ISSN 2083-6473
ISSN 2083-6481 (electronic version)




Associate Editor
Prof. Tomasz Neumann

Published by
TransNav, Faculty of Navigation
Gdynia Maritime University
3, John Paul II Avenue
81-345 Gdynia, POLAND
www http://www.transnav.eu
e-mail transnav@umg.edu.pl
The Analysis of Offshore Industry Transition - Acceleration from Oil & Gas to Wind
ABSTRACT: The present paper provides an overview of the current state and future trends of the offshore sector worldwide, as well as the relationship between the oil and gas (O&G) and the wind power industry offshore. Study on the offshore energy transition basis on review of literature, reports, and outlooks of main energy agencies, classification societies, and main offshore companies - their pathways and ambitions. A comparative analysis of the oil prices to their extraction at sea. Analysis of new build and scrapped drilling units, and their utilization. This is followed by correlation analysis between the emergence of new projects in O&G and wind farms offshore. The new and cheaper technology, and ambitions to reduce greenhouse (GHG) emission to zero levels, favor renewable. The results disclose that the main O&G companies start investing in renewable technologies. The offshore energy transition has already begun and accelerating. Nevertheless, full transition will take a while, as the global power demand is still too high to be covered only by a renewable source of energy. The number of annual O&G assets decommissioning is double in size compared to the new projects, and Mobile Offshore Drilling Unit (MODU) utilization average of 60%. Offshore wind develops dynamically, and the forecasts show that this trend stands at the same high level to cross a number 100 GW produced from offshore wind globally in 2025, but there is a visible lack of Mobile Offshore Wind Power Service Operations Units (MOWU). If well planned there is room for mutual benefits between O&G and wind within the offshore sector due to re-orientation measures.
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Citation note:
Kołakowski P., Rutkowski G.: The Analysis of Offshore Industry Transition - Acceleration from Oil & Gas to Wind. TransNav, the International Journal on Marine Navigation and Safety of Sea Transportation, Vol. 16, No. 2, doi:10.12716/1001.16.02.20, pp. 375-384, 2022

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