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Report: Floating Wind Power to Grow 2000-Fold by 2050

By MI News Network | In: Shipping News | Last Updated on December 2, 2020

Offshore Wind Farm Representation

Floating wind will play an important role in decarbonizing the global energy system, contributing 2% of the world’s power supply by 2050, but more comprehensive industry standards and risk management is required for the technology to scale.

Industry Group Urges UK Government To Exempt All Offshore Energy Sector Workers From Quarantine Restrictions

By MI News Network | In: Shipping News | Last Updated on June 12, 2020

oil rig silhoutter_offshore

The global Offshore Industry Group, comprising IADC, IAGC, IMCA, IOGP, and ISOA urges the UK Government to exempt all offshore energy sector workers from the 14-day quarantine restrictions introduced on 8 June.

Pandemic And Overzealous Valuations Bad For Offshore Market – VesselsValue

By MI News Network | In: Shipping News | Last Updated on April 27, 2020

offshore drilling

The last five years have been one of the longest and most challenging downturns the offshore industry has ever experienced. Since the oil price drop of 2014/2015, the Offshore vessel market has been plagued by bankruptcies, consolidations, takeovers and mergers, forced fleet sales and most importantly a significant decrease in asset values. Values VesselsValue has […]

Fincantieri’s Subsidiary, Vard Enters The Renewable Energy Sector

By MI News Network | In: Shipping News | Last Updated on April 17, 2020

VARD 4 19 SOV for Ta San Shang Marine MOL and TTM-article

The contract, anticipated on April, 1st and signed by VARD today, reaffirms the diversification strategy envisaged by Fincantieri for its Norwegian subsidiary

HUBER+SUHNER Launches Lightest And Most Compact Cable, Revolutionising Offshore Connectivity

By MI News Network | In: Shipping News | Last Updated on December 3, 2020

Nexans qualifies high voltage cable to world record water depth to create power connection across a Norwegian Fjord

HUBER+SUHNER, a leading manufacturer of components and system solutions for electrical and optical connectivity, has launched its fire-resistant RADOX® OFL cable solution – providing the offshore industry with a safe way to reduce platform weight.

HFW Helps BIMCO Draft Industry’s First Offshore Decommissioning Contract

By MI News Network | In: Shipping News | Last Updated on May 21, 2019

offshore drilling

Global, sector-focused law firm HFW has helped shipping association BIMCO draft an industry standard offshore decommissioning contact.

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