Created and produced by
OFFSHORE ENERGY EDITION 38
IN THIS ISSUE Interview Fatih Birol, IEA and Mohammad Barkindo, OPEC
Guest Column Bernard Alblas, Manager Proposal Department at IHC Services and chairman of Young IRO.
OFFSHORE ENERGY 18
Scope of Offshore Containers and Types
ELA Offshore CCUs and Workshops + + + + + +
standardized or custom-made any dimension required available with optional insulation available with electrical installation for rent and sale available at short notice
ELA Offshore Accessories + + + + + +
for stand-alone or linkable use ideal combination “Plug & Play” design easy handling for rent and sale available at short notice
20 ft ELA Offshore Accommodation Type: ALLROUNDER + + + + + +
for stand-alone use good comfort “Plug & Play” design easy handling for rent and sale available at short notice
20 ft ELA Offshore Accommodation Type: PREMIUM + + + + + +
for stand-alone or linkable use high comfort with interior corridor “Plug & Play” design easy handling for rent and sale available at short notice
33 ft ELA Offshore Accommodation Type: PREMIUM PLUS + + + + + +
Offshore Accommodation ELA Container Offshore GmbH Zeppelinstraße 19-21, 49733 Haren (Ems),Germany, Tel: +49 5932 7323-500, Fax: +49 5932 7323-510, E-Mail: info@ela-offshore.com, www.ela-offshore.com
for stand-alone or linkable use highest comfort with interior corridor “Plug & Play” design easy handling, weight below 10 t for long term rent and sale available at short notice
OEEC NEWSFLASH
In this issue
No calm before the storm
Interview 4
As we were finalizing this newsletter a fierce storm raged across The Netherlands.
Theme OEEC 2018
6
“Good for wind energy”, people quipped. But with wind speeds reaching 130
Guest column
7
km per hour the wind was at times too strong. Meanwhile in The Netherlands
OEEC Update
9
Parliament debated gas production in The Netherlands after a 3.4 magnitude
What’s hot in 2018?
10
earthquake hit the province of Groningen in the Northern part of The Netherlands early January.
Practical Information Exhibition Ms. Annemieke den Otter Exhibition Manager Tel: +31 (0)10 2092606 Email: ao@navingo.com
Sales Mr. Stephan van Plateringen Sales Manager Tel: +31 (0)10 2092604 Email: sp@navingo.com
Mrs. Nancy Slob-Corpeleijn Exhibition Coordinator Tel: +31 (0)10 2092651 Email: ns@navingo.com
Ms. Martine Brussé Account Manager Tel: +31 (0)10 2092649 Email: mb@navingo.com
Ms. Cristien Louers Project Coordinator Tel: +31 (0)10 2092662 Email: cl@navingo.com
Marketing Mr. Philip Mulder Marketing Manager Tel: +31 (0)10 2092674 Email: pmu@navingo.com
Conference Mrs. Femke Perlot-Hoogeveen Conference Manager Tel: +31 (0)10 2092634 Email: fh@navingo.com
Ms. Anna-Linde Drost Marketing Coordinator Tel: +31 (0)10 2092688 Email: ald@navingo.com
Ms. Marjolein Verweij Conference Program Manager Tel: +31 (0)10 2092635 Email: mve@navingo.com
Mrs. Marloes Hoefnagels-Meijer Marketing Coordinator Tel: +31 (0)10 2092682 Email: mhm@navingo.com
Ms. Inge Klap Conference Project Manager Tel: +31 (0)10 2092689 Email: ikl@navingo.com
Mrs. Rebecca van den Berge-McFedries Editor Tel: +31 (0)10 2092602 Email: rm@navingo.com
The Netherlands is our home country and it is in this tumultuous environment that we are preparing for the 11th Offshore Energy Exhibition & Conference. No calm before the storm here. From our offices in The Netherlands and Bosnia we look at energy developments across the globe. We are extremely pleased to have sat down exclusively with both Mohammad Barkindo, Secretary General of OPEC and Fatih Birol, Executive Director of OPEC and discuss some major issues in energy and energy transition with these two key energy persons. You will find a double feature article on pages 4 and 5. Carefully considering developments in the energy industry has led us choose our OEEC 2018 event theme. To read more about the theme and the ideas behind it, go to page 6. Our first guest column this year is by Bernard Alblas, Manager Proposal Department at IHC Services and Chairman of Young IRO. We are pleased to offer a platform to the next generation of industry leaders. You can find the column “Focus on the new and don’t fight about the old” on page 7. The global energy industry has a home in Amsterdam and around seventy percent of the exhibition floor is already sold out. For our conference we are developing some exciting new concepts. For an update of preparations, head to page 9. In the coming months some of us will be on the road to promote Offshore Energy. We hope to speak with many of you. See the map below to know where you can run into us. Together with our colleagues at the editorial office we have made a selection of what we think will be hot across the globe in 2018. You will find this account on pages 10 and 11. Enjoy reading this edition! The OEEC team
OFFSHORE ENERGY 18
13-15 March Oceanology International London
27-30 August ONS Stavanger
1-2 March SNS Norwich
Amsterdam RAI, the Netherlands Europaplein 22, 1078 GZ Amsterdam Halls 1, 2, 3 & Amtrium
Stay in touch @NavingoOE #OEEC Facebook.com/OffshoreEnergy Offshore Energy Amsterdam
Stay informed Stay up-to-date and receive our periodical Offshore Energy newsletter. Subscribe at www.offshore-energy.biz/newsletter
30 April – 3 May OTC Houston
12-14 June Seanergy / ICO Cherbourg
4-7 September SMM Hamburg
25-28 September Windenergy Hamburg
Offshore Energy on the road in 2018 3
“You find something if you look for it” The IEA and OPEC on energy transition, exploration and investments
If you had to name the key organizations with knowledge of global energy developments, it is likely that the International Energy Agency (IEA) and the Organization of Petroleum Exporting Countries (OPEC) are among your answers. Offshore Energy Today recently sat down exclusively with the highest representatives of IEA and OPEC – Fatih Birol, IEA Executive Director and Mohammad Barkindo, OPEC Secretary General – and discussed some major issues including energy transition, exploration and investments.
Fatih Birol was known to many as the IEA’s Chief Economist and the man leading the IEA’s flagship publication World Energy Outlook before being elected Executive Director in September 2015. Since taking office he further intensified his contribution to the international energy and climate debate.
Energy transition
Birol just returned to Paris after a trip to the US and was willing to free up time for a conversation with Offshore Energy Today. We started our talk with the energy transition. “For the IEA, the energy transition is about going from the current energy mix to a more sustainable energy mix in the future” said Birol. “Of course this energy mix changes from one country to another, depending on the resources, their economic development level, and their government policies.” The IEA currently has twenty-nine member countries and will soon welcome Mexico as its thirtieth member, bringing the IEA’s
representation to 70% of the world’s energy use.
The decisions that are taken in Beijing, one way or another, affect all of us. Under Birol, the IEA’s dialogue with nonmember countries, especially China and India, has deepened. Birol speaks with clear admiration about China and its new energy policy. “Only a few months ago China’s communist party decided a new path for Chinese economic and energy policies. This is summarized by President
About Mohammad Barkindo, Secretary General, OPEC Before taking office as Secretary General, Mohammad Barkindo had already worked in several key roles at OPEC, representing his home country Nigeria. In addition to governmental roles, he was Group Managing Director and CEO of the Nigerian National Petroleum Corporation (NNPC) from 2009 and 2010 and previous to that Deputy Managing Director of Nigerian Liquefied Natural Gas. He has been heavily involved in UN Climate change negotiations since 1991. He was elected to serve as Vice President of COP13 (Bali, Indonesia), COP14 (Poznan, Poland), and COP15 (Copenhagen, Denmark), where he chaired the opening session.
4
Xi under the motto of “making the skies of China blue again”, which means China goes in the direction of clean energy.” According to Birol, China is the number one producer of solar, wind, hydropower and nuclear energy in the world and Birol expects Chinese gas consumption to grow substantially, replacing coal. “The decisions that are taken in Beijing,” says Birol “one way or another, affect all of us.”
Transition to access
Offshore Energy Today also had the opportunity recently to speak with Mohammad Barkindo when he was visiting The Netherlands. Barkindo leads the OPEC secretariat since August 2016. On energy transition, Barkindo stressed that while this is generally perceived as the transition from fossil fuels to renewables, for some energy transition means energy access. An estimated 1.1 billion people have no access “to what we take for granted in other parts of the world – electricity,” and “more than 2 billion people have no access
Mohammad Barkindo speaking in The Netherlands
INTERVIEW
Fatih Birol
to commercial energy, either for heating or cooking.” According to Barkindo, these people will drive the demand for oil which he expects to keep on rising. Quoting from OPEC’s World Oil Outlook, Barkindo said that energy demand would grow by 35 percent, with long-term oil demand surpassing the 100 mbd mark in 2020 for the first time in history, to reach a level of more than 111 mbd by 2040. Developing countries would take up as much as 67 mbd by 2040. In accordance, Barkindo expects no peak in oil demand.
Peak demand
Asked about the notion of peak oil, Birol is of the same opinion. “The number of electric cars will increase, but global oil demand will still increase as well.” “We will not see a peak sometime soon, because oil demand growth is going to come more and more from trucks, jets and mainly from the petrochemical industry.” To be able to meet future demand, new investments in both oil and gas are much needed. According to Birol we should not forget that we need to increase oil production to meet demand growth, but also because some of the fields are in decline. “We have to increase the production to compensate those fields,” said Birol.
New investments
Birol hopes to see investments in oil and
Mohammad Barkindo
Nearly one trillion dollars in investments were frozen or discontinued gas E&P picking up again after years of decline. “We have never seen global oil investments declining two to three years in a row.” Historically, if there was one year in decline, you would see a rebound the year after. “In 2015 and 2016 we saw decline, 2017 was at best case, flat. I hope to see that in 2018 there is an increase in global oil investments, otherwise we will face substantial challenges in the next few years to come.” Barkindo rang a similar warning bell during the public presentation in The Netherlands that Offshore Energy Today attended. The OPEC Secretary General warned of the oil industry struggles in the past few years, when the oil price fell by 80 percent at one point, the worst downcycle of all previous down-cycles in the petroleum industry. “It had a severe effect on the industry,” said Barkindo. “Budgets were depleted, E&P spending was reduced by 27 percent in 2015 and 2016. Nearly one trillion dollars in investments were frozen or discontinued.” With budget constraints and exploration expenditure of companies in decline, new
oil and gas discoveries in 2017 were the lowest in the last forty years. “You find something if you look for it,” said Birol. “We didn’t look for oil, so we couldn’t find it.” I hope that the exploration budgets of the companies – I expect so in fact – will increase in 2018.”
Successful marriage
Birol sees room for oil, both onshore and offshore and for gas, especially LNG. “There is huge room for renewables,” said Birol. “Onshore, solar and offshore, more and more wind will come to the market.” We asked Birol what possible collaboration he sees between oil and gas, and renewables. “I see a very good basis for a successful marriage between renewables and natural gas,” said Birol “and it is happening.” More coverage of the interviews with Fatih Birol – including on the IEA’s dialogue with industry, on offshore wind and on the potential of carbon pricing – and with Mohammad Barkindo – including on oil prices and climate goals, will follow on OffshoreEnergyToday.com. Don’t miss out, subscribe tot the free OffshoreEnergyToday newsletter
About Fatih Birol, Executive Director, IEA Only half-way in his first term, Fatih Birol has just been re-elected for a second term. Birol has been named by Forbes magazine among the most influential people on the world’s energy scene. He is the Chairman of the World Economic Forum’s (Davos) Energy Advisory Board and serves as a member of the UN Secretary-General’s Advisory Board on “Sustainable Energy for All”. He is also the founder and chair of the IEA Energy Business Council, which provides a forum to enhance co-operation between the energy industry and energy policy makers. He is an honorary life member of the Galatasaray Football Club and for our snapshot we chose the Galatasaray frame as background.
Offshore Energy Newsflash 38
Fatih Birol and Femke Perlot-Hoogeveen, IEA office
5
OEEC THEME 2018
Explore. Inspire. Transform.
OFFSHORE WIND
OIL & GAS
MARINE ENERGY
Offshore Energy Exhibition & Conference has an overall theme for the new year. The OEEC 2018 theme is “Explore. Inspire. Transform.” The theme gives guidance to the conference program and serves as a conversation starter at various meeting places on the exhibition floor. “It is the first time that our event theme can also be understood as a call to action.” says Annemieke den Otter, Event Manager and overall responsible for Offshore Energy. “Last year we celebrated Offshore Energy’s tenth anniversary. Our event themes have usually been descriptive, reflecting the state of play in the offshore industry. Given a number of concurrent, impactful, developments in the offshore energy industry we wanted to start the next decade of Offshore Energy with a more bullish theme.” Below, you can read what the theme means to the OEEC team.
Choosing an event theme is an important milestone in the preparations of OEEC.
Explore…
Inspire…
Transform…
… investments in research, development and deployment in all sources of energy are needed to meet global energy demand growth. Offshore energy resources, in their many different shapes and sizes and from many different basins, play a key role in securing energy supply. OEEC addresses exploration taking place around the world in oil, gas, wind and marine. OEEC 2018 will also explore geothermal energy. Each source comes with a range of challenges to keep production sustainable.
… to fulfill its mission, the offshore industry needs to retain and attract bright minds in various disciplines. This can only be achieved when people already in the industry keep finding their work fulfilling and when people – in particular the next generation – outside the industry become passionate about the industry. The different sectors of the offshore industry each have their own challenges but they have a number of things in common: a strong need for engineers who are adaptable, creative, analytical and above all: who are energy professionals.
… in the past three years a low oil price on the one hand and strong incentives for offshore renewables on the other hand have transformed the offshore industry. It is up for debate whether industry has fully adjusted to the new reality and whether we will witness a boom in the oil industry as has generally happened after a bust. What is undebatable is that the global energy system is changing, with more electrification, more digitalization and less CO2 emissions.
“Choosing an event theme is an important milestone in the preparations of OEEC,” says Philip Mulder, Offshore Energy Marketing Manager. “Our mission remains the same through the years but the event theme changes and is tried and tested among various stakeholders.” “Now that the theme is announced, we look forward to hearing what “Explore. Inspire. Transform.” means to members in our community.”
What does the OEEC 2018 theme Explore. Inspire. Transform. mean to you? Drop us a line at info@offshore-energy.biz or on one of our social media channels. 6
GUEST COLUMN
Bernard Alblas Manager Proposal Department at IHC Services and chairman of Young IRO.
Focus on the new
and don’t fight about the old Having a chat with other young industry professionals at 2017 IRO New Year’s reception we came to the conclusion that we are strongly underrepresented in the industry. We needed a platform where we could positively influence the future of the Industry. Not much later Young IRO was born! “Are you future proof” was the opening title of Young IRO’s first event and led to a lot of positive responses and discussions between people of our industry. Trendwatcher and TEDx speaker Ruud Veltenaar interviewed Jan-Willem van der Graaf (Seaway Heavy Lifting) and Edward Heerema (Allseas) and asked them questions about their career, mistakes, successes and of course their view on the future. Afterwards Veltenaar talked about the future of the people and the planet. Central question was “Are you futureproof?”. How can we keep our industry in shape for future generations? Veltenaar mentioned the importance of the industries focus and how value creation and creative thinking is of greater importance. Veltenaar suggested the boardrooms should seriously consider allowing young people access to the boardroom, that every CEO should sit down weekly with young colleagues to have an open discussion about the company and its strategy. This would both develop the young employees as well as inspire and maybe speed up the companies ambitions for a more sustainable company and world. Listening to Veltenaar I could not help but recognize the seemingly big gap there is between the existing offshore energy market and the challenges and technological innovations in the future story of Ruud Veltenaar. When I look at the renewable and climate change response from our industry I see companies making good money with existing solutions, used for renewable wind energy and thoughts about re-using offshore platforms or storing CO2. Then I wonder if it is enough. Does the industry have enough mindset for
Offshore Energy Newsflash 38
change, do we focus enough on the technological solutions for renewable energy that can really make a difference in the world and lead to the halt in climate change? As the chairman of Young IRO I believe it is crucial to encourage a two-way dialogue between the generations and that given the right attitudes, senior and junior leaders can bridge the cultural gap between them. As the millennials will define most of the global workforce in the coming decade, Young IRO believes that the future leaders can be inspired by facilitating continuous learning, development & knowledge exchange through business friendships between industry professionals of all generations. Young IRO will continue to do so. I think that the offshore energy industry all over the world is organized around high oil prices, margins and talk about the inevitable return of higher margins. But does the industry then realize that change is coming and are we flexible enough to stimulate the move from fossil to renewable? With oil companies investing more into renewable energy, I feel confident the next few decades will prove very interesting for any young ambitious and creative person. There most likely will be enough stable turnover to facilitate the growth in the new energy mix. The new generation will inherit an industry that might be slowing down on fossil, but is leading specialist in making a renewable change. As long as we focus on the new and don’t fight about the old. As the young generation is brought up with topics of innovation, globalization and climate change the question for them is not if, but how will we contribute to the changes to come and how will our work add to a better and more sustainable world. Therefore, the topics of storing CO2 and the feasibility of wind energy feels somewhat behind us. Our generation needs to make it happen while learning from the established colleagues and looking for the next topic to change the existing global industry. My goal with Young IRO is to take action. Look beyond company structures, with an open mind collectively. Stop using old solutions for new problems, but find new creative solutions and just go for it.
7
For travel that is mission critical Getting your travellers where they need to be, safely, on time and in budget ATPI Griffinstone is the leading global provider of specialist travel management to the shipping & energy industries. Our extensive knowledge and expertise is the reason why companies rely on us for their Mission Critical Travel™. With consultants operating 24/7 in over 100 key locations, ATPI Griffinstone consistently delivers a cost effective, flexible and safety focused service.
E energy@atpi.com T +31 20 2011 295 I www.atpi.com
Created and produced by
Powered by
PASSION FOR OFFSHORE WIND?
SIGN UP FOR THE NEWSLETTER AND RECEIVE THE LATEST NEWS IN YOUR MAILBOX 5 DAYS A WEEK.
www.offshoreenergytoday.com
8
• Check OffshoreWIND.biz for the latest news & jobs. • Subscribe to the magazine for opinions and in-depth information. • Visit the Offshore WIND Conference to learn more about installation and maintenance, and meet other offshore wind professionals.
www.offshorewindmagazine.com
> 100,000 OFFSHORE WIND PROFESSIONALS
OEEC UPDATE
What to expect from OEEC 2018? The new year promises to be another exciting one for developments in energy and with that, for Offshore Energy Exhibition & Conference. As the preparations of OEEC are in full swing, here is a first preview of event highlights.
With 70 percent of exhibition space already sold mid-January, it is clear that Offshore Energy is the place that companies want to return to or become part of. The OEEC organization is pleased to announce that it has secured a new constellation of halls at RAI Amsterdam. The exhibition will cover halls 1, 2 and 3. Annemieke den Otter, OEEC Event Manager: “We have used halls 1, 2 and 5 of RAI to our satisfaction. But we have had our eyes on hall 3 for a while and are confident that this new set-up will add to the feeling of all exhibitors being in one big hall.”
Returning features on the exhibition floor will be Offshore Energy Match, the Startup Zone, Community Square, the Offshore WIND Expertise Hub and a host of national and international pavilions.
OFFSHORE ENERGY 18
delegations from Mexico, Qatar, Iran, Cyprus, Lebanon and Myanmar, among others.
Conference program
With the support of a partly renewed Conference Advisory Board the preparations for another content packed three days are well underway. We will be introducing the new Conference Advisory Board shortly. “We are happy to announce that the Board is expanding both in geographic and in technical scope to be more aligned with the overall OEEC scope,” says Femke Perlot-Hoogeveen, Conference Manager. The conference program will continue to cater to different target groups of energy professionals across oil & gas, wind and marine and also look at crosssectoral themes and collaboration. New this year is a more explicit distinction in streams, directed at Business intelligence content, Technical content and Learning and development content.
New logo
A final development that the organization is pleased to highlight is Offshore Energy’s new logo. After ten years, the Offshore Energy logo has been redesigned. “The new logo uses a brighter and fresher color scheme, expressing more energy,” says Philip Mulder. “Also we slightly rounded the sharp edges, making it more friendly than the previous one.” “However,” quips Mulder, “the event itself will of course stay sharp and edgy!”
An improved feature on the exhibition floor will be the International Missions Lounge.
International Mission Lounge
An improved feature on the exhibition floor will be the International Mission Lounge. Following the successful launch in 2017, this Lounge will be able to accommodate the increasing number of international delegations that choose Offshore Energy as their starting point for business. “We will double the size of the IM Lounge and add facilities for delegations to present themselves”, says Philip Mulder, OEEC Marketing Manager who is also the chief contact person for incoming international delegations. Last year Offshore Energy welcomed Offshore Energy Newsflash 38
9
What’s hot in 2018? Looking ahead to a new year, we have asked our colleagues of our news portals Offshore Energy Today, SubSea World News, Offshore WIND and Tidal Energy Today to give their views on what major trends and projects we can expect in 2018.
Prelude
A major development that immediately comes to mind is Shell’s Floating Liquefied Natural Gas (FLNG) project Prelude. The facility, which is 488m long and 74m wide is expected to produce 3.6 million tonnes per annum (mtpa) of LNG for the next 25 years. The world’s largest FLNG facility arrived at its location 475km north-northeast of Broome in Western Australia late July 2017. The hook-up and commissioning phase of the project is expected to take between 9-12 months. The Prelude facility was built by Samsung Heavy Industries, who had won the project in 2011 at the cost of USD 3.4 billion in a consortium with engineering firm Technip. The Prelude FLNG project will be operated by Shell in joint venture with INPEX (17.5%), KOGAS (10%) and OPIC (5%). The project will deliver LNG to customers around the world. Global LNG supplies are expected to
Shell Prelude
The growth trend in ROV activity can be seen most notably in Latin America, Asia and the Middle East. grow strongly in the next decades, led by growth in Australia and the US. Asia remains the largest destination for LNG. China, India and other Asian countries all increase their demand for LNG, helping gas grow faster than oil or coal. Europe is also investing in LNG import capacity to compensate decline in domestic gas production. The BP Energy Outlook 2017 states that LNG grows seven times faster than pipeline gas trade and by 2035 could account for around half of all globally traded gas.
Guyana
For new developments in the oil industry in 2018 we keep our eyes on Latin America, especially Guyana, Mexico and Brazil. Guyana currently does not produce any oil but could rapidly become a significant oil producer following discoveries by ExxonMobil and Tullow Oil in particular. Mexico, already a country of increased interest since the petroleum industry reform, recently struck new oil in a one billion barrel discovery by Talos. The oil and gas industry in Brazil is looking at new licensing rounds in 2018 as well as new offshore production coming online. The uncertain environment of Brazilian politics is something to take into account. Oil price developments are being watched, as always. The next OPEC-non-OPEC performance review will take place in June. At the last meeting in November, OPEC and non-OPEC members agreed to extend their agreement to curb oil production. Early January the price of a barrel of Brent came above USD 70 for the first time since December 2014.
TurkStream
New activities in E&P go hand in hand with growth in the work-class ROV market. Driven by drill-support, field construction and IRM activities offshore, ROV activities will not return to the levels seen in 20132014, when project sanctioning for largescale projects was at its peak, but are expected to grow in the next four years. The growth trend in ROV activity can be seen most notably in Latin America, Asia and the Middle East. Subsea construction will also be picking up. One key project is the first line of the TurkStream natural gas project. Allseas is carrying out the installation of 900km of 10
INDUSTRY NEWS
Read the latest news on • OffshoreEnergyToday.com • OffshoreWIND.biz • SubSeaWorldNews.com • TidalEnergyToday.com With thanks to • Bartolomej Tomic, Senior Editor, OffshoreEnergyToday.com • Adrijana Buljan, Senior Editor, OffshoreWIND.biz • Adis Ajdin, Editor, SubSeaWorldNews.com • Amir Garanovic, Editor, TidalEnergyToday.com
32-inch pipeline in the Black Sea. The first line should reach the Turkish shore in May.
The Netherlands could make history by being the
Subsidy free wind
first country in the world to award offshore wind
There is a lot going on in offshore renewables – wind, wave and tidal – as well. The Netherlands could make history by being the first country in the world to award offshore wind project rights without subsidies, following the launch of a tender for the Hollandse Kust (Zuid) I & II sites. In Germany the second competitive tender for offshore wind will take place on 1 April 2018, when another 1,550MW will be offered, following the first call that resulted with the world’s first awarded subsidy-free offshore wind development permits. The total volume of the two tenders amounts to 3,100MW, with at least 500MW of offshore wind capacity to be built in the Baltic Sea.
Wind in India
India’s New & Renewable Energy Minister Raj Kumar Singh announced on 14 December 2017 that the government will invite the first offshore wind tenders for 2018, planning to auction as much as 5GW. Shortly after, the FOWIND Consortium published a report according to which the timeline of initiatives should be set to first add 500MW by 2022, raising this to 2-2.5GW by 2027, and finally reaching 5GW between 2028 and 2032.
Jones Act-Compliant WTIV
Zentech and Renewables Resources International (RRI) will build the first Jones
project rights without subsidies. Act-compliant, four legged, self-propelled DP2 jack-up vessel for the installation of wind turbines by converting a U.S.-built barge. In June 2017, the two companies said that discussions with U.S. shipyards in the Gulf of Mexico and along the U.S. East Coast predict delivery no later than the fourth quarter of 2018.
expand the company’s product range by offering smaller 100kW Deep Green tidal kite solutions. The smaller-scale tidal energy projects could prove fitting for remote, off-grid areas in locations such as those in Southeast Asia, and elsewhere, that are currently reliant on diesel generation.
Tidal goes smaller, while waves grow bigger
When it comes to the wave energy sector, this year is expected to see the installation of the biggest wave energy device by the US-based developer GWave at the Cornish energy test site Wave Hub. The 9MW nameplate capacity of the device is by far the highest in the wave energy sector, exceeding even the generating capacity of the biggest offshore wind turbine currently available on the market. The device is scheduled for deployment in summer 2018.
The year 2018 could bring a restored focus on smaller-scale tidal energy projects to ensure sustainable growth for the developers as the sector treads towards commercial maturity. This is reflected in the decision of Schottel Hydro company Black Rock Tidal Power (BRTP) to use smaller floating tidal energy platforms than originally planned for Canada’s Bay of Fundy project, and Nova Scotia government’s move to amend regulations to allow tidal energy demonstration projects of up to 5MW anywhere in the Bay of Fundy. This goes in line with Sustainable Marine Energy’s recently launched PLAT-I tidal energy solution designed for small to medium size projects of less than 10MW for remote coastal and island communities, and Minesto’s decision to
Finnish wave energy developer Wello also informed that the new version of its Penguin wave energy converter produces 15% more power than the previous iterations for the same costs, while the Australian wave energy developer Carnegie Clean Energy released an updated design to its CETO 6 commercial wave energy prototype, which is now rated at 1.5MW.
What do you see as the most important development or project for 2018? Drop us a line at info@offshore-energy.biz or on one of our social media channels.
Offshore Energy Newsflash 38
11
Created and produced by
OFFSHORE ENERGY 18
OFFSHORE WIND
OIL & GAS
MARINE ENERGY
Book your stand now! Supported by