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Ørsted has signed an agreement to acquire Public Service Enterprise Group’s (PSEG) 25 % equity stake in the 1,100 MW offshore wind energy project Ocean Wind 1 located approx. 24 km off the coast of southern New Jersey in the US. The acquisition provides Ørsted with 100 % ownership of Ocean Wind 1. As Ocean… Read More
The Biden Administration is finalizing the next five-year offshore leasing program, which has been delayed by several months already, creating yet another uncertainty for the U.S. oil industry which has had to grapple with numerous mixed messages from Washington since President Biden took office. The previous five-year program expired in June 2022. The Biden Administration… Read More
Introduction 2022 was an eventful year for the Offshore industry. Geopolitical tensions between Russia and Ukraine caused the price of oil to hit USD 100 per barrel and reach highs of c. USD 130 per barrel. Oil majors announced record profits, and the vessel and rig owning sector witnessed both an increase in asset values… Read More
While approaching Wainscott Beach on Long Island’s South Fork in early December, one could see the most tangible aspect of offshore wind’s New York progress even before hearing the crash of waves: three pillars, each about as tall as the Statue of Liberty, jutting up from the ocean. They were the legs of the Jill, a liftboat… Read More
The U.S. Department of the Interior is taking important steps to support the development and maturation of the offshore renewable energy sector by further defining and simplifying the safety and environmental regulatory responsibilities. In a move that is being supported by the clean power industry, the Department clarified the roles of the Bureau of Ocean… Read More
Under the new contract, U.S.-based Crowley will manage and crew the SOV to support Siemens Gamesa’s service operations on the Dominion Energy Coastal Virginia Offshore Wind project. ESVAGT, based in Denmark, will support Crowley with design, construction, crew training and operation services as part of the two companies’ joint venture, CREST Wind, created in 2021… Read More
Parkwind has produced first power from its 257MW Arcadis Ost 1 wind farm in the German Baltic Sea. The Belgian developer said the first Vestas V174-9.5MW turbine was energised and connected to the German grid on 12 January. Project director Wim Verrept said first power is a “huge milestone”. “First power is the culmination of… Read More
Boskalis has acquired the contract to construct a large offshore windfarm off the United States coastline. The Boskalis project scope includes the transportation and installation of the wind turbine foundations and power cables for which two crane vessels, several transport and cable-laying vessels will be deployed. The contract marks a special milestone for Boskalis as this is the 100th offshore windfarm project that Boskalis has worked on over the past… Read More
Despite some statements and media coverage, the NJ environmental and climate community is unified in our support for responsibly developed offshore wind. Please see the below statement from more than 10 organizations making up over 300,000 members. As organizations representing 308,000 members, we stand united in our support for responsibly developed offshore wind to help… Read More
Wind power generated record amounts of energy earlier this week, topping 21 gigawatts for the first time ever on Tuesday evening. Blustery conditions have powered wind generation to a new peak, with generation across the UK’s turbines rising over the New Year. National Grid’s electricity system operator (NGESO) confirmed that between 6pm and 6.30pm on… Read More
Abu Dhabi-based Gulf Marine Services (GMS) said one of its clients in Europe, World Marine Offshore A/S has filed for bankruptcy. In a regulatory statement on Friday, the London LSE-listed GMS said it has outstanding receivables from WMO of approximately 4 million euros ($4.3 million), from its contract to support the construction and development of… Read More
The State of New Jersey has secured another anchor tenant for the New Jersey Wind Port, the nation’s first purpose-built port for wind farm construction staging. Atlantic Shores Offshore Wind – a joint venture between Shell and EDF – has signed a letter of intent to lease 35 acres at the new port, which it… Read More
A new research effort supported by many of the leading companies developing offshore wind farms and funded by the EU is investigating single-sided welding techniques. If found to be successful, the project organizers believe this new welding methodology could help ease bottlenecks in development and cut the cost of wind turbine fabrication. Known as the… Read More
As demand for energy has risen in the last several decades, industrial exploitation of the deep ocean has intensified. The continued rise of the offshore oil and gas industry, and the emergence of new marine renewable energy technology, all points to an increasing dependence on the deep ocean (depths greater than 200 meters) as part… Read More
The Department of the Interior today announced that the Bureau of Ocean Energy Management (BOEM) will publish a proposed rule to update regulations for offshore wind development on the U.S. Outer Continental Shelf (OCS). Interior says the proposed regulations would modernize regulations, streamline overly complex and burdensome processes, clarify ambiguous provisions and enhance compliance provisions… Read More