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Business & Finance, Business developments & projects
Subsea 7 has updated its Adjusted EBITDA guidance for the full year 2022 following reduced progress on two offshore wind projects and vessel reshuffle at its subsidiary Seaway 7. Seaway 7 announced provisions against the results of project execution of offshore windfarm installations due to increased costs relating to weather delays and mechanical breakdowns. This, […]
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Business & Finance, Business developments & projects, Outlook & strategy, Vision
Subsea 7 has reported a revenue of $2.4 billion for the first half of 2022, an increase of $247 million or 11% compared to the first six months of 2021, driven by the Subsea and Conventional business unit and partly offset by lower revenue in the Renewables unit. Revenue of the Subsea and Conventional unit […]
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Authorities & Government, Business developments & projects, Regulation & policy
Taiwan’s Environmental Protection Agency (EPA) has started reviewing Environmental Impact Assessments (EIAs) for nine offshore wind projects totaling 9.1 GW in capacity, with more than half of the nine projects led by European developers. EPA is holding preliminary EIA review meetings for the projects this month and started with Swancor Renewable Energy’s (SRE) Miaoli 3 […]
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Business & Finance, Business developments & projects
Subsea 7 has reported a revenue of $1.2 billion in the first quarter of 2022, an increase of $197 million or 20% compared to Q1 2021, said to reflect strong growth in the Subsea and Conventional business unit. According to the UK-based company, the increase in revenue is impacted by significant activity on the Sakarya […]
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Business developments & projects, Outlook & strategy, Ports & Logistics, Transition
In order to reduce vessel emissions, Canada’s Halifax Port Authority (HPA) has joined the World Port Climate Initiative (WPCI) as an incentive provider with the International Association of Ports and Harbours’ (IAPH) Environmental Ship Index (ESI).
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Business developments & projects, Outlook & strategy, Vessels
MOL Drybulk, a subsidiary of Mitsui O.SK. Lines (MOL), has signed a memorandum of understanding (MoU) with sustainable wood bioenergy producer Enviva to deploy an environmentally-friendly bulk carrier to reduce the greenhouse gas (GHG) emissions in the woody biomass supply chain.
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Business & Finance, Business developments & projects
Oil major Shell booked a huge profit in the first quarter of the year on the back of higher oil and gas prices.
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Authorities & Government, Business developments & projects, Collaboration, Equipment, Infrastructure, Innovation, Market outlooks, Outlook & strategy, Regulation & policy, Research & Development, Technology, Transition
Global energy company EDP has inaugurated a 5MW floating solar plant in Alqueva – said to be the largest floating solar installation on a dam reservoir in Europe.
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Business & Finance, Business developments & projects, Exploration & Production, Project & Tenders
Waldorf is buying the entire UK business of Hungary’s MOL, which will see it double its staek in the North Sea’s Greater Catcher Area.
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Business & Finance, Business developments & projects, Environment, Outlook & strategy, Regulation & policy, Transition
Representatives of the global shipping industry, supported by governments, have laid out proposals on how a planned global R&D fund can be tailored to support developing economies.
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Business developments & projects, Infrastructure, Operations & Maintenance, Ports & Logistics
PGNiG has marked the first LNG cargo delivery made on a vessel chartered by the PGNiG Group and the first shipment it has received from Venture Global LNG.
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Business & Finance, Business developments & projects, Market outlooks, Vessels
U.S. operator Tidewater is taking over Singapore’s Swire Pacific Offshore to create “the world’s leading offshore support vessel operator.”
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Business & Finance, Business developments & projects, Exploration & Production, Market outlooks, Transition
TotalEnergies saw its quarterly profit soar at the end of 2021 while returning to the black on a y-o-y basis driven by higher prices.
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Business developments & projects, Environment, Market outlooks, Outlook & strategy, Regulation & policy, Transition
US ship owner and operator Crowley has committed to net-zero greenhouse gas (GHG) emissions across all scopes by 2050, pursuing a path aligned with the latest climate science to limit global warming to 1.5 degrees Celsius.
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Taiwan’s Formosa 2 offshore wind farm has reached financial close, Macquarie’s Green Investment Group (GIG) said. Formosa 2 has been jointly developed by Macquarie Capital (75%) and Swancor Renewable Energy (25%). GIG will now play a role in delivering the project through its construction phase. The 376MW offshore wind project located off the coast of Miaoli […]
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The European Commission has approved the acquisition of joint control by JERA, Macquarie and Swancor over the Formosa 2 offshore wind project in Taiwan. The 376MW Formosa 2 offshore wind project is currently owned by Macquarie and Swancor. The Commission concluded that the proposed acquisition would raise no competition concerns as Formosa 2 has no activity within the European Economic […]
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The European Commission has approved the acquisition of joint control by JERA, Macquarie and Swancor over the Formosa 2 offshore wind project in Taiwan. The 376MW Formosa 2 offshore wind project is currently owned by Macquarie and Swancor. The Commission concluded that the proposed acquisition would raise no competition concerns as Formosa 2 has no activity within the European Economic […]
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Singapore-based marine and offshore engineering group Sembcorp Marine has landed a contract with Jan De Nul to fabricate 15 jacket foundations for the Formosa 2 offshore wind farm in Taiwan. Located four kilometres offshore Miaoli County in the Taiwan Strait, the 376MW Formosa 2 will be Taiwan’s largest offshore wind farm once commissioned in late […]
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Business developments & projects, Operations & Maintenance, Project & Tenders
MMA has completed a survey work scope at Formosa 2 offshore wind project located off the coast of Taiwan.
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Jan de Nul has contracted Seaway 7, the Renewables & Heavy Lifting business unit of Subsea 7, for foundation installation works on the Formosa 2 offshore wind farm in Taiwan. The contract includes transportation, pre-piling and installation of 47 jacket foundations. Seaway 7 will be working at the Taiwanese offshore wind farm site in 2020 and […]
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Business & Finance, Equipment, Operations & Maintenance, Project & Tenders
Jan De Nul has been awarded the engineering, procurement, construction and installation (EPCI) of both foundations and subsea cables for the Formosa 2 Offshore Wind Farm (OWF) in Taiwan. Developed by Macquarie Capital and Swancor Renewable Energy Company, the 376MW Formosa 2 OWF will have 47 Siemens 8MW turbines on jacket foundations in up to […]
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Singapore-based marine and offshore engineering group Sembcorp Marine has landed a contract with Jan De Nul to fabricate 15 jacket foundations for the Formosa 2 offshore wind farm in Taiwan. Located four kilometres offshore Miaoli County in the Taiwan Strait, the 376MW Formosa 2 will be Taiwan’s largest offshore wind farm once commissioned in late […]
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Authorities & Government, Business & Finance
Swancor has signed a power purchase agreement (PPA) with Taipower for the Formosa 2 offshore wind farm.
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Jan De Nul will set up a logistics and operations hub for the 376 MW Formosa 2 offshore wind farm project in the Port of Taichung, Taiwan. Jan De Nul and a subsidiary of the Taiwan International Port Corporation (TIPC) signed a lease and operating agreement covering a total of around 15 hectares of land. […]
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Specialist Marine Consultants (SMC) has secured a contract to provide marine coordination services for the Formosa 2 offshore wind farm in Taiwan. As for the Formosa 1 Phase 2 project, SMC will work with SeaPlanner and local communications company Mercury Data Systems to deliver a comprehensive marine coordination solution. This will comprise the design, communications […]
