• 4 hours PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 6 hours Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 8 hours Syrian Rebels Relinquish Control Of Major Gas Field
  • 9 hours Schlumberger Warns Of Moderating Investment In North America
  • 10 hours Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 11 hours Energy Regulators Look To Guard Grid From Cyberattacks
  • 12 hours Mexico Says OPEC Has Not Approached It For Deal Extension
  • 14 hours New Video Game Targets Oil Infrastructure
  • 15 hours Shell Restarts Bonny Light Exports
  • 17 hours Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 23 hours Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 1 day British Utility Companies Brace For Major Reforms
  • 1 day Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 1 day Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 1 day Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 1 day OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 2 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 2 days Rosneft Signs $400M Deal With Kurdistan
  • 2 days Kinder Morgan Warns About Trans Mountain Delays
  • 2 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 2 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 2 days Russia, Saudis Team Up To Boost Fracking Tech
  • 3 days Conflicting News Spurs Doubt On Aramco IPO
  • 3 days Exxon Starts Production At New Refinery In Texas
  • 3 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 3 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 3 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 3 days China To Take 5% Of Rosneft’s Output In New Deal
  • 3 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 4 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 4 days VW Fails To Secure Critical Commodity For EVs
  • 4 days Enbridge Pipeline Expansion Finally Approved
  • 4 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 4 days OPEC Oil Deal Compliance Falls To 86%
  • 4 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 4 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 4 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 5 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 5 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 5 days Aramco Says No Plans To Shelve IPO
What’s Stopping An Oil Price Rally?

What’s Stopping An Oil Price Rally?

Oil prices rallied in Q3…

New Technology Could Drastically Reduce Cost of Offshore Wind Power

New Technology Could Drastically Reduce Cost of Offshore Wind Power

A new technology for anchoring offshore structures to the seabed could drastically reduce the cost, and increase the speed of installation for offshore wind farms; making the offshore wind a far more attractive source for renewable energy.

The new technology, designed by Universal Foundation, will be tested in the North Sea where it will be used to support 120 metre meteorology masts which will be used to provide data for the deployment of future wind farms in the area.

What resembles an upside down, giant steel bucket will be lowered down to the seabed where it will then sink down into the seabed, and through the power of suction, become stuck fast, forming a rock solid foundation.

Suction Bucket

Related Article: U.S. Congress Breaths Life into Wind Energy

If successful in this preliminary installation, then the technology could be used as the base for thousands of giant offshore wind turbines which are planned to be erected in UK waters as part of the largest offshore wind project in the world, capable of supplying around 26 million homes with electricity by 2030.

Phil de Villiers, from the Carbon Trust, said that “the suction bucket foundation is a really great innovation for the industry as you can install it faster and at lower costs than conventional foundations. That is good for everyone as it brings down costs.”

De Villiers estimates that if this technology is used for the 6,000 wind turbines to be installed over the next decade, then around £5 billion could be knocked off the £90 billion total cost, because it is 20% cheaper than the traditional foundations used for offshore wind turbines.

By. Charles Kennedy of Oilprice.com



Join the discussion | Back to homepage

Leave a comment
  • Hans on January 23 2013 said:
    In 2005 a trial with a bucket foundation was made in Wilhelmshaven (Germany) that went terribly wrong. So two questions:
    1) What so new about the design of Universal Foundation?
    2) How will they avoid the problems of the Wilhelmshaven experiment?

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News