ABL Gets Neptun Deep Job for OMV Petrom in Black Sea
be fabricated at yards in Italy and Indonesia. ABL’s project management will be centralized in London, whilst much of the operational and on-site attendances will be delivered by ABL’s local Black Sea operations.ABL’s wider global team will also support the project’s global supply chain, including its Indonesian operations based in Jakarta and Batam.“This energy infrastructure project will also play an important role in supporting Europe’s longer-term energy security. As such, we are pleased to offer our capabilities to support the delivery of the project,”
Bekaert Joins Tailwind Floating Wind Moorings Innovation Project
(Denmark), University of Southampton (UK).Tailwind also targets a significant reduction of the levelized cost of electricity (LCOE) produced by floating offshore wind farms thanks to the higher cost-efficiency of the new mooring and anchoring solutions, avoiding bottlenecks and major dependency on the supply chain
Vattenfall, ORE Catapult Extend Test & Demo Alliance at Aberdeen Offshore Wind Farm
the Aberdeen coast, until the end of 2026.“As a leading developer of offshore wind, the collaboration between Vattenfall and ORE Catapult at Aberdeen Offshore Wind Farm is absolutely vital. We’re supporting technologies needed to promote a competitive offshore wind industry, strengthen the supply chain, and bring economic benefits to the UK“What we offer companies is a world class testing and demonstration facility. Technologies must meet the highest requirements – delivering increased safety in offshore wind operations, minimising impact on the environment, and reducing costs of
Sulmara to Work on Site Characterization at Scottish Floating Wind Farm
Stromar, where Sulmara’s expertise, alongside its sustainable vessels and innovative technology, will be crucial for this significant work."Partnering with the Sulmara team aligns with our commitment to decarbonization and, importantly, working with Scottish partners to bolster the local supply chain. Stromar represents a major project that could enhance Scotland’s leadership in the global floating wind sector, while also contributing to the ambitious net zero targets set by both the Scottish and UK governments,” added Stromar’s project director, Nicholas Ritchie.The news
Magallanes Puts Tadek on Tidal Energy Cables and Mooring Systems Job
in the Morlais Demonstration Zone, where the first turbine deployments are scheduled for 2026.“We are proud to be working at the vanguard of the renewable energy sector. In order push the boundaries and deploy new, innovative technology it’s been imperative to build a world-class supply chain, including partners such as Tadek Ocean Engineering, who bring an unparalleled level of expertise – in this case within marine operations,” said Alex Marques de Magallanes, Magallanes Renovables CEO
Prysmian, Hitachi, BAM Get Cable and Converter Stations Contracts for UK Subsea Link
facilities for the production of the HVDC cable and its cable laying vessels for the installation in the timescale required for EGL2 to meet its targeted energization date in 2029, supporting the timely delivery of this project and mitigating risks associated with global constraints in the HVDC supply chain.Hitachi Energy is partnering with BAM to provide the engineering works and technology for the HVDC converter stations which form the terminals for the HVDC cable and convert direct current to the alternating current used in the onshore transmission network.The subsea HVDC cable system is approximately
Balmoral Comtec Names Lowdon Nonexecutive Director
Balmoral Comtec, a division of Balmoral Group and a key player in the offshore energy supply chain, announced it has appointed Dr. Alan Lowdon OBE as nonexecutive director, in move aiming to strategic Balmoral's offshore wind ambition.Lowdon brings over 35 years of experience from various directorial roles in the renewable energy sector, where he has been responsible for strategic, service and product development. Notably, Lowdon was awarded the Order of the British Empire (OBE) for 'Services to UK-US Offshore Wind Collaboration' in January 2022's Queen's New Year's Honor List.
The APAC Offshore Market: Riding the Wave of Success into 2024 and Beyond
downturn led to significant losses and discipline is now back in the sector.The timeline for newbuild deliveries currently ranges from 24 months to 36 months given the limited technical capability and slot availability. Lead time of key equipment is contributing to these construction periods, as the supply chain is still not ready to handle significant volume. We believe that a surge in orderbook for offshore vessels is unlikely to happen in the next 12 to 18 months despite the recovering market condition and confidence, as financing will continue to be a key challenge for traditional OSV owners. Liquidity
Floating Production – A Growing Segment in Transition
The specialized deepwater oil & gas and floating offshore wind segments will share many of the same stakeholders and supply chains, competing for increasingly scarce resources.To receive a full version of Inteletus analysis, click hereThe established floating production segment is forecast to experience continued growth through this decade, driving demand for, among other things, moorings, subsea systems, umbilicals, risers, flowlines and the large anchor handlers and subsea support vessels that will install and maintain the elements.At the same time, the floating wind segment will move from
February 2024
