Friday, April 3, 2020

Supply Chain News

Italian Marine Cable Laying Firm to Cut Dividend

Cable Enterprise cable laying vessel. Image credit: Prysmian

Italian marine cable installation company Prysmian plans to cut the dividend by 50 percent, citing the effect of the coronavirus pandemic and its effects on the global economy.Citing…

Fred. Olsen Windcarrier to Install CFXD Wind Turbines

Brave Tern - Image by Fred. Olsen Wind Carrier

Fred. Olsen Windcarrier’s jack-up vessel Brave Tern has been awarded a contract to transport and install wind turbines selected for the Changfang and Xidao offshore wind farms…

BV Appoves Cryo-Powered Regas System Design

(L to R): H.G. Son, DSME Tokyo Representative; Kazuo Yamashita, Country Chief Executive, Bureau Veritas Marine & Offshore, Japan; Yoshikazu Kawagoe, Senior Managing Executive Officer and Chief Technical Officer, Mitsui O.S.K. Lines; and Hiroyuki Nakano, Executive Officer, Energy Transport Business, Mitsui O.S.K.Lines  (Photo: BV)

Bureau Veritas Marine & Offshore (BV) has issued the first approval in principle for a new cold energy ‘Cryo-Powered’ regas system for use in FSRU applications.The approval has been issued to both Mitsui O.S.K.

Hempel Taps Lindström as COO

Katarina Lindström (Photo: Hempel)

Katarina Lindström will join Hempel as Executive Vice President & Chief Operating Officer from August 1, 2020 as the coatings manufacturer aims to double in size.As Executive…

NY Congressman Backs Arthur Kill OWP

Image: Atlantic Offshore Terminals LL

Congressman Max Rose has called on Governor Andrew Cuomo to support the offshore wind development at Arthur Kill Terminal, Staten Island, New York. "The offshore wind project…

Offshore Wind: Half Empty or Half Full?

© faithie/AdobeStock

As a new decade starts, offshore wind development continues to progress. Actually, it’s probably more accurate to write that the development of the development of offshore wind (OFW) continues to…

Total in 10-Year LNG Bunkering Pact with Pavilion

Image: Total Marine Fuels Global Solutions (TMFGS)

Temasek-owned Pavilion Energy has signed a 10-year fully-termed agreement to jointly develop an LNG bunker supply chain in the port of Singapore with Total Marine Fuels Global Solutions (TMFGS)…

NOV Warns Virus Fallout Could Hit Supply Chain

© Kalyakan / Adobe Stock

U.S. oilfield equipment supplier National Oilwell Varco on Friday called the coronavirus a "wildcard" in the oil industry's outlook, with an extended outbreak potentially hurting…

Offshore to Constitute 25% of Wind Demand

Image: Orsted

Offshore wind will constitute 25% of total wind demand in 2028, up from 10% in 2019 and will narrow the gap with offshore upstream oil and gas in terms of capital expenditure deployment…

Triton Knoll Installs Turbines

Image: Triton Knoll

UK's Able Seaton Port (ASP) has begun latest transformation into multi-million Triton Knoll turbine base.Preparatory works are underway to transform Able Seaton Port (Able)…

Simec: Tidal Power Hits Record at MeyGen

Image: Simec Atlantis Energy

The developer of renewable and sustainable energy projects, Simec Atlantis Energy, has hailed progress at its MeyGen project – announcing that its 2019 performance represents…

German Offshore Wind Capacity Reaches 7.5GW

Image: VDMA

A total of 1,469 offshore wind turbines with a capacity of 7,516MW feed electricity into the German offshore wind industry grid as of now. 160 turbines with a capacity of 1…

Offshore Energy Outlook for 2020

Equinor’s Hywind Tampen project will use floating wind turbines to provide power to the Snorre and Gullfaks oil and gas production facilities.  (Image: Equinor)

The “new normal” is a phrase tossed around often in offshore energy circles today as those servicing and operating in the sector grapple with the harsh realities of the prolonged industry downturn.

Wilhelmsen, NorSea Join Forces for Hydrogen

Image: Wilhelmsen

The Norwegean global maritime industry group Wilh. Wilhelmsen Holding ASA and Denmark-based supply chain manager NorSea join forces to develop liquid hydrogen supply chain for…

Offshore Wind: Decisions Needed Sooner, not Later

AOT is working to develop a new port, specifically configured to serve Atlantic Ocean wind projects, on 30 acres along the Arthur Kill tidal strait between Staten Island and New Jersey. 
Boone Davis, President & CEO, Atlantic Offshore Terminals

On September 26, the State University of New York Maritime College hosted a conference on the emerging east coast offshore wind industry. “Offshore Wind Power, Planning for…

EU Targets 450 GW Offshore Wind by 2050

Image: WindEurope

The EU Commission’s big goals for offshore wind – between 230 and 450 GW by 2050 – are achievable provided the right investments in electricity grids and Governments take the…

LR Bolsters Well Management Team

Melvin Banford, John O’Neill, Derek Harrold, Steve Harris and Matt Rothnie (Photo: Lloyd's Register)

Lloyd’s Register announced it has made several key appointments to its wells engineering and project management consultancy following a series of major contract wins and global…

Hutchinson to Provide Platforms for Hornsea 2

Each Suspended Internal Platform (SIP) towers at 12m in height. Image: Ørsted

Offshore wind specialists, EEW Group has contracted has contracted UK outfit Hutchinson Engineering for the fabrication and on-site assembly of 30 suspended internal platforms…

AG&P Invests in Kanfer Shipping, Eyes LNG

Image: AG&P

Global downstream gas and LNG logistics company Atlantic Gulf & Pacific (AG&P) has made a strategic equity investment in Norway-based Kanfer Shipping.Kanfer is a developer of small-scale LNG sea transportation…

SGRE Wins Hai Long 2 OWP

Image: Siemens Gamesa Renewable Energy

Spanish global renewable energy company Siemens Gamesa Renewable Energy (SGRE) has been selected as the preferred supplier of turbines for the 300MW Hai Long 2 offshore wind…