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Amid soaring costs, wind energy companies canceled two offshore projects in the United States and a third in Britain even as the demand for renewable energy soars. Iberdrola canceled a contract to sell power from a planned wind farm off the coast of Massachusetts while Orsted lost a bid to provide offshore wind power to… Read More
A consortium consisting of global wind and offshore specialists Simply Blue Group and Subsea7, and local renewable energy developer Spark Renewables will be spearheading the development of the Sea Fern Floating Offshore Wind project in the Commonwealth’s newly declared wind zone in the Pacific Ocean off the Hunter, in New South Wales. The project will have… Read More
SouthCoast Wind, the offshore wind JV south of Martha’s Vineyard, has had its application for a wind power transmission cable sidelined by a Rhode Island permitting board. It is the latest in a series of setbacks for the high-profile project, and all are driven by the soaring cost of offshore wind power development. SouthCoast Wind… Read More
Transocean Ltd. announced that an independent operator awarded a 1,080-day contract for a high-specification seventh-generation, ultra-deepwater drillship in the Gulf of Mexico offshore Mexico. One of three drillships will be selected by Transocean from among Deepwater Invictus, Deepwater Thalassa, and Deepwater Proteus no later than one year prior to the earliest date in the commencement… Read More
Standing taller than the Washington Monument, two wind turbines currently sit towering over the Atlantic Ocean, 27 miles off the coast of Virginia Beach. These turbines are part of the pilot project for Dominion Energy’s Coastal Virginia Offshore Wind Program, slated to be completed in 2026. The project will soon grow to include a total… Read More
Ofgem has narrowed down the contenders for ownership and operation of up to three offshore wind farm transmission assets in its “most valuable” Offshore Transmission Owner (OFTO) bidding round to date. Joining the race is Gravis Capital Partners, leading a consortium of newcomers, alongside previous bidders EKITD Consortium, Diamond Transmission Partners, and Transmission Capital Partners. All… Read More
Offshore wind developers with projects lined up for the newly declared Hunter zone off the coast of New South Wales are likely to have to dial back their plans, following the introduction of strict turbine height restrictions this week. Australia’s nascent offshore wind energy industry unanimously welcomed the declaration on Wednesday of the nation’s second… Read More
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