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BOSTON – Just as the U.S. is plunging into the deep end of offshore wind energy development, the nascent domestic industry is facing major supply chain problems, surging costs, permitting delays and other headwinds that could affect the aggressive installation timelines state and federal governments have targeted. Those obstacles, chiefly triggered by the pandemic, inflation… Read More
OSLO, July 13 (Reuters) – Global offshore wind firm Orsted (ORSTED.CO) chose to exit a landmark German seabed lease auction, its top executives said on Thursday, after the company expressed concerns about high prices. Germany on Wednesday announced the results of the tender for 7 gigawatts (GW) of capacity in the auction, with oil majors BP (BP.L) and TotalEnergies (TTEF.PA) emerging… Read More
Oil majors BP and TotalEnergies pledged to pay a combined 12.6 billion euros for the right to build wind farms in the North and Baltic seas in the world’s largest ever offshore wind auction. Environmentalists hailed the result as a “quantum leap” for the technology, as it showed how cheap renewables had become. The surprisingly high entry… Read More
Virginia created a new incentive to support the growth of the offshore wind supplier industry in the commonwealth. Gov. Glenn Youngkin announced the formation of the Virginia Offshore Wind Supplier Development Grant Tuesday. Offered through the Virginia Economic Development Partnership, the program aims to encourage smaller existing manufacturers to join the production of goods in support of… Read More
HOUSTON–(BUSINESS WIRE)–Jul. 12, 2023– NextDecade Corporation (NextDecade, the Company) (NASDAQ: NEXT) is proud to announce it has made a positive final investment decision (FID) to construct the first three liquefaction trains (Phase 1) at the Company’s 27 million tonnes per annum (MTPA) Rio Grande LNG (RGLNG) export facility in Brownsville, Texas. This press release features multimedia. View the… Read More
Eastern Shipbuilding Group has been contracted by Hornbeck Offshore Services, Inc. to convert a 280-foot offshore supply vessel (OSV) to a service operation vessel (SOV) to meet the growing demand of the U.S. offshore wind market, as well as to serve the demands of the petro-energy flotel market. The vessel was constructed by Eastern Shipbuilding… Read More
OCEAN CITY — With a wind power project proposed off the beach taking a big step forward this week, Mayor Jay Gillian on Thursday criticized the approval process and called offshore energy production “a crazy gamble.” City officials have expressed skepticism about the Ocean Wind 1 project since its proposal, but at the City Council… Read More
The 2023 report on the “Shipbuilding and Offshore Rig Fabrication and Repair Market” stands as a definitive and meticulous analysis, encompassing a wide range of factors affecting business growth opportunities, challenges, risk factors, and emerging trends across diverse geographical regions. This comprehensive report offers up-to-date and precise information on the latest technological advancements, accompanied by SWOT and PESTLE analysis, and invaluable… Read More
BOEM’s approval of Ocean Wind 1 off the coast of Atlantic City is key for jobs and clean energy say elected officials The Department of the Interior’s Bureau of Ocean Energy Management (BOEM) on July 5, 2023 announced it has approved the plan for construction and operations of the Ocean Wind 1 project offshore New… Read More
Korean shipyard HD Korea Shipbuilding Offshore Engineering said Wednesday it has clinched a 96.3 billion-won ($73.97 million) order to build one liquefied petroleum gas (LPG) carrier for an Oceanian shipper. Hyundai Mipo Dockyard, one of HD Korea Shipbuilding Offshore Engineering’s three subsidiaries, will construct the vessel in its shipyard in the southeastern port of Ulsan… Read More
The Bureau of Ocean Energy Management has approved the construction and operation plan for the Ocean Wind 1 project off the coast of New Jersey. The project is expected to generate 1,100 MW of clean energy, power over 380,000 homes, and create over 3,000 jobs during development and construction. With the approval, Ocean Wind 1… Read More
In accordance with the Mujib Climate Prosperity Plan, Danish renewable energy firms have submitted a $1.3 billion investment proposal to Bangladesh to develop a commercial, utility-scale offshore wind project off the coast of the Bay of Bengal with an initial capacity of 500 megawatts. The world’s leading dedicated greenfield renewable energy investors – Copenhagen Infrastructure… Read More
Governor Glenn Youngkin today announced the establishment of the Virginia Offshore Wind Supplier Development Grant, a new program designed to incentivize smaller existing Virginia manufacturers to enter into the production of goods to support the offshore wind industry in Virginia, as well as the broader U.S. offshore wind market. The program, created by the Virginia… Read More
“In New Jersey, it’s go hard or go home,” Gov. Phil Murphy Tweeted after signing an executive order to up the state’s offshore wind goals by nearly 50% last September. Perhaps, the governor didn’t consider the fact that those in the state who question the perils and efficacy of offshore wind turbines are playing by the same saying…. Read More
A more holistic project approach indicates that the Gulf of Mexico may actually be among the most appealing areas in terms of costs, available maritime and industrial resources, and solutions for minimising physical and environmental constraints. Scene-setter In February, the proposed sale notice for three lease areas proximate to Louisiana and Texas were released by… Read More