Sunday, February 25, 2024

Bloomberg News

Paul Salem (Photo: WHOI)

WHOI Board Chair Paul Salem Gives $25 Million for Ocean-based Climate Solutions

. Last year’s U.N. Climate Conference in Dubai, COP28, saw nearly $500 million in new ocean and climate-related funding commitments from sources including Bezos Earth Fund and the Ocean Resilience and Climate Alliance (ORCA)—a new consortium of climate and ocean institutions announced by Bloomberg Philanthropies at COP28 Ocean Pavilion—to advance ocean-based climate solutions and ensure the health and vitality of the ocean.  “I am very pleased that my commitment will accelerate efforts by WHOI to improve humanity’s vital understanding of the ocean,” said Salem

Repsol is already a partner in the Windfloat Atlantic (photo) floating wind farm in Portugal - Credit: Repsol

Ørsted, Repsol Eye Floating Wind Turbine Deployment Offshore Spain

wind turbines offshore Spain."After several years of concept development and small-scale testing, floating offshore wind is now on the brink of commercialization, and the global floating offshore wind market is expected to reach 21 GW of installed capacity by 2035, according to estimates from Bloomberg New Energy Finance. Spain targets 3 GW floating offshore wind by 2030, and the Spanish supply chain is well-prepared to enter floating offshore wind on the back of decades of experience from supplying to Spain’s massive fleet of onshore wind farms," Ørsted said in a statement

© glimpseofsweden / Adobe Stock

Protecting Subsea Cabling

. This enables operators to find the problem sooner, giving them the opportunity to cover the cable back up before significant damage occurs.DAS: The futureThe Global Wind Energy Council estimates that there’s nearly 19 gigawatts (GW) of offshore wind turbines installed around the world, with Bloomberg New Energy Finance forecasting that capacity will grow hugely to 115 GW by 2030.Although subsea cable networks are not a particularly visible part of offshore wind farms, they’re the most vulnerable. Without monitoring technologies such as DAS, it’s difficult for operators to assess

(Photo: Saipem)

Saipem/Subsea 7 Merger Would Create Subsea Giant

Services firm Saipem is considering a merger with rival Subsea 7 in an effort to weather the prolonged industry downturn, Bloomberg reported, citing unnamed sources said to have knowledge of the matter.Commenting on unconfirmed reports, Audun Martinsen, head of oilfield service research at Rystad Energy, said a deal would create a global oilfield giant with more than $12.4 billion in revenue.“Subsea 7 made an unsuccessful bid to merge with US rival McDermott last year. Now it could be looking at a tie-up with Italy’s Saipem, both of which have a strong standing within the so-called SURF

Photo Courtesy USCG

Global Fishing Watch, USCG Examine Illegal Fishing

at sea and tracking avoidance behavior, and explore ways to make the intelligence gained more easily shareable with diverse partners.These discussions come ahead of the planned January 2019 launch of Global Fishing Watch’s new data and analytical cell, formed as part of the partnership with Bloomberg Philanthropies, which aims to collaborate with external agencies to collect, analyze and publish data on commercial fishing activity via the Global Fishing Watch platform. This collaboration with the U.S. Coast Guard Research & Development Center would be the first undertaken by the new cell

Cathrine Armour (Photo: UKHO)

UKHO Names Armour Director of Customer Division

innovation, and is a guest lecturer at the University of Exeter’s Business School. In 2016, her work to facilitate international collaboration and cooperation in environmental data for sustainable development was recognized as a finalist for the WISE International Open Source Award sponsored by Bloomberg

Santos in the Red on LNG Project

 Australia’s third-biggest oil and gas producer Santos Ltd  reported a first-half net loss of $1.1 billion after taking a $1.05 billion charge on its Gladstone liquefied natural gas (LNG) export project in Queensland, reports Bloomberg.   However, Santos Chief Executive Kevin Gallagher said the company may run its Gladstone liquefied natural gas plant (LNG) below its 7.8 million tonnes a year capacity, but said there was no plan to mothball one of its two production units, reports Reuters.   "We wouldn't be looking to ever mothball one train," Gallagher said:

Offshore Brazil: The Libra Field & Brazil’s Pre-Salt Policy

national development. Eleven companies agreed to the auction terms and paid the roughly $1 million participation fee, after which they received the data package concerning the Libra field. Of these 11 companies, seven can be considered super-major players because of their market value, according to Bloomberg/PFC Energy estimates as of December 31, 2012. The fact that they paid the participation fee does not necessarily confirm that they would definitely participate in the auction, and the payment fee was compulsory and individual to each company, even those wishing to submit bids through a consortium

Flood prediction map: Image credit NOAA

Sea Level Rise Tool for Superstorm Sandy Recovery

data. These map products display what the future 100-year floodplain boundaries could look like with sea level rise.
 The 2013 New York City Panel on Climate Change report, Climate Risk Information 2013: Observations, Climate Change Projections, and Maps . Experts convened by Mayor Michael Bloomberg’s Office of Long Term Planning and Sustainability developed regional sea level rise scenarios for the five boroughs in New York City out to 2050. These scenarios include sea level rise from both ocean warming and ice sheet melt, and factor in local conditions such as vertical land movement

The February 2024 edition of Marine Technology Reporter is focused on Oceanographic topics and technologies.
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