Woodside Hires Subsea 7 for Trion Subsea Installation Services Offshore Mexico
of the subsea umbilicals, risers, and flowlines, as well as the associated subsea architecture.The project, which Woodside and Pemex are developing in partnership, involves a wet tree subsea system connected to an infield floating production unit (FPU). Wood Secures Trion FPU Topsides JobSouth Korean Shipbuilder to Build Floating Production Platform for Mexican Offshore ProjectThe field is located approximately 30 kilometers south of the U.S. / Mexico border and 180 kilometers away from the Mexican coastline, at a water depth of 2,600 meters.Subsea 7 will start management and engineering for
LS Cable Reels In Preferred Supplier Deal for CIP’s Offshore Wind Farm in Taiwan
Copenhagen Infrastructure Partners (CIP) has signed preferred supply agreement with LS Cable for the supply of both offshore and onshore cables for the 500 MW offshore wind project in Taiwan.The scope of the contract awarded to Korea-based industrial corporation and one of the biggest cable manufacturers worldwide includes supply of offshore export cables, inter-array cables and onshore export cables for the Feng Miao 1 project.The cables will be supplied from LS Cable’s Korean manufacturing facility.To remind, CIP was awarded Feng Miao 1 development in the first round of Taiwan’s Round 3
The APAC Offshore Market: Riding the Wave of Success into 2024 and Beyond
. Turbine sizes are expected to double from 8 MW today to 15 MW towards the end of the decade. We are also seeing interest from developers within the floating wind segment, which tends to see projects moving further away from shore. Notable projects on the horizon include the Holim 1.5GW project in Korea, Formosa 5 1.5GW and Winds of September 1GW project in Taiwan, as well as the Wakayama 1GW project in Japan.According to forecasts by Rystad Energy, offshore wind installation spending in Asia (excl. China) is set to grow by 115% this year, recording $1.1 billion. With Asia contributing a high share
US Supplier to Provide Subsea Wellhead Systems for Woodside’s Trion
decision (FID) for Trion project in June 2023. Woodside is the operator with a 60% participating interest and PEMEX holds the remaining 40%.Trion field will be developed through a floating production unit (FPU) with an oil production capacity of 100,000 barrels per day.The FPU, to be built by South Korea’s HD Hyundai Heavy Industries, will be connected to a floating storage and offloading (FSO) vessel with a capacity of 950,000 barrels of oil. Gate Energy has been tasked with the commissioning of Trion FPU.Trion is located in a water depth of 2,500 meters, approximately 180 kilometers off the
Floating Production – A Growing Segment in Transition
energy carriers, such as methanol and ammonia. One exciting development leverages Generation IV small modular nuclear reactors to provide the power and heat required to desalinate seawater, power electrolyzers and other production, storage and offloading systems. Concepts are being developed in South Korea and Europe.Finally, we are seeing a trend of certain key players in the floating production segment to leverage their expertise for executing challenging and large projects in deep water into the floating wind space, including Petrobras, Shell, TotalEnergies, Equinor, CNOOC, SBM Offshore, MODEC and
Fugro Sets Up South Korea Base for Offshore Renewables
Dutch survey company Fugro has opened a new office South Korea, dubbed ‘Fugro UST21’, as part of a joint venture with South Korean marine technology company UST21.Based in Incheon, the new office will provide geo-data solutions for South Korea’s growing offshore renewable energy sector, which Fugro has been actively supporting in collaboration with UST21 since 2019.The creation of Fugro UST21 establishes Fugro’s first permanent presence in the country.“We’ve already been working closely with UST21 for several years but this new office allows us to better support our
Scana’s PSW Technology Divests Well Control Equipment
develop similar well control equipment in our possession, hence expanding our market position,” said Richard Cornell, Managing Director in PSW Technology.“The transaction is a continuation of unlocking cash potential in our balance sheet, as previously demonstrated by the sale of Scana Korea. We are pleased that we can both enhance our liquidity and distribute funds to our shareholders and in addition strengthen our delivery capabilities in well control services,” added Pål Selvik, CEO of Scana.Assuming the transaction is completed, the board of directors of Scana will convene
Taihan Secures $77.3M Offshore Wind Cabling Contract in South Korea
Taihan Cable & Solution has won a $77.3 million contract for the supply of subsea cables for the 365 MW Yeonggwang Nakwol offshore wind farm in South Korea, and purchased what is said to be the country's only cable-laying vessel (CLV) for the offshore wind market.Under the $77.3 million contract, South Korean company Taihan will be responsible for supplying inter-array subsea cables that connect 64 offshore wind turbines, each rated at 5.7 MW, installed at the Yeonggwang Nakwol wind farm, and the cables connecting them with a new substation on Songi Island.The cables will be produced at the
Top 10 Things to Watch in Offshore Wind in '24
turbines will be installed globally between 2024 and 2035.Copyright Kruwt/AdobeStock3. Core Markets = Good OpportunityThere remains abundant contracted and planned project capacity to develop in the core UK, Europe (Germany, the Netherlands, France, Denmark, Poland, etc.), U.S., and Asian (Taiwan, South Korea and Japan) offshore wind markets.4 .Potential in Australia and South AmericaAustralia is seeking to identify developers for a number of multi-gigawatt sites, both bottom-fixed and floating, off Vicotria, New South Wales and Western Australia for commissioning in the next decade. In South America
February 2024
