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Offshore Wind: A $16B Business
Offshore wind will see $16 billion of capital expenditure in the coming five-year period as 4.5 GW of new capacity is installed, according to The World Offshore Wind Report 2008-2012, published by Douglas-Westwood. With just over 1.1 GW of capacity currently installed, this represents significant market growth and leads to an annual capital expenditure of over $5.2 billion by 2012. In comparison to the previous five year period, development and construction costs will rise by 51% for the period to 2012. Whilst this is impacting on some projects we are seeing energy majors pushing forward large projects through balance-sheet financing determined to gain early market share. In common with other reports of Douglas-Westwood's series, The World Offshore Wind Report is aimed at executive readers. The report does not assume detailed technical knowledge of the subject.
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seabed that would otherwise be impractical to survey. A tool for the project in gathering information from hard to reach locations, was a Saab Seaeye Tiger ROV. One such place was Stanton Bank, off the West Coast of Scotland. Here they needed to examine the habitat at the point where the rock face meets the soft seafloor. Although an acoustic survey of the area had been undertaken, they had no idea what actually lay at this difficult to access location. The answer was to send down the free-swimming, 1000 m rated, Seaeye Tiger. They were able to manoeuver the vehicle to the precise point of study, where its directional thrusters are powerful enough to hold the ROV steady in the currents whilst sending back high definition video film. The ROV had been made available by the Agri-Food and Biosciences Institute (AFBI), the Northern Ireland based contributing partner to the MESH project. The AFBI were early to recognise the advantages to marine science of opting for a rugged and reliable ROV, proven in the tough oil and gas industry, for tackling the equally demanding marine science environment.
Check it out at http://www.searchmesh.net/webGIS 10 MTR
Woodside Energy Extends Subsea 7 Contract
Subsea 7, through its i-Tech division, announced that Woodside Energy has extended its major services contract to include the provision of ROV services onboard Maersk's new build semi submersible hull B281. The ROV services contract has a three-year term and offshore works will commence when the rig arrives in Australia during 2009. The work scope includes the provision of a new build Centurion QX ROV which will be deployed by means of a bespoke heavy weather launch system from onboard the B281 which is an ultra deepwater development semi submersible. The B281 is the second in a series of three rigs under currently construction for Maersk in Singapore.
January 2008
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