Venture News

(Photo: MHI Vestas)

MHI Vestas signs MOU with TECO, The Switch

MHI Vestas, an offshore joint venture between Vestas and Mitsubishi Heavy Industries, said on Tuesday it signed its 5th MOU with TECO and The Switch for the delivery of generator products.The company also confirmed that its 9 MW turbine platform will be typhoon ready in 2020, in time for all offshore wind projects in the Taiwanese market.

NORBIT Establishes Oceans Business Unit

which provides wideband multibeam sonars for hydrographic applications and subsea leakage detection for the oil and gas and maritime industries.•NORBIT Aptomar AS, which provides integrated field monitoring services for the marine and offshore industries. NORBIT acquired the company from a group of venture investors last year.•NORBIT Aqua; a range of specialized solutions for the aquaculture industries, including high power submersible and dimmable multispectral lights for fisheries and cage-based farming.•NORBIT Defense; customized underwater acoustics, radar and camera command and control

Photo: Trident Winds Inc

EnBW, Trident Winds JV for Offshore Wind Project in California

continuing its strategy of capturing growth in new international markets in the renewable energy sector.  Following its recent entry into Taiwan, EnBW has now expanded its activities to the United States of America by establishing a regional subsidiary, EnBW North America, and forming a joint venture with Trident Winds Inc. to develop an offshore wind project off the coast of in Central California. This represents the EnBW Groups first step toward tapping into the high potential of the American market. Several of the United States have set ambitious goals for the expansion of offshore wind

Photo: Saipem S.p.A.

Saipem Wins $700 Mln Worth of Offshore Contracts

contracts, assigned by Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of ExxonMobil, as the project operator, are in addition to those awarded to Saipem in 2017 for Liza Phase 1.Following engineering and subject to requisite government approvals, project sanction from the joint venture and an authorization to proceed with the next phase, Saipem will then perform detailed engineering, procurement, construction, and installation of the risers, flowlines, and associated structures and jumpers. Saipem will also transport and install umbilicals, manifolds, and associated foundations

The West Hercules drilling rig in the Barents Sea. (Photo: Ole Jørgen Bratland / Equinor)

Norway Awards Oil Permits to 11 Firms in Arctic Licensing Round

petroleum activity in the north," Oil and Energy Minister Terje Soeviknes said in a statement.Equinor, formerly known as Statoil, was awarded five licences and will participate as a non-operating participant in a further two.Shell, Aker BP, Lundin, OMV and Spirit Energy, a Norwegian joint venture between Britain's Centrica and Germany's Bayerngas, were also offered operatorships.Licence operators determine exploration programs and sign contracts with suppliers, in coordination with partners.In addition, DEA, Idemitsu, M Vest Energy, VNG and Wintershall were awarded participating

Photo: Alpha Offshore Services

​​​​Alpha Offshore Bags Offshore Wind Blade Repair Contract

Alpha Offshore Service A/S has been awarded a contract with NoordzeeWind, a Joint Venture between utility company Nuon and Shell, for blade repair on the Offshore Windfarm Egmond aan Zee (OWEZ).The first large windfarm built in the Dutch sector of the North Sea, OWEZ consists of 36 3MW turbines and sits approximately six miles off the coast from the village of Egmond aan Zee.Alpha Offshore will be providing experienced personnel with specialist knowledge of the 44 meter Vestas V90 turbines to undertake independent blade repair of around 80 blades. The scope of work will depend on the requirement of

© Nicolas Faramaz / Adobe Stock

Peru Will Likely Create Pacific Ocean Reserve in 2019

this year.The proposed area includes feeding and breeding grounds for turtles, humpback whales, seals, seahorses and commercial fish species, according to the document.The companies that have exploration or drilling rights inside the borders of the proposed reserve include Savia Peru - a joint venture of Ecopetrol and Korea National Oil Corp - BPZ Exploracion & Produccion, Karoon Gas Australia Ltd and China National Petroleum Corporation.(Reporting by Mitra Taj; editing by Jonathan Oatis

(Photo: Beatrice Offshore Windfarm Ltd.)

Beatrice Offshore Wind Farm Produces First Power

(MW) turbine, the wind farm exported power to the National Grid, the firm added.The 2.6 billion pound ($3.4 billion) wind farm will be completed in spring 2019. It will have capacity of nearly 600 MW and be capable of supplying around 450,000 homes with power.Beatrice Offshore Windfarm Ltd is a joint venture between SSE, Copenhagen Infrastructure Partners and Red Rock Power Ltd.($1 = 0.7693 pounds)(Reporting by Nina Chestney; Editing by Dale Hudson

(Image: Bay State Wind)

Bay State Wind Revises Turbine Layout

Bay State Wind, an offshore wind joint venture between developer Ørsted and New England electric transmission company Eversource, announced a significant change to its proposed wind farm layout in response to feedback from fishermen and community members.The revised turbine layout pattern accommodates historical fishing patterns and helps to provide greater ease of fishing within, and transiting through, the wind farm, located 15 miles off the coast of Martha’s Vineyard, Mass.Bay State Wind said its engineering and layouts team incorporated as many suggestions as possible from fishermen

Unique Group Enters into West Africa JV

Subsea and offshore solution provider Unique Group said it has formed a joint venture (JV) with Nigeria-based Charkin Maritime & Offshore Safety Ltd, a professional training company for the maritime and offshore oil and gas industries.The newly formed JV, Unique Charkin System Ltd, based out of Port Harcourt in Nigeria, offers a full range of support to the oil and gas market in Nigeria and will further extend services into Sub-Saharan Africa.Although already active in the region for some time, the partnership creates a dedicated office for Unique Group in the region, bringing enhanced accessibility

Seabed Geosolutions Wins GoM Extensions

Seabed Geosolutions, a joint venture between Fugro and CGG, has secured an extension to a recently awarded 4D ocean bottom node (OBN) seismic monitoring surveys over multiple oil and gas fields in the U.S. Gulf of Mexico.Seabed Geosolutions has recently started as planned with the original workscope, and the additional surveys will increase the total duration to around five months. The extension secures backlog continuity for the CASE Abyss ocean bottom node crew and the Hugin Explorer vessel.Seabed Geosolutions supports the optimal development and production of oil and gas fields by providing high

© Kelly / Adobe Stock

Mexican Wave Energy Project Moving Forward

Energy from the ocean breakers that pound Mexico’s Pacific Coast could soon be turned into electricity as an Israeli joint venture finalizes permits and financing for the country’s first wave energy plant.Wave power development has long lagged renewable rivals such as solar, but Eco Wave Power says it could prove an effective way to deliver power to coastal communities in countries such as Ghana or Kenya that have little access to electricity.“The ocean is the biggest renewable resource that we have and it’s completely untapped, and it has to change,” said Inna Braverman

Saab Seaeye’s Sabertooth hybrid ROV/AUV (Photo: Saab)

Unmanned Vehicles May Soon Take Up Residency Subsea

rooms onshore will see live what tools are in place and how well charged they are, etc. The docking station would also have batteries, a bidirectional smart charger.Is it Commercial?Glancy says the UID concept could be more attractive if it could be a shared service, for example, operated on a joint venture or leased to other operators, as well as for civilian, surveillance, security or other mapping applications. Further into the future, unmanned surface vessels could assist unmanned subsea operations.Glancy says there are still various challenges, however, including the readiness of subsea infrastructure

Fugro/CGG JV Wins Seismic Survey Contract

Fugro and CGG joint venture Seabed Geosolutions said it was awarded a contract for an ocean bottom seismic project in the Middle East. The survey to acquire 3D seismic data is planned to commence in the fourth quarter of 2018. The contract value of around $25 million.

Photo: Kreuz Subsea

Newbuild Kreuz Challenger Mobilized for Brunei Shell Contract

recognized diving system assurance, DNV class standards and IMCA regulations. The vessel can accommodate 105 personnel and is equipped with a 100-ton active heave compensation crane, a 12-man saturation diving system, and a self-propelling hyperbaric lifeboat.Kreuz Subsea has entered into a joint venture (JV) with Bruneian offshore marine services company, SPHI Marine Sdn. Bhd. The partnership has seen SPHI Marine acquire an equity interest in the firm’s Brunei operations.As part of the JV, Kreuz Subsea has committed to developing local personnel with competencies in the field of offshore

File Image: A Subsea 7 offshore support vessel. CREDIT: Subsea 7

Subsea 7: Offer Could Change if McDermott Cooperates

services group Saipem, which competes with Subsea in providing undersea solutions for oil and gas firms, has said the bid for McDermott is a sign of industry consolidation that has to be monitored closely. The move comes after Schlumberger and Subsea started talks earlier this year to form a joint venture to deliver undersea installations and services. Oil firms have returned to profit thanks to higher oil prices and cost cuts made in the recent downturn, but their suppliers are still feeling the squeeze. Siem has long called for the industry to consolidate as a way of coping. "Siem

© Yauhen Suslo / Adobe Stock

Taiwan: The Next Battleground for Offshore Wind

said Andreas Nauen, offshore chief executive for Siemens Gamesa, adding some European equipment would initially be used.Siemens Gamesa is working to develop the Port of Taichung as a regional hub and has signed non-binding agreements with some local partners that could provide gear locally.MHI Vestas, a venture between Japan's Mitsubishi Heavy Industries and Danish turbine maker Vestas, is also considering developing local manufacturing."We want to produce locally because we want to be competitive," the joint venture's chief executive, Philippe Kavafyan, told Reuters.(Reporting by Stine

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