The Malaysian FPSO leasing company Yinson has completed the 16-year contract for FPSO Adoon in Nigeria as the client Addax decided to buy the FPSO.The contract for the FPSO which has been operating at Block OML 123 offshore Nigeria, had an original term of 8 years until 2014, with the option to extend by up to 8 more years until 2022. The contract was further extended by client Addax through consecutive monthly extensions until January 2023…
Denmark-based offshore wind developer Orsted has decided to pull out of the Norwegian offshore wind partnership due to prioritization of investment in its portfolio.Ørsted joined Bonheur ASA's subsidiary Fred. Olsen Renewables AS, now Fred. Olsen Seawind ASA…
Prosafe, an offshore accommodation rig provider, has welcomed Terje Askvig as its new CEO.'Terje brings extensive experience from shipping, oil service and private equity and has among others experience from Eitzen Chemical, Fred Olsen & Co and Triton Partners…
The Norwegian offshore vessel Siem Offshore said Monday it had secured a contract extension for the AHTS Siem Topaz with a local client in Taiwan. The contract will start in direct continuation of the current contract, for a firm period reaching into Q4 2024…
Offshore wind installation services firm Fred. Olsen Windcarrier (FOWIC) has been awarded a contract working with Shimizu for the transportation and installation of monopile foundations for the 640 MW Yunlin offshore wind farm off the west coast of central Taiwan…
The Board of Directors of Norway-based semi-sub accommodation vessel operator Prosafe has appointed Terje Askvig as the new CEO.He will start in his new position on November 1, 2023, with Reese McNeel continuing as interim CEO until then.For the last 11 years…
Fred. Olsen 1848 has introduced near and offshore floating technology it has named BOLETTE.The company says it has overcome the main challenge for floating solar, particularly in marine environments: how to handle wave loads in combination with wind…
Codling Wind Park Ltd. (Ireland) said Thursday it had received confirmation that it was a successful bidder in the first offshore wind CfD auction in Ireland (ORESS 1).The company is a 50/50 joint venture between Fred. Olsen Seawind, wholly owned by Bonheur ASA…
Norwegian Offshore Wind, an organization that promotes the development of the floating wind supply chain, has launched the NOW Accelerator, designed to foster the growth of startups and scaleups in the offshore wind industry. 'The program is first of its kind and will start in August…
Ireland awarded contracts to four offshore wind projects with the potential to produce 3.1 gigawatts of capacity in its first-ever offshore wind power auction, the government announced on Thursday.The schemes were awarded at a weighted average strike price of 86…
Offshore wind turbine installation company Fred. Olsen Windcarrier has won a firm contract with renewable energy firm RWE to install 72 offshore wind turbine generators (WTGs) at the 1GW Thor offshore wind farm in the Danish North Sea.For this project…
Port of Aberdeen has welcomed more than 100 vessels working on offshore wind projects to the port so far this year, including the latest arrival of the Blue Tern jack-up installation vessel.Owned by Fred. Olsen Windcarrier, the Blue Tern jack-up is a 151-meter-long…
The maritime classification society DNV has, with its partners, launched a joint industry program to establish a monitoring and reporting framework for assessing greenhouse gas (GHG) emissions in the offshore wind installation sector. The partners of the JIP called EMRED…
Fred. Olsen Windcarrier's Bold Tern offshore wind installation vessel has left Taichung in Taiwan with the first wind turbine loadout for Changfang and Xidao offshore wind farms, the company said via social media.Back in March 2020, Fred. Olsen…
Offshore wind installation contractor Fred. Olsen Windcarrier (FOWIC) has won a contract to support the jacket installation campaign on the Neart na Goithe (NnG) offshore wind farm in the UK, using its jack-up installation vessel, the Blue Tern…
