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  • Volume 82, Issue 5, September-October 2022

    • Volume 82, Issue 5, September-October 2022

    Industry turning to modification and reuse to shorten cycle time, reduce costs

    More content from Volume 82, Issue 5, September-October 2022

    Photo 55873502 © Bomboman | Dreamstime.com
    Snubbing Unit Dreamstime M 55873502
    Approach proven offshore US, Asia, and Australia.
    Oct. 3, 2022
    Photo 13165434 © Eugene Suslo | Dreamstime.com
    2022 Offshore Wind Special Report Cover Art
    Offshore wind is advancing the blue economy and energy transition agendas.
    Oct. 3, 2022
    Courtesy Esgian Wind Analytics
    Lead times are defined as the duration between contract award details being made public and the date of operation of the wind farm.
    The US offshore wind industry is facing some challenges and opportunities unlike those seen in other parts of the world.
    Oct. 3, 2022
    Courtesy Odfjell Oceanwind
    In late August Odfjell Oceanwind received confirmation from DNV that the main scantling approval of its Deepsea Semi floating wind foundation design was close to completion.
    Hot spots of the floating offshore wind sector are heavily focused near the UK, but emerging projects are ramping up globally.
    Oct. 3, 2022
    Courtesy SIOW
    SIOW published a study a few months ago highlighting the $109 billion supply chain opportunity from the private sector for offshore wind in the US. The graphic illustrates the level of spend and on which components.
    The industry will soon experience profound economic, environmental and energy system benefits.
    Oct. 3, 2022
    Courtesy Rystad Energy Offshore Wind Dashboard; Rystad Energy research and analysis
    European annual capital additions by country are displayed on the left side, and cumulative capital is depicted on the right side.
    Is the supply chain ready?
    Oct. 3, 2022
    Courtesy Westwood Global Energy Group
    Graphic 1
    There is tremendous potential in Asia’s offshore wind supply chain with $294 billion forecast EPCI spend 2026-2030, of which $194 billion or 66% is to be spent on turbines.
    Oct. 3, 2022
    Courtesy Richard Crighton, BIG Partnership
    The Aberdeen Offshore Wind Farm is located about 3 km off the coast of Aberdeen, UK. With its 11 wind turbines, it has a total capacity of 93.2 MW.
    Construction and fabrication sectors face issues as they work toward delivering for an energy future led by offshore wind.
    Oct. 3, 2022
    Courtesy IHS Markit
    2210 Offow Vess T 1
    There are question marks over the longevity of older, less capable vessels in a market where foundation sizes and weights are rapidly increasing.
    Oct. 3, 2022
    Courtesy GustoMSC; NOV
    The first Jones Act-compliant wind turbine installation vessel is Dominion Energy’s Charybdis.
    The development of fixed and floating offshore wind infrastructure presents vast opportunities for the US renewables market.
    Oct. 3, 2022
    Courtesy Fugro
    Fugro's Blue Essence uncrewed surface vessel is controlled from an ROC.
    The offshore wind operations and maintenance sector has two main strategies: developing data-driven technology and driving down costs and time.
    Oct. 3, 2022
    Courtesy Shaun Dakin/Unsplash
    Shaun Dakin N Y Rhd44e O Unsplash
    As BOEM tackles new challenges and the enormity of the tasks before it, litigation may slow the process and frustrate goals to achieve ambitious timelines.
    Oct. 3, 2022
    Courtesy Energy Workforce & Technology Council
    I Stock 1253690396
    New technology is leading the future in energy resources, including oil, gas and offshore wind.
    Oct. 3, 2022
    Courtesy Esgian Rig Analytics
    Offshore Rig Sales
    Sales of offshore rigs are down so far this year, compared with the past two years.
    Oct. 3, 2022
    Source: S&P Global
    August 2020-July 2022
    The offshore drilling market has continued to rebound over the last few months as demand and commodity prices have both been higher.
    Oct. 3, 2022
    Source Deloitte
    Deloitte
    The North American upstream industry cumulatively generated only US$47 billion in free cash flows over the last decade (2010–2020).
    Oct. 3, 2022
    Photo by Einar Aslaksen/Courtesy Equinor
    The Peregrino field offshore Brazil.
    A compilation of the latest offshore exploration and production updates from around the world
    Oct. 3, 2022
    Courtesy Aker Solutions
    Aker Solutions Subsea Trees
    Rystad predicts that Europe and South America will continue to be the two main subsea hubs, and the two regions are expected to see an increase from 2022 of almost 21% and 24%...
    Oct. 3, 2022
    Courtesy IberBlue Wind
    IberBlue Wind says it will perform early development and design of projects offshore Spain and Portugal.
    IberBlue Wind has started operations in Spain and Portugal, targeting development of floating offshore wind farm projects.
    Oct. 3, 2022
    Beyond The Horizon
    The offshore wind industry and the offshore oil and gas industry share common ground in pursuit of decarbonization targets and improved economics.
    Oct. 3, 2022