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Indian billionaire Gautam Adani and his family are in early talks with investors including Singapore’s sovereign wealth fund GIC Pte and Temasek Holdings Pte to raise at least $10 billion to fund the group’s expansion in clean energy and ports, Mint reported. Adani is also talking to other wealth funds and private equity firms about the fundraising, Mint said, citing… Read More
The relationship between U.S. energy production and national parks, forests and wildlife refuges is the focus of a newly launched website, Royalties to Restoration. In 2021, oil and gas companies operating in U.S. offshore waters paid more than $3 billion to the federal treasury. In 2022, a total of $2.8 billion has been set aside for the… Read More
Ampelmann making headway in Taiwanese wind market As Taiwan’s windfarm construction effort is gathering momentum, so is Ampelmann’s involvement in its expanding offshore wind market. In the last six months, we signed another four contracts with different (end)clients to supply our systems to this important and expanding market. Two E1000’s and two A-types were recently… Read More
Crowley has completed the purchase of 42 acres in Salem, Massachusetts, the latest milestone toward the development of the state’s second major offshore wind port terminal. The Salem Harbor Wind Terminal is a public-private partnership between Crowley and the City of Salem, with AVANGRID serving as the port’s anchor tenant through its Commonwealth Wind and… Read More
The technology group Wärtsilä is completing the commissioning of its first energy storage project in the Netherlands, which is the country’s largest system to date. The company was joined by His Excellency Rob Jetten, Minister for Climate and Energy, and the CEO of GIGA Storage BV, Ruud Nijs, to celebrate the milestone during a ribbon cutting… Read More
Japanese operator Modec has taken delivery of a new FPSO for Petrobras’ Campos Basin Renewal Plan, a $16 billion, four-year program to revitalize a maturing region. The FPSO Anita Garibaldi has left the Dalian Shipbuilding Industry Offshore (DSIC) shipyard in Dalian, China and is en route to Brazil for deployment in the Marlim and Voador fields… Read More
Belgium is pushing ahead with plans to develop an artificial island off its coast, creating a regional grid connector for offshore wind farms and a future hub for European energy transmission. Belgian transmission system operator Elia has unveiled the draft plans for what it believes will be the first artificial energy island. (This would put… Read More
President Joe Biden’s administration laid out ambitious additional goals last month to boost offshore wind power generation, one of the American renewable energy industry’s emerging wide open frontiers. The federal announcements come as coastal states across the country are increasingly setting offshore wind energy targets, seeking to capture not just clean energy but the potentially big economic… Read More
The Coast Guard yesterday issued a notice to Austal USA, the offshore patrol cutter (OPC) Stage 2 contractor, to proceed on detail design work to support future production of OPCs. The Coast Guard issued the notice following the withdrawal of the bid protest filed in July with the Government Accountability Office (GAO) by Eastern Shipbuilding Group Inc…. Read More
Heavy-lift crane HLC 295000 successfully completes first offshore projects Installation of XXL-monopiles possible in less than 24 hours First jacket foundation and platform installations completed With the installation of the largest monopiles ever produced in Europe and the lifting of a substation platform, the heavy lift crane HLC 295000 has successfully completed its first two… Read More
Sval Energi has strengthened its position on the Norwegian Continental Shelf by closing the Martin Linge and Greater Ekofisk Area transactions with Equinor and the acquisition of Suncor Energy Norge. Sval Energi said that the Martin Linge and Greater Ekofisk Area deal with Equinor and the acquisition of Suncor Energy’s Norwegian arm were closed on… Read More
Sembcorp Marine has won a $3 billion contract for a new FPSO for Petrobras, its largest single order from the Brazilian petroleum giant. The winning bid more than doubles Sembmarine’s orderbook by value. When completed, the future FPSO P-82 will be deployed at the Buzios offshore oil field in Brazil’s pre-salt Santos Basin. The ultradeepwater… Read More
For the first time in the last four quarters, HHI Group’s Korea Shipbuilding and Offshore Engineering (KSOE) division is forecast to make a slight profit. Korean financial data provider FnGuide estimates that KSOE has earned $56 million in operating profit in the July-September quarter. KSOE has not turned a profit since the third quarter of 2021, and its… Read More
Are all-electric seagliders the future for getting personnel to offshore platforms? French super major TotalEnergies is looking at the idea. It has reached an agreement with Massachusetts-based start-up REGENT (Regional Electric Ground Effect Nautical Transport). The company (which is registered as Regent Craft Inc.) has developed an all-electric wing-in-ground-effect (WIG) vessel, the seaglider. It says that it… Read More
The Board of Directors for Atlantic Shores Offshore Wind, LLC, (Atlantic Shores), a 50/50 partnership between Shell New Energies US LLC and EDF Renewables North America, is pleased to announce the appointment of Joris Veldhoven as the company’s first Chief Executive Officer. “I am excited and humbled to lead the continued growth of Atlantic Shores, one of the… Read More