OffshoreNews

The Rise of the Safety Industry

By The Maritime Executive 2019-07-20 23:07:05

Reflecting on safety, diving contractor KD Marine’s managing director, Hamish Petersen, thinks back to a lecture at Aberdeen University around a decade ago titled “Is HSE going to be the end of the North Sea?” delivered by the Health and Safety Executive (HSE). “We were shown a really good slideshow about a circus act,” says Petersen. “This trapeze artist came and jumped out on the trapeze, then someone put up a balloon which said 'at work.' Someone then came along...

Offshore Wind Industry Faces Technology, Natural Catastrophe Risk

By The Maritime Executive 2019-07-20 21:52:33

Claims data from specialist renewables underwriter GCube Insurance highlight that offshore wind cost reduction must not come at expense of risk management. As the offshore wind sector expands globally, prices fall, and technology evolves, asset owners and investors are becoming increasingly exposed to technical and supply chain risks, alongside natural catastrophe and extreme weather, says Gcube which underwrites over 13.5GW of offshore wind capacity in Europe, the U.S., Taiwan and Japan. GCube’s analysis of claims data gathered over the past...

New York State Awards Major Offshore Wind Contracts

By The Maritime Executive 2019-07-19 22:40:30

On Thursday, New York Governor Andrew Cuomo formally executed the largest offshore wind power procurement in U.S. history, signing contracts for 1,700 megawatts of capacity at two project sites. It is the largest renewable energy purchase ever made by a U.S. state government. "Offshore is no longer a science fiction idea. [Its] time has come. The cost has dropped dramatically and we are the leading state in the United States of America in actually doing it, not talking about it...

Scotland Seizes Arctic Winds of Change

By Mia Bennett 2019-07-16 20:29:47

Each morning before rolling out of bed, my usual routine involves checking the weather. I look at the temperature and the chance of rain. But while cycling and running across Scotland's outlying islands last week, as I learned from my friend who has been studying at St. Andrews for three years now, it's also important to check the wind. Never before have I thought so much about blowing gusts of air. Before traipsing to these remote islands settled by Neolithic...

Why the Rush for Seabed Mining?

By The Maritime Executive 2019-07-16 18:58:46

A new report asserts “corporate capture” of the International Seabed Authority (ISA) and the manipulation of Pacific regional decision-making processes by deep sea mining companies and their backers. It calls for a moratorium on the development of deep sea mining regulations and the issuing of exploration and exploitation licenses in international and national waters. The report Why the Rush? published by Mining Watch Canada, Deep Sea Mining Campaign and London Mining Network claims regulatory processes have been fast tracked before...

Production Boost at Åsgard with New Subsea Tieback

By The Maritime Executive 2019-07-16 18:15:11

Production from the Trestakk subsea field in the Norwegian Sea started on July 16, marking an increase in production for Equinor's Åsgard project. The entire Åsgard field development ranks among the largest developments on the Norwegian Continental Shelf, embracing 63 production and injection wells drilled through 19 subsea templates. Operational from October 2015, Åsgard's compressor was the first of its kind in the world. It stands in 300 meters (984 feet) of water and covers an area similar to a...

Record LNG Bunkering Completed on World's Largest Crane Vessel

By The Maritime Executive 2019-07-10 20:08:39

Titan LNG has completed the largest LNG bunkering to date, fueling Heerema's new eight-legged crane ship Sleipnir in Singapore this week. The vessel was supplied with over 3,000 tonnes of LNG. Titan LNG chartered the Coral Fraseri for the delivery, the newest addition of the Anthony Veder small scale LNG pool of vessels. The ship loaded in Singapore at the SLNG terminal where Titan LNG sourced the fuel from Pavilion Gas. She then followed Sleipnir offshore and performed a ship-to-ship...

Offshore Rigs Prepare for Hurricane in U.S. Gulf of Mexico

By The Maritime Executive 2019-07-10 13:58:07

A storm system brewing over the U.S. Gulf of Mexico is expected to strengthen into the first hurricane of the season, and it will likely make landfall in Louisiana or Texas this weekend, according to NOAA's National Hurricane Center. A tropical storm watch and a storm surge watch have already been issued for parts of the Louisiana coast, and the areas covered will likely expand by tonight. In addition to winds of 70-90 mph and rising waters from storm surge, exceptionally...

Consortium: Offshore Wind Hubs Feasible in the North Sea

By The Maritime Executive 2019-07-09 18:21:09

Power-to-gas offshore wind hubs are feasible in the North Sea, says an international consortium, the North Sea Wind Power Hub (NSWPH). An estimated 180 gigawatts (GW) of offshore wind energy production could be achieved by 2045. The consortium consists of TenneT, Energinet, Gasunie and the Port of Rotterdam. Its aim is to facilitate the large scale roll-out of far North Sea offshore wind based on an internationally coordinated rollout of hub-and-spoke projects. An internationally coordinated approach could connect and integrate...

Turkey's Second Drillship Set to Begin Operations off Cyprus

By The Maritime Executive 2019-07-09 18:16:55

The Turkish drillship Yavuz has arrived at a position about 11 nm off the coast of Northern Cyprus and will soon begin drilling, despite protests by Cyprus and by Turkey's NATO allies. The island of Cyprus is split between two administrations - the Republic of Cyprus (commonly known as Cyprus), aligned with Greece, and the breakaway Turkish Republic of Northern Cyprus, aligned with Turkey. The Cypriot government in Nicosia lays claim to the entire island, its territorial seas and its...