which geographical region will lead the market in 2029? Who are the leading players and what are their prospects over the forecast period? What are the decommissioning projects for these leading companies? How will the industry evolve during the period between 2019 and 2029?

Five Reasons Why You Must Order and Read This Report Today:

1) The report provides forecasts for the Global Offshore Oil & Gas Decommissioning market, by TYPE, for the period 2020-2030 Well P&A CAPEX 2020-2030 Jackside & Topside Removal CAPEX 2020-2030 Others CAPEX 2020-2030

2) The report also forecasts and analyses the global Offshore Oil & Gas Decommissioning market by Regions from 2020-2030 Gulf of Mexico and North America CAPEX 2020-2030 North Sea CAPEX 2020-2030 Asia-Pacific CAPEX 2020-2030 Rest of the World CAPEX 2020-2030

Among the regions, the North Sea region is estimated to account for 48.65% of the world offshore oil and gas decommissioning market in 2020 while the Gulf of Mexico and North America region is projected to be a second largest region for the decommissioning of offshore oil and gas platforms. The Gulf of Mexico is anticipated to experience a large number of oil and gas platforms being decommissioned over the next 10 years. The North Sea region is projected to be the largest region, and it is expected to grow at a CAGR of 5.5% over the period of 2020 to 2025 and 2.95% over the period of 2025 to 2030.

3) The report reveals global regulations and agreements affecting the Offshore Oil and Gas Decommissioning Industry:

4) The report includes Leading Companies analysis in the Offshore Oil & Gas Decommissioning Market Companies Companies with Offshore Assets Decommissioning Contractors Decommissioning Consultancies

5) The report provides detailed profiles of the leading companies operating within the Offshore Oil & Gas Decommissioning market: BP Plc Canadian Natural Resources Chevron Corporation ConocoPhillips ExxonMobil Corporation Total S.A. Royal Dutch Shell Plc ENI

To request a report overview of this report please contact Sara Peerun at sara.peerun@visiongain.com or refer to our website: https://www.visiongain.com/report/offshore-oil-gas-decommissioning-market-report-forecasts-2020-2030/

Did you know that we also offer a report add-on service? Email sara.peerun@visiongain.comto discuss any customized research needs you may have.

Companies covered in the report include:

Able UKAF GruppenAker SolutionsAllseasAP MllerAtotechBaker HughesBayernoilBibby Offshore LimitedBMT CordahBPBrasil Petroleo LtdaCal Dive InternationalCanadian Natural ResourcesChevron Brasil Oleo & Gas LtdaChevron CorporationConocoPhillipsCutting Underwater Solutions (CUT)DaewooENIEric Faulds Associates LtdExxonMobilGenesis Oil and Gas Consultants LtdHalliburtonHeerema Marine Contractors (HMC)JX Nippon Oil and Gas Exploration CorporationLinch-Pin Offshore Management SolutionsMaamoet SalvageMactech Inc.Maersk DecomMauritania Deepwater Ltd.Oceaneering (Norse Cutting and Abandonment)OptimusPB ConsultantsPerencoPetrobrasPetrofacPetronasPipeline Services InternationalProservRambollReverse Engineering Services Ltd (RESL)Royal Dutch ShellSaipemSapura AcergySchlumbergerStork Technical ServicesSubsea 7TechnipTetra TechnologiesTotal ErgTotal S.A.TSB OffshoreVersabarWeatherford InternationalWild Well ControlWood GroupWorley ParsonsZhejiang

To see a report overview please e-mail Sara Peerun on sara.peerun@visiongain.com

Related reports:

Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Market Report 2019-2029

Multi-Well Drilling Market Forecast 2017-2027

Deepwater Drilling Market Report 2018-2028

Subsea Production & Processing Systems Market Outlook 2018-2028

Marine Seismic Equipment & Acquisition Market Forecast 2019-2029

SOURCE Visiongain

More here:

Visiongain has Forecasted That the Global Offshore Oil & Gas Decommissioning Market will See a Capital Expenditure (CAPEX) of $8279 Million -...