Page 84«..1020..83848586..90100..»

Category Archives: Offshore

Logan Industries delivers coiled tubing lift frame to Trinidad – Offshore Oil and Gas Magazine

Posted: June 4, 2021 at 3:25 pm

(Courtesy Logan Industries)

Offshore staff

HEMPSTEAD, Texas Logan Industries has delivered a custom-built skinny coiled tubing lift frame (CTLF) for a customer in Trinidad.

The job scope involved providing a platform to stack up/rig up wellbore pressure control equipment above the drill floor of an offshore drilling vessel to allow the service provider to place an injector unit on the platform (lift frame IH table). The CTLF needed to accommodate several overhead lifting hoists and a davit crane with the on-site flexibility in movement of the table and crane with a wireless remote control.

Dean Carey, technical director, Logan, said: Logan had built several of these frames, which are both compensated and non-compensated. What made this one unique is that we did not know the true vessel constraints until late in the project, when we discovered our standard CLTF was too wide to fit into the derrick during rig-up. By working around the clock, we built a new skinny CTLF that would fit into the smaller space, in only nine weeks.

We kept the same ratings (500 MT lift per API 8C), but designed and built it a few inches thinner.

06/03/2021

Read this article:

Logan Industries delivers coiled tubing lift frame to Trinidad - Offshore Oil and Gas Magazine

Posted in Offshore | Comments Off on Logan Industries delivers coiled tubing lift frame to Trinidad – Offshore Oil and Gas Magazine

Saipem Bolsters Floating Wind Position with Naval Energies Buy – Offshore WIND

Posted: at 3:25 pm

Italian offshore energy services company Saipem and Naval Energies, a subsidiary of Frances Naval Group, have signed an agreement for the acquisition of Naval Energies floating wind business.

The deal covers Naval Energies engineering know-how on floating units, intellectual property rights, and approximately thirty resources with expertise in modelling and simulation.

The negotiations between the two companies were first reported in the Premium section at Offshore Energy, our sister site, back in May.

Naval Energies has more than ten years of experience in floating offshore wind and has developed a semi-submersible floater concept.

Naval Group had announced at the beginning of February that it was ending its developments in the offshore renewable energy sector by starting a process aimed at the cessation of Naval Energies activities, including the search for a buyer for all or part of the companys activities.

With this acquisition, we are expanding our technology portfolio and we position Saipem in the competition for the award of the floating wind project of Groix & Belle-le, in France, for which we will leverage on our recognised expertise in executing turnkey projects, at the service of EOLFI.

The know-how we are acquiring further strengthens our position in the market of offshore renewables, specifically floating wind.

The completion of the transaction is subject to obtaining the relevant administrative authorisations.

The combination of Saipems strong expertise and assets in offshore constructions and strategy in marine renewable energies with Naval Energies expertise in floating wind gives rise to a leading player in offshore wind, Jean-Yves Battesti, Executive Chairman of Naval Energies, said.

We have every confidence that this new technological center, whose teams will be located in Nantes and Brest in particular, will be able to promote this promising industry in Brittany, in the Pays de la Loire but also in France and globally.

Saipem is also developing the HEXAFLOAT floating wind foundation project with the compatriot Consiglio Nazionale delle Ricerche (CNR).

Apart from floating wind, Saipem is actively involved in several fixed-bottom offshore wind projects in France, including Calvados, Saint-Brieuc, and Fcamp.

View post:

Saipem Bolsters Floating Wind Position with Naval Energies Buy - Offshore WIND

Posted in Offshore | Comments Off on Saipem Bolsters Floating Wind Position with Naval Energies Buy – Offshore WIND

TenneT Gathers BorWin5, BorWin6 Offshore Platform Consulting Team – Offshore WIND

Posted: at 3:25 pm

TenneT has awarded several companies and consortia with contracts for consultative engineering and construction services for the offshore transformer stations that will be part of the BorWin5 and BorWin6 offshore grid connections in Germany.

A consortium between Fichtner and SeaRenergy will deliver the services for both platforms, while DNV GL, Lloyds Register and TV Rheinland have been selected for the platform of the BorWin6 grid connection.

The scope includes design reviews to check, comment and approve designs and documents as part of a project for the delivery and construction of the offshore HVDC converter platforms.

The project parameters will be checked and documented with regard to their compliance with contractual requirements and required technical specifications, as well as the feasibility of the transport and installation concept with regard to international norms, standards and regulations.

BorWin5, which will connect the EnBW He Dreiht offshore wind farm to the German grid, is the fourth HVDC grid connection project that TenneT will build off the coast of Borkum, following BorWin1, BorWin2 and BorWin3.

With a transmission capacity of 900 MW, the BorWin5 project will consist of the offshore converter platform, BorWin epsilon, and a total of 230 kilometers of cable, 110 kilometres of which will run from the offshore platform to land. The project is scheduled to be operational in 2025.

Last year, TenneT awarded a consortium of Siemens and Dragados Offshore with a contract to build both the onshore and offshore converter stations for the 900 MW grid connection.

With the 930 MW BorWin6 project, the transmission system operator is planning a direct current connection in the North Sea Cluster 7.

Scheduled to be commissioned by 2027, the BorWin6 offshore grid connection will collect the three-phase current generated at an offshore wind farm to be selected in the 2022 auction round.

The three-phase current will then be converted into the direct current on the BorWin kappa offshore converter platform and transported to the mainland in Bsum via an export cable approximately 189 kilometres in length.

In December 2020, TenneT issued a call for tenders for the design, manufacture, installation, and commissioning of the converter stations for the BorWin6 grid link.

Read more:

TenneT Gathers BorWin5, BorWin6 Offshore Platform Consulting Team - Offshore WIND

Posted in Offshore | Comments Off on TenneT Gathers BorWin5, BorWin6 Offshore Platform Consulting Team – Offshore WIND

Four offshore earthquakes rumble west of Oregon and California – The Georgia Straight

Posted: at 3:25 pm

A rapid succession offour undersea earthquakes have struck off the coast of Southern Oregon and Northern California.

The first one hit at 12:52 a.m. today (June 4).

The U.S. Geological Survey reported it as a 5.9-magnitude quake, with a depth of nine kilometres (six miles).

The epicentre was positioned 158 kilometres (98 miles) west of Gold Beach, Oregon; 210 kilometres (130 miles) southwest of Coos Bay, Oregon; 246 kilometres (152 miles) northwest of Eureka, California; and 396 kilometres (246 miles) southwest of Salem, Oregon.

A second quake, measured as 3.9-magnitude, struck at 1:13 a.m.

At a depth of 10 kilometres (six miles), the epicentre of this temblor was close to the previous quake's epicentre.

Shortly thereafter, a third quake, in the same area, followed at 1:17 a.m.

This one also registered as 5.9-magnitude, according to the U.S. Geological Survey.

This one was at a depth of 14 kilometres (nine miles), with an epicentre located 143 kilometres (89 miles) west of Gold Beach, Oregon; 201 kilometres (124 miles) southwest of Coos Bay, Oregon; and 391 kilometres (242 miles) southwest of Salem, Oregon.

In response to this seismic activity, the U.S. Tsunami Warning System stated that a tsunami is not expected for the North American West Coast, including B.C.

The fourth quake, which occurred at 1:37 a.m., was measured as 4.2-magnitude by the U.S. Geological Survey, at a depth of 10 kilometres (six miles). The epicentre for this one was near the epicentre of the third earthquake.

Read more:

Four offshore earthquakes rumble west of Oregon and California - The Georgia Straight

Posted in Offshore | Comments Off on Four offshore earthquakes rumble west of Oregon and California – The Georgia Straight

Discussions are happening to resettle refugees from Australias offshore regime in New Zealand – The Guardian

Posted: at 3:25 pm

New Zealands government is now in regular conversation with Australia about how to resettle refugees from Australias offshore detention regime a significant step towards a resolution, advocates say, eight years after New Zealand first offered.

Immigration minister Kris Faafoi confirmed to the Guardian that New Zealands offer to Australia to resettle 150 refugees being held offshore still stands and that officials continue to explore how this might be implemented.

A spokesperson for Faafois office said the ministry could not give details of the process beyond the fact that discussions are happening, and that at the official level, were trying to work through what might happen to implement taking refugees subject to the New Zealand governments usual processes of assessment and screening.

Conversations between New Zealand ministry officials and their Australian counterparts about the possibility had been happening regularly, he said.

Any refugees considered for resettlement in New Zealand would undergo the same comprehensive assessment and screening that New Zealand applies to all refugees who are accepted under New Zealands refugee quota program, Faafoi said.

Australias home affairs minister Karen Andrews confirmed the talks and said the Australian government sought to find resettlement options as soon as we possibly can.

Were working through those issues now and we will continue to do so, and of course we will continue to work with the United States about resettlement options there as well, she said.

Weve made it very clear with New Zealand that there wont be a backdoor way for these people to be able to go to New Zealand and then return to Australia.

Nine years after Australia restarted offshore processing, and more than seven years since the last asylum seeker was sent offshore, 235 refugees and asylum seekers remain held within Australias offshore islands processing regime: 105 on Nauru and 130 in Papua New Guinea. Those people are no longer, technically, in detention camps, but their movements remain heavily restricted.

According to government figures, 1,223 transitory persons are in Australia, brought back from offshore processing islands mostly asylum seekers medically evacuated from the islands. This cohort may also be considered by Australia at least as candidates for resettlement.

Elizabeth Young, an advocate for the Asia Pacific Refugee Rights Network (APRRN), said she had met senior New Zealand cabinet ministers to discuss the option. She said those conversations included discussions of the possibility of New Zealand re-extending its offer to bring people from offshore processing, but also the option of accepting asylum seekers in Australia for medical treatment. They could travel to New Zealand under the quarantine-free travel bubble, she said, and would not require additional resources to house in managed isolation.

Logistical challenges created by Covid-19 mean New Zealand is well behind on meeting its commitment to resettle 1,500 refugees each year. According to government immigration data, the country had only taken in 177 refugees in the 2020-2021 financial year to April. In the 2019-20 year, it took 797 still a significant shortfall.

Funding had already been assigned by the New Zealand government to accommodate its refugee quota of 1,500, Young said so given current shortfalls, it would not cost the country any extra. We have the funding, we have the places ready to go, she said. New Zealand could solve Australias offshore processing regime in less than two years.

She said the comments from Andrews, and the confirmation that officials were discussing implementation were a massive step. Its hugely positive more than weve had since 2013 when the offer was first put forward.

Australia has repeatedly said it would consider resettling refugees in New Zealand only after its 2016 deal with the US was extinguished.

The US has so far resettled 936 refugees from Australia, and a further 258 have been provisionally accepted. That would bring the number resettled in America to 1,194, close to the deals cap.

Australia has also previously said it was reluctant to allow refugees to resettle in New Zealand because, after five years, they could claim citizenship and would be eligible to travel without restriction to Australia: a position belied by the fact that Australia regularly prevents some New Zealand citizens from entering Australia.

Amnestys refugee rights adviser Dr Graham Thom said there were 235 people offshore in PNG and Nauru, with more than 1,000 living either in detention or in the community in Australia, with no certainty regarding their futures.

The truth is that currently Australia has no plan to resolve this situation. The time to accept the New Zealand offer is now, Thom said.

Offshore processing is expensive. The latest figures on the Nauru program show it costs Australian taxpayers more than $10,000 every day for each person held on that island, about $4m a person each year.

Former All Black Sonny Bill Williams said: After $10bn of taxpayer dollars and eight years of suffering, people deserve some certainty. These are peoples lives were talking about. It cant be a passing comment.

Continued here:

Discussions are happening to resettle refugees from Australias offshore regime in New Zealand - The Guardian

Posted in Offshore | Comments Off on Discussions are happening to resettle refugees from Australias offshore regime in New Zealand – The Guardian

Bureau Veritas Named Partner to Certify Moray West Offshore Wind Farm – The Maritime Executive

Posted: at 3:25 pm

PublishedJun 1, 2021 4:33 PM by The Maritime Executive

Bureau Veritas, a world leader in testing, inspection and certification, has been selected to undertake project certification for the Moray West offshore wind farm in Scotland - one of the UKs most important offshore windfarm projects.

The project aims to be fully operational by 2024, with a lifespan of 25 years. Under the plan, up to 85 wind turbines are being built, as well as two offshore substation platforms and offshore export cable circuits. The Moray West offshore wind farm has a grid connection capacity of 860 MW. Export cables running a total of 65 km in length will transport the wind farms generated power beneath the seabed to a landfall location east of Sandend Bay on the Aberdeenshire Coast.

Bureau Veritas will be providing independent verification and will deliver full project certification including design review, manufacturing surveillance, transport and installation surveillance, and commissioning surveillance.

Adam Morrison, Project Director, Moray West, said: As Moray West continues to develop in terms of engineering design, and as we prepare for the construction phase starting in 2022, subject to securing a Contracts for Difference, we welcome Bureau Veritas, which will perform important certification services on the project. We are particularly pleased that this work will be delivered by skilled engineers at the UK offices of Bureau Veritas. This expands our support for UK suppliers and provides a sustainable domestic supply chain for the growing offshore wind sector.

Laurent Louail, Executive Vice-President, CIF* South & West Europe, Bureau Veritas, commented: As a key player in the energy transition, we support our clients in their efforts to implement sustainable resources such as offshore wind to bring about a more sustainable world. In this context, we are proud to contribute to the UKs ambitious plan to achieve net zero carbon emissions. Through our BV Green Line of Renewables services and solutions, we look forward to helping Moray West sustainably design, build and operate its assets.

Bureau Veritas is present at key stages of the renewable and alternative energy production chain. Over the last two decades, Bureau Veritas has dedicated significant efforts to developing one-stop-shop solutions related to renewable energies: from design verification of offshore wind farms, to supply chain quality assurance for solar photovoltaic panels, alongside project and construction management support for onshore wind developments.

The products and services herein described in this press release are not endorsed by The Maritime Executive.

See the article here:

Bureau Veritas Named Partner to Certify Moray West Offshore Wind Farm - The Maritime Executive

Posted in Offshore | Comments Off on Bureau Veritas Named Partner to Certify Moray West Offshore Wind Farm – The Maritime Executive

Saipem Adds Acteon to French Offshore Wind Team – Offshore WIND

Posted: at 3:25 pm

Marine energy and infrastructure services company Acteon has secured an integrated project with Saipem for casing installation and drilling support on the Calvados (Courseulles-sur-Mer) wind farm offshore France.

The contract was signed by LDD, a product and service line brand in the Acteon foundations and cables segment, and will be managed by the Acteon integrated solutions (AIS) team.

The Calvados development is a 450 MW offshore wind farm under construction near Caen being developed by olien Maritime France (EMF) and wpd. EMF is a consortium of EDF Renewables, Enbridge Inc., and CPP Investments.

The project scope for Acteon includes creating 64 open-hole sockets for casing installation; providing a bespoke drilling system to suit the socket specifications; and providing a drilling leader tower to support drilling activities and casing installation.

Acteon will also supply ancillary items including a spoil handling system, a soil swivel, sonar surveys, a casing handling system, a carriage guide assembly, and a drill bit jetting system. The equipment spreads will be optimised to suit the client-supplied vessel.

AIS will be responsible for the project management. Project delivery will be supported by Acteons strategic business segments and product and service line brands 2H, Claxton, LDD and UTEC.

The engineering and tooling phase has commenced, and offshore operations are scheduled to start in the first quarter of 2022.

We are delighted to be supporting Saipem on this high-profile project, said Mathias Bruneau, executive vice president AIS.

The role of AIS is to project manage and integrate all the necessary products and services within the Acteon group and to provide Saipem with a single interface, which will boost project efficiency and repeatability through leaner operations.

TheCalvadosoffshore wind farm will consist of 64 Siemens Gamesa SWT-7.0-154 Direct Drive wind turbines located 16 kilometres off the French coast in water depths ranging from 22 to 31 metres.

Earlier this year, Eoliennes Offshore du Calvados (EODC) awarded Italys Saipem with an EUR 460 million contract to deliver the wind turbine foundations for the wind farm.

The wind farms transition pieces will be manufactured by Bladt Industries.

The project entered the construction phase in February. The commissioning of the EUR 2 billion wind farm is scheduled for 2024.

More here:

Saipem Adds Acteon to French Offshore Wind Team - Offshore WIND

Posted in Offshore | Comments Off on Saipem Adds Acteon to French Offshore Wind Team – Offshore WIND

The Intercollegiate Offshore Regatta is on for 2021 – Sail World

Posted: at 3:25 pm

by Storm Trysail Club 4 Jun 11:32 PDT 9-10 October 2021

Storm Trysail Club and Larchmont Yacht Club are pleased to announce that the Intercollegiate Offshore Regatta Presented by ShopRite of Carteret is on for Columbus Day Weekend 2021.

The eagerly anticipated return after so many pandemic cancellations is welcomed by the teams, clubs, and volunteers.

"There is great interest on the schools' behalf as much of the college sailing season was canceled last year - including our event," says IOR Co-Chair Doug Lynn. "All schools who originally committed to the event last year are planning to attend this year and there is still space for more."

The event is by invitation only and provides an opportunity for the predominantly dinghy-focused college sailors to experience big boat sailing - which is unavailable to many college teams.

Hosted by Larchmont Yacht Club October 9 - 10, 2021 with a practice day on October 8th, the provided boats range from one-designs like J/105s, J/109s, and J/44s to competitive racing machines that frequently spend the season racing all over the Northeast. Boats are volunteered by local sailors and one representative for the boats competes onboard with the sailors serving as a safety officer.

In 2019, a total of 48 boats with over 350 collegiate sailors participated in one of the largest turnouts in the event's almost 50-year history. Forty-two colleges were represented, and six colleges sailed on two boats. "We expect at least 50 schools to attend this year with some fielding two teams," says Lynn's co-chair Ann Myer. "New this year, we are adding a J/88 and a Figaro class to the lineup."

In addition to great race management, sailors will also be welcomed to the social events at Larchmont Yacht Club that also have come to epitomize the IOR.

"We love hosting the young sailors and all the volunteers here at Larchmont Yacht Club," says LYC Commodore Rob Dailey. "Creating opportunities for young sailors and veterans alike to network and have a new experience is a great way to cap off a season."

"This event relies on the volunteers to make it happen," says Storm Trysail Commodore Ed Cesare. "Larchmont Yacht Club as the host, the Race Committee, and especially all the boat owners who understand the importance of fostering the next generation of offshore sailors."

Teams interested in an invitation should contact the race organizers along with any boat owners interested in being a part of the event with the organizers yet should contact . The Notice of Race will be posted here in the late summer.

A special thanks to the committed sponsors for 2021, ShopRite of Carteret, Helly Hansen, UK Sailmakers Northeast and Dimension Polyant. If your business is interested in supporting, contact

See more here:

The Intercollegiate Offshore Regatta is on for 2021 - Sail World

Posted in Offshore | Comments Off on The Intercollegiate Offshore Regatta is on for 2021 – Sail World

Transformative Deal: Hibiscus to Pay $212.5M for Repsol’s Offshore Blocks in Vietnam and Malaysia 2 – Offshore Engineer

Posted: at 3:25 pm

Malaysian oil and gas company Hibiscus Petroleum has confirmed it has agreed to buy Repsols interest in oil and gas assets in Malaysia and Vietnam for $212.5 million.

The announcement comes after Repsol earlier this week announced the sale to Hibiscus, to focus on core markets, without sharing financial details.

In a stock exchange announcement Friday, Hibiscus said it would pay $212.5 million to Repsol for the acquisition of Repsol's subsidiary Fortuna International Petroleum Corporation, which owns stakes in four offshore blocks in Malaysia and one in Vietnam.

The transaction includes a 35% interest in PM3 CAA PSC, 60% in 2012 Kinabalu Oil PSC, 60% in PM305 PSC, 60 % in PM314 PSC, and 70% in Block 46 CN in Vietnam (a tie-back asset to the PM3 CAA production facilities).

Hibiscus described the acquisition as transformative, as it will significantly boost its oil and gas production. The Malaysian oil firm expects daily oil and condensate production will more than double from 9,000 barrels per day to 18,500 barrels per day in 2022.

Daily gas production will grow from 2 MMscf per day to 49 MMscf per day in 2022, and 2P oil and condensate reserves as at 1 January 2021 will increase from 46 MMbbl to 67 MMbbl.Credit: Repsol

Its 2P gas reserves as at January 1, 2021, will grow from 9 Bscf to 93 Bscf. "The company anticipates completing the transaction in CY2021. However, given that the effective date of the Proposed Acquisition is 1 January 2021, all economic benefits and risks from that date will accrue to Hibiscus Petroleum, Hibiscus Petroleum said.

Hibiscus EnegManaging Director, Dr Kenneth Pereira, said, We are pleased to announce that after an international, competitive bidding process, we have been selected by Repsol to acquire their Malaysian and Block 46 Vietnam assets. "We would like to thank the Repsol organization and their advisors, J.P. Morgan for a well-managed process to-date.

As far as the assets are concerned, we have previously demonstrated our capability in enhancing value from acquired mature fields in Malaysia and the United Kingdom and we are motivated to repeat past, positive experiences, here.

Once completed, this acquisition will be transformational for us and bodes well for the business trajectory of Hibiscus Petroleum into its next phase of growth. I would like to add that we have a very high regard for the team at Repsol and we are looking forward to welcoming them into the Hibiscus family and working with them to further monetize opportunities within the assets."Credit: Repsol

"We would also like to place on record our thanks to industry regulators both in Malaysia and Vietnam for giving us the opportunity to acquire these assets and we look forward to strengthening our current partnership with Petronas and Petronas Carigali.

Finally, we will be enhancing our geographical footprint and entering Vietnam and thus we look forward to developing a strong working relationship with PetroVietnam, both as a regulator and as our new partner.

These assets represent approximately 2% of Repsols global current net output. Repsol said earlier this week that it would use funds raised from the transaction as well as the resulting capex savings to fund core projects and new low-carbon initiatives.

As for Hibiscus, the company seems to be putting words into action after it in August 2020 said it was looking to expand its asset portfolio through acquisitions of assets with strong production potential.

Hibiscus, which owns offshore oil fields in Malaysia, Australia, and the UK North Sea, said at the time it saw an opportunity in assets that have lost some value due the oil market downturn, as well as in the fact that large players are assessing their portfolios with a view to potentially divest.

See the article here:

Transformative Deal: Hibiscus to Pay $212.5M for Repsol's Offshore Blocks in Vietnam and Malaysia 2 - Offshore Engineer

Posted in Offshore | Comments Off on Transformative Deal: Hibiscus to Pay $212.5M for Repsol’s Offshore Blocks in Vietnam and Malaysia 2 – Offshore Engineer

Offshore Wind Power Market to Reach a Capacity of 94 GW by 2026 – GlobeNewswire

Posted: at 3:25 pm

Pune, India, June 01, 2021 (GLOBE NEWSWIRE) -- The global offshore wind power market size is anticipated to reach a capacity of approximately 94 GW by 2026, exhibiting a CAGR of 19.2% during the forecast period. The growth is primarily attributable to the rising investments in wind power projects. Favorable government policies are also complementing the market growth. Fortune Business Insights has presented this information in their report titled, Offshore Wind Power Market, 2019-2026. The market size stood at 23 GW in 2018.

Offshore wind power is one of the most valuable renewable energy sources worldwide. The market has gradually been gaining traction and is expected to witness substantial growth in the forthcoming years. The global market comprises countries like U.K., Denmark, Germany, China, and Belgium as the leading territories.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

Please visit: https://www.fortunebusinessinsights.com/industry-reports/offshore-wind-power-market-100148

COVID-19 Impact-

The coronavirus pandemic has restrained the growth of many industries and markets, including the offshore wind power market. The pandemic has resulted in a decline in power consumption as many industries remain shut due to lockdowns, curfews, and social distancing norms. The pandemic has delayed projects, and the investments have also declined, inflicting a negative impact on the market. However, favorable government policies regarding wind energy production are expected to attract investments in the upcoming years. The reduction in the cost of wind power is also expected to propel the market growth post-pandemic.

Segmentation-

Based on the installation, the market divides into floating structures and fixed structures. On the basis of water depth, the market bifurcates into above 30m and up to 30m. Based on capacity, the market trifurcates into Above 5MW, 3MW to 5MW, and up to 3MW. Geographically, the market is categorized into prominent countries; U.K., China, Belgium, Denmark, Germany, Netherlands, U.S., Sweden, Netherlands, Vietnam, Spain, South Korea, France, Japan, Ireland, and the Rest of the World.

Report Coverage-

Request a Sample Copy of Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/offshore-wind-power-market-100148

Drivers & Restraints-

Rising Investments to Augment Market Growth

As the world has limited supplies of non-renewable energy sources, it has become crucial to adopt renewable energy sources. Evolution in energy and power generation through technology has paved new ways for the offshore wind energy industry to grow. Several countries are formulating favorable government rules and regulations that are anticipated to drive the market growth further. Additionally, the installation costs have declined as the efficiency of offshore wind energy units has improved due to advance technology. Increasing investments in the sector will further propel market growth.

However, high maintenance costs are likely to act as a restraint to offshore wind power market growth.

Regional Insights-

China to Emerge as Global Leader

The U.K. currently accounts for holding the lions share in the global installed offshore wind power market. China is anticipated to emerge as a global leader due to upcoming projects and ongoing construction projects. China had reportedly installed about 40% of the global offshore wind energy in 2018. The trend is likely to surge in the upcoming years, and China will likely hold the highest offshore wind power market share. Countries like India, Japan, Taiwan, U.S., and Vietnam are a few emerging countries in the global market.

Competitive Landscape-

Strategic Collaborations to Offer Lucrative Growth Opportunities

In the highly fragmented landscape of the offshore wind energy industry, key players are focusing on innovating product offerings and introducing products that convey more efficiency and incur low installation and maintenance costs. Major players are adopting collaboration and partnerships in order to strengthen their market position. For instance, Senvion S.A. collaborated with Renexia to install 30 MW offshore wind farms in the Italian Mediterranean Sea in March 2019.

Speak To Our Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/offshore-wind-power-market-100148

Industry Developments-

Key Players in the Global Offshore Wind Power Market are:

Quick Buy - Offshore Wind Power Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/100148

Major Table of Contents:

TOC Continued!

Ask for Customization of this Report: https://www.fortunebusinessinsights.com/enquiry/customization/offshore-wind-power-market-100148

Have a Look at Related Research Insights:

District Cooling Market Size, Share, and COVID-19 Impact Analysis, By Technology (Electric Chillers, Absorption Chillers, and Others), By End User (Residential, Industrial, and Commercial), and Regional Forecast, 2021-2028

District Heating Market Size, Share & Industry Analysis, By Heat Source (Coal, Natural Gas, Renewables, Oil & Petroleum Products, and Others), By Plant Type (Boiler, CHP, Others), By Application (Residential, Commercial, Industrial), and Regional Forecast, 2020-2027

Solid Oxide Fuel Cell Market Size, Share & Industry Analysis, By Application (Stationary, Transport, Portable), By End-User (Commercial, Data Centers, Military & Defense, Others), and Regional Forecast, 2019-2026

Hydrogen Generation Market Size, Share & Industry Analysis, By Type (On-site and Portable) By Technology (Steam Methane Reforming, Water Electrolysis, Partial Oil Oxidation, and Coal Gasification), By Application (Ammonia Production, Petroleum Refinery, Methanol Production, Transportation, Power Generation, and Others), and Regional Forecast, 2020-2027

Fuel Cell Market Size, Share & COVID-19 Impact Analysis, By Type (Proton Exchange Membrane Fuel Cell (PEMFC), Phosphoric Acid Fuel Cell (PAFC), Solid Oxide Fuel Cell (SOFC), Others), By Application (Portable, Stationary, Transport), and Regional Forecast, 2021-2028

About Us:

Fortune Business Insights delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com

LinkedIn: https://www.linkedin.com/company/fortune-business-insights

Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd

Twitter: https://twitter.com/FBInsightPvtLtd

Read Press Release: https://www.fortunebusinessinsights.com/press-release/offshore-wind-power-market-9120

Read more here:

Offshore Wind Power Market to Reach a Capacity of 94 GW by 2026 - GlobeNewswire

Posted in Offshore | Comments Off on Offshore Wind Power Market to Reach a Capacity of 94 GW by 2026 – GlobeNewswire

Page 84«..1020..83848586..90100..»