Category Archives: Offshore

Northland Power operating income and adjusted earnings from offshore wind jumped 55% and 63%, respectively, in the first three months of 2020, compared with last year, boosted by output from the Deutsche Bucht project and higher sales.

Operating income in the first quarter of 2020 was $321m, an increase of $113m on last year, while adjusted EBITDA was $304m rising $117m on Q1 2019.

Offshore wind sales increased by 43% or $135m to $445m, driven by higher electricity production which rose 54% or 558 gigawatt-hours (GWh) compared with the first three months of 2019.

The increase was primarily due to pre-completion production from Deutsche Bucht (pictured) and higher wind resources in the North Sea.

This was partially offset by more periods of unpaid curtailment due to negative pricing at Nordsee One and Deutsche Bucht.

Northland said its share of the loss on sales from the average wholesale market price falling was 7m ($10m) or 7%.

The loss on sales from unpaid curtailments was 5m or 7% of Northlands share of revenues of Nordsee One and 5m or 8% of its revenues from Deutsche Bucht.

At Northland's onshore renewable assets electricity production decreased 13% or 57GWh compared with the same quarter of 2019.

The fall was primarily the result of lower solar and wind resource across the facilities, the company said.

Onshore sales were $53m, a 9% decrease or $5m lower than 2019.

Northland said production variances at the solar facilities have a larger effect on sales than the wind facilities since solar projects receive a higher contracted price per MW.

Operating income and adjusted EBITDA of $24m and $34m, respectively, decreased 11% or $3m and 10% or $4m primarily due to lower production.

Overall, the company's operating income stood at almost $395m in the first quarter, up from about $288m last year.

Adjusted EBITDA rose to nearly $421m in the first three months of the year, 59% up on the $264m posted in the same period of 2019.

Northland said its operating facilities are deemed to be essential infrastructure and, as such, operations have continued uninterrupted to date because of Covid-19.

However, the company said the impact of Covid-19 will have material effects across global economies and sectors, including reduced power demand within the renewable energy sector.

While the vast majority of Northlands revenues are contracted under long-term agreements with creditworthy counterparties, there is some, yet limited, exposure to the wholesale market price of electricity at the offshore wind facilities, it said.

If low wholesale market prices persist for an extended period, Northlands revenues may be negatively affected, the company added.

Northland president and chief executive Mike Crawley said: Our financial and operating performance during the first quarter was solid, however, our highest priority to date has been to ensure the health and safety of our employees, contractors and communities across our global operations amid the Covid-19 pandemic.

As outlined in our 30 March update, Northland provides an essential service, and our efforts are focused on ensuring our facilities continue to operate at high levels of availability.

The strength of our balance sheet and stable cash flow profile, which are underpinned by long-term revenue contracts, position the company well to weather the current environment.

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Offshore wind boosts Northland income - reNEWS

The union representing some 400 workers on the Terra Nova FPSOoil platform is sounding the alarm about a scenario that could see the vessel not produce any oil for the next two years.

"The members are very worried about their future, and the future of Newfoundland (and Labrador)," said Unifor Local 2121 president Dave Mercer.

Companies that supply the offshore are also feeling the pinch from an oil industry that has been thrown into crisis by a global pandemic.

"The impact directly is the loss of some supply ships that we supply. They're tied up or moved on somewhere else. We don't have that business or as much," said Gary Squires, manager at St. John's-based Campbell's Ship Supplies, which providessupplies to supply ships and drill rigs in the offshore.

Campbell's has a workforce of 25, and so far has been able to avoid any layoffs, said Squires.

His comments reflecta moodnow permeating an industry that represents some 30 per cent of the value of the province's gross domestic product, and uncertainty about the future of the Terra Nova FPSO is the latest dark cloud to cast a shadow over the offshore sector.

"Now it's time for the government to step up," said Mercer, whose union represents nearly 800 workers on the Terra Nova and Hibernia oil platform.

Workers on the Hebron and SeaRose FPSO platforms are not unionized.

Suncor, the majority owner and operator of Terra Nova, confirmed this week that it was unable to formalize a Plan B for a life extension overhaulof the aging floating, production, storage and offloading vessel, which has been producing oil on the Grand Banks since 2002.

As a result,the partnership that owns the vessel has decided to remove the Terra Nova from the offshore by this summer,and sail it to port at a location yet to be named, for an unknown duration.

"Obviously we're very concerned about the impacts to industry, the impacts to employment, the impacts to Newfoundlanders and Labradorians of the challenges that the industry is facing," said provincial Natural Resources Minister Siobhan Coady.

Coadyhas been in discussions with the operator, but said there's no indication yet how many jobs will be lost, or when the Terra Nova might return to the offshore and resume production, but she acknowledged it could very well be 2022.

Mercer said the union is also scrambling for information.

"It's all so fluid," he said.

Suncor released a statement Tuesday that said, "No decisions have been made to shut down production operations on Terra Nova until 2022."

But with so much uncertainty caused by the global pandemic, oil markets that are extremely volatile, and the immense planning that goes into a refit like the one proposed for the Terra Nova, insiders predict a lengthy shutdown for the vessel.

The Terra Nova was supposed to be at a dockyard in Spain by now, undergoing a half-billion-dollar life extension refit that would extend the oil field for 10 years, and allow the vessel to produce an additional 80 million barrels of oil.

But with Spain hit hard by the COVID-19 virus, those plans have been scuttled, and when Suncor was unable to come up an with an alternative plan, the decision was made to mothball the vessel.

That means the number of producing fields in the offshore will fall from four to three, and the hundreds of workers whose livelihoods are connected to the Terra Nova are now in doubt.

"There's only so much we can say. It's becoming very difficult to take care of our members," said Mercer.

The Terra Nova hasn't produced oil since it was ordered late last year to suspend operations by the board that regulates the offshore for a safety infraction.

There were hopesthat Suncor could resume production and carry out the refit at a later date, but sources say some partners were unwilling to spend the money required to recertify the Terra Nova, at a time when companies are slashing spending in order to manage through a collapse in the market.

Suncor was engaged in ongoing talks with the Canada-Newfoundland and Labrador Offshore Petroleum Board about a plan to restart production, but a resolution was never reached.

"As of yesterday we were still in very active discussions with Suncor on their recent proposal to resume production and thought those discussions were continuing," the C-NLOPB wrote in a statement to CBC.

"While we sympathize with the workforce affected by yesterday's announcement, we are not privy to the commercial considerations faced by Suncor and its partners."

Meanwhile, calls for the federal government to offer a lifeline to the oil sector continue.

"Wereally need is an investment in accelerating exploration in offshore Newfoundland and Labrador," said Coady.

The province and industry groups want Ottawa to offer tax breaks and other incentives to encourage oil companies to keep looking for new discoveries, similar to those offered in Norway and the United Kingdom.

Federal Natural Resources Minister Seamus O'Regansaid Wednesday he is in talks with the province and those in the industry.

"We are looking for options," said O'Regan, who specifically referenced "incentive-based exploration."

But O'Regan would not put a timeline on when those measures might be announced.

"We want to make sure we get it right," he said

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As Suncor ponders Terra Nova's future, N.L. offshore workers worry about their own - CBC.ca

Offshore staff

WASHINGTON, D.C. The Department of the Interior and the Bureau of Ocean Energy Management have issued a final rule to update air quality regulations for applicable BOEM activities in the Central and Western Gulf of Mexico and offshore Alaskas North Slope Borough.

The new rule does not relax any standards for regulating air quality, uses the best available science and makes important technical and compliance-related updates to bring the regulation into this century, the department said.

The departments jurisdiction is limited to activities authorized under the OCS Lands Act in the Central and Western Gulf of Mexico and offshore the North Slope Borough of Alaska. The US Environmental Protection Agency (EPA) has air quality jurisdiction over all other parts of the OCS. It is also limited to regulating offshore emissions of criteria and their precursor pollutants to the extent they significantly affect the air quality of any state. With this clear mandate, the final rule operates within these parameters to improve air quality.

The final rule provides a commonsense approach to ensure BOEMs Air Quality Regulatory Program remains in compliance with the OCS Lands Act requirements by ensuring that the bureau uses up-to-date air quality standards (i.e., National Ambient Air Quality Standards (NAAQS)) and benchmarks consistent with those already established by the EPA.

Pursuant to Executive Order 13795 signed by President Trump and Secretarys Order 3350, BOEM reviewed its 2016 Proposed Rule on Air Quality Control, Reporting, and Compliance. As a result of this review and analysis of comments received on the proposed rule, BOEMs final rule adopts the following changes:

Compliance with NAAQS. As was the case with the proposed rule, this final rule adds a definition of the NAAQS. It also clarifies that the departments reporting and compliance requirements apply to the emissions of all pollutants on the OCS for which a national ambient air quality standard has been defined.

Updating significance levels (SLs). The final rule replaces the table of SLs in BOEMs existing regulations dating back to 1980 with a revised table, which is based on values set forth in EPAs regulations (40 CFR 165.51(b)(2)). BOEM will continue to update the table of SLs as appropriate, which will save operators from having to search for the SLs in EPAs regulations.

New requirements for PM2.5 and PM10. This final rule replaces the former criteria air pollutant total suspended particulates (TSP) modeling requirements with new modeling requirements for the criteria pollutants particulate matter 10 (PM10) and particulate matter 2.5 (PM2.5). BOEM is also updating its forms to enable lessees and operators to identify, report, and evaluate PM2.5 and PM10 pollution in the air quality spreadsheets that they submit in connection with their exploration or development plans.

Emissions exemption thresholds. The final rule also updates existing regulations that refer to emissions exemption thresholds to clarify that these formulas apply equally to development and production plans (DPPs) and development operations coordination documents (DOCDs). This update will not lead to a change in practice because BOEM has always applied its existing regulations on air quality to both DPPs and DOCDs.

Clarifying terminology. The final rule updates various terminology to better clarify the intent of the regulations. For example, the final rule replaces the term air pollutant with the term criteria air pollutant. Under the OCS Lands Act, BOEM regulates the emissions of criteria air pollutants, since those represent pollutants for which the EPA has defined a NAAQS. BOEM regulates only those emissions that could affect the bureaus obligation to ensure compliance of state air quality with the NAAQS, so using the term air pollutant was not appropriate.

Air quality spreadsheets. With the implementation of the new air quality rule, BOEM is also updating the Office of Management and Budget (OMB)-approved air quality spreadsheets, BOEM-0138 (for exploration plans) and BOEM-0139 (for DOCDs, and DPPs). The lessee or its designated operator must use these forms for proposed operations in areas of BOEM air quality regulatory jurisdiction. Concurrent with these changes, BOEM is phasing out its previous practice of including the emissions from transiting support vessels in the EET calculations, consistent with the bureaus statutory mandates. Air quality modeling will henceforth only be required in situations when a regulated facility, exclusive of support vessels, exceeds the relevant EET.

05/14/2020

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Department of Interior issues new offshore air quality regulations - Offshore Oil and Gas Magazine

A simulation by Utrecht University researchers indicated North Sea PV projects may perform better than a ground-mounted solar generator in the Netherlands. Offshore installations could generate 12.96% more power per year, according to the findings of the study, with the sea acting as a cooling system.

Scientists from the Copernicus Institute at Utrecht University in the Netherlands have claimed offshore PV plants could be more productive than ground-mounted arrays after running a simulation comparing a North Sea project to a conventional system at the Utrecht Photovoltaic Outdoor Test field.

Simulation measurements accounted for average ambient and water surface temperatures and the effect of waves over a year. The model included seawater functioning as a natural cooling system as well as wind speed and relative humidity and the researchers observed big swings in ambient air temperatures during the year that was simulated contrasted with gradual changes in water temperature.

[The] minimum air temperature at [the] land-based PV installation is 1.1 degrees Celsius, which is roughly 4 degrees Celsius higher than the minimum temperature at the floating PV location, stated the Utrecht team. Similarly, the maximum air temperature is higher at the land-based PV location. The minimum and maximum sea surface temperature are 1.8 degrees Celsius and 16.7 degrees Celsius, respectively.

Temperatures

The temperature at sea was much lower at the floating installation due to higher relative humidity and wind speeds, the researchers observed.

Sea surface temperature, the scientists noted, was close to the PV system equilibrium level.

Both simulated projects comprised 12 solar panels for generation capacities of 3.72 kW. The floating project modeled was placed on a steel pontoon fixed by four wire ropes to four buoys. The wire ropes limit the degree of freedom for the pontoon, in this way dealing with impact from sea waves, said the Utrecht group.

For the floating system model, the estimate of the total amount of solar irradiation to hit panels with a defined tilt angle the global tilted irradiance (GTI) figure was based on a tilt angle affected by sea waves. Both simulated installations were based on use of a SmartSolar MPPT 75/15 solar charge controller manufactured by Victron Energy.

Yield

Under simulation, the ground-mounted array generated 1,192 kWh annually, per kilowatt installed. The floating system was 12.96% more productive, with 1,346 kWh, according to the model. The researchers also noted global horizontal irradiance (GHI) the total irradiance received on a horizontal surface was 8.54% higher for the floating system.

Although the wind speed simultaneously changes the tilt angle and, as a result, the panels are not always positioned at the optimum angle, the existence of water around the pontoon is a big advantage for improving the efficiency, as the panel temperature is lower and more constant as well, the researchers stated.

The simulation did not compare the installation costs of the systems or the levelized cost of energy for the solar electricity they would generate.

Paper

The findings of the simulation were presented in the paper Simulation of performance differences between offshore and landbased photovoltaic systems, published in Progress in Photovoltaics.

The Oceans of Energy company spun out of the Delft University of Technology, in the Netherlands, operates a pilot 8.5 kW offshore solar project in the North Sea which is set to be expanded to 50 kW for a year-long testing phase. The plan is to subsequently expand the site to 1 MW and, eventually, 100 MW.

A Belgian consortium including the Tractebel engineering subsidiary of French energy company Engie, is working on another offshore solar project in the North Sea. The group, which also includes Dredging, Environmental and Marine Engineering NV; solar installer Soltech NV; and Ghent University, is planning to install the 2 million array near an aquaculture farm and offshore wind project.

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Offshore vs land-based solar - pv magazine International

COVINGTON,La., May 13, 2020 /PRNewswire/ --Hornbeck Offshore Services, Inc. (OTCQB:HOSS) (the "Company") announced today that it has launched a solicitation of votes from its lenders and unsecured noteholders in support of a prepackaged chapter 11 plan of reorganization (the "Plan"). As previously announced, pursuant to a restructuring support agreement, the Company has the support of secured lenders holding approximately 83% of the Company's aggregate secured indebtedness and unsecured noteholders holding approximately 79% of the Company's aggregate unsecured notes outstanding for the Plan. The Company intends to commence a voluntary prepackaged chapter 11 filing in the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the "Court") within the coming days, and to seek a hearing on June 19, 2020 for confirmation of the Plan following the conclusion of the solicitation period.

As previously reported, the Company will have access to a $75 million debtor-in-possession term loan facility provided by existing creditors and permitted use of existing cash on hand and cash generated from operations to support the business during the financial restructuring process, which will enable the Company to operate in the ordinary course of business without disruption to its customers, vendors and workforce. The Plan provides for payment in full of all vendors and employees.

The Plan and related disclosure statement are available at http://cases.stretto.com/Hornbeck. Upon the chapter 11 filing, more information about the Company's restructuring, including access to Court documents, will be available at http://cases.stretto.com/hornbeck. For further information regarding the restructuring, please contact the Company's solicitation agent, Stretto, at 1-(855)-258-1004 (toll-free domestic), or email them at [emailprotected].

Kirkland & Ellis LLP, Winstead PC and Jackson Walker LLP are serving as legal counsel to the Company, Guggenheim Securities, LLC is acting as financial advisor, Portage Point Partners, LLC is serving as restructuring advisor and Stretto is serving as claims and noticing agent.

Hornbeck Offshore Services, Inc. is a leading provider of technologically advanced, new generation offshore service vessels primarily in the Gulf of Mexico and Latin America.

Forward-Looking Statements

In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, the Company cautions that statements in this communication which are forward-looking, and provide other than historical information, involve risks, contingencies and uncertainties. These forward-looking statements include, among other things, statements about improving the Company's capital structure, the Company's ability to effect its restructuring Plan as expected, or at all, and strengthening of the Company's balance sheet. Although we believe that the expectations reflected in those forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct. Those statements are made by using various underlying assumptions and are subject to numerous risks, contingencies and uncertainties, including, among others: negotiations with third parties; regulatory and other approvals; adverse changes in the markets in which the Company operates or credit or capital markets; and actions by lenders, other creditors, customers and other business counterparties of the Company. If one or more of these risks materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those expected. You should not place undue reliance on forward-looking statements. For a more complete discussion of these and other risk factors, please see each of the Company's annual and quarterly filings with the U.S. Securities and Exchange Commission, including the Company's annual report on Form 10-K for the year ended December 31, 2018 and subsequent quarterly reports on Form 10-Q. This communication reflects the views of the Company's management as of the date hereof. Except to the extent required by applicable law, the Company undertakes no obligation to update or revise any forward-looking statement.

Contacts:

Todd Hornbeck, CEO

Jim Harp, CFO

Hornbeck Offshore Services

985-727-6802

Ken Dennard, Managing Partner

Dennard Lascar / 713-529-6600

SOURCE Hornbeck Offshore Services, Inc.

http://www.hornbeckoffshore.com

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Hornbeck Offshore Announces Launch Of Solicitation Of Votes On Comprehensive Prepackaged Restructuring Transaction With The Support Of The Requisite...

Nordic infrastructure fund Infranode is preparing an investment of up to DKK 1 billion (circa EUR 134 million) for new infrastructure facilities at the Danish port of Esbjerg which will be used for the offshore wind industry.

The investment will go into port facilities for storage, preassembly and manufacturing of components for offshore wind turbines.

This investment is part of our strategy of being a long-term partner to the public sector in the green transition currently unfolding in Denmark and throughout the Nordic region, and we look forward to investing in more Danish infrastructure projects, said Joel Lfroth, who is in charge of Infranodes activities in Denmark.

According to the port of Esbjerg, investment will be made available gradually and are expected to create as many as 2,000 new jobs.

We have a really strong platform in Esbjerg and in all of Denmark in terms of the green energy potential. The physical settings are in place at the port of Esbjerg, and this agreement will set the base for the necessary financial capabilities for unlocking the huge potential so we can establish the necessary production capacity, said Port Esbjerg CEO Dennis Jul Pedersen.

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Port of Esbjerg Getting EUR 134 Million Investment for Offshore Wind Facilities - Offshore WIND

Pune, May 13, 2020 (GLOBE NEWSWIRE) -- The global offshore wind power market size is prophesied to gain impetus from the increasing availability of advanced technology and turnkey solution offered by different service providers. Offshore wind power has a prominent role to play in gaining renewable energy targets in most nations of the world. A recently published report by Fortune Business Insights titled, Offshore Wind Power Market Size, Share and Industry Analysis By Installation (Fixed Structure, Floating Structure), By Water Depth (Up to 30m, Above 30m), By Capacity (Up to 3MW, 3MW to 5MW, Above 5MW) and Regional Forecast, 2019-2026, predicts the market size to increase its installed capacity from more than 23GW in 2018 to reach 94GW by 2026, rising at a CAGR of 19.2% between 2019 to 2026.

What is the Scope of the Report?

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An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

Please visit: https://www.fortunebusinessinsights.com/industry-reports/offshore-wind-power-market-100148

Drivers & Restraints-

Stringent Regulations Imposed on Carbon Emissions by Government will Bode Well for Market

The increasing demand for energy stands as a major offshore wind power market growth driver. Besides this, the rise in the adoption of renewable energy and its increasing adoption in power generation mix is likely to add impetus to the market. In addition to this, governments of various nations all around the world are imposing stringent regulations on carbon emission and are promoting the use of green energy and green technology to reduce carbon footprint. This is further expected to aid in the expansion of the market in the coming years.

On the contrary, heavy investment and maintenance costs of installing offshore wind power systems may pose a major hindrance to the market in the coming years. Nevertheless, the increasing focus on water conservation and discontinuation of nuclear and coal using practices are likely to create lucrative growth opportunities for the market in the coming years.

Segment-

Above 30m Segment to Witness Substantial Growth Owing to Current Trend of Floating Offshore Wind Power Projects

Based on water depth, the market is bifurcated into up to 30m and above 30m. Among these, the up to 30m segment holds a majority of the share since installing wind towers is easier in shallow waters and deducts the overall capital expenditure. However, the forecast period may witness the significant growth of the above 30 m segment which is expected to rise to 50% from 30% earned in 2018. This is on account of the rise in investments on floating offshore wind power projects that requires installation in deep waters.

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Regional Analysis-

Increasing Number of Under-construction Projects Undertaken by China will Help Dominate Future Market

The market is widely segmented on the basis of nations, further attributed to their geographical placement and the speed of the wind. Currently, the United Kingdom is holding a majority of the offshore wind power market share, grappled by Germany and China. China is likely to overpower this dominance in the forecast period with the U.K., Germany, France, and Spain at a close competition. In 2018, an estimate of about 40% of the worlds offshore wind power was installed in China, thereby increasing its power generating capacity. This, coupled with the multiple numbers of under-construction projects that China has recently taken up is expected to help this nation emerge dominant during the forecast period.

Competitive Landscape-

Key Players Invest in New Offshore Farms for Multiplying Productivity

Vendors operating in this market are engaged in the installation of new offshore wind farms and are investing heavily in gaining momentum in the market. Besides this, they are also engaging in collaborative efforts such as mergers and acquisitions, joint ventures, contracts and agreements, and partnerships to expand their geographical presence in the market.

Some of the key Industry Developments of the Offshore Wind Power Market are listed below:

March 2019 Renexia and Senvion S.A. entered into a joint venture for the installation of 30 MW offshore wind farms in the Italian Mediterranean Sea.

July 2019 The setting up of a zero-subsidy offshore wind farm with a total capacity of 760 MW was bagged by Vattenfall. This offshore farm consists of farms with a rated capacity of 10MW offered by Siemens Gamesa Renewable Energy.

Fortune Business Insights lists out the names of some prominent companies in this market. This includes:

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Have a Look at Related Research Insights:

Floating Wind Power Market Size, Share & Industry Analysis, By Water Depth (Shallow Water {< 30m}, Transitional Water {30m-60m}, Deep Water {>60m}), By Capacity (Up to 3 MW, 3 MW to 5 MW, Above 5MW) and Regional Forecast, 2019-2026

Wind turbine blade Market Size, Share & Industry Analysis, By Material (Carbon Fiber, Glass Fiber, Others), By Blade Size (Up to 27 Meter, 28-37 Meter, 38-50 Meter, Above 50 Meter), By Application (Onshore, Offshore) and Regional Forecast, 2019-2026

Wind Turbine Foundation Market Size, Share & Industry Analysis, By Type (Monopile, Jacket Pile, Gravity, Suction, Tripod, Raft, Others), By Application (Onshore, Offshore) and Regional Forecast, 2019-2026

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Fortune Business Insightsoffers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

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Offshore Wind Power Market to Exhibit 19.2% CAGR till 2026; Increasing Availability of Advanced Technology and Turnkey Solutions to Add Impetus to...

Vattenfall has signed a Framework Agreement with two UK and one Danish company to provide up-tower blade maintenance and repair at the companys wind farms for a minimum period of two years.

The Swedish energy company selected GEV Wind Power, James Fisher Marine Services, and Danish Blade Service to provide the blade maintenance and repair services.

The agreement will cover over 900 turbines at 50 wind farms across the UK, Denmark, Germany, the Netherlands, and Sweden. The sites are located both onshore and offshore.

The UKs offshore wind industry is world-leading, and will make a crucial contribution to achieving the ambition of net zero carbon emissions by 2050. Im delighted that these companies will share their services and experience in pursuit of this goal, Danielle Lane, Vattenfalls UK Country Manager, said.

The launch of the Offshore Wind Sector Deal in the UK last year has boosted investor confidence, because it defines a number of targets, which are to be achieved by the UK Government and the offshore wind sector. These targets cover offshore wind deployment, creation and security of tens of thousands of jobs, employing a more diverse and skilled workforce, and significant opportunities for UK businesses. Our collaboration with GEV Wind Power and James Fisher Marine Services, both based in the East of England, demonstrates our commitment to enable the untapped potential of UK companies in the renewables sector to be realised, and boosting local employment and economic regeneration.

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Vattenfall Gathers Blade Squad - Offshore WIND

Following impressive year-on-year growth, it is established Offshore Wind will play a critical part in energy transition. Forecasts 2020-2030 is set to be a booming decade for the sector.

However, crisis points are the ultimate test. With energy prices falling and labour mobility disrupted amid Covid-19, what are immediate and long-term implications for planned and ongoing projects? And how will this affect the wider value chain?

Reuters Events latest Offshore Wind interactive webinar explores how developers, operators, banks, and the supply chain can adjust to the impact of Covid-19. Sharing insights, Pieter Marinus (General Counsel,Parkwind), Jing Liu (Sector Lead of Power & Utilities, SMBC) and Gunnar Herzig (Managing Director, World Forum Offshore Wind).

Sign up or request recordings:Offshore Wind Amid Covid-19 (15th May, 10am BST)

Facing the unprecedented challenges during this COVID-19 crisis, all the stakeholders of the offshore wind sector have to work together and take a strategic approach said Jing Liu, SMBC, This should involve evaluating the impacts from supply chain to energy market demand, adapting to the changes from logistics to financial market, developing the solutions from governments to developers, in order to maintain growth.

Covering three critical areas, the webinar will provide project updates, unpack the response from the investment community and offer advice on how the supply chain should respond. As Parkwind have a number of ongoing projects during this pandemic, the audience will be able to propose questions on the challenges of developing projects under difficult conditions.

The session further explores the implication of the oil price crash and the slump in energy demanding, weighing up whether this will provide opportunities for speeding up the transition to renewables or make energy projects as a whole less attractive.

Sign up or request recordings:Offshore Wind Amid Covid-19 (15th May, 10am BST)

Amid uncertainty, it is integral to share insights and debate the essential topics and key challenges facing renewables. This webinar forms part of a new series of Offshore and Floating Wind insights by Reuters Events, showcasing their commitment to provide the industry with a digital forum to connect and stay updated. Over the coming months, Offshore and Floating Wind Europe will be delivering a series of podcasts, whitepapers, presentations, and a virtual event in October.

For more information about the Virtual Offshore and Floating Wind Summit please visit thewebsite,or get in touch with Luke Brett, Project Director at Reuters Events via LinkedIn!

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Offshore Wind amid COVID19: SMBC, Parkwind & WFO share insight - News for the Oil and Gas Sector - Energy Voice

China produces around 60 percent of the worlds aquaculture output, but precise data relating to this figure is notoriously difficult to source. Moreover, as the authors of a new study note, rapid development of the countrys marine aquaculture industry has introduced serious ecological and environmental problems to the coastal zone in the effort to meet a growing demand for seafood consumption.

Therefore, the marine fishery management department urgently needs to properly control and manage the culture mode and structure along with the aquaculture capacity of the coastal zone to ensure orderly development of the aquaculture industry while strengthening the environmental protection of marine resources, they add.

However, as the researchers note, accurate and comprehensive information on the type and location of aquaculture areas is essential for anyone wishing to address these issues. And, in order to obtain this information, the researchers launched the study, which they claim is the first large-scale extraction of marine aquaculture research that has taken place in China to date.

In this study, we used remote sensing statistical monitoring methods to extract statistics showing the extent of raft aquaculture and cage aquaculture in China's offshore waters, filling in the blanks in Chinas offshore aquaculture distribution statistics, they explain.

To achieve this they took Landsat 8 remote sensing images and used a combination of an unsupervised classification algorithm and artificial review to extract areas for Chinese offshore raft and cage aquaculture during 2018.

They noted that: Chinas offshore aquaculture distribution was generally located within 40 km of the shoreline, and an aquaculture zone could be found around islands that were farther from the shoreline. Offshore aquaculture areas were mostly distributed in estuaries, harbors, and islands.

In terms of production methods, their results showed that coastal zone raft aquaculture covered 194,110 hectares largely in the north and centre of the coastline. Cage aquaculture covered 5,784 hectares, and was largely confined to the south of the country.

The extraction results can be used not only to evaluate Chinas aquaculture production but also offer significant reference value for scientific planning related to sea use, ecological environmental protection, and marine disaster prevention and mitigation, they wrote.

The researchers did concede that their remote sensing extraction results were inconsistent with figures from the statistical yearbook and therefore, in the future, plan to add multiple images to make up for the omissions caused by single-phase image extraction and add high-resolution optical images and microwave images to further ensure the reliability of the data set.

In the future, we plan to use the advantages remote sensing offers in terms of high-frequency, large-scale, and long-term observation to conduct more detailed and extensive application research on marine aquaculture to provide technical support for the management and planning of coastal zones, they conclude.

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Shedding new light on China's offshore aquaculture industry - The Fish Site