Page 20«..10..19202122..3040..»

Category Archives: Offshore

Borkum Riffgrund 1 is Germany’s first offshore wind park to help balance the grid – Renewables Now

Posted: May 20, 2022 at 2:10 am

May 19 (Renewables Now) - The 312-MW Borkum Riffgrund 1 wind park in the North Sea is the first offshore wind park to be approved to produce electricity for the stabilisation of Germany's power grid as an increasing number of coal and nuclear power plants are being shut down.

After a prequalification specified by transmission system operator (TSO) TenneT, the offshore wind farm has proven that it is able to balance short-term grid fluctuations with green electricity and the concept was approved also by the other three TSOs in Germany.

With Borkum Riffgrund 1, offshore wind power is breaking new ground that was reserved for conventional energy sources -- the balancing of the power grid, said Joerg Kubitza, Managing Director at the German division of rsted A/S (CPH:ORSTED). The Danish clean energy group owns a 50% stake in the wind farm and operates the facility under a long-term contract.

Thus, offshore wind power is part of the foundation of the energy transition in Germany, because it helps ensure the security of supply, Kubitza said.

The prequalification of the first offshore wind farm is expected to encourage other market participants to do the same so that more balancing electricity from wind parks can be traded on the German balancing power market in the future.

Join Renewables Now's free daily newsletter now!

Original post:

Borkum Riffgrund 1 is Germany's first offshore wind park to help balance the grid - Renewables Now

Posted in Offshore | Comments Off on Borkum Riffgrund 1 is Germany’s first offshore wind park to help balance the grid – Renewables Now

Simply Blue Group eyes 4.75GW Swedish floating offshore wind – Windpower Monthly

Posted: at 2:10 am

Irish floating wind specialist Simply Blue Group has announced plans to develop two wind farms in Swedish waters.

The two floating wind projects are2000MW Skidbladner Skidbladner (2000MW) Offshoreoff Stockholm, Sweden, Europe Click to see full details a project 100km south-east of Stockholm in the south-east of the country, and2750MW Herkules Herkules (2750MW) Offshoreoff Gotland, Sweden, Europe Click to see full details a project 60km south-east of the Island of Gotland south-east off the mainland.

They are within the three zones recently announced by the Swedish government as targets for wind farm development, which are to the north-east (Gulf of Bothnia), south-east (Baltic Sea) and west (North Sea) of the country. Sweden wantsto generate 20-30TWh per year from wind farms in these areas. However it has plans for further expansion with an ultimate aim of an offshore wind fleet that would produce 120TWh annually close to its current demand of around 140TWh (although demand is expected to grow). It plans to identify further development areas by the end of 2024.

Currently, Simply Blue Group is the only investor in the wind farms, but it said it will be working with local green energy consultancy Wind Sweden on the development.

Simply Blue Groups existing 5GW pipeline is planned off Ireland and the UK. The Swedish projects could be its first in other European waters, although the company could not give any indication of the likely development timetable.

Elsewhere in Europe the group recently announced it had signed a memorandum of understanding with Spanish companies Proes Consultores and FF New Energy Venture, which it said would position Simply Blue Group as a key player in European markets.

In January the company joined forces with TotalEnergies to pursue opportunities in the US 35GW offshore wind market.

Simply Blue Group joins a growing list of developers to announce plans for offshore wind farms in Swedish waters after the government identified development zones.

OX2 has announced plans for a 1.8GW project off Skne and a 5.5GW project off Gotland, while Wpd and Lhyfe have detailed plans to use approximately 1GW of offshore wind capacity off Sderhamn to produce green hydrogen.

Go here to read the rest:

Simply Blue Group eyes 4.75GW Swedish floating offshore wind - Windpower Monthly

Posted in Offshore | Comments Off on Simply Blue Group eyes 4.75GW Swedish floating offshore wind – Windpower Monthly

Zacks: Brokerages Anticipate W&T Offshore, Inc. (NYSE:WTI) Will Post Earnings of $0.33 Per Share – Defense World

Posted: at 2:10 am

Wall Street analysts predict that W&T Offshore, Inc. (NYSE:WTI Get Rating) will report earnings per share of $0.33 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for W&T Offshores earnings, with estimates ranging from $0.19 to $0.47. W&T Offshore posted earnings per share of $0.02 in the same quarter last year, which indicates a positive year over year growth rate of 1,550%. The company is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that W&T Offshore will report full-year earnings of $1.46 per share for the current fiscal year, with EPS estimates ranging from $0.89 to $2.03. For the next fiscal year, analysts forecast that the business will post earnings of $1.68 per share. Zacks earnings per share calculations are an average based on a survey of analysts that cover W&T Offshore.

W&T Offshore (NYSE:WTI Get Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, topping analysts consensus estimates of $0.18 by $0.03. W&T Offshore had a negative net margin of 6.93% and a negative return on equity of 18.05%. The company had revenue of $191.00 million for the quarter, compared to the consensus estimate of $159.49 million. During the same period last year, the firm posted $0.11 EPS. The companys revenue for the quarter was up 52.1% on a year-over-year basis.

NYSE:WTI opened at $5.63 on Thursday. The firm has a market capitalization of $805.16 million, a PE ratio of -18.16 and a beta of 2.22. W&T Offshore has a 52 week low of $2.64 and a 52 week high of $6.68. The stock has a 50 day moving average of $4.70 and a 200-day moving average of $4.28.

In related news, insider Shahid Ghauri sold 116,411 shares of the stock in a transaction dated Monday, March 21st. The shares were sold at an average price of $4.50, for a total value of $523,849.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 34.40% of the companys stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP grew its holdings in W&T Offshore by 54.4% during the first quarter. First Trust Advisors LP now owns 504,062 shares of the oil and gas companys stock worth $3,478,000 after acquiring an additional 177,621 shares during the period. SG Americas Securities LLC acquired a new position in shares of W&T Offshore in the 3rd quarter worth approximately $215,000. Advisor Group Holdings Inc. raised its holdings in shares of W&T Offshore by 161.9% in the 3rd quarter. Advisor Group Holdings Inc. now owns 56,035 shares of the oil and gas companys stock worth $209,000 after purchasing an additional 34,639 shares in the last quarter. BlackRock Inc. lifted its stake in W&T Offshore by 18.5% during the third quarter. BlackRock Inc. now owns 10,290,646 shares of the oil and gas companys stock valued at $38,280,000 after purchasing an additional 1,604,736 shares during the last quarter. Finally, Barclays PLC boosted its holdings in W&T Offshore by 210.5% during the third quarter. Barclays PLC now owns 168,951 shares of the oil and gas companys stock worth $629,000 after buying an additional 114,533 shares in the last quarter. Hedge funds and other institutional investors own 36.85% of the companys stock.

About W&T Offshore (Get Rating)

W&T Offshore, Inc, an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company sells crude oil, natural gas liquids, and natural gas. As of December 31, 2021, the company had working interests in 43 fields in federal and state waters; and under lease approximately 606,000 gross acres, including approximately 419,000 gross acres on the Gulf of Mexico Shelf, as well as approximately 187,000 gross acres in the Gulf of Mexico deepwater.

Read More

Get a free copy of the Zacks research report on W&T Offshore (WTI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for W&T Offshore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W&T Offshore and related companies with MarketBeat.com's FREE daily email newsletter.

Visit link:

Zacks: Brokerages Anticipate W&T Offshore, Inc. (NYSE:WTI) Will Post Earnings of $0.33 Per Share - Defense World

Posted in Offshore | Comments Off on Zacks: Brokerages Anticipate W&T Offshore, Inc. (NYSE:WTI) Will Post Earnings of $0.33 Per Share – Defense World

Oregon fishermen protest offshore wind farm proposal in Coos Bay – Jefferson Public Radio

Posted: May 11, 2022 at 11:57 am

Members of the fishing industry are planning a protest Tuesday night to voice their concerns over offshore wind development in Oregon, and to ensure they are involved in choosing the location of turbines.

Offshore wind energy production remains fairly untapped throughout the country. No offshore wind farms have been built off the West Coast. That could soon change with President Biden's goal of developing the equivalent of 30 gigawatts of offshore wind turbines by 2030.

Three of those gigawatts could be built off the Oregon coast, enough to power over two million homes. The Bureau of Ocean Energy Management, or BOEM, is the federal agency that leases ocean waters for oil drilling and renewable energy production.

BOEM recently began calling for commercial wind energy producers to show their interest in developing offshore wind in Oregon. The agency identified over 10,000 square miles of ocean it says are ideal for wind farms.

Those miles are split into two "call areas", one west of Brookings and the other off of Coos Bay.

While these wind farms could help the state meet its green energy goals, commercial fishermen have concerns about the effects these wind farms will have on fish stocks.

We are talking about the ocean frontier, says Mike Graybill, a marine biologist and the former manager of South Slough Reserve in Charleston. And we are talking about, in Oregon, one of the most productive ocean areas on the planet, that already is a source of very, very important economic activity and is also an important source of our global food supply.

Graybill says hes been looking into what effects wind farms may have on the wildlife in the region. He says its important to look at these effects thoroughly because the West Coast is a prime location for fishing.

The West Coast lies in an eastern boundary current, where high winds blowing parallel to the coastline creates an upwelling current, forcing nutrient-dense water up to the surface.

Just five of these eastern boundary currents around the world produce almost a quarter of the worlds marine fish catch. The other four are off the coasts of Chile, Somalia, Northwest and Southern Africa.

Everything from plankton to whales to seabirds to fish is associated with the fact that when wind blows over the oceans, it moves the water, says Graybill.

That means offshore wind farms and fishing will likely clash, as both industries are connected, in some way, to wind.

Were very concerned that its going to lead to environmental and cumulative impacts that arent even being evaluated at this point, says Lori Steele, director of the West Coast Seafood Processors Association. Steele helped to organize Tuesday's rally.

A map of the call areas identified by BOEM off the Oregon Coast for potential wind energy farm development

/

Bureau of Ocean Energy Management

Steele says the fishing industry isnt opposed to alternative energy. But, she says, the push for offshore wind energy isnt being done responsibly and alternatives, such as onshore wind or solar farms, could be just as effective and cheaper than offshore wind.

While 10,000 square miles of ocean for wind farms seems like a lot, that entire area wont be used for offshore wind. BOEM says the call areas are a broader identification where the agency is interested in leasing out to wind farm developers, and the actual size of the wind farms themselves will be smaller.

That call area will also be whittled down as the agency goes through the public comment period and identifies areas where wind farms may not be feasible, or where they would conflict too much with the fishing industry.

BOEM says coordination with the National Marine Fisheries Service, the Pacific Fishery Management Council and the Oregon Department of Fish and Wildlife is already ongoing, and discussion will continue to help further reduce conflicts between wind power and fishermen.

According to Graybill, offshore wind turbines design makes fishing around them difficult and the locations must be picked carefully.

Graybill estimates up to 750 miles of cable could be needed to hold 200 wind turbines in place in deep water. The turbines float in the water and are each anchored by three cables attached to the seafloor.

You wont be able to tow a net that has 700 miles of mooring cables and 350 miles of electrical cables, he says.

In Europe, where offshore wind has been in place since the '90s, fishermen frequently clash with energy companies to share the sea. They argue the exclusion zones around wind farms means more fishermen are competing for less space.

BOEM says itll continue to work with the fishing industry throughout this call process to avoid conflicts.

The agency is accepting public comments through June 28th. Members of the public can also look at interactive maps on BOEMs website showing the specific call areas, and overlays of fish populations, existing underwater infrastructure and more.

Read this article:

Oregon fishermen protest offshore wind farm proposal in Coos Bay - Jefferson Public Radio

Posted in Offshore | Comments Off on Oregon fishermen protest offshore wind farm proposal in Coos Bay – Jefferson Public Radio

Norway to ramp up offshore wind in drive to go green – Reuters

Posted: at 11:57 am

General view of the Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool, Britain September 5, 2018. REUTERS/Phil Noble

Register

OSLO, May 11 (Reuters) - Norway unveiled plans on Wednesday for a major expansion in offshore wind energy by 2040, aiming to turn a country that has built its wealth on oil and gas into an exporter of renewable electricity.

The centre-left government, which has come under fire from environmentalists for continuing to support the oil and gas industry, set a target to develop 30 gigawatts (GW) of offshore wind capacity by 2040.

"This would nearly double our power output," Prime Minister Jonas Gahr Stoere told a news conference.

Register

Norway, which says the world still needs its oil in gas during the transition to a cleaner energy future, believes developing offshore wind will allow it to build on the know-how of its existing energy industry.

A wide range of utilities, oil and gas firms and engineering companies have lined up to develop offshore power projects in Norway, including Equinor (EQNR.OL), Shell (SHEL.L), BP (BP.L), Orsted (ORSTED.CO) and Eni (ENI.MI). read more

Norway needs more power for domestic consumption, but the new plan far exceeds the expected demand from households and industry.

"A significant portion of the electricity will be exported to other countries," the government said in a statement.

To date, Norway has opened two North Sea areas for development of up to 4.5 GW of bottom-fixed and floating offshore wind, with a first tender for 1.5 GW expected later this year. read more

Licensing rounds for new acreage will be held at regular intervals from 2025 onwards, the government said.

Grid connections would be considered on a case by case basis and could feature hybrid cables, which connect to several markets at the same time, or direct cables to single destinations, so-called radial cables, to Europe and Norway.

Industry executives, labour unions and some opposition parties had also called for a longer-term target to help provide predictability for supply chain investments in Norway.

The domestic energy industry, which had criticised the government for moving too slowly, welcomed the government's ambition.

"This will lay the foundation for industrial ocean wind development," the Norwegian Oil and Gas Association said in a statement.

Register

Reporting by Nora BuliEditing by Terje Solsvik and Mark Potter

Our Standards: The Thomson Reuters Trust Principles.

Read this article:

Norway to ramp up offshore wind in drive to go green - Reuters

Posted in Offshore | Comments Off on Norway to ramp up offshore wind in drive to go green – Reuters

rsted Trials Turning Offshore Wind Turbine Foundations Into Safe Havens For Corals – Sustainable Brands

Posted: at 11:57 am

The first-of-its-kind ReCoral by rsted project aims to implement a non-invasive approach for restoring the health of coral reef ecosystems by growing healthy coral colonies on the foundations of offshore wind turbines.

Danish sustainable energy company rsted is planning a world-firstattempt to support coral reefs by growing corals on offshore wind turbinefoundations. Together with Taiwanese partners, the company will test the conceptin the tropical waters of Taiwan this summer. The goal is to determinewhether corals can be successfully grown on offshore wind turbine foundationsand to evaluate the potential positive biodiversity impact of scaling up theinitiative.

According to the UN EnvironmentProgramme,coral reefs provide habitat for an estimated 32 percent of all marine speciesand benefit 1 billion people worldwide, directly or indirectly. But increasedsea temperatures due to climate change and common chemicals in products such assunscreenare threatening the survival of tropical coral reefecosystems,adding to the global biodiversity crisis.

Climate change is becoming the biggest driver of biodiversity loss, and asubstantial expansion of offshore wind is central to tackling these interlinkedcrises. Governments are planning a significant build-out of green energyinfrastructure at sea; if done right, rsted believes the expansion of offshorewind energy needed to fight climate change can also integrate solutions thatsupport and enhance oceanbiodiversity.

The ReCoral byrstedproject aims to implement a non-invasive approach for collecting surplusindigenous coral spawn as it washes ashore and for growing healthy coralcolonies on the foundations of nearby offshore wind turbines.

Increased surface temperatures in shallow waters can lead to coral bleaching.At offshore wind farm locations further offshore, temperatures are more stabledue to vertical mixing in the water column, preventing extreme temperatureincreases.

The idea behind ReCoral is that the relatively stable water temperatures atoffshore wind farm locations will limit the risk of coral bleaching and allowhealthy corals to grow on wind turbine foundations. Corals will be grown closeto the water's surface to ensure sufficient sunlight.

In 2020, biologists and marine specialists in rsted teamed up with private andacademic coral experts to mature and test the concept. In 2021, the ReCoral teamsuccessfully grew juvenile corals on underwater steel and concrete substrates ata quayside test facility for the first time. The first trial will begin in Juneat the Greater Changhua offshore wind farms in Taiwan to test the concept inopen waters on four separate wind turbine foundations.

Governments are preparing a significant expansion of offshore wind energy;and Im confident that if done right, the offshore wind build-out can supportand enhance ocean biodiversity, says Mads Nipper, Group President and CEO ofrsted. If we succeed with ReCoral and the concept proves to be scalable,this rsted innovation could create a significant positive impact on oceanbiodiversity.

Together with the Penghu Marine Biology Research Center in Taiwan, rstedhas developed a non-invasive methodology for coral seeding, in vitrofertilization, larvae transport and larvae attachment to wind turbinefoundations. Rather than removing anything from existing coral ecosystems,ReCorals non-invasive approach relies on the collection of surplus coral-eggbundles that wash up on shorelines and would not otherwise survive.

If the trial is successful, rsted will explore opportunities for scaling up theinitiative with the ultimate aim of using additional coral larvae generated atoffshore wind farm locations to restore and enhance threatened near-shore reefsystems. Scaling the initiative could also be critical in helping rsted achieveits ambition to deliver a net-positive impact onbiodiversityacross all of its new energy projects, from 2030 at the latest.

Were excited to take part in such a great initiative and partner up with theworlds most significant player in offshore wind, says Hern-Yi Hsieh,Director of Penghu Marine Biology Research Center. Environmental protectionand marine biodiversity will continue to be one of the key topics of the worldin the coming decade. Were honored to participate in the project, and we lookforward to more such initiatives in the future.

The ReCoral concept could be applied to offshore foundations of any kind intropical waters around the world. rsted will share learnings and the techniqueswith the broader coral conservation community and with other wind farmdevelopers, expecting that the findings will be useful regardless of whether theReCoral pilot succeeds.

Published May 10, 2022 2pm EDT / 11am PDT / 7pm BST / 8pm CEST

Continued here:

rsted Trials Turning Offshore Wind Turbine Foundations Into Safe Havens For Corals - Sustainable Brands

Posted in Offshore | Comments Off on rsted Trials Turning Offshore Wind Turbine Foundations Into Safe Havens For Corals – Sustainable Brands

Gov. Baker proposes $3.5 billion legislation to bolster offshore wind – Cape Cod Times

Posted: at 11:57 am

BUZZARDS BAY The Massachusetts Maritime Academy welcomed Gov. Charlie Baker Tuesday afternoon, along with Lt. Governor Karyn Polito, and other state energy officials to talk about a $3.5 billion bill to revitalize Massachusetts in a post-pandemic world. They specifically focused on the parts of the legislation regarding clean energy investments.

Massachusetts has a vital role to play in the offshore wind industry, Baker said in comments to a group of about 80 people, half of whom are cadets at school.

The big goal here is to make sure that we dont miss the opportunity to be a national and, in some ways, a global leader in offshore wind, he said. He highlighted the states achievements in scientific research, such as being a major player in the development of COVID-19 vaccines. He said that Massachusetts could be a hub for the transition from fossil fuel-based energy to clean energy.

After the governorasked a cadet why Tuesdays were special at the academy, (its the day chicken patties are served in the cafeteria), Bakerspoke about new legislation filedby the Baker-Polito administration.

A new industry: Competition fierce for offshore wind's a 'once in a generation opportunity'

FORWARD, or An Act Investing in Future Opportunities for Resiliency, Workforce, and Revitalized Downtowns, would be funded with $2.3 billion of ARPA money and about $1.256 billion in capital bond authorizations. Much of the bill focuses on using this money to strengthen infrastructure, revitalize downtowns, support climate resiliency and preservation efforts, and bolster workforce efforts such as unemployment funding.

Part ofthe money in the bill $750 million would be dedicated to clean energy, including money for higher education and workforce training forthe clean energy industry.

Job opportunities: What you need to know about offshore wind jobs, training and business opportunities

The offshore wind industry cannot only boost the economy by providing jobs,it could helpMassachusetts to reach its net-zero emissions goal, Baker said. Currently,there are three proposals to provide 1.6 million homesacross the state with energy from offshore wind, he added.

He spoke about the need for thousands of people to work in the offshore wind industry and highlighted the importance of educational institutionssuch as Massachusetts Maritime Academy, in training the next generation of skilled workers. In fact, part ofhis proposed legislation wouldappropriate $10 million to Massachusetts Maritime Academy for workforce training for the offshore wind industry.

'Pioneering a new era': Markey, Keating experience Mass Maritime's wind energy efforts

When offshore wind began to emerge in this space where maritime meets energy, Massachusetts Maritime stood at the forefront, Rear Admiral Francis McDonald, president of the Massachusetts Maritime Academy, said.

Massachusetts Clean Energy Center CEO Jennifer Daloiso said a well-trained, diverse workforce would be needed since the offshore wind industry is being built right off of the South Coast.

After the speeches concluded, attendees journeyed outside to view a wind liferaft crew demonstration.

Secretary of the Executive Office of Energy and Environmental Affairs Bethany Card, earlier had said that she hopes education inoffshore wind becomes a part of the traditional curriculum, just like rescue and sea training.

Contact Asad Jung at ajung@capecodonline.com. Follow him on Twitter: @asadjungcct.

See the rest here:

Gov. Baker proposes $3.5 billion legislation to bolster offshore wind - Cape Cod Times

Posted in Offshore | Comments Off on Gov. Baker proposes $3.5 billion legislation to bolster offshore wind – Cape Cod Times

Subsea 7 awarded contract offshore Trinidad and Tobago – GlobeNewswire

Posted: at 11:57 am

Luxembourg 11 May 2022 - Subsea 7 S.A. (Oslo Brs: SUBC, ADR: SUBCY) today announced the award of a sizeable1 project by BP for the TOPR project located offshore Trinidad and Tobago, in water depths of up to 280 feet.

The project covers the installation of a 96 kilometres 12-inch pipeline, associated shore approach and diver tie-in spools. Front end engineering and design (FEED) is underway and the EPCI2 scope is scheduled to begin this month.

Project management and engineering will take place in Subsea 7s office in Houston, Texas.

Craig Broussard, Vice President for Subsea 7 US, said: "We are honoured to have been selected for the fast-track delivery of the TOPR project and we look forward to continuing our collaborative relationship with BP.

*******************************************************************************Subsea 7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industrys partner and employer of choice in delivering the efficient offshore solutions the world needs.

Subsea 7 is listed on the Oslo Brs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.

*******************************************************************************

Contact for investment community enquiries:Katherine TonksInvestor Relations DirectorTel +44 (0)20 8210 5568katherine.tonks@subsea7.com

Contact for media enquiries:Ashley ShearerSenior Communications AdvisorTel +1-713-300-6792 ashley.shearer@subsea7.comwww.subsea7.com

Forward-Looking Statements: This announcement may contain forward-looking statements (within the meaning of the safe harbour provisions of the U.S. Private Securities Litigation Reform Act of 1995). These statements relate to our current expectations, beliefs, intentions, assumptions or strategies regarding the future and are subject to known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements may be identified by the use of words such as anticipate, believe, estimate, expect, future, goal, intend, likely may, plan, project, seek, should, strategy will, and similar expressions. The principal risks which could affect future operations of the Group are described in the Risk Management section of the Groups Annual Report and Consolidated Financial Statements for the year ended 31 December 2021. Factors that may cause actual and future results and trends to differ materially from our forward-looking statements include (but are not limited to): (i) our ability to deliver fixed price projects in accordance with client expectations and within the parameters of our bids, and to avoid cost overruns; (ii) our ability to collect receivables, negotiate variation orders and collect the related revenue; (iii) our ability to recover costs on significant projects; (iv) capital expenditure by oil and gas companies, which is affected by fluctuations in the price of, and demand for, crude oil and natural gas; (v) unanticipated delays or cancellation of projects included in our backlog; (vi) competition and price fluctuations in the markets and businesses in which we operate; (vii) the loss of, or deterioration in our relationship with, any significant clients; (viii) the outcome of legal proceedings or governmental inquiries; (ix) uncertainties inherent in operating internationally, including economic, political and social instability, boycotts or embargoes, labour unrest, changes in foreign governmental regulations, corruption and currency fluctuations; (x) the effects of a pandemic or epidemic or a natural disaster; (xi) liability to third parties for the failure of our joint venture partners to fulfil their obligations; (xii) changes in, or our failure to comply with, applicable laws and regulations (including regulatory measures addressing climate change); (xiii) operating hazards, including spills, environmental damage, personal or property damage and business interruptions caused by adverse weather; (xiv) equipment or mechanical failures, which could increase costs, impair revenue and result in penalties for failure to meet project completion requirements; (xv) the timely delivery of vessels on order and the timely completion of ship conversion programmes; (xvi) our ability to keep pace with technological changes and the impact of potential information technology, cyber security or data security breaches; and (xvii) the effectiveness of our disclosure controls and procedures and internal control over financial reporting;. Many of these factors are beyond our ability to control or predict. Given these uncertainties, you should not place undue reliance on the forward-looking statements. Each forward-looking statement speaks only as of the date of this announcement. We undertake no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise..

See the original post:

Subsea 7 awarded contract offshore Trinidad and Tobago - GlobeNewswire

Posted in Offshore | Comments Off on Subsea 7 awarded contract offshore Trinidad and Tobago – GlobeNewswire

Onshore Wind Farm to Be Built Using Offshore Techniques – Offshore WIND

Posted: at 11:57 am

Dutch energy company Eneco has started the construction of the Maasvlakte 2 onshore wind farm in the Rotterdam harbour area, with a portion of turbine components to be installed using offshore installation techniques.

The wind farm covers a total length of approximately 7.5 kilometres.

The 2.5-kilometre-long hard sea defences consist of a dyke body with a paved surface on top and large boulders in the surf.

The 5-kilometre soft sea defences consist of beach and sand dunes. The wind turbines on the hard sea defences will be positioned on the land side of the dyke. The wind turbines on the soft sea defences will be erected on the beach in front of the sand dunes.

The first monopiles will be transported to the beach of the Maasvlakte industrial area in May, where they will be installed using offshore techniques, Eneco said.

Preparatory construction works such as dune access points and temporary roads started in February. The first crane locations are now ready for use and the work area is ready to start the construction of the turbines, Eneco said.

This is said to be the first time ever that offshore installation techniques such as using monopiles and driving them into the ground using a hammer will be used on an onshore wind farm project.

Using this innovative construction method is necessary in order to create a sufficiently solid base for the 12 wind turbines that will be located on the beach, Eneco said.

Together with turbine manufacturer Vestas, Ballast Nedam is realising the wind farms 22 wind turbines on both hard and soft sea defences.

Follow offshoreWIND.biz on:

Excerpt from:

Onshore Wind Farm to Be Built Using Offshore Techniques - Offshore WIND

Posted in Offshore | Comments Off on Onshore Wind Farm to Be Built Using Offshore Techniques – Offshore WIND

and Tampnet bring IoT to offshore industries – Ericsson

Posted: at 11:57 am

With the management capabilities of Ericsson IoT Accelerator, the latest sensors and remote monitoring equipment can be deployed to people and places in a variety of remote offshore use cases and connected in real time.

Frode Stldal, President of Tampnet Americas says: Through our partnership with Ericsson, we are bringing the same IoT connectivity benefits to the offshore industry and enterprises, that land-based companies are benefitting from. In many instances, Tampnet is pioneering new services and business models offshore that are later adopted onshore. Together, we are truly digitalizing the high seas as part of the fourth industrial revolution. These are exciting times for our customers.

Headquartered in Norway, Tampnet owns andoperatesthe largest offshore high-capacity, low latencycommunication networks in the world, including the largest in the North Sea and the Gulf of Mexico.Tampnetsoffshore customersspan the offshore oil and gas, wind energy and maritimeindustries, as well as the carrier market.

More than 8,500 enterprises globally already benefit from the Ericsson IoT Accelerator-powered capabilities offered by CSP partners.

Kyle Okamoto, General Manager IoT, Ericsson, says: Our partnership with Tampnet shows that Ericsson has the capability of delivering IoT management to any enterprise or industry customer, in any work environment. We will work closely with Tampnet to ensure that its customers benefit from Ericsson IoT Accelerator just as we are doing with more than 8,500 other enterprises around the world.

HOW IT WORKS

Through the use of SIM cards, wearables can be deployed to employees, equipment and other assets, enabling instant actions on real-time data and the optimization of planning operations through Tampnets 4G LTE network.

Operations, asset integrity and maintenance teams can collect live data, connect with remote specialists, and turnaround work scopes efficiently with the assurance that all quality checks can be completed and verified in real time.

The level of collaboration possible for day-to-day tasks as well as specialist scopes greatly reduce downtime, improves coordination of people on board and optimizes pre-scope planning, safety and preparation tasks.

PARTNERSHIP

In addition to IoT connectivity management, Ericsson is a long-standing technology partner to Tampnet, providing robust and secure private networks.

Ericsson 4G and 5G private networks - with low latency, high availability, and high performance - are designed to make Industry 4.0 a reality. Ericssons private networks connect industrial sites and assets for greater efficiency and control and people for a safer worker experience.

Meet Tampnet and Ericsson at The Oil & Gas IoT Summit event (12-13 May, Altis Grand Hotel, Lisbon, Portugal)

About TampnetTampnet was founded in 2001 in Stavanger, Norway and operates the worlds largest offshore high capacity communication network in the North Sea and the Gulf of Mexico, serving customers within oil & gas, wind energy, maritime and carrier sectors with first class telecommunications. The company employs more than 100 people, is headquartered in Stavanger, Norway and has offices in the UK, the Netherlands, USA, and Brazil.

More:

and Tampnet bring IoT to offshore industries - Ericsson

Posted in Offshore | Comments Off on and Tampnet bring IoT to offshore industries – Ericsson

Page 20«..10..19202122..3040..»